Kin Cheung / AP
Sheldon Adelson, chairman and chief executive officer of Las Vegas Sands Corporation and his wife Miriam Adelson, attend the opening ceremony of the Venetian Macao Resort Hotel in Macau Tuesday, August 28, 2007.
Wednesday, Sept. 15, 2010 | 12:29 p.m.
Las Vegas Sands is considering a possible name change to reflect the resort company’s growing international presence.
In an interview with Dow Jones News Service during the CLSA Investors' Conference in Hong Kong Tuesday, Las Vegas Sands Chairman and Chief Executive Sheldon Adelson said the company’s name would either be changed to Sands International or Sands Resort International.
Adelson told Dow Jones the change would be "to reflect more that we're not just in Las Vegas.”
Las Vegas Sands spokesman Ron Reese said any name change could be voted on as early as the next board of directors meeting in November.
Las Vegas Sands owns three hotel-casinos in Macau, making it the largest U.S.-based casino operator in the region. The company owns the Venetian Macao, Sands Macao and the Four Seasons Macao.
Most recently, Las Vegas Sands extended its brand to Singapore, opening the first phase of the $5.5 billion, 2,600-room Marina Bay Sands in April 2010.
Las Vegas Sands is the second Las Vegas-based casino operator in recent months to express an interest in changing its name to reflect an expanded global brand. In June, shareholders of the company formerly known as MGM Mirage voted to change the company name to MGM Resorts International.
MGM Resorts is acquiring the management of hotel developments in Vietnam, Dubai and Egypt through a subsidiary. The business plan calls for MGM Resorts Hospitality to acquire the management of 42 hotels around the world in the next 10 years.
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