Las Vegas Sands plans to boost its stake in Sands China to close to 72% Sep. 13, 2024 6:53 AM ET By: Clark Schultz , SA News Editor [Seeking Alpha]
Las Vegas Sands Corp. (LVS)
Last las vegas sands corp. earnings: 4/22 04:05 pm
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US:NYSE Investor Relations:
investor.sands.com/ir-home/default.aspx
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Source: Seeking Alpha
The casino company made the announcement in a regulatory filing with the Hong Kong Stock Exchange. An entity named Venetian Venture Development Intermediate II and another financial services firm stated their intention to purchase the $103 million worth of shares in Macau-based Sands China ( OTCPK:SCHYY OTCPK:SCHYF ). Based on Sands China's ( OTCPK:SCHYY OTCPK:SCHYF ) current trading price, the stock purchases would amount to a 0.74% stake in the company and boost Las Vegas Sands' ( LVS ) ownership position to just under 72%. In December 2023, Las Vegas Sands ( LVS ) boosted its position in Sands China ( OTCPK:SCHYY OTCPK:SCHYF ) by $250 million. On the development front, Las Vegas Sands ( LVS ) CEO Rob Goldstein said the casino operator plans another development in Singapore to complement its highly profitable Marine Bay Sands casino resort there. At an investor conference last month, Goldstein noted that Singapore is going through a growth spurt. "All of a sudden Singapore's beco
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LVS
Earnings
- 7/24/24 - Miss
LVS
Sec Filings
- 8/29/24 - Form 4
- 7/26/24 - Form S-8
- 7/26/24 - Form 10-Q
- LVS's page on the SEC website