Las Vegas Sands
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Las Vegas Sands Corp. NYSE: [LVS]
Las Vegas Sands corporate holdings include:
- The Venetian in Las Vegas.
- Sands Macau a casino in Macau, China.
- The Marina Bay Sands in Singapore,with a planned opening in 2009.
- Sands Expo and Convention Center in Las Vegas.
- The Palazzo under construction in Las Vegas, with a planned opening in 2007.
- The Venetian Macao under construction in Macau, with a planned opening in 2007.
History
The company was the owner and operator of the original Sands Hotel, which was demolished in 1996 to make room for The Venetian, which opened in 1999.Future
In September 2005, the company entered into an agreement with the city of Zhuhai, Guangdong, China to develop a 1,300 acre resort destination on Hengqin Island.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.
Ownership and stock
Approximately 90% of LVS stock is held by company insiders, with CEO Sheldon Adelson presently owning approximately 65%. As of May 2005, the company's market capitalization was $14 billion.External links
- [Corporate site]
- [Yahoo! Las Vegas Sands company profile]
- [Forbes.com: Fortunes That Roared in 2004]
- [Won Marina Bay IR, Singapore] - local Newspapers on 27 May 2006
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