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Las Vegas Sands
LVS · NYSECasinos & Gaming
The economic chain
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Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
Builders &suppliersconstruction, gaming kit,…Enablersregulators, junkets, paym…Resortoperatorthe hub that hostsProperties &channelscasinos, hotels, conventi…Guestswho actually paysWHWoh HupLNWLight & WonderALLAristocrat···Gaming-kit & F&B suppliersREGGaming regulatorsPAYPayments & UnionPayAIRAirlines & travelLVSLas Vegas Sands1928Sands ChinaMBSMarina Bay SandsCASCasino floorsMICEHotels, conventions & mallsVIPVIP & premium players···Mass-market visitorsCONVConvention & business guests
Company details
Market cap
$33B
P/E ratio
18×
Div yield
2.1%
EPS (TTM)
~$3.10
Revenue (TTM)
$13.7B
Rev. growth
+25%
Q1'26 net income
$641M
Sands China owned
~75%
In plain English
Las Vegas Sands is the world's largest builder and operator of integrated resorts — giant casino-hotel-convention complexes. Despite the name it earns nearly all its money in Asia: a cluster of Macao mega-resorts (the Venetian, Londoner, Parisian) run through its 75%-owned Sands China, plus the iconic Marina Bay Sands in Singapore. The Adelson family still controls a majority of the company.
In simple terms
What Las Vegas Sands really sells
Las Vegas Sands is the world's largest builder and operator of integrated resorts — giant casino-hotel-convention complexes. Despite the name it earns nearly all its money in Asia: a cluster of Macao mega-resorts (the Venetian, Londoner, Parisian) run through its 75%-owned Sands China, plus the iconic Marina Bay Sands in Singapore. The Adelson family still controls a majority of the company.
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