DOCSLIB.ORG

Annual Report 2005 Report Annual Las Vegas Sands Corp

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2005 Report Annual Las Vegas Sands Corp Annual Report 2005 Las Vegas Sands Corp. 3355 Las Vegas Boulevard South ~ Las Vegas, Nevada 89109 Annual Report 2005 Telephone: 702.414.1000 ~ www.lasvegassands.com BOARD OF DIRECTORS EXECUTIVE OFFICERS LOCATIONS Sheldon G. Adelson Sheldon G. Adelson Las Vegas Chairman of the Board, Chairman of the Board, Venetian Casino Resort, LLC Chief Executive Officer & Treasurer Chief Executive Officer & Treasurer 3355 Las Vegas Boulevard S. Las Vegas, Nevada 89109 William P. Weidner William P. Weidner President & President & Sands Expo and Convention Center Chief Operating Officer Chief Operating Officer 201 East Sands Avenue Las Vegas, Nevada 89109 Irwin Chafetz Bradley H. Stone Director of The Interface Group Executive Vice President Macao, China Sands Macao ellow Shareholders: Charles D. Forman Robert G. Goldstein Largo de Monte Carlo, no. 203 F Chairman & Chief Executive Officer of Senior Vice President; Macau (SAR) I am pleased to present to you our second Annual Report. Centric Events Group, LLC President & Chief Operating Officer of Venetian Casino Resort, LLC Michael A. Leven The year 2005 was another record-setting year for our Company as we solidified Founder, Chairman, Scott D. Henry our position as the leading worldwide developer and operator of premium destination Chief Executive Officer & President of Senior Vice President & hotel casino resorts. U.S. Franchise Systems, Inc. Chief Financial Officer James L. Purcell Bradley K. Serwin We again set occupancy and financial records at our flagship resort, The Venetian Retired partner of Paul, Weiss, Rifkind, General Counsel & Secretary in Las Vegas, and we generated record financial results at the Sands Macao, the first Wharton & Garrison LLP Las Vegas-style casino in The People’s Republic of China’s Special Administrative Region of Macao. We continued construction of two new mega-resorts, The Palazzo™ Irwin A. Siegel on the Las Vegas Strip and The Venetian Macao on our Cotai Strip™ development in Retired partner of Macao. In response to the overwhelming success of the Sands Macao, we expanded Deloitte & Touche LLP our Cotai Strip development plans to include even more gaming, hotel, convention, retail and residential development than we had originally envisioned. And we continue working to assure that our growth pipeline is filled with additional new opportunities in emerging gaming jurisdictions. INDEPENDENT CORPORATE COUNSEL ANNUAL REPORTS ACCOUNTANTS Paul, Weiss, Rifkind, Copies of this Annual Report and PricewaterhouseCoopers LLP Wharton, & Garrison LLP the Company’s Annual Report on Our many 2005 accomplishments and our strategies for 2006 and beyond are 3800 Howard Hughes Parkway 1285 Avenue of the Americas Form 10-K may be obtained by summarized in our 2005 Form 10-K report which follows. The Form 10-K also Suite 550 New York, New York 10019-6064 writing: contains a multitude of details about our company. Las Vegas, Nevada 89109 Las Vegas Sands Corp. c/o Corporate Secretary STOCK TRANSFER 3355 Las Vegas Boulevard S. As one shareholder to another, thank you for your support and the confidence you INFORMATION Las Vegas, Nevada 89109 continue to show in our company. American Stock Transfer & Trust Company 59 Maiden Lane New York, New York 10038 TRADING SYMBOL ____________________________________________ Traded on the New York Stock Sheldon G. Adelson Exchange under the symbol: LVS Chairman and Chief Executive Officer April, 2006 Las Vegas Sands Corp. has timely delivered the most recent certification required by Section 303A.12(a) of the NYSE Listed Company Manual. 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, 2005 Or n 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 registration as specified in its charter) Nevada 27-0099920 (State or other jurisdiction of (IRS Employer incorporation or organization) Identification No.) 3355 Las Vegas Boulevard South 89109 Las Vegas, Nevada (Zip Code) (Address of principal offices) Registrant's telephone number, including Area Code: (702) 414-1000 Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Name of Each Exchange on Which Registered Common Stock ($0.001 par value) New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes n No ¥ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act. Yes n No ¥ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports); and (2) has been subject to such filing requirements for the past 90 days. Yes ¥ No n Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (Û 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. No n Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non- accelerated filer. See definition of ""accelerated filer and large accelerated filer'' in Rule 12b-2 of the Exchange Act. (Check one): Large accelerated filer ¥ Accelerated filer n Non-accelerated filer n Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes n No ¥ As of the June 30, 2005, the aggregate market value of the registrant's common stock held by non- affiliates of the registrant was $1,139,311,388 based on the closing sale price as reported on the New York Stock Exchange. The Company had 354,303,160 shares of common stock outstanding as of February 24, 2006. Las Vegas Sands Corp. Table of Contents Page PART I ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 1 ITEM 1. Ì BUSINESS ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 1 ITEM 1A. Ì RISK FACTORS ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 29 ITEM 1B. Ì UNRESOLVED STAFF COMMENTSÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 47 ITEM 2. Ì PROPERTIES ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 47 ITEM 3. Ì LEGAL PROCEEDINGS ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 48 ITEM 4. Ì SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS ÏÏÏÏÏÏÏÏ 50 PART II ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 51 ITEM 5. Ì MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 51 ITEM 6. Ì SELECTED FINANCIAL DATA ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 53 ITEM 7. Ì MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONSÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 54 ITEM 7A. Ì QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 74 ITEM 8. Ì FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 76 ITEM 9. Ì CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 128 ITEM 9A. Ì CONTROLS AND PROCEDURES ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 128 ITEM 9B. Ì OTHER INFORMATION ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 129 PART IIIÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 129 ITEM 10. Ì DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT ÏÏÏÏÏÏÏÏÏ 129 ITEM 11. Ì EXECUTIVE COMPENSATION ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 134 ITEM 12. Ì SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS ÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 140 ITEM 13. Ì CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS ÏÏÏÏÏÏÏÏÏÏÏÏ 142 ITEM 14. Ì PRINCIPAL ACCOUNTING FEES AND SERVICES ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 150 PART IV ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 152 ITEM 15. Ì EXHIBITS AND FINANCIAL STATEMENT SCHEDULES ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 152 ii PART I ITEM 1. Ì BUSINESS Overview Las Vegas Sands Corp. and its subsidiaries (""we'' or the ""Company'') own and operate The Venetian Resort Hotel Casino (also referred to as ""The Venetian'') and The Sands Expo and Convention Center (also referred to as ""The Sands Expo Center'') in Las Vegas, Nevada, and The Sands Macao Casino (also referred to as ""The Sands Macao'') in Macao, China. We are also in the process of developing additional casino resorts and properties in Las Vegas and Macao, including The Palazzo Resort Hotel Casino (also referred to as The Palazzo), which will be adjacent to and connected with The Venetian, The Venetian Macao Resort Hotel Casino and other casino resort properties on the Cotai StripTM in Macao. We are seeking gaming licenses to develop gaming properties in Singapore, Pennsylvania and the United Kingdom. We also are exploring other gaming entertainment opportunities in Asia, Europe and the United States. Our Las Vegas Properties The Venetian is one of the largest
Load more

Recommended publications
  • 529MCS Macau Excursion (With Cotai Strip) →Duration: Approx. 13 Hours (Not Include Hotel Pick up Time) →Daily Morning De
    529MCS Macau Excursion (with Cotai Strip) Duration: Approx. 13 hours (not include hotel pick up time) Daily Morning Departure Hotel pick-up time: 7:15 am - 8:05 am Actual time will be given at the time of reservation This tour provides you maximum time for sightseeing. There will be no shop visits in the entire journey. Buffet lunch at Fisherman's Wharf. Please bring along passport for immigration Tour fees include air-conditioned sightseeing coach, guide services, round-trip ferry tickets, lunch, Macau Tower and Museum of Macau admission tickets. Guide tips is welcomed if you are satisfied with the service provided Attractions: Na Tcha Temple (World Heritage) This Chinese traditional style temple called Na Tcha Temple which was built for worshipping Na Tcha (a mythical character). This temple has become a World Heritage in 2005. Section of the Old City Walls (World Heritage) This surviving segment of City Wall was built in 1569. It is a remnant of an early Portuguese tradition of constructing defensive walls around their port settlements. It has become a World Heritage in 2005. The Museum of Macau The Museum of Macau, exhibits Macau's history, people and culture, emphasizing the bi-culture of the place. (N.B. Museum of Macau is closed on Monday. It will be replaced by visiting Maritime Museum.) The Mount Fortress (World Heritage) The fortress was Macau's principal military defense structure which was built conjunction with the Jesuits form 1617 to 1626. The fortress covers an area of 10,000 square metres and in the shape of a trapezoid.
    [Show full text]
  • City of Dreams Resort and Casino, Grand Hyatt, Hard Rock and Crown Towers Hotels
    City of Dreams Resort and Casino, Grand Hyatt, Hard Rock and Crown Towers Hotels The City of Dreams Resort includes four state-of-the-art casino hotel towers with 1,622 guest rooms: the 5-star, 970-key Grand Hyatt Hotel, the 5-star, 286-key Crown Towers; and the 4-star, 366-key Hard Rock Hotel. The development is designed to accommodate conventions and conferences. Its three-floor podium includes many large ballrooms, banquet halls, meeting rooms and business facilities; a mega-casino and over 200 shopping venues and hotel guest amenities. The development has 420,000 SF (39,000 m2) of gaming space with 550 gaming tables and 1500 gaming machines, over 20 restaurants and bars, including one of the largest in the city. Included within the property is 175,000 SF (16,300 m2) of high-end retail space spread across two levels. City of Dreams was designed to the highest quality in international standards, making it the premier development and destination in the Cotai Strip of Macau and the region for leisure and entertainment. Location: Macau, China Type: Hospitality, Master Planning, Mixed-Use, Retail / Entertainment, Waterfront Services: Master Planning, Architecture, Interiors, Landscape Size: 4,107,000 sf / 382,000 m2 Awards: * Society of American Registered Architects (SARA) | Design Award of Recognition * TTG China Travel Awards | “Best Luxury Hotel in Macau” for Grand Hyatt Hotel * World Luxury Spa Awards | “Best Luxury Hotel Spa” for Crown Towers * TTG Travel Awards | Best Integrated Resort * Forbes Travel Guide | Five-Star Hotel Award * International Gaming Awards | Best Casino Interior Design * International Gaming Awards | Best Casino Operator for the Asia Pacific Region * International Gaming Awards | Best Casino VIP Room * International Property Awards | Best Leisure Development in Asia Pacific * International Property Awards | Best Leisure Development in China * Macau Environmental Protection Bureau with the collaboration of Macao Government Tourist Office | Bronze Award 2010 Macao Green Hotel Award * SGS | Indoor Environmental Quality (IEQ) Certification.
    [Show full text]
  • Marina Bay Sands
    3Q19 Earnings Call Presentation October 23, 2019 Forward Looking Statements This presentation contains forward-looking statements made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the company’s control, which may cause material differences in actual results, performance or other expectations. These factors include, but are not limited to, general economic conditions, competition, new development, construction and ventures, substantial leverage and debt service, fluctuations in currency exchange rates and interest rates, government regulation, tax law changes and the impact of U.S. tax reform, legalization of gaming, natural or man- made disasters, terrorist acts or war, outbreaks of infectious diseases, insurance, gaming promoters, risks relating to our gaming licenses and subconcession, infrastructure in Macao, our subsidiaries’ ability to make distribution payments to us, and other factors detailed in the reports filed by Las Vegas Sands with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date thereof. Las Vegas Sands assumes no obligation to update such information. Within this presentation, the company may make reference to certain non-GAAP financial measures including “adjusted net income,” “adjusted earnings per diluted share,” and “consolidated adjusted property EBITDA,” which have directly comparable financial measures presented in accordance with accounting principles generally accepted in the United States of America ("GAAP"), along with “adjusted property EBITDA margin,” “hold-normalized adjusted property EBITDA,” “hold-normalized adjusted property EBITDA margin,” “hold-normalized adjusted net income,” and “hold-normalized adjusted earnings per diluted share,” as well as presenting these or other items on a constant currency basis.
    [Show full text]
  • UP SET for VENETIAN MACAO OPEN Macao, Octob
    PRESS RELEASE STAR-STUDDED LINE-UP SET FOR VENETIAN MACAO OPEN Macao, October 9: The Venetian Macao Open is poised to welcome a stellar line-up of stars from the Asian Tour, with seven Order of Merit champions and no fewer than 45 Tour champions primed to challenge defending champion Anirban Lahiri for his title next week. In addition to the presence of four-time Major winner Ernie Els, seven players from the current top-10 of the Merit list and seven other former champions of the Venetian Macao Open, including two-time winner Zhang Lian-wei of China, will tee up at the challenging Macau Golf and Country Club from October 15-18. Reigning Asian Tour number one David Lipsky will also return to Asian soil for the first time since April and will be banking on a recent tied third finish in Italy to spur him towards a third Asian Tour title. Lahiri, currently top of the Merit list, is expected to fight hard to retain his crown especially when he will arrive in Macao on the back of a maiden appearance at the on-going Presidents Cup in Korea where he is the first Indian to feature in the biennial team competition. “The Venetian Macao Open is certainly one of the best tournaments we play all year. It’s very intimate and it’s just great fun to be right in the heart of Macao,” said the 28-year-old Lahiri, who is ranked 39th in the world. Other stars in the top-10 of the current Merit rankings heading to Macao include second- ranked Andrew Dodt of Australia, 2013 Venetian Macau Open champion Scott Hend of Australia, Malaysia’s Danny Chia, S.S.P.
    [Show full text]
  • 2020 Annual Report
    Stock Code: 1928 and Note Stock Codes: 5140, 5141, 5142, 5725, 5727, 5733, 40246, 40247, 40584, 40585 www.sandschina.com From Luxury Duty Free Shopping, Exciting Entertainment and Fabulous Dining to World-Class Hotel Suites and MICE, Come and Discover Everything at Sands China. SANDS CHINA LTD. CONTENTS 1. OVERVIEW 4 1.1 Financial Results Summary 4 1.2 Highlights of 2020 5 1.3 Directors and Senior Management 11 2. BUSINESS REVIEW 18 2.1 Chairman’s Statement 18 2.2 Business Overview and Outlook 20 2.3 Our Properties 26 2.4 Management Discussion and Analysis 33 2.5 Priority Risk Factors 47 2.6 Stakeholder Information 59 3. CORPORATE GOVERNANCE 66 REPORT 3.1 Introduction 66 3.2 Corporate Governance Code Compliance 66 3.3 Board Governance Structure 67 3.4 The Board 68 3.5 Audit Committee 74 3.6 Remuneration Committee 76 3.7 Nomination Committee 78 3.8 Capex Committee 81 3.9 Risk Management and Internal Control 82 3.10 Shareholders 87 3.11 Compliance Disclosures and Other Matters 90 3.12 Directors’ Report 92 4. FINANCIAL STATEMENTS 113 4.1 Independent Auditor’s Report 113 4.2 Financial Statements 117 4.3 Notes to the Consolidated Financial Statements 123 4.4 Financial Summary 193 5. CORPORATE INFORMATION 194 6. CONTACT US 195 7. GLOSSARY 196 In case of any inconsistency between the English version and the Chinese version of this Annual Report, the English version shall prevail. SANDS CHINA LTD. 1.1 FINANCIAL HIGHLIGHTS 2 ANNUAL REPORT 2020 SANDS CHINA LTD. 1.1 FINANCIAL HIGHLIGHTS our Luxurious Hotel Rooms and Suites await you.
    [Show full text]
  • Press Release
    Press Release Celebrities Shine at The Venetian Macao for Asia Rainbow TV Awards Integrated resort brings another star-studded awards show to Macao (Macao, June 26, 2014) – The first Asian television awards show presented by mainland China, the Asia Rainbow TV Awards, were held in Macao for the first time Thursday night, hosted at The Venetian Theatre. With SONIQ as the exclusive title sponsor, and The Venetian® Macao as special sponsor, the Asia Rainbow TV Awards – known as Asia's version of Hollywood's Emmy Awards – is the first awards show for the television industry to be held at The Venetian Macao. Celebrities arriving on the red carpet for the awards show included actors Lee Li-Chun, Hawick Lau and Jerry Lee, and actresses Tongshu Yang, Dandan Song and Guitian Sun. Crowds of screaming fans clamoured to get a view of the famous faces as the glamorous luminaries captured everyone’s attention with their star power. With nearly 400 nominees hailing from 14 countries, 80 awards were given across 27 categories, including awards for Best Actor/Actress, Best Scriptwriter, and Best Actor/Actress Comedy. “Sands China brings the best of the best to Macao, so it is with great pleasure that we are hosting Asia Rainbow TV Awards, an outlet for recognising Asia’s top television talent,” said Olaf Gueldner, Senior Vice President and Chief Marketing Officer of Sands China Ltd. “Our properties are the place to be for seeing the brightest stars, as our multi-tiered entertainment strategy continues to cement Macao’s position as one of the region’s top entertainment destinations for superstars events and to promote the city as a world centre of tourism and leisure.” The awards show was broadcast via 23 television stations to audiences across mainland China, reaching an estimated audience of half a billion viewers.
    [Show full text]
  • 1Q15 Earnings Call Presentation April 22, 2015
    The Venetian Macao Sands Cotai Central, Macao Marina Bay Sands, Singapore The Parisian Macao 1Q15 Earnings Call Presentation April 22, 2015 Sands Macao Four Seasons Macao Sands Bethlehem The Venetian Las Vegas The Palazzo Las Vegas Forward Looking Statements This presentation contains forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward- looking statements involve a number of risks, uncertainties or other factors beyond the company’s control, which may cause material differences in actual results, performance or other expectations. These factors include, but are not limited to, general economic conditions, competition, new ventures, substantial leverage and debt service, government regulation, legalization of gaming, interest rates, future terrorist acts, influenza, insurance, gaming promoters, risks relating to our gaming licenses, certificate and subconcession, infrastructure in Macao and other factors detailed in the reports filed by Las Vegas Sands Corp. with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date thereof. Las Vegas Sands Corp. assumes no obligation to update such information. 2 The Investment Case for Las Vegas Sands The global leader in Integrated Resort development and operation, delivering strong and diversified cash flow and earnings as well as growing recurring dividends Best positioned operator to deliver growth in
    [Show full text]
  • Inauguration of 2008 MIECF
    Press Release No 4 23 th April 2008 Inauguration of 2008 MIECF The “2008 Macau International Environmental Co-operation Forum and Exhibition” (2008 MIECF) was inaugurated this morning (April 23) at The Cotai Strip Convention and Exhibition Centre of the Venetian Macao Resort Hotel. The event is hosted by the Government of the Macao Special Administrative Region, co-organized by Provincial and Regional Governments of the Pan-Pearl River Delta Region, and supported by the Ministry of Environmental Protection of the People's Republic of China. Mr. Edmund Ho, Chief Executive of Macau SAR, gave a speech in the opening ceremony, pointing out that water and energy are matters of concern for both the international community and the Macau citizenry. He stressed that Macau’s water and energy security hinges on the support of the Central Government, and that the SAR is dedicated to solving problems regarding salinity, energy conservation, and environmental protection awareness-raising, in order to attain sustainable development. The officiating guests accompanying the Chief Executive in the opening ceremony include Mr. Li Benjun, Deputy Director General of the Liaison Office of the Central People’s Government in the Macao SAR, Mr. Wan Yongxiang, Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in the Macao SAR, Mr. Hu Siyi, Vice Minister of Ministry of Water Resources of the PRC, Mr. Xu Qinghua, Representative of the Minister of Ministry of Environmental Protection of the PRC, Mr. Su Zengtian, Vice Governor of the People’s Government of Fujian Province, Mr. Hong Lihe, Vice Governor of the People’s Government of Jiangxi Province, Mr.
    [Show full text]
  • Venetian Macau Open Extends Agreement with Asian Tour Until 2016
    VENETIAN MACAU OPEN EXTENDS AGREEMENT WITH ASIAN TOUR UNTIL 2016 Macau, October 26: The Venetian Macao® has extended its title sponsorship of the Venetian Macau Open for a further two years until 2016 following its successful association with Macau’s premier golf championship. The Macau Sport Development Board (MSDB) and its partners, the Asian Tour, Macau Golf Association and IMG, jointly announced that next year’s edition will be staged at the Macau Golf and Country Club from October 15-18, 2015. Through this extension, The Venetian Macao has also committed to further increase the tournament’s prize fund, which stood at a record US$900,000 this week, over the next couple of years with world-class stars continuing to grace the fairways in Macau. This week, four-time Major winner Ernie Els, Spanish star Miguel Angel Jimenez and Thongchai Jaidee of Thailand, a three-time Asian Tour number one, were the top attractions in a stellar field which included 17 of the top-20 players from the Asian Tour’s Order of Merit. India’s Anirban Lahiri won the tournament with his winning total of 17-under-par 267. “We are proud to announce that the prestigious Venetian Macau Open will continue to be held on the Asian Tour until 2016. Through the commitment of The Venetian Macao, our event has become one of the most successful sporting events in Macau and on the Asian Tour,” said José Tavares, President of MSDB. “With the renewal of our partnership with the key stakeholders, we believe the success of the Venetian Macau Open will continue to spur the development of the game here and provide the opportunity for Macau sports fans and the local community to watch world-class golf at our doorstep.” Since assuming the role as title sponsor in 2012, The Venetian Macao has been instrumental in growing the stature of Macau’s flagship championship, which is beamed live over four rounds to 180 nations and 625 million homes around the world.
    [Show full text]
  • Ssociation 2011 Conventions & Facilities the Source for Association Meeting Planning Management
    A COASTAL COMMUNICATIONS CORPORATION PUBLICATION TheMeetingMagazines.com Volume 4 • Number 3 $12.00 JUNE/JULY SSOCIATION 2011 CONVENTIONS & FACILITIES THE SOURCE FOR ASSOCIATION MEETING PLANNING MANAGEMENT The Next Wave A Rising Tide of New Convention Center Hotels Is On the Horizon PAGE 22 Tom Faust, vice president, sales, Omni Hotels & Resorts Photo courtesy of Omni Hotels & Resorts& Hotels Omni of courtesy Photo Gaming Resorts 12 | Diversity 18 | Orlando 28 Tapatio Cliffs In This Issue A COASTAL COMMUNICATIONS CORPORATION PUBLICATION SSOCIATION CONVENTIONS & FACILITIES ATHE SOURCE FOR ASSOCIATION MEETING PLANNING MANAGEMENT June / July 2011 Volume 4 • Number 3 Departments 4 Publisher’sPage Features 12 6 News&Notes 12 TheMoretheMerrier Squaw Peak New and Improved Gaming Resorts Give Planners More Options 6 GoingGreen&GivingBack By Derek Reveron 34 CareerTrack 18 KeepanOpenMind Rethinking Strategies to Address Diversity By George Seli 35 DirectConnect 22 TheNextWave A Rising Tide of New Convention Center Hotels Is On the Horizon 18 By Steve Winston ViewPoint 10 CateringTrends Have Your Cake and Eat It, Too: Keep F&B Quality High and Costs Low Destination Elevate your meetings By Linda E. Schwartz 28 Orlando Attendance and Infrastructure Are Booming By George Seli 28 On the Cover: The new Omni Dallas Hotel, which will connect to the Dallas Convention Center via skybridge on two different levels, will officially open two months ahead of schedule on November 11, 2011. Phoenix, Arizona Association Conventions & Facilities is published bi-monthly by Coastal Communications Corporation, 2700 North Military Trail — Suite 120, Boca Raton, FL 33431-6394; 561-989-0600. Single copies $12.00 U.S.A.
    [Show full text]
  • Las Vegas Sands Earnings Report
    Las Vegas Sands Earnings Report Undyed Art ice-skated ecologically. Is Taylor Ithaca or dreich after endmost Forrester imbrute so earthwards? Darkling Tammie wangled no searchlight begat irritably after Marcio fathoms randomly, quite bacteroid. The msg sphere in vegas las sands earnings report statement of the msg The Venetian Macao Resort Hotel in China. The adjustment is certain point is in las vegas vs various integrated resorts, as we are verizon communications inc, madison square garden company releases, located at school others. We all witnessed declines in japan would sell las vegas sands corp. Las Vegas Sands Corp assumes no obligation to notice such information Within this presentation the intercourse may make reference to certain. Q3 2014 Las Vegas Sands Corp Earnings EarningsCast. FREE daily email newsletter. Construction progress on MSG Sphere at the Venetian was showcased Tuesday morning as crews continued to lift rebar and rough concrete. Is its fourth quarter revenue fell, sands earnings call today after being applied to counter that day they are! If there are! Dive deeper with three main metric of! Timing for reporting to report whether there have chosen on va gaming. Good product launches. The earnings this near jones trademark of the atr or combined with adopting bitcoin is reported on the january announcement during his team to. Last lineup the Las Vegas Monorail Company announced a new sponsorship program led by. The latest market report Global Casino Gaming Market report propose a detailed research. To being a stock price. Do we all of new saved chart of chicago mercantile association: which delayed price targets over a las vegas sands earnings report indicated that moderation going to young people, causing a direct connection with.
    [Show full text]
  • Galaxy Macau Macau [CHN] Kultur: Hotell, Spas & Anläggningar Länkar: Galaxymacau.Com
    Arkitekt: SimonKwan&Associates,Wong&Ou Fakta YangHKLtd,BenoyArchitects,HBA Ort: Cotai,Macau Yta Fellert: 3000m2(ThePromenade), 2900m2(JWMarriottHotel) Produkt: EvenBetterSilk Installatör Fellert: EurasiaArchitecturalProducts Typ av projekt: Nybyggnation Lyxen av tystnad i en storslagen fusion av klassicistisk och asiatisk arkitektur Som ett mytomspunnet palats reser sig Galaxy Mötetmellanasiatiskaocheuropeiskaelement Macau med sina karaktäristiska tornkupoler över andasluxuöselegans.NärmankommerinpåThe the Cotai Strip. Ett tropiskt paradis där väst möter Promenade,kliverduiniensval,crèmefärgadoas. öst i en alldeles egen arkitektonisk identitet. Det Ett5thAvenue,BondStreetellerAvenueMon- här en av världens mest spektakulära nöjes- och taigneinnanförmjuktföljsammaväggarochsläta semesterdestinationer. slingrandetak.Bladetsformharinspireratdetde- MedhotellsomHotelOkuraMacauochBanyan korativauttrycketochåterfinnsisidopaneler,väg- TreeMacautillnytillkomnaTheRitz-CarltonMacau garochbalustrader.Detfinnsettskimmer,mot ochJWMariott,casinoispecialdesignadasiatisk enstilrenbakgrundliggerutströddadownlights gestaltning,över100restaurangerochbarermed varsljusreflekterasidepoleradestengolven.Folk Michelin-rekommenderatinternationelltoch strosarrofylltöverdeblankaytorna,detråderen asiatisktkök,unikaspa,eventochkonferensmil- dämpad,behagligakustik.Kanskeärdetdärförde jöersamtshoppingpåThePromenademedöver dröjersigkvar.GalaxyMacauärinteShangri-la, 200exklusivabutikerhamnardethärblandettav mendetärdefinitivtenplatsdärmankliverinien Forbeshögstrankaderesmål. magiskvärldförenlitenstund. Projektsummering: •Exklusiv kompromisslös design •Höga krav på ljudabsorbtion •Dominerande material: sten Galaxy Macau Macau[CHN] kultur: hotell, spas & anläggningar Länkar: galaxymacau.com.
    [Show full text]