|Exchange:||New York Stock Exchange|
|Stock:||Las Vegas Sands Corp|
|Industry:||Resorts & Casinos|
|Las Vegas Sands Corp. was incorporated as a Nevada corporation in August 2004. It owns and operates The Venetian Resort Hotel Casino, a Renaissance Venice-themed resort; The Palazzo Resort Hotel Casino, a resort featuring modern European ambience and design; and an expo and convention center of approximately 1.2 million square feet. The Company’s operating segments in the U.S. consist of The Venetian Las Vegas, The Palazzo and Sands Bethlehem. The Venetian Las Vegas and The Palazzo operating segments are managed as a single integrated resort and have been aggregated into its Las Vegas Operating Properties, considering their similar economic characteristics, types of customers, types of service and products, the regulatory business environment of the operations within each segment and the Company’s organizational and management reporting structure. The Company is in the process of developing Sands Bethlehem, a gaming, hotel, retail and dining complex located on the site of the historic Bethlehem Steel Works in Bethlehem, Pennsylvania. SCL, of which it owns 70.3% subsequent to the SCL Offering and related transactions, includes the operations of the Sands Macao, The Venetian Macao, Four Seasons Macao and other ancillary operations that support these properties. It operates the gaming areas within these properties pursuant to a 20-year gaming subconcession. In August 2008, it opened the Four Seasons Hotel Macao, which is located adjacent to The Venetian Macao. The Company believes Marina Bay Sands is ideally positioned within Singapore to cater to both business and leisure visitors. The integrated resort is centrally located within a 20-minute drive from Singapore’s Changi International Airport and near the new deep water cruise ship terminal, which is scheduled to open in the second quarter of 2012, and a recently opened mass rapid transit station. It advertises in many types of media, including television, internet, radio, newspapers, magazines and billboards, to promote general market awareness of its properties as unique vacation, business and convention destinations due to its first-class hotels, casinos, retail stores, restaurants and other amenities. The hotel, resort and casino businesses in Las Vegas are highly competitive. The Company competes with other hotel/casino facilities in Nevada and in Atlantic City, as well as hotel/casinos and other resort facilities and vacation destinations elsewhere in the United States and around the world. Its gaming operations are subject to the licensing and regulatory control of the Nevada Gaming Commission, the Nevada Gaming Control Board and the Clark County Liquor and Gaming Licensing Board.|
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