8-K

LAS VEGAS SANDS CORP (LVS)

8-K 2025-03-06 For: 2025-03-05
View Original
Added on April 03, 2026

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) March 5, 2025

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<br> <br>File Number) (IRS Employer<br>Identification No.)
5420 S. Durango Drive
Las Vegas, Nevada 89113
(Address of principal executive offices) (Zip Code)

(702) 923-9000

(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):

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)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading<br>Symbol(s) Name of each exchange<br>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. ☐

ITEM 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 6, 2025, Las Vegas Sands Corp. (the “Company”) announced that Robert G. Goldstein, the Company’s Chairman and Chief Executive Officer, will transition to the role of senior advisor on March 1, 2026. Both the Company and Mr. Goldstein intend for his senior advisor role to be his sole position with the Company and its subsidiaries as of March 1, 2026. The Board of Directors of the Company has announced its intention to appoint Patrick Dumont, President and Chief Operating Officer of the Company, as Chairman and Chief Executive Officer upon Mr. Goldstein’s transition to the senior advisor role.

In connection with the services that Mr. Goldstein will provide as a senior advisor, the Company, Las Vegas Sands, LLC (a wholly owned subsidiary of the Company) and Mr. Goldstein entered into a First Amendment to Employment Agreement, dated March 5, 2025 (the “Amendment”). The Amendment provides that, subject to Mr. Goldstein’s continued employment with the Company through March 1, 2026 (the “Expiration Date”), and conditional upon and subject to Mr. Goldstein’s execution of a release, during the two (2) year period commencing immediately following the Expiration Date (the “Term”), Mr. Goldstein shall provide consulting services to the Company relating to matters appropriate for the attention of the former Chief Executive Officer of the Company, including (i) the Company’s government relations activities, (ii) securing new physical development opportunities for the Company and (iii) the Company’s gaming strategies.

Pursuant to the Amendment, Mr. Goldstein will receive an annual consulting fee of $4.5 million during the Term. Additionally, Mr. Goldstein’s then-outstanding equity awards previously granted to him shall be deemed vested as of the Expiration Date (as provided in his current employment agreement), and with respect to any then-outstanding equity awards in the form of stock options, any post-termination exercise period set forth in the applicable stock option award agreement shall run from the last day of the Term. The Amendment also sets out certain other benefits that will be provided to Mr. Goldstein during the Term, including continued participation in the Company’s general health and welfare benefit plans and in a group supplemental medical insurance program available to certain of the Company’s senior officers. During the Term, Mr. Goldstein will continue to be entitled to use Company-owned aircraft for business and personal purposes (provided that such personal use may not exceed 125 hours of flight time per year) and first class hotel accommodations for business travel, as well as income tax gross ups for such benefits if they are determined to be taxable income to him.

The foregoing summary is qualified in its entirety by reference to the complete text of the Amendment, a copy of which is filed with this Current Report on Form 8-K.

Cautionary Note Regarding Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking statements made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include the discussions of the Company’s intended board of directors and chief executive officer changes and related statements. In addition, in certain portions included in this press release, the words “intend,” “will” and similar expressions are intended to identify forward-looking statements. The risks and uncertainties that could cause the Company’s actual results or other expectations to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, the risks and uncertainties detailed in Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q filed by the Company 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 such statement is made. The Company assumes no obligation to update any forward-looking statements and information.

ITEM 7.01. Regulation FD Disclosure.

On March 6, 2025, the Company issued a press release regarding Mr. Goldstein’s transition to senior advisor. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information in this Item 7.01 and Exhibit 99.1 furnished hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

ITEM 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit<br>Number Description
10.1 First Amendment to Employment Agreement, dated March 5, 2025, between Las Vegas Sands Corp., Las Vegas Sands, LLC and Robert G. Goldstein.
99.1 Press Release dated March 6, 2025
104 Cover Page Interactive Data File (Formatted as Inline XBRL)

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: March 6, 2025

LAS VEGAS SANDS CORP.
By: /S/ D. ZACHARY HUDSON
Name: D. Zachary Hudson
Title: Executive Vice President, <br>Global General Counsel and Secretary

EX-10.1

Exhibit 10.1

LOGO

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

This First Amendment to Employment Agreement (“First Amendment”) is entered into by and between Las Vegas Sands Corp., a Nevada corporation (“LVSC”), Las Vegas Sands, LLC, a wholly owned subsidiary of LVSC (together with LVSC, the “Company”) and Robert G. Goldstein (“you”) effective as of March 5, 2025, to amend the employment agreement by and between the Company and you on March 22, 2021 (the “Agreement”). Capitalized terms that are used in this First Amendment but not defined herein shall have the meanings assigned to those terms in the Agreement.

In consideration of the mutual promises, covenants, conditions, and provisions contained herein, you and the Company agree as follows:

  1. Term. Section 5 of the Agreement (Term) is replaced in its entirety by the following:

The term of your employment under this Agreement shall commence as of the Effective Date and shall expire on March 1, 2026 (such date, the “Expiration Date,” and such period of employment, the “Term” ), unless sooner terminated as provided under the terms of this Agreement.

  1. Consulting Term and Services. Subject to your continued employment with the Company through the Expiration Date, and conditional upon and subject to your execution (without subsequent revocation) of the General Release substantially in the form attached as Exhibit A to the Agreement (which form may be reasonably modified to reflect changes in the law subsequent to the effective date of the Agreement) within sixty (60) days following your termination of employment, the following provisions shall apply:

(i) during the two (2) year period commencing immediately following the Expiration Date (the “Consulting Term”), you shall provide consulting services to the Company relating to matters appropriate for the attention of the former Chief Executive Officer of the Company, in each case as the Chief Executive Officer of the Company or Company’s Board of Directors may reasonably request of you from time to time (the “Consulting Services”). Specifically, and without limiting the foregoing, you shall make yourself available to the Company for assistance with and consultation on: (a) the Company’s government relations activities, including engagement in China and license renewal in Macao, (b) securing new physical development opportunities for the Company and (c) the Company’s gaming strategies; and

(ii) during the Consulting Term, you shall have the title of “Senior Advisor” to the Company.

  1. Consulting Fee. As consideration for the Consulting Services rendered during the Consulting Term, you shall receive an annual consulting fee of $4.5 million (the “Consulting Fee”), payable in equal monthly installments in arrears within fifteen (15) days after the end of each calendar month during the Consulting Term. Notwithstanding anything to the contrary in the Agreement, during the Consulting Term, except for the Consulting Fee and the benefits provided in Section 4 hereof, you will not be eligible to receive any other compensation from the Company, including, without limitation, any Base Salary, Bonus, Annual RSU Award, other equity-based awards, or any other variable or incentive compensation.

  2. Benefits During the Consulting Term. During the Consulting Term, you shall be entitled to receive the following benefits and arrangements, which shall be subject to the applicable limitations and requirements imposed by the terms of the applicable plans and arrangements and shall be governed in all respects in accordance with the terms of such plans and arrangements as in effect from time to time:

(i) you shall be entitled to continue to participate in the health, medical, dental, vision and hospitalization benefit plans of the Company as in effect and maintained by the Company for the benefit of its employees generally, or for its senior executives, from time to time, in each case subject to all restrictions and limitations contained in such plans or established by government regulation;

(ii) you shall be entitled to continue to participate in the supplemental medical expense reimbursement program as in effect and maintained by the Company for the benefit of its senior executives from time to time, subject to all restrictions and limitations contained in such plan or established by government regulation;

(iii) the Company shall make available to you a private jet aircraft for business and personal use, provided that your personal use of such aircraft shall not exceed one-hundred twenty-five (125) hours of flight time per year. If you are taking a trip on a private jet made available by the Company for you, you may bring one or more members of your family or friends to accompany you on that trip. Your spouse may use a private jet without you on board, provided that any such usage shall count against the limitation on total hours flown per year for personal use set forth above. When you travel for business purposes, the Company shall reimburse you (in accordance with Section 10 of the Agreement (Expense Reimbursement)) for first-class hotel accommodation (up to a one-bedroom suite) and expenses. To the extent that the perquisites provided under this subparagraph are deemed taxable income, you shall receive income tax gross ups as required;

(iv) the Company shall provide you and your spouse with access to the security services made available by the Company to its senior executives, provided that you shall reimburse the Company reasonably promptly for the costs incurred by the Company in connection with provision of such security services; and

(v) the Company shall reimburse you for the reasonable costs incurred in connection with your performance of the Consulting Services, including, without limitation, your use of an offsite office and an executive assistant, upon submission of a reasonable accounting and substantiation of such expenditures adequate to secure for the Company a tax deduction for the same, in accordance with applicable Internal Revenue Service guidelines.

  1. Payment in Lieu of Health Benefits andReimbursements. To the extent that the health, medical, dental, vision and hospitalization benefits provided for in Section 4(i) hereof, or the supplemental medical expense reimbursements provided for in Section 4(ii) hereof, are not permissible after the Expiration Date under the terms of the plans of the Company as then in effect (and such benefits and reimbursements cannot be provided through the Company’s paying the applicable premium for you under COBRA), the Company shall pay you such amount as is necessary to provide you, after tax, with an amount equal to the cost of acquiring, for you and your spouse and dependents, as applicable, on a non-group basis, for the required period, those health, medical, dental, vision and hospitalization benefits and/or supplemental medical expense reimbursements that would otherwise be lost to you and your spouse and dependents, as applicable, as a result of your termination as an employee of the Company. Any amount payable under this Section 5 shall be determined as soon as practicable following the Expiration Date and shall be paid to you within sixty (60) days following the Expiration Date.

  2. Treatment of Equity Awards. During the Consulting Term, your Equity Awards shall be treated as follows:

(i) On the Expiration Date, all of your then-outstanding Equity Awards previously granted to you pursuant to the Agreement or otherwise shall immediately be deemed vested (and shall be exercised or settled in accordance with their terms as applicable); and

(ii) for purposes of any then-outstanding Equity Awards in the form of stock options, you shall not be deemed to have terminated employment with the Company under the applicable stock option award agreement, and any post-termination exercise period set forth in the applicable stock option award agreement shall run from the last day of the Consulting Term.

  1. Restrictive Covenants. You acknowledge and agree that (x) each of the restrictive covenants to which you are subject as of the Expiration Date (including without limitation, the provisions set forth in Section 19 (Restrictive Covenant) of the Agreement) shall survive and continue in full force and effect during the Consulting Term in accordance with its terms and (y) the Restricted Period shall commence immediately following the last day of the Consulting Term; provided that any restrictive covenant may be waived in writing on a case-by-case basis in the sole discretion of the Chair of the Compensation Committee of the Company’s Board of Directors. You further acknowledge and agree that Section 18 (Confidentiality) of the Agreement shall survive and continue in full force and effect in accordance with its terms notwithstanding the termination of the Agreement or this First Amendment for any reason.

  2. Status as an Independent Contractor; No Other Benefits. You understand that, during the Consulting Term, your relationship with the Company will be that of an independent contractor and you will not be considered an employee of the Company for tax purposes or any other purposes. You will not be entitled to or eligible for any benefits or privileges given or extended by the Company to its employees, except as expressly provided under this First Amendment; provided that nothing in this Section 8 shall be construed to limit your rights to receive any benefits or compensation otherwise payable to you in respect of your services as an officer and employee of the Company prior to the commencement of the Consulting Term under the express terms and conditions of the Agreement. You will perform the Consulting Services described herein as generally requested by the Company, but you will determine, in your sole discretion, the place, manner and means by which such Consulting Services are performed, subject to the requirement that you will at all times comply with applicable law. You understand that during the Consulting Term, you will not be an agent of the Company or any of its affiliates, and that you will have no authority, implied or actual, to act on behalf of the Company or any of its affiliates or to enter into any agreement that would bind either the Company or any of its affiliates. Federal, state, and local income tax and payroll tax of any kind will not be withheld or paid by the Company on your behalf with respect to any compensation paid for the Consulting Services. You are solely responsible for paying income taxes on such amounts and, if applicable, self-employment taxes pursuant to applicable law and shall indemnify, defend and hold the Company harmless from any and all liability, damage, cost, fine, penalty, fee, and expense arising from your failure to do so.

  3. Dispute Resolution. Section 21(g) (Dispute Resolution) of the Agreement shall apply to this First Amendment, and any dispute arising under or in connection with this First Amendment or the Consulting Services shall be resolved in accordance therewith.

  4. Miscellaneous. Other applicable provisions under Section 20 (Section 409A; Section 280G) of the Agreement; Section 21 (Miscellaneous) of the Agreement (excluding Section 21(h) (Withholding Taxes) and Section 21(i) (Continuation of Employment)) shall apply to this First Amendment.

  5. Original Agreement. Except as expressly modified by this First Amendment, the terms and conditions of the Agreement are, and shall continue to remain, in full force and effect in accordance with its terms. In the event of a conflict between the terms of this First Amendment and the Agreement, the terms of this First Amendment shall control.

[Signature Page Follows.]

Please indicate your understanding and acceptance of this First Amendment by executing both copies below, and retaining one fully executed original for your files and returning one fully executed original to the Company.

Very truly yours,
LAS VEGAS SANDS CORP.
By: /s/ Zac Hudson
Name: Zac Hudson
Title: EVP & Global General Counsel
Date: March 5, 2025
LAS VEGAS SANDS, LLC
By: /s/ Zac Hudson
Name: Zac Hudson
Title: EVP & Global General Counsel
Date: March 5,<br>2025
I hereby accept the terms of this<br><br><br>First Amendment and agree to abide by the<br><br><br>provisions hereof:
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/s/ Robert G. Goldstein
Robert G. Goldstein
Date: March 5, 2025

[Signature Page to First Amendment to Employment Agreement]

EX-99.1

Exhibit 99.1

LOGO

Las Vegas Sands Chairman and CEO Robert G. Goldstein to Transition to Senior Advisor Role in March 2026

Mr. Goldstein joined Sands Founder Sheldon G. Adelson in 1995 and has been instrumental in the company’s many successes over the past 30years

LAS VEGAS, March 6, 2025 – Las Vegas Sands (NYSE: LVS) announced today that Robert G. Goldstein, its chairman and chief executive officer and long-time senior executive, will transition to the role of senior advisor on March 1, 2026. Mr. Goldstein has agreed to serve as a senior advisor through March 2028. In that capacity, Mr. Goldstein will assist management with its government relations activities, efforts to pursue new physical development opportunities and the company’s gaming strategies.

“This company transformed the industry from a gaming-centric model to the integrated resort model and, through a different strategic approach in each market, meaningfully changed the tourism landscape in Las Vegas, Macao and Singapore. I’ve been fortunate to work with a great team of people over the years, and I specifically want to express my gratitude to Sheldon for his support and friendship. I would also like to thank Dr. Adelson. I look forward to using the years ahead to help the team build toward another great chapter in this company’s history,” Mr. Goldstein said.

Mr. Goldstein joined the company prior to the opening of The Venetian Las Vegas and was intricately involved in its development, ultimately becoming president when it opened in 1999. While The Venetian was being constructed, Mr. Goldstein had numerous areas of responsibility including building the property’s gaming business and its operations. He was also the lead executive responsible for developing the Grand Canal Shoppes, the property’s large retail mall. He attracted new retail brands to the market along with important lifestyle brands, such as Canyon Ranch Spa. His efforts also brought game-changing dining concepts and an impressive roster of celebrity chef restaurants, a model that was still relatively new at the time.

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At the time of its construction, many industry observers predicted the all-suite 3,000-room hotel, which was built to cater to business travelers and convention attendees during the week and leisure visitors on the weekends, would be less than successful.

“In the beginning, we were counted out more times than I can count,” Mr. Goldstein said. “All these years later it is clear the opening of The Venetian was a turning point in the history of the Las Vegas Strip. Sheldon was widely criticized at the time, but his vision and the work we started together 30 years ago has more than stood the test of time.”

During his time as president and chief operating officer of The Venetian and The Palazzo from 1999 to 2010, Mr. Goldstein was responsible for many important property milestones, which also had a broader impact on The Las Vegas Strip as well.

Under Mr. Goldstein’s leadership, The Venetian featured cultural attractions such as the Guggenheim Hermitage Museum along with being among the first Las Vegas properties to attract top-tier Broadway shows including Phantom of the Opera and Jersey Boys. Mr. Goldstein also oversaw The Venetian’s significant hospitality enhancements that were designed to attract more international visitors, especially those coming from Asia where the company opened Sands Macao in 2004 and was actively pursuing other developmental opportunities in the region.

In 2004, Mr. Goldstein led the company’s efforts to sell its retail offerings in The Venetian and the not-yet-opened Palazzo for $1.5 billion. Industry analysts at the time lauded the sale as a “landmark deal” for the value of Las Vegas Strip realty – the sale also led to investment in Las Vegas real estate in a broader context overall. Later that same year, he was present as Sands was traded publicly for the first time on the New York Stock Exchange, where it would become the most valuable company in its industry based on market capitalization.

Another important moment for entertainment in Las Vegas, and the impact Mr. Goldstein had on it, came in September of 2005 when the 40,000 square-foot TAO Nightclub opened at The Venetian.

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The venue was successful from the beginning and set off a new era of large-scale development in Las Vegas centered on nightlife and entertainment.

While the company was expanding its presence in Macao and Las Vegas, Mr. Goldstein was also guiding the development of Sands Bethlehem in eastern Pennsylvania. The project opened in 2009 — reinvigorating the site of the shuttered Bethlehem Steel Mill and becoming a model for future regional casino development. Sands sold the property in 2019 for $1.3 billion.

In late 2014, after having served as president of global gaming operations, Mr. Goldstein was named the company’s president and chief operating officer and continued to work closely with Mr. Adelson and the leadership teams in Las Vegas, Macao and Singapore. When Mr. Adelson passed away in January of 2021, Mr. Goldstein was named the company’s chairman and chief executive officer.

“As one of the first employees of the company, our family has great appreciation for Rob’s leadership and the many contributions he’s made over the years. He has left an indelible mark on the history of the company, and our family will always be thankful for it,” Dr. Miriam Adelson, co-founder and majority shareholder of Sands, said. “Sheldon deeply appreciated Rob’s friendship and counsel, and he would be very grateful for everything Rob has given over the past three decades.”

Mr. Goldstein has always had a strong belief in Las Vegas as a world-class business and tourism location, and that was never more apparent than when he helped assemble a group of local business and community leaders, including other gaming companies, to secure support for a new world-class stadium in Las Vegas. Along with Mark Davis, owner of the National Football League’s Raiders franchise, Mr. Goldstein and others went before the Southern Nevada Tourism Infrastructure Committee and made the case for the benefits the stadium would bring to the region. Ultimately the committee agreed, and a few short years later the Las Vegas Raiders made their debut in a new state-of-the-art 65,000-seat stadium.

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With a new NFL stadium moving ahead, it was time to pursue the next game-changing entertainment project. In early 2018, Madison Square Garden (MSG) Company and Las Vegas Sands announced a partnership to develop MSG Sphere – a new world-class entertainment and music venue located next to The Venetian and its expo and convention center. Mr. Goldstein immediately saw the advantages of having the new venue in such proximity to the company’s Las Vegas properties. He worked closely with MSG Executive Chairman and CEO Jim Dolan to get the project off the ground. Sands contributed the land for the venue and made a capital contribution to the project as well. Sphere opened to rave reviews in the fall of 2023 and has become a can’t-miss attraction and an iconic part of the Las Vegas Strip skyline.

Mr. Goldstein and his wife, Sheryl, have been actively involved in many Las Vegas charitable and civic causes over the years. They both have served on numerous boards and been generous donors to a variety of organizations, including Opportunity Village, Cleveland Clinic Lou Ruvo Center for Brain Health - Las Vegas, Nevada Ballet, Emeril Lagasse Foundation, Adelson Clinic for Drug Abuse Treatment and Research, Public Education Foundation and many others. Mr. Goldstein was also the driving force behind the creation of the Young Women’s Leadership Academy of Las Vegas, a charter school offering a high-quality, all-girls’ education model for Las Vegas-area families.

Both the company and Mr. Goldstein intend for his senior advisor role to be his sole position with the company and its subsidiaries as of March 1, 2026. The company’s board of directors intends to name Mr. Patrick Dumont, the company’s president and chief operating officer, as chairman and chief executive officer upon Mr. Goldstein’s transition to his senior advisor role.

Forward-Looking Statements

This press release contains forward-looking statements made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include the discussions of the company’s intended board of directors and chief executive officer changes and related statements. In addition, in certain portions included in this press release, the words “intend,” “will” and similar expressions are intended to identify forward-looking statements. The risks and uncertainties that could cause the company’s actual results or other expectations to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, the risks and uncertainties detailed in Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q 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 such statement is made. Las Vegas Sands Corp. assumes no obligation to update any forward-looking statements and information.

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About Sands (NYSE: LVS)

Sands is the leading global developer and operator of integrated resorts. The company’s iconic properties drive valuable leisure and business tourism and deliver significant economic benefits, sustained job creation, financial opportunities for local businesses and community investment to help make its host regions ideal places to live, work and visit.

Sands’ portfolio of properties includes Marina Bay Sands^®^ in Singapore and The Venetian^®^ Macao, The Londoner Macao^®^, The Parisian Macao^®^, The Plaza Macao and Four Seasons Hotel Macao, and Sands^®^ Macao in Macao SAR, China, through majority ownership in Sands China Ltd.

Dedicated to being a leader in corporate responsibility, Sands is anchored by the core tenets of serving people, communities and the planet. The company’s ESG leadership has led to inclusion on the Dow Jones Sustainability Indices for World and North America. To learn more, visit www.sands.com.

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Contacts:

Investment Community:

Daniel Briggs

Daniel.Briggs@sands.com

Media:

Ron Reese

Ron.Reese@sands.com

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