DOCSLIB.ORG

LAS VEGAS SANDS CORP Form 8-K Current Event Report Filed 2021-07-21

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
LAS VEGAS SANDS CORP Form 8-K Current Event Report Filed 2021-07-21 SECURITIES AND EXCHANGE COMMISSION FORM 8-K Current report filing Filing Date: 2021-07-21 | Period of Report: 2021-07-21 SEC Accession No. 0001300514-21-000111 (HTML Version on secdatabase.com) FILER LAS VEGAS SANDS CORP Mailing Address Business Address 3355 LAS VEGAS 3355 LAS VEGAS CIK:1300514| IRS No.: 270099920 | State of Incorp.:NV | Fiscal Year End: 1231 BOULEVARD, SOUTH BOULEVARD, SOUTH Type: 8-K | Act: 34 | File No.: 001-32373 | Film No.: 211104593 ROOM 1A ROOM 1A SIC: 7011 Hotels & motels LAS VEGAS NV 89109 LAS VEGAS NV 89109 (702) 414-1000 Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported) July 21, 2021 LAS VEGAS SANDS CORP. (Exact name of registrant as specified in its charter) Nevada (State or other jurisdiction of incorporation) 001-32373 27-0099920 (Commission File Number) (IRS Employer Identification No.) 3355 Las Vegas Boulevard South Las Vegas, Nevada 89109 (Address of principal executive offices) (Zip Code) (702) 414-1000 (Registrant's Telephone Number, Including Area Code) NOT APPLICABLE (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock ($0.001 par value) LVS New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document ITEM 2.02. Results of Operations and Financial Condition. The following information is being furnished under Item 2.02 - Results of Operations and Financial Condition. On July 21, 2021, Las Vegas Sands Corp. (the “Company”) issued a press release announcing its results of operations for the second quarter ended June 30, 2021. The press release is attached as Exhibit 99.1 to this report and is incorporated by reference into this item. Within the Company’s second quarter ended June 30, 2021 press release, the Company makes reference to certain non-GAAP financial measures that supplement the Company’s consolidated financial information prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) including “adjusted net income/loss,” “adjusted earnings/loss per diluted share,” and “consolidated adjusted property EBITDA,” which have directly comparable GAAP financial measures along with “adjusted property EBITDA margin,” “hold-normalized adjusted property EBITDA,” “hold-normalized adjusted property EBITDA margin,” “hold- normalized adjusted net income/loss,” and “hold-normalized adjusted earnings/loss per diluted share.” The Company believes these measures represent important internal measures of financial performance. The specific reasons why the Company’s management believes that the presentation of the non-GAAP financial measures provides useful information to investors regarding the Company’s financial condition, results of operations and cash flows are set forth in the press release. ITEM 9.01. Financial Statements and Exhibits. (d) Exhibits 99.1 Press Release, dated July 21, 2021 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned, hereunto duly authorized. Dated: July 21, 2021 LAS VEGAS SANDS CORP. By: /S/ RANDY HYZAK Name: Randy Hyzak Title: Executive Vice President and Chief Financial Officer Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document EXHIBIT 99.1 Press Release For Immediate Release Las Vegas Sands Reports Second Quarter 2021 Results For the quarter ended June 30, 2021 (Compared to the quarter ended June 30, 2020) - Generating Positive Adjusted Property EBITDA in Macao and Singapore - Pandemic-Related Travel Restrictions and Reduced Visitation Continue to Impact Financial Results - Safety and Security of Team Members and Guests and Support for Local Communities in Macao, Singapore and Las Vegas Remain Central to our Efforts - Investment and Capital Expenditure Programs to Expand and Enhance our Integrated Resort Offerings in Macao and Singapore Continue LAS VEGAS, NV, July 21, 2021 - Las Vegas Sands Corp. (NYSE: LVS), the world’s leading developer and operator of convention-based Integrated Resorts, today reported financial results for the quarter ended June 30, 2021. “We remain enthusiastic about the opportunity to welcome more guests back to our properties as greater volumes of visitors are eventually able to travel to Macao and Singapore,” said Robert G. Goldstein, chairman and chief executive officer. “We also remain deeply committed to supporting our team members and to helping those in need in each of our local communities as they recover from the impact of the COVID-19 pandemic.” “We remain confident in the eventual recovery in travel and tourism spending across our markets. Demand for our offerings from customers who have been able to visit remains robust, but pandemic- Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document related travel restrictions in both Macao and Singapore continue to limit visitation and hinder our current financial performance.” “Our industry-leading investments in our team members, our communities, and our market-leading Integrated Resort offerings position us exceedingly well to deliver growth as these travel restrictions eventually subside and the recovery comes to fruition. We are fortunate that our financial strength supports our investment and capital expenditure programs in both Macao and Singapore, as well as our pursuit of growth opportunities in new markets.” Net revenue was $1.17 billion, compared to $62 million in the prior year quarter. Operating loss was $139 million, compared to $757 million in the prior year quarter. Net loss from continuing operations in the second quarter of 2021 was $280 million, compared to $841 million in the second quarter of 2020. Consolidated adjusted property EBITDA was $244 million, compared to $(425) million in the prior year quarter. In March 2021, LVS entered into definitive agreements to sell its Las Vegas real property and operations for an aggregate purchase price of approximately $6.25 billion and anticipates the transaction to close in the fourth quarter of 2021. The financial position, results of operations and cash flows of the Las Vegas Operating Properties have been presented as a discontinued operation held for sale. Sands China Ltd. Consolidated Financial Results On a GAAP basis, total net revenues for SCL increased to $849 million, compared to $40 million in the second quarter of 2020. Net loss for SCL was $166 million, compared to $549 million in the second quarter of 2020. Other Factors Affecting Earnings Interest expense, net of amounts capitalized, was $158 million for the second quarter of 2021, compared to $114 million in the prior year quarter. Our weighted average borrowing cost in the second quarter of 2021 was 4.4%, compared to 3.6% during the second quarter of 2020, while our weighted average debt balance increased compared to the prior year quarter due to the issuance of $1.50 billion of senior notes by SCL in June 2020 and borrowings of $505 million under the SCL Credit Facility in the first quarter of 2021. Our income tax benefit for the second quarter of 2021 was $6 million, compared to an income tax benefit of $31 million in the prior year quarter. The income tax benefit for the second quarter of 2021 was Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 2 Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document primarily driven by a 21% statutory rate on our U.S. operations and a 17% statutory rate on our Singapore operations. Balance Sheet Items Unrestricted cash balances as of June 30, 2021 were $2.06 billion. The company has access to $3.94 billion available for borrowing under our U.S., SCL and Singapore revolving credit facilities, net of outstanding letters of credit. As of June 30, 2021, total debt outstanding, excluding finance leases, was $14.42 billion.
Load more

Recommended publications
  • The Londoner Hotel − “Discover the Londoner Macao” Terms and Conditions 1. This Offer Is Subject to Availability. 2. All R
    The Londoner Hotel − “Discover The Londoner Macao” Terms and Conditions 1. This offer is subject to availability. 2. All rates are based on Single and/or Double occupancy. 3. Offer includes The Residence access offering breakfast buffet, afternoon tea and selected evening cocktails. 4. All cancellations or amendments must be made 48 hours before arrival. A charge equivalent to the Package first night price plus service charge will be imposed as late cancellation charge from credit card on file. 5. All reservation is required to guarantee by deposit or credit card during Chinese New Year (11-17 Feb, 2021), Ching Ming Festival and Easter Holiday (02-05 Apr, 2021), Labor Day (01 - 05 May, 2021), Tung Ng Festival (12-14 Jun, 2021), Mid-Autumn Festival (18-21 Sep, 2021), Chinese National Day (01-07 Oct, 2021), Christmas (24-26 Dec, 2021) and New Year’s Eve (31 Dec, 2021), no cancellation and amendment is allowed 72 hours prior to the arrival date. The deposit of the entire stay, tax, and service charge will be imposed 72 hours prior to arrival. A charge equivalent to the total room rental price plus service charge and government tax will be imposed once No- Show. 6. The Londoner Hotel and Venetian Orient Limited reserves the right to release the rooms for resale without prior notice if the credit card is invalid. 7. At least one occupant of the room must be 18 years old or above. 8. Rates are in HKD/MOP and subject to 10% service charge and 5% Government Tax. 9. Rates are based upon your length of stay.
    [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]
  • SANDS CHINA LTD. 金沙中國有限公司 (Incorporated in the Cayman Islands with Limited Liability) (Stock Code: 1928)
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. SANDS CHINA LTD. 金沙中國有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 1928) INSIDE INFORMATION RESULTS OF OUR CONTROLLING SHAREHOLDER, LAS VEGAS SANDS CORP., FOR THE FISCAL THIRD QUARTER ENDED SEPTEMBER 30, 2017 This announcement is issued by Sands China Ltd. (“SCL” or our “Company” or “Sands China”) pursuant to Part XIVA of the Securities and Futures Ordinance and Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. Capitalized terms used but not defined herein shall have the meanings ascribed to them in our 2016 Annual Report. Our Company’s controlling shareholder, Las Vegas Sands Corp. (“LVS”), is a company listed on the New York Stock Exchange (the “NYSE”) in the United States. As at the date of this announcement, LVS beneficially owns approximately 70.08% of the issued share capital of our Company. LVS files quarterly and annual reports, including quarterly and annual financial information and certain operating statistics under Form 10-Q and Form 10-K, respectively, with the United States Securities and Exchange Commission (the “SEC”), in accordance with the ongoing disclosure obligations applicable to a publicly traded NYSE-listed company. Such filings include segment financial information about the Macao operations of LVS, which Macao operations are owned by our Company, and the filings are available in the public domain.
    [Show full text]
  • TERMS and CONDITIONS General 1. This Below Listed Package
    TERMS AND CONDITIONS General 1. This below listed package (“Package”) is ideal for two guests and subject to availability. The Venetian Macao Family Moments Package Experience True Parisian Romance Package Experience Dazzling Sands Macao Package Discover The Londoner Macao Package 2. All cancellations or amendments must be made 48 hours before arrival. A charge equivalent to the total Package price plus service charge will be imposed as late cancellation charge from credit card on file. 3. All rates are in HKD/MOP and subject to 10% service charge and 5% government tax. 4. Any extension of stay after initial booking is confirmed will be subject to availability and will be at Hotel’s Flexible Rate. 5. At least 1 occupant of the room must be 18 years old or above. 6. All Package inclusions are on a per room per stay basis. 7. Unused Package benefits cannot be reimbursed or redeemed for cash or credit either in full or in part. 8. The maximum capacity for the number of guests at each selected room/suite is listed as below. Hotel Maximum Capacity The Venetian Macao Limit of 4 guests per selected suite The Parisian Macao Limit of 3 guests per selected room (Extra bed is not available in Deluxe Room) Conrad Macao Limit of 3 guests per selected room (Extra bed is not available in Two Queens Room) Sands Macao Limit of 3 guests per selected suite (Extra bed is not available in Double King Suite) The Londoner Macao Limit of 3 guests per selected suite (Extra bed is not available in Louis Suite and Victoria Suite) 9.
    [Show full text]
  • The Londoner Hotel − “Unveiling the Londoner Macao” Terms and Conditions
    The Londoner Hotel − “Unveiling The Londoner Macao” Terms and Conditions 1. This offer is subject to availability. 2. All rates are based on Single and/or Double occupancy. 3. Offer includes The Residence access offering breakfast buffet, afternoon tea and selected evening cocktails. 4. All reservations, unless guaranteed by deposit or credit card, will be held until 6:00pm (Macau local time) of proposed arrival date only. The Londoner Hotel and Venetian Orient Limited reserves the right to release the rooms for resale without prior notice. For reservations guaranteed by credit card, any amendment or cancellation less than 24 hours of arrival and/or No-Show, the total room charge, service charge and tax for the first night will be imposed as late cancellation charge from credit card on file. 5. All reservation is required to guarantee by deposit or credit card during Chinese New Year (11-17 Feb, 2021), Ching Ming Festival and Easter Holiday (02-05 Apr, 2021), Labor Day (01 - 05 May, 2021), Tung Ng Festival (12-14 Jun, 2021), Mid-Autumn Festival (18-21 Sep, 2021), Chinese National Day (01-07 Oct, 2021), Christmas (24-26 Dec, 2021) and New Year’s Eve (31 Dec, 2021), no cancellation and amendment is allowed 72 hours prior to the arrival date. The deposit of the entire stay, tax, and service charge will be imposed 72 hours prior to arrival. A charge equivalent to the total room rental price plus service charge and government tax will be imposed once No- Show. 6. The Londoner Hotel and Venetian Orient Limited reserves the right to release the rooms for resale without prior notice if the credit card is invalid.
    [Show full text]
  • Friday 05 Mar 2021
    WEEKFRIDAY 05 MAR 09 2021 Q4 ROUND-UP: FLUTTER Sponsored by ENTERTAINMENT, SCIENTIFIC GAMES, IGT, DRAFTKINGS WEEKFRIDAY 05 MAR 09 2021 Q4 ROUND-UP: FLUTTER ENTERTAINMENT, Sponsored by SCIENTIFIC GAMES, IGT, DRAFTKINGS THIS WEEK • Jim Murren forms second SPAC • CEO Therese Hillman leaves NetEnt • Entain ups bid to acquire Enlabs • 888 to Playtech: Brian Mattingley switch Q4 reports from Flutter Entertainment, Scientific Games, DraftKings and International Games Technology (IGT) have highlighted the benefits of operational diversity, GUEST COLUMNIST: and the continued importance of online verticals in the modern climate. • Michael Zhu, FLUTTER ENTERTAINMENT The Innovation Group Flutter Entertainment finished 2020 strong, with pro-forma FY revenue up 27% year-on-year following its successful acquisition of The Stars Group. A growing player base and the return of sports throughout 2020 grew company revenues by 37% in Q4, the largest YOY quarterly increase of the year. Flutter’s US Sponsored by THIS WEEK IN and PPB Online operations saw rises of 101% and 36% respectively, whilst PPB NUMBERS Retail closed 42% down on the same period in 2019. The Group recorded 7.6 million average monthly players in Q4, a 32% YOY increase that brought its FY total to just over 6.3 million, a growth of 19%. 15 Flutter’s online verticals accounted for 96% of total revenue in the year, with The amount of consecutive a condensed sports fixture calendar in Q4 helping the group post a pro forma English Premier League wins total of $5bn, a 34% increase. recorded by Manchester City after its 4-1 win against Wolverhampton Wanderers, SCIENTIFIC GAMES prompting operator Bovada Scientific Games saw Q4 revenues of $762m, a 9% climb from the previous to pay out early on the quarter, but a 12% drop year-on-year.
    [Show full text]
  • Sands China 2020 Interim Report
    www.sandschina.com 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 4 2. BUSINESS REVIEW 6 2.1 Business Overview and Outlook 6 2.2 Management Discussion and Analysis 10 2.3 Stakeholder Information 22 3. CORPORATE GOVERNANCE 25 3.1 Corporate Governance Practices 25 3.2 Model Code for Securities Transactions 25 3.3 Board and Board Committees Composition 26 3.4 Audit Committee Review 27 3.5 Interests of Directors and Chief Executives 27 3.6 Interests of Substantial Shareholders 28 3.7 Interests of Any Other Persons 29 3.8 Equity Award Plans 29 3.9 Purchase, Sale or Redemption of the Company’s Listed Shares 32 4. CONDENSED CONSOLIDATED 33 FINANCIAL STATEMENTS 4.1 Report on Review of Condensed Consolidated Financial Statements 33 4.2 Condensed Consolidated Financial Statements 34 4.3 Notes to the Condensed Consolidated Financial Statements 40 5. CORPORATE INFORMATION 56 6. CONTACT US 57 7. GLOSSARY 58 Unless otherwise indicated, capitalized terms used but not defined herein shall have the meanings ascribed to them in our 2019 annual report. In case of any inconsistency between the English version and the Chinese version of this Interim Report, the English version shall prevail. SANDS CHINA LTD. 1.1 FINANCIAL RESULTS 2 INTERIM REPORT 2020 SANDS CHINA LTD. 1.1 FINANCIAL RESULTS our Luxurious Hotel Rooms and Suites await you. 3 INTERIM REPORT 2020 SANDS CHINA LTD.
    [Show full text]
  • Worldreginfo
    WorldReginfo - 86e2fb92-c423-4624-8396-11bda2137810 From Luxury Duty Free Shopping, Exciting Entertainment and Fabulous Dining to World-Class Hotel Suites and MICE, Come and Discover Everything at Sands China. WorldReginfo - 86e2fb92-c423-4624-8396-11bda2137810 SANDS CHINA LTD. CONTENTS 1. OVERVIEW 4 1.1 Financial Highlights 4 1.2 Highlights of 2019 5 1.3 Directors and Senior Management 10 2. BUSINESS REVIEW 17 2.1 Chairman’s Statement 17 2.2 Business Overview and Outlook 19 2.3 Our Properties 26 2.4 Management Discussion and Analysis 33 2.5 Priority Risk Factors 46 2.6 Stakeholder Information 58 3. CORPORATE GOVERNANCE 65 REPORT 3.1 Introduction 65 3.2 Corporate Governance Code Compliance 65 3.3 Board Governance Structure 66 3.4 The Board 67 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 88 3.11 Compliance Disclosures and Other Matters 90 3.12 Directors’ Report 92 4. FINANCIAL STATEMENTS 109 4.1 Independent Auditor’s Report 109 4.2 Financial Statements 113 4.3 Notes to the Consolidated Financial Statements 119 4.4 Financial Summary 201 5. CORPORATE INFORMATION 202 6. CONTACT US 203 7. GLOSSARY 204 In case of any inconsistency between the English version and the Chinese version of this Annual Report, the English version shall prevail. WorldReginfo - 86e2fb92-c423-4624-8396-11bda2137810 SANDS CHINA LTD. 1.1 FINANCIAL HIGHLIGHTS 2 ANNUAL REPORT 2019 WorldReginfo - 86e2fb92-c423-4624-8396-11bda2137810 SANDS CHINA LTD.
    [Show full text]
  • 1Q19 Earnings Call Presentation April 17, 2019 Forward Looking Statements
    1Q19 Earnings Call Presentation April 17, 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, certificate 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 net revenue,” “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 items on a constant currency basis.
    [Show full text]
  • Las Vegas Sands Corp. Annual Report 2019
    Las Vegas Sands Corp. Annual Report 2019 Form 10-K (NYSE:LVS) Published: February 22nd, 2019 PDF generated by stocklight.com UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 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 Employer incorporation or organization) Identification No.) 3355 Las Vegas Boulevard South Las Vegas, Nevada 89109 (Address of principal executive offices) (Zip Code) 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 x No ¨ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ¨ No x 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.
    [Show full text]
  • Inside Information
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. SANDS CHINA LTD. 金沙中國有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 1928 and Note Stock Codes: 5140, 5141, 5142, 5725, 5727, 5733, 40246, 40247) INSIDE INFORMATION RESULTS OF OUR CONTROLLING SHAREHOLDER, LAS VEGAS SANDS CORP., FOR THE FISCAL FOURTH QUARTER AND FULL YEAR ENDED DECEMBER 31, 2020 This announcement is issued by Sands China Ltd. (“SCL” or our “Company” or “Sands China”) pursuant to Part XIVA of the Securities and Futures Ordinance and Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. Capitalized terms used but not defined herein shall have the meanings ascribed to them in our 2019 Annual Report. Our Company’s controlling shareholder, Las Vegas Sands Corp. (“LVS” or “Las Vegas Sands”), is a company listed on the New York Stock Exchange (the “NYSE”) in the United States. As at the date of this announcement, LVS beneficially owns approximately 70% of the issued share capital of our Company. LVS files quarterly and annual reports, including quarterly and annual financial information and certain operating statistics under Form 8-K, Form 10-Q and Form 10-K, respectively, with the United States Securities and Exchange Commission (the “SEC”), in accordance with the ongoing disclosure obligations applicable to a publicly traded NYSE-listed company.
    [Show full text]
  • SANDS CHINA LTD. 金沙中國有限公司 (Incorporated in the Cayman Islands with Limited Liability) (Stock Code: 1928 and Note Stock Codes: 5140, 5141, 5142)
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. SANDS CHINA LTD. 金沙中國有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 1928 and Note Stock Codes: 5140, 5141, 5142) INSIDE INFORMATION RESULTS OF OUR CONTROLLING SHAREHOLDER, LAS VEGAS SANDS CORP., FOR THE FISCAL THIRD QUARTER ENDED SEPTEMBER 30, 2018 This announcement is issued by Sands China Ltd. (“SCL” or our “Company” or “Sands China”) pursuant to Part XIVA of the Securities and Futures Ordinance and Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. Capitalized terms used but not defined herein shall have the meanings ascribed to them in our 2017 Annual Report. Our Company’s controlling shareholder, Las Vegas Sands Corp. (“LVS” or “Las Vegas Sands”), is a company listed on the New York Stock Exchange (the “NYSE”) in the United States. As at the date of this announcement, LVS beneficially owns approximately 70% of the issued share capital of our Company. LVS files quarterly and annual reports, including quarterly and annual financial information and certain operating statistics under Form 8-K, Form 10-Q and Form 10-K, respectively, with the United States Securities and Exchange Commission (the “SEC”), in accordance with the ongoing disclosure obligations applicable to a publicly traded NYSE-listed company.
    [Show full text]