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Las Vegas Sands

American casino and resort company

Las Vegas Sands Corp. is an American casino and resort company with corporate headquarters in Las Vegas, Nevada. It was founded by Sheldon G. Adelson and his partners out of the Sands Hotel and Casino on the Las Vegas Strip. The Sands was demolished and redeveloped as The Venetian, opening in 1999.3 It was founded by Sheldon Adelson.1 Its chief executive is Sheldon Adelson.1 Its revenue was $4.1 billion in 2022.1 Its shares trade on NYSE under the symbol LVS.1 Wikipedia text CC BY-SA 4.0

$37.44 down 0.73 (1.91%)Price as of Oct 21, 2026 at 18:59 UTC

Last updated Oct 21, 2026.

Overview

1937Founded1

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  • TickerLVS on NYSE1
  • Industrygambling, tourism1
  • HeadquartersLas Vegas1
  • Websitewww.lasvegassands.com
  • Incorporated inNV6
  • Business address5420 S. Durango Drive, Las Vegas, Nv 891136
  • Filer categoryLarge accelerated filer6
  • Legal formProfit Corporation4
  • LEI549300DUOO1KXOHPM6054
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O CORPORATION SERVICE COMPANY, 89703 Carson City, United States4
  • Registered withBusiness Center (Secretary of State), NV200415574964

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Venetian Las Vegas, NV
Photo: Ricky Barnard, CC BY 2.0, via Wikimedia Commons9

Las Vegas Sands Corp. is an American casino and resort company with corporate headquarters in Las Vegas, Nevada. It was founded by Sheldon G. Adelson and his partners out of the Sands Hotel and Casino on the Las Vegas Strip. The Sands was demolished and redeveloped as The Venetian, opening in 1999. An adjacent resort, The Palazzo, opened in 2007. Both resorts were sold in 2022.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

21.6%Operating margin10
12.5%Net margin10
15.2%Revenue growth, 202510
102.3%Return on equity10
$1.9BFree cash flow10

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Casino brought in 75% of the revenue Las Vegas Sands broke down this way in fiscal 2025.

  1. Casino$9.8B1075%up 18% from 2024
  2. Occupancy$1.4B1011%up 12% from 2024
  3. Mall$801.0M106%up 6% from 2024
  4. Food and Beverage$644.0M105%up 6% from 2024
  5. Product and Service, Other$361.0M103%up 1% from 2024
Products and services by year
Products and services202320242025
Casino$7.5B$8.3B$9.8B
Occupancy$1.2B$1.3B$1.4B
Mall$767.0M$755.0M$801.0M
Food and Beverage$584.0M$607.0M$644.0M
Product and Service, Other$295.0M$359.0M$361.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Research and development2¢$269.0M
  • Selling, general and admin9¢$1.2B
  • Other costs68¢$8.8B
  • Interest6¢$746.0M
  • Income tax3¢$347.0M
  • Profit12¢$1.6B

Out of $13.0B in revenue.10

Where each dollar of operating cash went, fiscal 2025

  • Capital spending28¢$1.2B
  • Dividends paid20¢$833.0M
  • Share buybacks53¢$2.2B

Out of $3.0B of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.10

Financial statements

Revenue1112131410$13.0B in 2025+7% since 2019
0$5.0B$10.0B$15.0B2019: $12.1B$12.1B20192020: $2.9B$2.9B2020−76%2021: $4.2B$4.2B2021+44%2022: $4.1B$4.1B2022−3%2023: $10.4B$10.4B2023+152%2024: $11.3B$11.3B2024+9%2025: $13.0B$13.0B2025+15%
Operating income1112131410$2.8B in 2025−16% since 2019
-$2.0B0$2.0B$4.0B2019: $3.4B$3.4B20192020: -$1.4B-$1.4B20202021: -$689.0M-$689.0M2021−51%2022: -$792.0M-$792.0M2022+15%2023: $2.3B$2.3B20232024: $2.4B$2.4B2024+4%2025: $2.8B$2.8B2025+17%
Net income1112131410$1.6B in 2025−40% since 2019
-$2.0B0$2.0B$4.0B2019: $2.7B$2.7B20192020: -$1.7B-$1.7B20202021: -$961.0M-$961.0M2021−43%2022: $1.8B$1.8B20222023: $1.2B$1.2B2023−33%2024: $1.4B$1.4B2024+18%2025: $1.6B$1.6B2025+13%

Every line of the income statement as filed: the last 3 fiscal years (annual) or 8 quarters (quarterly), latest first.10

Period ending2025-12-312024-12-312023-12-31
Net revenues$13.0B$11.3B$10.4B
Provision for credit losses$85.0M$19.0M$4.0M
General and administrative$1.2B$1.1B$1.1B
Corporate$310.0M$290.0M$230.0M
Pre-opening$24.0M$14.0M$15.0M
Development$269.0M$228.0M$205.0M
Depreciation and amortization$1.5B$1.3B$1.2B
Amortization of leasehold interests in land$76.0M$60.0M$58.0M
Loss on disposal or impairment of assets$247.0M$50.0M$27.0M
Total operating expenses$10.2B$8.9B$8.1B
Operating income$2.8B$2.4B$2.3B
Interest income$161.0M$275.0M$288.0M
Interest expense, net of amounts capitalized-$746.0M-$727.0M-$818.0M
Other income (expense)-$15.0M$10.0M-$8.0M
Gain (loss) on modification or early retirement of debt-$5.0M$0$0
Income before income taxes$2.2B$2.0B$1.8B
Income tax expense-$347.0M-$208.0M-$344.0M
Net income$1.9B$1.8B$1.4B
Net income attributable to noncontrolling interests-$239.0M-$306.0M-$210.0M
Net income attributable to Las Vegas Sands Corp.$1.6B$1.4B$1.2B
Basic (in usd per share)$2.35$1.97$1.60
Diluted (in usd per share)$2.35$1.96$1.60
Basic (in shares)691.0M shares735.0M shares763.0M shares
Diluted (in shares)693.0M shares737.0M shares765.0M shares

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Corporate structure

Las Vegas Sands sits at the top of its group. 16 entities, 6 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Las Vegas Sands

  • Miriam Adelson Filed SCHEDULE 13D/A on Las Vegas Sands, latest Aug 11, 2026 (7 filings since Mar 17, 2022)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on Las Vegas Sands, latest Mar 27, 2026 (3 filings since Nov 4, 2024)
  • Capital Research Global Investors Filed SCHEDULE 13G/A on Las Vegas Sands, latest Nov 13, 2025 (5 filings since Nov 12, 2024)
  • Las Vegas Sands Las Vegas, Nevada, United States
    • Sands China 70.1% · Macao, Macau
      • COTAI FERRY COMPANY LIMITED (金光渡輪有限公司) Subsidiary · Macao, Macau
      • VML US FINANCE LLC Subsidiary · Wilmington, Delaware, United States
    • Eurovegas Subsidiary · Alcorcón
    • Las Vegas Sands, LLC Subsidiary · Las Vegas, Nevada, United States
    • LVS (Nevada) International Holdings, Inc. Subsidiary · Nevada, United States
    • Marina Bay Sands Pte. Ltd. Subsidiary · Singapore
    • MBS Holdings Pte. Ltd. Subsidiary · Singapore
    • Venetian Casino Resort, LLC Subsidiary · Nevada, United States
    • Venetian Cotai Limited Subsidiary · Macau
    • Venetian Macau Limited Subsidiary · Macau
    • Venetian Orient Limited Subsidiary · Macau
    • Venetian Venture Development Intermediate II Subsidiary · George Town, Cayman Islands
    • Venetian Venture Development Intermediate Limited Subsidiary · Cayman Islands
    • Antarctica Market Neutral Fund Ltd. Fund · Road Town, British Virgin Islands

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Las Vegas Sands reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$24.9B10 Dec 31, 2025$23.8B10 Dec 31, 2024+4.4%
Accumulated depreciation$13.2B10 Dec 31, 2025$11.8B10 Dec 31, 2024+11.6%
Property and equipment, net$11.7B10 Dec 31, 2025$12.0B10 Dec 31, 2024−2.7%
Finance-lease assets$154.0M10 Dec 31, 2025$167.0M10 Dec 31, 2024−7.8%
Operating-lease assets (leased space)$44.0M10 Dec 31, 2025$48.0M10 Dec 31, 2024−8.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$3.8B10 Dec 31, 2025$3.6B10 Dec 31, 2024+5.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$103.0M10 Dec 31, 2025$102.0M10 Dec 31, 2024+1.0%
Finite-lived intangibles, net$470.0M10 Dec 31, 2025$443.0M10 Dec 31, 2024+6.1%

Inventory

ItemLatestA year beforeChange
Inventory, total$46.0M10 Dec 31, 2025$41.0M10 Dec 31, 2024+12.2%

Properties, in its own words

We have received concessions from the Macao government to build on a six-acre land site for the Sands Macao and the sites on which The Venetian Macao, The Plaza Macao and Four Seasons Macao, The Londoner Macao and The Parisian Macao are located. We do not own these land sites in Macao; however, the land concessions grant us exclusive use of the land. Land concessions in Macao generally have an initial term of 25 years with automatic extensions of 10 years thereafter in accordance with Macao law. As specified in the land concessions, we are required to pay premiums, which are either payable in a single lump sum upon acceptance of our land concessions by the Macao government or in seven semi-annual installments, as well as annual rent for the term of the land concession, which may be revised every five years by the Macao government. In October 2008, the Macao government amended our land concession to separate the retail and hotel portions of The Plaza Macao and Four Seasons Macao parcel and allowed us to subdivide the parcel into four separate components, consisting of retail; hotel/casino; an apart-hotel tower; and parking areas. In consideration for the amendment, we paid an additional land premium of approximately $18 million and will pay adjusted annual rent over the remaining term of the concession, which increased slightly due to the revised allocation of parcel use. With the expiry of VML’s subconcession on December 31, 2022, all of our casinos, gaming areas and respective supporting areas located in the Sands Macao, The Venetian Macao, The Plaza Macao and Four Seasons Macao, The Londoner Macao and The Parisian Macao, with a total area of approximately 136,000 square meters (representing approximately 4.7% of the total property area of these entities), reverted to and are owned by the Macao government. These casinos and gaming areas, as well as respective supporting areas, have been temporarily transferred to us for the duration of the Concession in exchange for an annual fee. This fee, calculated based on a price per square meter of reverted gaming area, was set at 750 patacas per square meter for the first three years and increased to 2,500 patacas for the remaining seven years (approximately $94 and $312, respectively, at exchange rates in effect on December 31, 2025). Furthermore, the fee per square meter will be subject to an annual adjustment based on the previous year’s average price index in Macao.

Under the Development Agreement with the STB, we paid SGD 1.20 billion (approximately $756 million at exchange rates in effect at the time of the transaction) in premium payments for the 60-year lease of the land on which the Marina Bay Sands is located. In connection with the Second Development Agreement with the STB, we paid $963 million in premium payments for the lease of the parcels of land underlying the proposed MBS Expansion Project site, which will be effective until August 21, 2066. In January 2025, MBS entered into the Second Supplemental Agreement whereby MBS committed to assume liability for the cost of the land premium associated with the Additional Gaming Area purchase as well as other adjustments to the land premiums resulting from the consequential changes to the allocations of gross floor area for the MBS Expansion Project since the first payment made in 2019. In April 2025, we paid SGD 1.13 billion (approximately $848 million at exchange rates in effect at the time of the transaction) for the purchase of the Additional Gaming Area. The remainder of the Additional Land Premium related to the Second Supplemental Agreement is expected to be approximately SGD 182 million (approximately $142 million at exchange rates in effect on December 31, 2025) and to be finalized during the first quarter of 2026.

Item 2 of the 10-K filed Feb 6, 2026.18

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

The story

Founded by Sheldon Adelson in 1937.1

Development on the Las Vegas Strip

Entrepreneur Sheldon G. Adelson and his partners Richard Katzeff, Irwin Chafetz, Ted Cutler, and Jordan Shapiro bought the Sands Hotel and Casino in 1989. Adelson and his partners financed their venture with investments in personal computers and trade shows, founding the computer trade show COMDEX in 1979. They opened the 1.2 million square foot Sands Expo and Convention Center, then the largest privately owned convention facility in the world, across from the hotel in 1990.

The Sands Hotel was unable to compete with newer resorts on the Las Vegas Strip and was demolished to make room for The Venetian. Construction of the Venetian began in 1997, funded by Adelson's sale of COMDEX. Modeled on Venice, Italy, it joined the ranks of themed hotels such as Excalibur, New York-New York, and Paris Las Vegas on the Las Vegas Strip. In 2004, Las Vegas Sands, Inc. went public, and its name was changed to the Las Vegas Sands Corp.

Construction on The Palazzo began in 2005. The Palazzo and The Venetian make up the world's largest hotel under one roof, at 7,000 all-suite rooms and 17 million square feet. The 43-story unfinished condominium skyscraper St. Regis Residences at the Venetian Palazzo is on the same campus. Construction halted in 2008 due to company financial issues.

The 2008 financial crisis forced Adelson to invest $1 billion of his own capital to keep the Las Vegas Sands in business, much of which the company spent developing event spaces and high-end retail stores in their properties By 2011, the Las Vegas Sands Corp.'s main profits came from renting convention space.

Expansion into Asia

The company soon recognized new commercial opportunities in Asia, specifically in Macau, the only Special Administrative Region of China where gambling is legal. Las Vegas Sands Corp., along with Wynn Resorts and Galaxy Entertainment Group, was one of the first to be granted a casino operating concession. Sands Macao resort, Macau's first American-operated casino, opened in 2004.

Las Vegas Sands Corp.'s future Macau properties were largely in Cotai, a district of reclaimed land created through public works projects and designated for hotels and casinos. The Venetian Macao, the second-largest in the world at 550,000 square feet, opened in 2007.

In 2008, Las Vegas Sands opened a Four Seasons hotel adjacent to the Venetian Macao. It was followed by The Londoner Macao, originally branded Sands Cotai Central, and The Parisian Macao.

Development plans proceeded in 2010 for Marina Bay Sands resort in Singapore, at $5.6 billion the most expensive hotel and casino ever built. The resort was designed by Israeli-Canadian architect Moshe Safdie and is composed of three 57-story towers connected at the top by a 3-acre SkyPark(R). The integrated resort was the second built in Singapore after Resorts World Sentosa. Eight months after opening, Marina Bay Sands set a record for posting a $600 million operating profit.

Read the full text

In September 2012, the Las Vegas Sands Corp. announced that Madrid had been chosen as destination for a casino resort project dubbed EuroVegas in an attempt to expand outside of Asia. In February 2013, the company named the town of Alcorcón, on the outskirts of Madrid, as the site for the EuroVegas project. Plans included six casinos, twelve hotels, a convention center, three golf courses, shopping centers, bars, and restaurants, and was expected to take 10 years to build. In December 2013 the EuroVegas project was officially canceled.

Recent history

In 2015, the Las Vegas Sands Corp. and California-based co-developer California-based Majestic Realty Co. proposed a $1.2 billion 65,000-seat stadium located near The Strip for the Oakland Raiders football team. The proposal required $420 million from private investors and $780 million in public funding, primarily from tourism. Despite Las Vegas Sands withdrawing from the project, the Raiders eventually moved into the stadium after relocating from Oakland.

The company's 2018 annual report anticipated "a significant and adverse effect" from the "proliferation of gaming venues, particularly in Southeast Asia."

In May 2019, the company sold Sands Bethlehem to the Poarch Band of Creek Indians for $1.3 billion, and it was renamed Wind Creek Bethlehem.

Las Vegas Sands was one of multiple bidders trying to open a commercial casino in Downstate New York. Las Vegas Sands had proposed building Sands New York, an integrated resort at the Nassau Coliseum site in Uniondale, New York, but withdrew their bid in April of 2025 due to the threat of New York legalizing online gambling. In the event that the state of Texas legalizes casinos, Las Vegas Sands hopes to build an integrated resort in Irving at the former site of Texas Stadium. Following backlash towards the project, Sands withdrew the casino component of the project. Las Vegas Sands confirmed that they are interested in developing an integrated resort in Thailand following the withdrawal of the Entertainment Complex Bill but stated that Thailand needed a clear framework if they were to legalize gambling.

In July 2025, Las Vegas Sands broke ground on an expansion of the Marina Bay Sands in Singapore which will be completed by 2031. The expansion will include a separate fourth hotel tower, an arena and added convention space.

In February 2026, Las Vegas Sands announced the appointment of Patrick Dumont as its new CEO and chairman, ahead of Robert Goldstein stepping down.

From Wikipedia’s article on Las Vegas Sands, shared under CC BY-SA 4.0.7

Leadership

Who has led Las Vegas Sands, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Sheldon Adelson2006–2009
  2. Thomas Arasi2009–2011
  3. Edward M. Tracy2011
  4. George Tanasijevich2011–2016
  5. Michael A. Leven2012
  6. George M. Markantonis2015
  7. Patrick Dumont2026–now

Chair

  1. Sheldon Adelson2006–2020
  2. Patrick Dumont2026–now

President

  1. William P. Weidner2006–2009
  2. Michael A. Leven2009–2014
  3. John Caparella2011
  4. Patrick Dumont2021–now

Chief financial officer

  1. Scott D. Henry2006
  2. Robert P. Rozek2006–2008
  3. Kenneth J. Kay2008–2013
  4. Patrick Dumont2016–2019
  5. Randy Hyzak2021–now

Chief operating officer

  1. William P. Weidner2006–2009
  2. Michael A. Leven2009–2014
  3. John Caparella2013–2014
  4. George M. Markantonis2015
  5. Patrick Dumont2021–now
197019801990200020102020
Board members and other officers (39)

Products and brands

  • resort

Listed on Wikidata.1

Las Vegas Sands operates private aircraft used primarily for charter transportation of executive directors and VIP guests of its properties. The Las Vegas Sands fleet is leased for charter purposes by Tradenda Capital AG (Lichtenstein), whose portfolio of companies includes Sands Aviation LLC and Interface Aviation LLC, the latter of which handles the personal affairs of the Adelson family. All operational Las Vegas Sands aircraft are based in Las Vegas at Harry Reid International Airport. The fleet includes the following aircraft (as of May 2025):

From Wikipedia’s article on Las Vegas Sands, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Owners

Subsidiaries

Also owns

Subsidiaries (Exhibit 21)

  • LVS (Nevada) International Holdings, Inc. Nevada8
  • Las Vegas Sands, LLC Nevada8
  • MBS Holdings Pte. Ltd. Singapore8
  • Marina Bay Sands Pte. Ltd. Singapore8
  • Venetian Casino Resort, LLC Nevada8
  • Venetian Cotai Limited Macao8
  • Venetian Macau Limited Macao8
  • Venetian Orient Limited Macao8
  • Venetian Venture Development Intermediate II Cayman Islands8
  • Venetian Venture Development Intermediate Limited Cayman Islands8

From Wikidata.1 The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Jul 22, 20268-K Results of operations76
  2. May 18, 20268-K Shareholder vote77
  3. May 13, 20268-K Entered a material agreement; New debt or obligation78
  4. May 5, 20268-K Other events79
  5. Apr 22, 20268-K Results of operations80
  6. Mar 19, 2026New chief executive Patrick Dumont becomes CEO19
  7. Mar 5, 20268-K Executive or director change81
  8. Feb 13, 20268-K Executive or director change; Regulation FD disclosure; Other events82
  9. Jan 28, 20268-K Results of operations83
  10. Oct 27, 20258-K Other events84
  11. Oct 22, 20258-K Results of operations85
  12. Aug 11, 20258-K Other events86
  13. Jul 23, 20258-K Results of operations87
  14. Mar 27, 2015New chief executive George M. Markantonis becomes CEO20
  15. Nov 15, 2012New chief executive Michael A. Leven becomes CEO21
  16. Aug 5, 2011New chief executive George Tanasijevich becomes CEO23
  17. Aug 5, 2011New chief executive Edward M. Tracy becomes CEO22
  18. Sep 14, 2009New chief executive Thomas Arasi becomes CEO24
  19. Feb 10, 2006New chief executive Sheldon Adelson becomes CEO1
  20. Dec 15, 2004Went public Listed on NYSE1
  21. 1937Founded Founded1

Calendar

Coming up

  1. Oct 21, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.78 a share, on Oct 22, 2025.88

When it reported results

  1. Jul 22, 2026Reported quarterly or annual results76
  2. Apr 22, 2026Reported quarterly or annual results80
  3. Jan 28, 2026Reported quarterly or annual results83
  4. Oct 22, 2025Reported quarterly or annual results85
  5. Jul 23, 2025Reported quarterly or annual results87
  6. Apr 23, 2025Reported quarterly or annual results89
  7. Jan 29, 2025Reported quarterly or annual results90
  8. Oct 23, 2024Reported quarterly or annual results91

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

309 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 71 major events, 133 insider forms, 15 large holders, 70 other. The latest 20:

  1. Sep 2, 20264 EDGAR
  2. Aug 11, 2026SCHEDULE 13D/A EDGAR
  3. Jul 24, 202610-Q EDGAR
  4. Jul 22, 20268-K EDGAR
  5. Jun 18, 20264 EDGAR
  6. Jun 18, 2026SCHEDULE 13D/A EDGAR
  7. May 27, 2026144 EDGAR
  8. May 18, 20264 EDGAR
  9. May 18, 20264 EDGAR
  10. May 18, 20264 EDGAR
  11. May 18, 20264 EDGAR
  12. May 18, 20264 EDGAR
  13. May 18, 20264 EDGAR
  14. May 18, 20264 EDGAR
  15. May 18, 20268-K EDGAR
  16. May 13, 20268-K EDGAR
  17. May 5, 2026424B2 EDGAR
  18. May 5, 20268-K EDGAR
  19. May 5, 2026FWP EDGAR
  20. May 4, 2026424B5 EDGAR

The 309 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

33 open-market trades by officers, directors and large owners since October 2021: 1 buys and 32 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Apr 27, 2026Forman Charles DDirectorSale11,400$54.09$616.6KForm 4
Mar 17, 2026Dumont PatrickChairman & CEOSale60,165$54.75$3.3MForm 4
Dec 17, 2025Goldstein Robert GChairman & CEOSale1,198,650$66.68$79.9MForm 4
Dec 16, 2025Goldstein Robert GChairman & CEOSale51,350$67.58$3.5MForm 4
Dec 16, 2025Adelson Miriam10% ownerSale77,991$67.56$5.3MForm 4
Dec 15, 2025Goldstein Robert GChairman & CEOSale734,511$66.80$49.1MForm 4
Dec 12, 2025Goldstein Robert GChairman & CEOSale15,489$66.24$1.0MForm 4
Dec 11, 2025Goldstein Robert GChairman & CEOSale382,905$66.39$25.4MForm 4
Dec 10, 2025Goldstein Robert GChairman & CEOSale17,095$67.03$1.1MForm 4
Dec 3, 2025Dumont PatrickChairman & CEOSale135,603$67.97$9.2MForm 4
Dec 2, 2025Dumont PatrickChairman & CEOSale17,352$68.97$1.2MForm 4
Dec 1, 2025Hudson D. ZacharyEVP and Global General CounselSale53,257$70.37$3.7MForm 4
Dec 1, 2025Dumont PatrickChairman & CEOSale210,305$69.96$14.7MForm 4
Dec 1, 2025Chafetz IrwinDirectorSale30,000$69.76$2.1MForm 4
Dec 1, 2025Goldstein Robert GChairman & CEOSale100,000$70.17$7.0MForm 4
Nov 25, 2025Hyzak RandyEVP & CFOSale57,545$66.45$3.8MForm 4
Nov 7, 2025Hudson D. ZacharyEVP and Global General CounselSale100,000$64.99$6.5MForm 4
Nov 6, 2025Goldstein Robert GChairman & CEOSale360,000$63.05$22.7MForm 4
Nov 5, 2025Goldstein Robert GChairman & CEOSale40,000$62.98$2.5MForm 4
Oct 31, 2025Goldstein Robert GChairman & CEOSale400,000$59.20$23.7MForm 4

All 33 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Chairman of the Boardand Chief Executive Officer$3.0M$31.1M95
2025President and ChiefOperating Officer$2.5M$18.3M95
2025Executive Vice Presidentand Chief Financial Officer$1.2M$5.2M95
2024Chairman of the Boardand Chief Executive Officer$3.0M$21.9M95
2024President and ChiefOperating Officer$2.5M$17.8M95
2024Executive Vice Presidentand Chief Financial Officer$1.2M$4.7M95
2023Chairman of the Boardand Chief Executive Officer$3.0M$21.9M95
2023President and ChiefOperating Officer$2.5M$17.4M95
2023Executive Vice Presidentand Chief Financial Officer$1.2M$4.5M95

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.24,844,440$1.1B0.0%−1,317,841
Vanguard Capital Management LLC19,446,065$898.2M0.0%−192,334
Vanguard Portfolio Management LLC18,645,697$861.2M0.0%+261,454
State Street Corp15,159,570$700.2M0.0%+919,452
D. E. Shaw & Co., Inc.9,052,131$418.1M0.3%+514,715
Invesco Ltd.8,851,302$408.8M0.0%+1,436,501
Geode Capital Management, LLC8,204,874$377.5M0.0%−249,956
Arrowstreet Capital, Limited Partnership7,384,543$341.1M0.2%−1,198,419
Bank of New York Mellon Corp6,613,940$305.5M0.1%−252,175
Aqr Capital Management LLC5,804,100$267.5M0.1%−1,747,781
Allianz Asset Management GmbH3,372,253$181.7M0.2%+48
Morgan Stanley3,903,863$180.3M0.0%−88,551
Dimensional Fund Advisors LP3,840,468$177.4M0.0%+60,202
Jacobs Levy Equity Management, Inc3,786,633$174.9M0.6%+1,065,700
Bamco Inc /ny/3,784,278$174.8M0.3%+2,557,848
Norges Bank3,738,233$172.7M0.0%New
Amundi3,281,533$151.6M0.0%+416,744
Ameriprise Financial Inc3,247,121$150.0M0.0%+1,760,352
Northern Trust Corp3,172,181$146.5M0.0%+328,670
Two Sigma Investments, LP3,054,162$141.1M0.1%−1,117,699
Royal Bank Of Canada2,544,627$117.5M0.0%+801,541
Goldman Sachs Group Inc2,466,828$113.9M0.0%+696,965
Manufacturers Life Insurance Company, The2,325,334$107.4M0.1%−712,359
Worldquant Millennium Advisors LLC2,078,240$96.0M0.3%+76,833
Charles Schwab Investment Management Inc1,912,066$88.3M0.0%−51,840

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

9 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
May 8, 2025Julia LetlowRepublican, HouseSale$1,001 - $15,000+40.2%Report
Apr 1, 2025Julie JohnsonDemocratic, HouseSale$1,001 - $15,000+39.7%Report
Oct 23, 2024Julia LetlowRepublican, HouseBuy$1,001 - $15,000−58.5%Report
Nov 10, 2023John JamesRepublican, HouseBuy$1,001 - $15,000−94.9%Report
Aug 7, 2020Josh GottheimerDemocratic, HouseSale$1,001 - $15,000+144.0%Report
Apr 27, 2020Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000+186.2%Report
Apr 2, 2020Dean Phillips, HouseBuy$1,001 - $15,000−211.3%Report
Mar 27, 2020John R. CurtisRepublican, HouseBuy$1,001 - $15,000−213.5%Report
Mar 18, 2020Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−219.9%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Las Vegas Sands is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARLAS VEGAS SANDS CORP2
  • CIK0001300514
  • Employer ID (EIN)27-009992018
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company18
  • Incorporated inNevada18
  • Fiscal year endsDecember 312
  • Industry code (SIC)7011 Hotels & Motels2
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance2
  • Business address5420 S. Durango Drive, Las Vegas, NV 891132
  • Phone702-923-90002
  • Shares outstanding647,701,184 as of Jul 22, 202616
  • Public float$13.0B as of Jun 30, 202518
  • AuditorDeloitte & Touche LLP, Las Vegas, Nevada PCAOB ID 34; it also attests to the company’s internal control over financial reporting18
  • On EDGAR sinceSep 3, 20042
  • Filings1,373 in all: 4 (570), 8-K (361), 10-Q (65), 3 (57), 5 (48), UPLOAD (33), 144 (23), CORRESP (23)2
    All 45 form types

    10-K (22), DEF 14A (22), DEFA14A (20), SC 13G/A (16), ARS (13), SC 13D/A (12), 8-K/A (10), 424B2 (7), 424B5 (7), FWP (6), S-1/A (6), S-3ASR (6), SC 13G (6), SCHEDULE 13D/A (4), SCHEDULE 13G/A (4), 4/A (3), 424B3 (3), S-8 (3), 424B4 (2), 424B7 (2), S-1 (2), SEC STAFF LETTER (2), 10-K/A (1), 305B2 (1), 5/A (1), 8-A12B (1), CERTNYS (1), DEF 14C (1), DEFR14A (1), NT 10-K (1), NT 10-Q (1), POSASR (1), PRE 14A (1), PRE 14C (1), S-4 (1), SC 13D (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Feb 6, 2026
    Quarterly report (10-Q) Jul 24, 2026
    Proxy statement (DEF 14A) Apr 1, 2026
    Latest 8-K (8-K) Jul 22, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock ($0.001 par value)LVSNew York Stock Exchange

From the cover page of the 10-K filed Feb 6, 2026 (Section 12(b) of the Exchange Act).18

Risk factors and legal proceedings

The risks Las Vegas Sands names in Item 1A of its 10-K filed Feb 6, 2026: 34 risks under these headings, as written.18

  • Risks Related to Our Business
  • Risks Associated with Our International Operations
  • Risks Related to Doing Business in China
  • Risks Related to Stock Ownership and Stockholder Matters
  • Human Capital Related Risk Factors
  • General Risk Factors
  • Our business is particularly sensitive to reductions in discretionary consumer and corporate spending as a result of downturns in the economy.
  • Natural or man-made disasters, an outbreak of highly infectious or contagious disease, political instability, civil unrest, terrorist activity or war could materially adversely affect the number of visitors to our facilities and disrupt our operations.
  • Our business is sensitive to the willingness of our customers to travel.
  • We are subject to extensive regulations that govern our operations in any jurisdiction where we operate.
  • Certain local gaming laws apply to our gaming activities and associations in jurisdictions where we operate or plan to operate.
  • We depend primarily on our properties in two markets for all of our cash flow, and because we are a parent company, our primary source of cash is and will be distributions from our subsidiaries.
The other 28 risks
  • Our debt instruments, current debt service obligations and substantial indebtedness may restrict our current and future operations.
  • We are subject to fluctuations in foreign currency exchange rates.
  • We extend credit to a portion of our patrons, and we may not be able to collect gaming receivables from our credit patrons.
  • Win rates for our gaming operations depend on a variety of factors, some beyond our control, and the winnings of our gaming patrons could exceed our casino winnings.
  • We face the risk of fraud and cheating.
  • Our operations face significant competition, which may increase in the future.
  • Our attempts to expand our business into new markets and new ventures, including through acquisitions or strategic transactions, may not be successful.
  • Our loan receivable is subject to certain risks, which could materially adversely affect our financial position, results of operations and cash flows.
  • There are significant risks associated with our current and planned construction projects.
  • Our Macao Concession and Singapore development agreements and casino license can be terminated or redeemed under certain circumstances without compensation to us.
  • The number of visitors to our Integrated Resorts, particularly visitors from mainland China, may decline or travel may be disrupted.
  • The Macao and Singapore governments could grant additional rights to conduct gaming in the future and increase competition we face.
  • Conducting business in Macao and Singapore has certain political and economic risks.
  • Our tax arrangements with the Macao government may not be extended on terms favorable to us or at all beyond their expiration dates.
  • We are subject to limitations on the transfers of cash to and from our subsidiaries, limitations of the pataca and HKD exchange markets and restrictions on the export of the Renminbi.
  • Our business, financial condition and results of operations and/or the value of our securities or our ability to offer or continue to offer securities to investors may be materially and adversely affected to the extent the laws and regulations of mainland China become applicable to our operations in Macao and Hong Kong or economic, political and legal developments in Macao adversely affect our Macao operations.
  • The interests of our principal stockholders in our business may be different from yours.
  • Conflicts of interest may arise because certain of our directors and officers are also directors of SCL.
  • We depend on the continued services of key personnel.
  • We compete for limited management and labor resources in Macao and Singapore, and policies of those governments may also affect our ability to employ imported managers or labor.
  • Failure to maintain the integrity of our information and information systems or comply with applicable privacy and cybersecurity requirements and regulations could harm our reputation and adversely affect our business.
  • We may fail to establish and protect our IP rights and could be subject to claims of IP infringement.
  • The licensing of our trademarks to third parties could result in reputational harm for us.
  • Our insurance coverage may not be adequate to cover all possible losses that our properties could suffer, and our insurance costs may increase in the future.
  • We are subject to changes in tax laws and regulations.
  • Because we own real property, we are subject to environmental regulation.
  • We are subject to risks from litigation, investigations, enforcement actions and other disputes.
  • We could be negatively impacted by environmental, social and governance and sustainability matters.

Legal proceedings

For a discussion of legal proceedings, see “Part II — Item 8 — Financial Statements and Supplementary Data — Notes to Consolidated Financial Statements — Note 16 — Commitments and Contingencies — Litigation.”

The opening of Item 3, Legal Proceedings.18

Sources

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