Las Vegas Sands

Jury sides with businessman in Las Vegas Sands lawsuit: Tuesday, May 14, 2013; By Hannah Dreier, Associated Press; A jury on Tuesday awarded a Hong Kong businessman a $70 million judgment against Las Vegas Sands Corp., the casino giant run by billionaire Sheldon Adelson. Richard Suen claimed he was owed up to $328 million for helping the company secure a gambling license in Macau.

Adelson says he changed testimony to clarify details of Macau deal: Monday, April 8, 2013; By Ron Sylvester; Billionaire casino mogul Sheldon Adelson changed his story. Appearing more subdued Monday than he did last week, Adelson admitted that he altered his testimony from what he told jurors five years ago, when they sided with Hong Kong businessman Richard Suen.

Adelson, armed with one-liners and verbal jabs, testifies about Sands' entry into Macau: Friday, April 5, 2013; By Ron Sylvester; When he wasn't quipping one-liners from the witness stand or arguing with lawyers, Sheldon Adelson had trouble remembering details of how he built a casino empire in Macau.

Las Vegas Sands says it likely violated anti-bribery law: Gaming:; Saturday, March 2, 2013; Associated Press; Las Vegas Sands Corp. says in a regulatory filing that it probably violated a federal law that prohibits bribing foreign officials.

Macau drives record earnings for Las Vegas Sands: Gaming: Adelson: 'I couldn’t be more optimistic about the future'; Wednesday, January 30, 2013; By Ron Sylvester; Las Vegas Sands ended last year with record earnings, led by growth in Macau and other Asian markets. The company reported that 62 percent of its fourth-quarter operating profit came from its Macau casinos and resorts. Sands Chairman Sheldon Adelson told investors in an earnings call this afternoon that he expects continued growth with this week’s opening in Macau of the 2,100-room Sheraton and the planned addition of 200 table games coming in the first quarter of this year.

Report: Sands' PAC is nearly broke: POLITICS:; Tuesday, January 29, 2013; By Karoun Demirjian; When it came to the 2012 election, Sheldon Adelson’s pockets were so deep you might consider them bottomless. But you can’t say the same for his company’s political wing.

The bigger Macau gets, the better for Las Vegas: Thursday, December 27, 2012; By Steve Friess; This is not a travel essay, and here’s why: Nobody expects you to ever go to Macau. They don’t need you. A bellboy said that when he sees Caucasian guests, he assumes they must be evaluators from a travel guide.

Budget resorts, locals casinos struggle in third quarter: Monday, December 3, 2012; By Steve Green; Third-quarter financials are in for the Las Vegas gaming industry, and they show continued difficulties for two of the valley’s three main casino sectors. While most high-end Strip resorts saw profits in the quarter ending Sept. 30, mass market Strip casinos struggled, as did locals casinos. The Strip’s budget properties faced an uphill battle trying to get recession-weary customers to part with their dollars. Some of the casinos also played unlucky, meaning they didn’t win as much as usual from gamblers.

Las Vegas Sands declares $2.26 billion special dividend: Monday, November 26, 2012; Associated Press; Casino operator Las Vegas Sands Corp. plans to pay a special dividend of $2.75, distributing about $2.26 billion to its shareholders by the end of the year.

Strip resorts lauded for diversity and environmental efforts: Business:; Saturday, November 17, 2012; By Steve Green; Las Vegas casino operators received high rankings in several recent corporate responsibility reports lauding them for their commitment to the environment and workforce diversity.

This week’s stock performers: The best and the worst locally: Friday, November 2, 2012; By Steve Green; Chemical maker American Pacific Corp. was the biggest gainer, while several local gaming companies share in declines.

Adelson ranked the 27th richest person in world: Thursday, November 1, 2012; By Steve Green; Las Vegas Sands Corp. Chairman and CEO Sheldon Adelson is ranked at No. 27 in a new list of the world's richest people. Adelson is estimated to have a net worth of $21.3 billion, up 6.9 percent or $1.4 billion on a year-over-year basis as of Oct. 5.

Las Vegas Sands profit down 1 percent: Thursday, November 1, 2012; Staff and wire reports; The Las Vegas Sands Corp. says net income fell 1 percent as it took less money from gamblers and paid to start up a new casino in Macau. The company earned $349.8 million, or 42 cents per share, for the quarter. During the same period last year it earned $353.6 million, or 44 cents per share.

Gaming executives predict industry growth over the next 5 years: Wednesday, October 3, 2012; By Richard N. Velotta; Representatives of six gaming companies are optimistic about what the future holds for the industry with expansion and technological advancements leading growth in the next five years.

Las Vegas Sands, Caesars singing different tunes at G2E: Gaming:; Wednesday, October 3, 2012; By Steve Green; Las Vegas-based casino operators Caesars Entertainment Corp. and Las Vegas Sands Corp. face remarkably different financial issues.

Las Vegas Sands company info

3355 S. Las Vegas Blvd.
Room 1A
Las Vegas, 89109
414-1000
Public or private: Public (NYSE: LVS)
Year founded: 1988
Properties owned in Nevada:
The Venetian, Las Vegas
The Palazzo, Las Vegas
Properties owned outside Nevada
Sands Casino-Resort, Bethlehem, Pa.
The Venetian Macao, Macau, China
Sands Macao, Macau, China
Marina Bay Sands, Marina Bay, Singapore
Top executives and salaries:
Sheldon Adelson, Chairman, CEO, Treasurer. Total compensation*: $1.3M, Base salary: $1M, Bonuses**: $0, Gains from options/stocks: $0
Michael Leven, President, Chief operating officer, Secretary. Total compensation: N/A, Base salary: N/A, Bonuses**: N/A, Gains from options/stocks: N/A
Robert Goldstein, Senior VP. Total compensation: $2M, Base salary: $965K, Bonuses: $0, Gains from options/stocks: $962K
Amounts as of Dec. 31, 2008. *Total Compensation = Salary + Bonus + Nonequity Incentive Plan Compensation + Change in Value of Pension and Deferred Compensation + All Other Compensation + Value Realized on Vesting of Restricted Stocks + Value Realized on Exercise of Options. **Bonuses included bonuses and cash payments based on performance Michael Leven was hired as president in March 2009.
More resources
SEC filings
Press releases
Income Statement
Balance Sheet