Financial Performance - Net Revenue of $2.96 billion and Net Income of $583 million for Q1 2024[2] - Sands China Ltd. (SCL) reported a 42% increase in total net revenues to $1.80 billion compared to Q1 2023[6] - Net revenues for March 2024 increased to $2.959 billion, up from $2.120 billion in March 2023, representing a 39.6% year-over-year growth[30] - Casino revenues grew to $2.228 billion in March 2024, a 44.6% increase compared to $1.541 billion in March 2023[30] - Net income attributable to Las Vegas Sands Corp. rose to $494 million in March 2024, a 236.1% increase from $147 million in March 2023[30] - Adjusted net income attributable to LVS increased to $566 million in March 2024, up from $217 million in March 2023, representing a 160.8% growth[39] - The Venetian Macao's net revenues increased to $771 million in March 2024 from $558 million in March 2023, a 38.2% increase[50] - The Londoner Macao's net revenues surged to $562 million in March 2024 from $283 million in March 2023, a 98.6% increase[53] - The Parisian Macao's net revenues rose to $230 million in March 2024 from $174 million in March 2023, a 32.2% increase[56] - The Plaza Macao and Four Seasons Macao reported a decrease in net revenues from $172 million in 2023 to $142 million in March 2024, a decline of $30 million[59] - Sands Macao saw a slight increase in net revenues from $74 million in 2023 to $76 million in March 2024, with Adjusted Property EBITDA rising from $10 million to $12 million[62] - Marina Bay Sands experienced a substantial increase in net revenues from $848 million in 2023 to $1,158 million in March 2024, driven by a $266 million rise in casino revenues[65] Adjusted Property EBITDA - Consolidated Adjusted Property EBITDA reached $1.21 billion, with Macao contributing $610 million and Marina Bay Sands contributing $597 million[2] - Adjusted Property EBITDA for March 2024 reached $1.207 billion, a 52.4% increase from $792 million in March 2023[33] - The Venetian Macao's Adjusted Property EBITDA margin improved to 40.7% in March 2024, up from 37.6% in March 2023[33] - Marina Bay Sands' Adjusted Property EBITDA margin increased to 51.6% in March 2024, compared to 46.5% in March 2023[33] - The Venetian Macao's adjusted property EBITDA increased to $314 million in March 2024 from $210 million in March 2023, a 49.5% increase[50] - Adjusted Property EBITDA for The Plaza Macao and Four Seasons Macao dropped from $75 million in 2023 to $36 million in March 2024, with the EBITDA margin decreasing from 43.6% to 25.4%[59] - Adjusted Property EBITDA for Marina Bay Sands surged from $394 million in 2023 to $597 million in March 2024, with the EBITDA margin improving from 46.5% to 51.6%[65] Capital and Debt Management - The company repurchased $450 million of common stock during the quarter, with $1.05 billion remaining under the share repurchase program[10] - Capital expenditures totaled $196 million, including $99 million at Marina Bay Sands and $90 million in Macao[12] - Unrestricted cash balances as of March 31, 2024, were $4.96 billion, with $4.43 billion available for borrowing under credit facilities[11] - Total debt outstanding, excluding finance leases and financed purchases, was $13.94 billion as of March 31, 2024[11] - The weighted average borrowing cost decreased to 5.0% in Q1 2024 from 5.4% in Q1 2023[7] Dividends and Shareholder Returns - The company paid a quarterly dividend of $0.20 per common share and announced the next dividend payment for May 15, 2024[10] Tax and Financial Ratios - The effective income tax rate for Q1 2024 was 2.8%, significantly lower than the 25.6% rate in the prior year quarter[9] Casino and Table Games Performance - Hold-adjusted win percentage had a negative impact of $47 million on net revenues in March 2024, compared to a positive impact of $1 million in March 2023[43] - The Venetian Macao's table games win per unit per day increased to $10,901 in March 2024 from $8,576 in March 2023, a 27.1% increase[47] - The Londoner Macao's table games win per unit per day surged to $10,671 in March 2024 from $5,378 in March 2023, a 98.4% increase[47] - The Parisian Macao's table games win per unit per day rose to $7,128 in March 2024 from $5,632 in March 2023, a 26.6% increase[47] - The Plaza Macao and Four Seasons Macao's table games win per unit per day increased to $16,619 in March 2024 from $13,630 in March 2023, a 21.9% increase[47] - Sands Macao's table games win per unit per day grew to $6,753 in March 2024 from $4,538 in March 2023, a 48.8% increase[47] - Marina Bay Sands' table games win per unit per day jumped to $17,597 in March 2024 from $11,222 in March 2023, a 56.8% increase[47] - Rolling Chip Volume at The Plaza Macao and Four Seasons Macao increased significantly from $1,227 million in 2023 to $2,500 million in March 2024, a rise of $1,273 million[59] - Rolling Chip Volume at Marina Bay Sands grew from $7,075 million in 2023 to $8,241 million in March 2024, an increase of $1,166 million[65] Retail and Property Performance - The Shoppes at Venetian reported a gross revenue of $54 million with an operating profit margin of 90.7% and an occupancy rate of 82.0% at the end of the period[68] - Total Cotai Strip in Macao recorded gross revenues of $115 million with an operating profit margin of 89.6% and an occupancy rate of 77.3%[68] - The Shoppes at Marina Bay Sands achieved gross revenues of $59 million with an operating profit margin of 86.4% and an occupancy rate of 99.8%[68] Regional Performance - Macao Operations' net revenues grew to $1.811 billion in March 2024, a 41.6% increase from $1.279 billion in March 2023[33] - The Londoner Macao's net revenues more than doubled to $562 million in March 2024, compared to $283 million in March 2023[33]

Las Vegas Sands Corp. (LVS) is scheduled to report first-quarter 2024 results on Apr 17, 2024, after the closing bell. In the previous quarter, the company reported a negative earnings surprise of 9.5%.What Do the Estimates Say?The Zacks Consensus Estimate for first-quarter earnings per share (EPS) is pegged at 62 cents, indicating a surge of 121.4% from 28 cents reported in the year-ago quarter.For revenues, the consensus mark is pegged at nearly $3 billion. The metric suggests an increase of 39.9% from th ...

LAS VEGAS, April 10, 2024 /PRNewswire/ -- Las Vegas Sands (NYSE: LVS) will release its first quarter 2024 financial results on Wednesday, April 17, 2024, after market close. The company will host a conference call to discuss its results at approximately 1:30 p.m. Pacific Time. A webcast of the conference call will be available at www.investor.sands.com.  About Sands (NYSE: LVS) Sands is the world's preeminent developer and operator of world-class integrated resorts. Our iconic properties drive valuable leis ...

The contribution marks the 10th anniversary of partnership between Sands Cares and the foundation and provides support for the nonprofit's mission to improve public health around the world LAS VEGAS, March 21, 2024 /PRNewswire/ -- Las Vegas Sands (NYSE: LVS) has contributed $500,000 through Sands Cares to The WASH Foundation, an evolution of the Clean the World Foundation, bringing the company's total contributions to the nonprofit organization to more than $5.6 million since kicking off the partnership. T ...

Serjio74 Above: Macau growth is speeding ahead of many early recovery calls. We accept what may be some investors' characterization of our bullish outlook on Las Vegas Sands Corp. (NYSE:LVS) this past year as that of a faded broken record. Give the apparent resistance to the stock moving anywhere near my price target ("PT") of $70, it is understandable. The stock has had a real struggle to even reach above $50. In light of the strong performance of the company in post covid Asian markets we now see, the ...

A month has gone by since the last earnings report for Las Vegas Sands (LVS) . Shares have added about 7% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Las Vegas Sands due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Las Vegas Sands Q4 Earnings Lag Estimates, Rev ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-32373 LAS VEGAS SANDS CORP. (Exact name of registrant as specified in its charter) Nevada 27-0099920 (State or other jurisdiction of (IRS Employ ...

Core Insights - Las Vegas Sands has been recognized as one of Fortune's World's Most Admired Companies for 2024, marking its 10th appearance on the list, which reflects the company's performance in delivering economic, social, and environmental value [1][4] - The company has shifted focus to reinvestment in Asia and the development of new businesses after exiting Las Vegas operations in 2022, with significant investments planned for Macao and Singapore [1][2] Group 1: Company Recognition and Performance - Sands' inclusion in Fortune's list is an endorsement of its ability to navigate change while positively impacting communities, team members, investors, and customers [1] - The company has also been recognized on Newsweek's 2024 America's Most Responsible Companies list and the 2023 Dow Jones Sustainability World and North America Indices [4] Group 2: Investment and Development Plans - Sands China has pledged to invest $3.75 billion in capital and operating projects through 2032 to enhance Macao's status as a global tourism destination [1] - A $1.75 billion reinvestment program is currently underway at Marina Bay Sands to support Singapore's growth in international tourism [1] Group 3: Corporate Responsibility and ESG Goals - The company aims to invest $200 million in workforce development, contribute 150,000 volunteer hours, and reduce carbon emissions by 17.5% by 2025 [3] - As of 2022, Sands had invested $56 million in workforce development initiatives, with a cumulative investment of $113 million since 2021, and achieved a 50% reduction in carbon emissions [4] Group 4: Business Model and Community Impact - Sands operates world-class integrated resorts that combine luxury accommodations, gaming, meeting facilities, retail, and entertainment, attracting significant business and leisure tourism [2][7] - The company focuses on being the employer and partner of choice, strengthening communities, and minimizing environmental impact through sustainable practices [2]

Core Viewpoint - Las Vegas Sands Corp. (LVS) reported mixed fourth-quarter 2023 results, with earnings missing estimates while revenues exceeded expectations, reflecting a year-over-year improvement in both metrics [1][2]. Financial Performance - Adjusted earnings per share (EPS) for Q4 2023 were 57 cents, missing the Zacks Consensus Estimate of 63 cents, compared to an adjusted loss of 19 cents per share in the same quarter last year [2]. - Quarterly revenues reached $2.92 billion, surpassing the consensus mark of $2.9 billion, and increased by 161% from $1.1 billion reported in the year-ago quarter [2]. Asian Operations - The Venetian Macao generated net revenues of $748 million, up from $201 million in the prior-year quarter, driven by increases in casino, rooms, and mall revenues [4]. - The Londoner Macao reported net revenues of $589 million, significantly up from $93 million, supported by growth in casinos, rooms, and food and beverage revenues [6]. - The Parisian Macao's net revenues were $222 million, up from $51 million, primarily due to improvements in casino, rooms, and food and beverage revenues [8]. - The Plaza Macao and Four Seasons Macao saw net revenues of $192 million, an increase from $75 million, attributed to rises in casino, rooms, and mall revenues [10]. - Sands Macao reported net revenues of $81 million, compared to $17 million in the prior-year period, mainly due to increased casino revenues [11]. - Marina Bay Sands in Singapore achieved net revenues of $1.06 billion, up from $682 million, driven by increases across various revenue streams [13]. Operational Metrics - Adjusted property EBITDA for the consolidated company totaled $1.2 billion in Q4 2023, compared to $222 million in the year-ago quarter [15]. - For 2023, net revenues reached $10.4 billion, up from $4.1 billion in 2022, with operating income improving to $2.3 billion from a loss of $0.8 billion [16]. Balance Sheet - As of December 31, 2023, unrestricted cash balances were $5.11 billion, down from $5.57 billion in the previous quarter, while total debt outstanding decreased to $14.01 billion from $14.17 billion [17].

Shares of Las Vegas Sands Corp (NYSE:LVS) are 0.9% higher at $50.06 at last glance, after the casino and resort giant last night reported fourth-quarter earnings and revenue that topped Wall Street's estimates.  In response, J.P. Morgan Securities raised its price target to $59 from $56. In its bull note, the analyst said it thinks "LVS 4Q23 results should be viewed favorably in relation to recently subdued investors' expectations and China-macro-concern-driven awful investor sentiment." Coming into today, ...