# LAS VEGAS SANDS CORP

Summary updated: 2026-09-28T12:34:00.954519Z
Canonical: https://finbar.com/research/companies/las-vegas-sands

## Overview

Las Vegas Sands Corp. develops and operates integrated resorts in the hospitality and gaming sector. Its properties combine casinos and hotels with dining, entertainment, retail, and convention and exhibition facilities. The company’s operating presence is concentrated in Macao and Singapore, where it operates five resorts in Macao and Marina Bay Sands in Singapore. [1](https://app.finbar.com/go?id=P31718467)[2](https://app.finbar.com/go?id=P62460307)[3](https://app.finbar.com/go?id=P85547686)

Las Vegas Sands states that its mission is to develop and operate destination properties that attract tourism and generate economic impact. In 2025, it reported $13.0 billion in net revenue and approximately 41,500 employees worldwide. [4](https://www.sands.com/company/about-las-vegas-sands/)[5](https://app.finbar.com/go?id=P68115186)[6](https://app.finbar.com/go?id=P4629538)
[1](https://app.finbar.com/go?id=P31718467)[2](https://app.finbar.com/go?id=P62460307)[3](https://app.finbar.com/go?id=P85547686)[5](https://app.finbar.com/go?id=P68115186)[6](https://app.finbar.com/go?id=P4629538)[4](https://www.sands.com/company/about-las-vegas-sands/)

## Products & services

Las Vegas Sands offers casino gaming, hotel accommodation, dining, shopping, conventions and entertainment at its integrated resorts in Macao and Singapore. Its casinos provide table games and slot machines or electronic table games. Casino operations generated approximately 75% of the company’s 2025 net revenue; rooms, food and beverage, malls, and convention, retail and other services accounted for the remainder. [7](https://app.finbar.com/go?id=P13316968)[5](https://app.finbar.com/go?id=P68115186)

In Macao, The Venetian Macao offers an all-suite hotel, casino, retail space, restaurants, convention facilities and the 14,000-seat Venetian Arena. The Londoner Macao adds branded hotel accommodation, meeting space, a theater and a 6,000-seat arena; The Parisian Macao includes a half-scale Eiffel Tower with a viewing platform and restaurant. The company also operates Cotai Water Jet ferry service between Hong Kong and Macao. [8](https://app.finbar.com/go?id=P57184993)[9](https://app.finbar.com/go?id=P58541353)[10](https://app.finbar.com/go?id=P85321935)[11](https://app.finbar.com/go?id=P34863055)

In Singapore, Marina Bay Sands combines casino gaming and hotel rooms with retail and dining, the ArtScience Museum, a theater and approximately 1.2 million square feet of meeting and convention space. Its SkyPark includes a 150-meter infinity pool. [12](https://app.finbar.com/go?id=P38604856)
[7](https://app.finbar.com/go?id=P13316968)[5](https://app.finbar.com/go?id=P68115186)[8](https://app.finbar.com/go?id=P57184993)[9](https://app.finbar.com/go?id=P58541353)[10](https://app.finbar.com/go?id=P85321935)[11](https://app.finbar.com/go?id=P34863055)[12](https://app.finbar.com/go?id=P38604856)

## Geographic presence

Las Vegas Sands’ operating resorts are concentrated in Macao and Singapore. In Macao, its properties include The Venetian Macao, The Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Macao, and Sands Macao; several are located on the Cotai Strip. In Singapore, it owns and operates Marina Bay Sands. [2](https://app.finbar.com/go?id=P62460307)[8](https://app.finbar.com/go?id=P57184993)[9](https://app.finbar.com/go?id=P58541353)[3](https://app.finbar.com/go?id=P85547686)

In 2025, Macao generated $7.43 billion, or about 57% of consolidated net revenue, while Singapore generated $5.58 billion, or about 43%. These figures describe where the company operates, rather than where its customers reside. Its principal executive office is in Las Vegas, Nevada. [13](https://app.finbar.com/go?id=T13120234)[14](https://app.finbar.com/go?id=P37594879)
[2](https://app.finbar.com/go?id=P62460307)[8](https://app.finbar.com/go?id=P57184993)[9](https://app.finbar.com/go?id=P58541353)[3](https://app.finbar.com/go?id=P85547686)[13](https://app.finbar.com/go?id=T13120234)[13](https://app.finbar.com/go?id=T13120234)[13](https://app.finbar.com/go?id=T13120234)[14](https://app.finbar.com/go?id=P37594879)

## Business segments

Las Vegas Sands reports six property-level segments: The Venetian Macao, The Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Macao, Sands Macao, and Marina Bay Sands in Singapore. The five Macao segments are integrated resorts with gaming and hotel operations; several also include retail, dining, entertainment and convention facilities. Marina Bay Sands combines a casino and hotel with retail, dining, entertainment and convention space. The company does not aggregate these properties into two reportable segments: “Total Macao” is a grouping in its segment results. [15](https://app.finbar.com/go?id=P97103524)[2](https://app.finbar.com/go?id=P62460307)[12](https://app.finbar.com/go?id=P38604856)
[15](https://app.finbar.com/go?id=P97103524)[2](https://app.finbar.com/go?id=P62460307)[12](https://app.finbar.com/go?id=P38604856)[13](https://app.finbar.com/go?id=T13120234)[13](https://app.finbar.com/go?id=T13120234)[13](https://app.finbar.com/go?id=T13120234)[13](https://app.finbar.com/go?id=T13120234)[13](https://app.finbar.com/go?id=T13120234)[13](https://app.finbar.com/go?id=T13120234)[13](https://app.finbar.com/go?id=T13120234)[13](https://app.finbar.com/go?id=T13120234)[13](https://app.finbar.com/go?id=T13120234)

## Company history

Las Vegas Sands traces its origins to Sheldon Adelson’s purchase of the Sands Hotel in 1989. The hotel was demolished in 1996 to make way for The Venetian Las Vegas, which opened in 1999 and established the company’s integrated-resort model. [16](https://www.sands.com/news/the-venetian-las-vegas-the-first-integrated-resort/)

The company expanded into Macao with the opening of Sands Macao in 2004, the same year it went public. The Venetian Macao followed in 2007, and Marina Bay Sands opened in Singapore in 2010. [17](https://www.sandschina.com/the-company/company-information/press-release/2024-05-16/sands-macao-20th.html)[18](https://www.sec.gov/Archives/edgar/data/1300514/000095014204004377/ex991_form8k-lsvc121404.txt)[19](https://www.sandschina.com/properties/the-venetian-macao.html)[20](https://www.sands.com/news/marina-bay-sands-and-the-venetian-macao-among-the-worlds-nine-most-gorgeous-casinos/) Following Adelson’s death in 2021, Robert Goldstein became chairman and chief executive officer. In 2022, Las Vegas Sands completed the sale of its Las Vegas resort and convention properties, ending its ownership of the properties on which it had built its name. [21](https://app.finbar.com/go?id=P22086237)[22](https://app.finbar.com/go?id=P103188264)[23](https://app.finbar.com/go?id=P168737)
[21](https://app.finbar.com/go?id=P22086237)[22](https://app.finbar.com/go?id=P103188264)[23](https://app.finbar.com/go?id=P168737)[16](https://www.sands.com/news/the-venetian-las-vegas-the-first-integrated-resort/)[17](https://www.sandschina.com/the-company/company-information/press-release/2024-05-16/sands-macao-20th.html)[18](https://www.sec.gov/Archives/edgar/data/1300514/000095014204004377/ex991_form8k-lsvc121404.txt)[19](https://www.sandschina.com/properties/the-venetian-macao.html)[20](https://www.sands.com/news/marina-bay-sands-and-the-venetian-macao-among-the-worlds-nine-most-gorgeous-casinos/)

## Sources

1. [LAS VEGAS SANDS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P31718467)
2. [LAS VEGAS SANDS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P62460307)
3. [LAS VEGAS SANDS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P85547686)
4. [www.sands.com](https://www.sands.com/company/about-las-vegas-sands/)
5. [LAS VEGAS SANDS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P68115186)
6. [LAS VEGAS SANDS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P4629538)
7. [LAS VEGAS SANDS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P13316968)
8. [LAS VEGAS SANDS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P57184993)
9. [LAS VEGAS SANDS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P58541353)
10. [LAS VEGAS SANDS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P85321935)
11. [LAS VEGAS SANDS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P34863055)
12. [LAS VEGAS SANDS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P38604856)
13. [LAS VEGAS SANDS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=T13120234)
14. [LAS VEGAS SANDS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P37594879)
15. [LAS VEGAS SANDS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P97103524)
16. [www.sands.com](https://www.sands.com/news/the-venetian-las-vegas-the-first-integrated-resort/)
17. [www.sandschina.com](https://www.sandschina.com/the-company/company-information/press-release/2024-05-16/sands-macao-20th.html)
18. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1300514/000095014204004377/ex991_form8k-lsvc121404.txt)
19. [www.sandschina.com](https://www.sandschina.com/properties/the-venetian-macao.html)
20. [www.sands.com](https://www.sands.com/news/marina-bay-sands-and-the-venetian-macao-among-the-worlds-nine-most-gorgeous-casinos/)
21. [LAS VEGAS SANDS CORP — Full financial report (2021 Y)](https://app.finbar.com/go?id=P22086237)
22. [LAS VEGAS SANDS CORP — Full financial report (2021 Y)](https://app.finbar.com/go?id=P103188264)
23. [LAS VEGAS SANDS CORP — Full financial report (2022 Y)](https://app.finbar.com/go?id=P168737)

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