Las Vegas Sands (NYSE: LVS) is a Fortune 500 company and the leading global developer of destination properties (Integrated Resorts) that feature premium accommodations, world-class gaming and entertainment, convention and exhibition facilities, celebrity chef restaurants, and many other amenities.
THE VENETIAN ® and THE PALAZZO ®, Five-Diamond luxury resorts on the Las Vegas Strip, and SANDS® Bethlehem in Eastern Pennsylvania are the company's properties in the United States.
MARINA BAY SANDS ® is the company's iconic Integrated Resort in Singapore's downtown Marina Bay district.
Through its majority-owned subsidiary Sands China Ltd., the company also owns a portfolio of properties on Macao's COTAISTRIP®, including THE VENETIAN® Macao, Four Seasons Hotel Macao, and Sands Cotai Central, a 13.7 million square foot 6,400-room Integrated Resort, the first phase of which debuted in April 2012. The company also owns the SANDS® Macao on the Macao Peninsula.
Las Vegas Sands is also committed to global sustainability through its SANDS Eco 360 program and is an active community partner through its various charitable organizations.
Las Vegas Sands Corp. is the world leader in developing integrated resort destinations. The company has an outstanding track record in the convention, entertainment and retail arena, as proven by the outstanding success of The Venetian and the Sands Expo and Convention Center in Las Vegas.
While the mega destination resort concept may be new to Asia, it is a business in which the Las Vegas Sands Corp. ("LVSC") is a world leader. The company brings to Macao their extensive experience in the trade show, convention and tour, retail and travel business, in addition to a wealth of experience as a hotel, casino and shopping mall operator.
Our experience in Las Vegas has proven that a world-class gaming and entertainment environment is a prime retail location.
Las Vegas is a magnet for shoppers with 4 million square feet of retail space; it houses three of the top five most successful malls in the U.S, which include The Grand Canal Shoppes.
At the heart of this success story is the Venetian Hotel Resort and its retail mall, The Grand Canal Shoppes. The 80 outlets, deliver an astounding eleven-hundred dollars per square foot, three times the US shopping centre average.
Shoppes at Venetian unique facilities demonstrate the successful formula of an integrated resort model. Las Vegas has seen retail sales volumes increase by 99% in the last ten years versus only 22% in gaming revenues.
Now the integrated model that saw retail become the dominant draw card in Las Vegas will be established in Southern China with the development of Cotai Strip® in Macao.
Macao has already proven it is a very good bet, when in 2006, gaming revenues reached US$6.95 billion, just under the US$ 6.079 billion earned on the entire Las Vegas Strip.
Macao continues to be the world’s single biggest gaming market, recording US$27.9 billion in gaming revenues
at year end of 2016, down by 2.6% year-on-year. While Las Vegas Strip, which recorded revenues of US$6.4 billion
for 2016.
Add, it's direct access to nearly one-and-a-half billion people and you can see the winning formula taking shape.
