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Las Vegas Sands
Las Vegas Sands Corp. () is a casino resort company based in Las Vegas, Nevada and majority owned by one of the world's richest men, Sheldon Adelson.
HistoryFounded in 1988, the company was the owner and operator of the Sands Hotel, which was demolished in 1996 to make room for The Venetian, which opened in 1999. In February 2008, the company announced that it has acquired two L-1011 aircraft which it plans to use to bring gamblers from Asia to its Las Vegas properties. The aircraft will be equipped with baccarat tables that can be played while over international waters using established lines of credit. According to gaming officials, the Nevada gaming tax will not apply to these wagers.[1] Properties
Past Properties
FutureIn September 2005, the company entered into an agreement with the city of Zhuhai, Guangdong, China to develop a resort destination on Hengqin Island. In December 2006 the company received final approval to begin construction of the project. On May 26, 2006, Las Vegas Sands was awarded the license to construct an "Integrated Resort" (casino resort), tentatively named The Marina Bay Sands, in Marina Bay, Singapore. The company is currently constructing its trademarked Cotai Strip in the Cotai area of Macau. Las Vegas Sands' first casino in the Strip will be The Venetian Macao and opened on 28 August 2007. Las Vegas Sands is currently in development stages of several resort areas around the world. Las Vegas Sands has under construction The Venetian Macau, which will anchor their other properties under development along the Cotai Strip in Macau, China. The Venetian Macau adds to their other property in Macau - The Sands Macau - and the revenue expected to be produced by the Cotai strip has already surpassed the Las Vegas Strip, and many investors have already bought into the company's stock to reap the benefits of the potential of this gaming Mecca. Moving on to the South of Asia, LVS is in preliminary development stages of a plot they were awarded in Singapore. Many gaming companies bid for the rights to build in this lucrative market and Las Vegas Sands came out on top and were awarded the rights to develop the land. The Resort is currently known as The Marina Bay Sands and is forecast to open in 2009. This resort will be the first casino allowed in Singapore in the last 40 years. Lastly, the las Vegas Sands has development plans for a resort on Hengqin Island, China, along with a gambling hall in Pennsylvania. Reports also indicate an interest in a new casino resort in Marlboro, MA.[2] There is also speculation that LVS has bids for places in Europe and this shows the vast array of development sites that Las Vegas Sands has proposed. Sands Macao HotelOn September 29, 2007, Las Vegas Sands Corp.'s Sheldon Adelson announced that it will open its 2nd hotel, the Sands Macao Hotel in Macau on October. Mark Brown, president of Sands Macao and the Venetian Macau Resort Hotel stated: "We are now uniquely positioned in Macau to offer all the integrated amenities necessary as a destination to attract a diverse range of multi-night visitors."[3] Ownership and stockApproximately 90% of LVS stock is held by company insiders, with CEO Sheldon Adelson presently owning approximately 65%. As of January 2007, the company's market capitalization was $36 billion. ReferencesExternal links
es:Las Vegas Sands fr:Las Vegas Sands it:Las Vegas Sands ja:????????? sv:Las Vegas Sands Source: Wikipedia | The above article is available under the GNU FDL. | Edit this article
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