Las Vegas Sands
Las Vegas Sands Corp. is a leading global developer and operator of high-end Integrated Resorts that combine luxury accommodations with gaming, entertainment, and extensive commercial facilities. The company focuses on creating large-scale destination properties that serve as major hubs for both leisure tourism and business conventions in key Asian markets. Its value proposition centers on a multi-faceted business model that integrates gaming revenue with premium non-gaming amenities like retail malls and MICE facilities.
Financials
Based on Q1 2026 filing
Revenue
View metricGross Profit
View metricNet Income
View metricOperating Cash Flow
View metricFree Cash Flow
View metricEPS (Diluted)
View metricBusiness Segments
Gaming Operations
primaryThe company's core revenue driver, featuring mass market, premium mass, and VIP gaming services. Facilities include public gaming floors and exclusive private gaming salons for high-net-worth individuals.
Paiza, Private gaming salons, Table games, Slot machines
Mass market players, Premium mass players, VIP patrons, High-net-worth individuals
Hotel and Hospitality
majorLuxury accommodations and premium hospitality services integrated within the resort properties. This includes celebrity chef restaurants, lounges, and high-end guest suites.
The Venetian Macao, The Londoner Macao, The Parisian Macao, Four Seasons Hotel Macao, Marina Bay Sands
Leisure travelers, Business travelers, Luxury consumers
MICE (Meetings, Incentives, Conventions, and Exhibitions)
moderateExtensive convention and trade show facilities designed to attract large-scale business events and professional gatherings. These facilities drive mid-week visitation and high-value business tourism.
Convention centers, Exhibition halls, Meeting rooms
Corporations, Trade associations, Event organizers
Retail and Mall Operations
moderateOwnership and management of luxury retail malls within the Integrated Resorts, featuring a diverse mix of international brands and retail tenants.
Shoppes at Venetian, Shoppes at Londoner, Retail mall leasing
Retail tenants, Luxury shoppers, Resort visitors
Segment Financials
Singapore — Additional gaming area purchased
View metricPaiza Mansion — Number of hotel rooms
View metricMeetings, Incentives, Conferences and Exhibition Facilities — Area of real estate property
View metricMacao — Non-gaming financial concession commitment
View metricMacao — CapEx
View metricRetail — Area of real estate property
View metricRetail And Dining Space — Area of real estate property
View metricBusiness Overview
Competitive Position
A dominant global leader in the Integrated Resort industry with a significant footprint in the high-growth Asian gaming markets.
Geographies
Macao, Singapore, China
Customer Segments
Mass market, Premium mass, VIP/High-net-worth, Business and MICE travelers
Upstream Dependencies
Gaming equipment manufacturers, Food and beverage suppliers, Construction and architectural firms, Energy and utility providers
Downstream Customers
Individual leisure travelers, Corporate event planners, Luxury retail brands, Junket operators
Competitors & Partners
Partners
Four Seasons Hotels and Resorts
Luxury hotel brand partner for the Four Seasons Hotel Macao
Subsidiaries
The Venetian Macao
Integrated resort property in Macao
Marina Bay Sands
Integrated resort property in Singapore
Las Vegas Sands FAQ
Common questions about Las Vegas Sands
Las Vegas Sands Corp. is a leading global developer and operator of high-end Integrated Resorts that combine luxury accommodations with gaming, entertainment, and extensive commercial facilities. The company focuses on creating large-scale destination properties that serve as major hubs for both leisure tourism and business conventions in key Asian markets. Its value proposition centers on a multi-faceted business model that integrates gaming revenue with premium non-gaming amenities like retail malls and MICE facilities.
Las Vegas Sands (LVS) has a market capitalization of $33.6B and trades on NYSE.
Las Vegas Sands generated $13.7B in trailing twelve-month revenue with net income of $1.8B, representing a net margin of 13.4%, with free cash flow of $2.2B. These figures are based on the Q1 2026 filing.
Las Vegas Sands's key competitors include Wynn Resorts, Limited, MGM Resorts International. These companies compete in similar markets and product categories.
Las Vegas Sands has approximately 38,700 employees.