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Las Vegas Sands Corp (LVS.N)

LVS.N on New York Stock Exchange

55.59USD
1:42pm EDT
Change (% chg)

$-0.27 (-0.48%)
Prev Close
$55.86
Open
$55.80
Day's High
$56.11
Day's Low
$55.57
Volume
334,330
Avg. Vol
1,013,672
52-wk High
$63.37
52-wk Low
$41.45

Latest Key Developments (Source: Significant Developments)

Las Vegas Sands reports Q4 GAAP earnings per share $0.64
Wednesday, 25 Jan 2017 04:01pm EST 

Las Vegas Sands Corp : Las Vegas Sands reports fourth quarter and full year 2016 results . Q4 adjusted non-GAAP earnings per share $0.62 . Q4 revenue $3.08 billion versus I/B/E/S view $3.11 billion . Q4 earnings per share view $0.66 -- Thomson Reuters I/B/E/S . Q4 GAAP earnings per share $0.64 . "Macao market overall continued its recovery in q4" . Macao portfolio generated visitation growth of 23% and higher hotel occupancy rates in Q4 . Qtrly consolidated adjusted property EBITDA increased 6.1% to $1.12 billion, with margin of 36.3% .On a GAAP basis, total net revenues for Sands China Ltd. (scl) increased 12.0% to $1.86 billion in Q4 of 2016.  Full Article

Las Vegas Sands says unit, certain of borrower's units entered into third amendment to credit agreement
Tuesday, 27 Dec 2016 05:03pm EST 

Las Vegas Sands Corp : Las Vegas Sands - on Dec 27, co's unit and certain of borrower's units entered into a third amendment to existing credit agreement dated Dec 19, 2013 .Las Vegas Sands - term loan lenders to provide refinancing term loans in aggregate amount of $2.19 billion for purpose of effecting repricing of term loans.  Full Article

Las Vegas Sands reports Q3 gaap earnings per share $0.65
Thursday, 3 Nov 2016 04:01pm EDT 

Las Vegas Sands Corp : Las vegas sands corp says consolidated adjusted property ebitda of $1.14 billion increased 8.6% in q3 of 2016, compared to year-ago quarter . On a gaap basis, total net revenues for sands china ltd increased 3.6% to $1.72 billion in q3 of 2016, versus $1.66 billion in q3 of 2015 . Las vegas sands reports third quarter 2016 results . Q3 adjusted non-gaap earnings per share $0.72 . Q3 revenue $2.97 billion versus i/b/e/s view $2.81 billion . Q3 earnings per share view $0.60 -- Thomson Reuters I/B/E/S .Q3 gaap earnings per share $0.65.  Full Article

Las vegas sands unit borrowed U.S. Dollar equivalent of nearly US$1 billion of new initial term loans
Wednesday, 31 Aug 2016 07:42am EDT 

Las Vegas Sands Corp :Unit borrowed U.S. Dollar equivalent of approximately US$1 billion of new initial term loans.  Full Article

Madison Square Garden unit, Las Vegas Sands unit enter into an agreement
Wednesday, 25 May 2016 06:42am EDT 

Madison Square Garden Co : Unit entered into an agreement with a subsidiary of Las Vegas Sands Corp . MSG will develop, construct venue with capacity of at least 16,000 seats on parcel of land in Las Vegas, Nevada owned by Sands . If certain return objectives are achieved, Las Vegas Sands will receive 25% of after-tax cash flow in excess of objectives . MSG will lease the venue under a 50 year lease agreement .Madison Square Garden says sands will provide co with $75 million to help fund construction costs of project.  Full Article

Las Vegas Sands- Nevada Gaming Control board filed complaint against co on May 11
Thursday, 12 May 2016 06:25am EDT 

Las Vegas Sands Corp : On may 11, Nevada Gaming Control board filed complaint against co alleging certain violations of Nevada Gaming Control Act . Agreed to pay a fine in amount of $2 million .Complaint related to company's previously announced administrative settlement with sec of April 7, 2016.  Full Article

Las Vegas Sands Corp pays $9 mln to end SEC probe into China, Macau - Reuters News
Thursday, 7 Apr 2016 04:28pm EDT 

Las Vegas Sands Corp:Las Vegas Sands Corp agreed to pay $9 million to end the U.S. Securities and Exchange Commission's more than five-year probe into whether it violated a federal anti-bribery law by paying a consultant to help it do business in China and Macau - RTRS.Thursday's civil settlement resolves charges that the casino operator run by billionaire Sheldon Adelson violated the Foreign Corrupt Practices Act by failing to properly authorize or document more than $62 million of payments to the consultant.known within the company as a "beard," between 2006 and 2011.The SEC said the consultant served as a middleman to conceal Las Vegas Sands' effort to buy a team in the Chinese Basketball Association.which forbade gaming companies from ownership, and part of a Beijing building despite China's casino gambling ban.Las Vegas Sands also failed to properly document transactions involving its Macau operations, the SEC said.Publicly traded companies "must have appropriate financial controls in place to ensure that expenses are paid for bona fide services," Andrew Ceresney, head of the SEC enforcement division, said in a statement.Las Vegas Sands also agreed to retain an independent compliance consultant for two years. It did not admit wrongdoing, and said there was no finding of corrupt intent or bribery.  Full Article

Las Vegas Sands and Sands China announces expansion of credit facility
Monday, 13 Apr 2015 08:00am EDT 

Las Vegas Sands Corp:Says that its majority-owned subsidiary Sands China Ltd. has reached an agreement with the lenders in its existing credit facility to provide an additional U.S. dollar equivalent $1 billion term loan.The company expects to receive the U.S. dollar equivalent of $1.0 billion in proceeds from the new term loan on or around April 30.  Full Article

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Las Vegas Sands CEO says Japan casino resort could cost up to $10 billion

(This Feb. 21 story corrects to show Melco Crown Entertainment is based in Hong Kong, not Australia, in the fifth paragraph)