Las Vegas Sands (LVS)
Operates integrated casino resorts spanning hotels, retail, entertainment, and conventions in Macao and Singapore.
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Operates integrated resorts in Macao and Singapore, earning revenue from casino gaming, hotel rooms, retail malls, dining, entertainment, and conventions. The portfolio is concentrated in two regulated Asian markets, with Macao operated through majority-owned Sands China.
Operates integrated resorts in Macao and Singapore, combining casinos with luxury hotels, retail malls, dining, entertainment, and meeting and convention facilities. The Macao portfolio comprises The Venetian Macao, The Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Macao, and Sands Macao; Marina Bay Sands is the Singapore property.
Uses the scale of interconnected properties and extensive convention and entertainment venues to serve leisure and business travelers alongside mass-market, premium-mass, and VIP gaming customers. Revenue comes from gaming, hotel rooms, retail malls, food and beverage, conventions, and other resort activities.
Is expanding Marina Bay Sands with a hotel tower, arena, meeting space, and premium gaming areas. Macao operations sit within majority-owned Sands China and depend on a government concession, while Marina Bay Sands' casino requires a separate Singapore license.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 2, 2026 | Wolfe Research | Initiate | Rating: — | |
| Jul 30, 2026 | H.C. Wainwright | Downgrade | Rating: — | |
| Jul 30, 2026 | Argus Research | Downgrade | ||
| Jul 27, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $68 | Target: $61 |
| Jul 23, 2026 | Mizuho Securities | Target | Target: $65 | Target: $61 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $3.38B · Total debt $15.26B · Total assets $19.91B · Shareholders' equity $581.0M
- Revenue
- $3.15B
- Operating income
- $618.0M
- Net income
- $373.0M
HistoryDividendAnnual yield
| Institutions | 41.92% | 271.53M shares | |
|---|---|---|---|
| 752 holders · as of Jun 30, 2026 | |||
| Insiders | 52.82% | 342.11M shares | |
| 12 holders · as of Sep 2, 2026 | |||
| Other | 5.26% | 34.07M shares | |
| remainder | |||
647.70M company shares as of Sep 10, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Miriam Adelson1Insider10 percent owner | 52.55% | 341.44M | filed Sep 2, 2026 |
Capital Research Global InvestorsInstitution | 5.26% | 34.04M | filed Nov 13, 2025 |
BlackRock, Inc.Institution | 3.84% | 24.84M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 3.00% | 19.45M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 2.88% | 18.65M | as of Jun 30, 2026 |
- Miriam Adelson's transaction reports restate only vehicles that traded; the 2026 ownership statement (341.44M) less the 1.08M net shares sold since is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Apr 27, 2026 | Charles D. Forman | director | −11,400 | $54.09 |
| Mar 17, 2026 | Patrick Dumont | director, officer: Chairman & CEO | −60,165 | $54.75 |
| Dec 16, 2025 | Miriam Adelson | 10 percent owner | −77,991 | $67.56 |
| Dec 17, 2025 | Robert G. Goldstein | director, officer: Chairman & CEO | −1,198,650 | $66.68 |
| Dec 16, 2025 | Robert G. Goldstein | director, officer: Chairman & CEO | −51,350 | $67.58 |
- MGM Resorts International
Macao concession peer at record 16.1% market share via MGM Macau and MGM Cotai.
- Wynn Resorts
Premium Macao concession peer: Wynn Palace on Cotai, Wynn Macau on Peninsula.
- Melco Resorts & Entertainment (ADR)
Macao concession peer with City of Dreams and Studio City on the Cotai Strip.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Las Vegas Sands | $39.11 | −1.49% | $25.71B | 15.4 | 11.8 | 1.9 | −0.7% |
| MGM Resorts International | $38.23 | −1.72% | $9.79B | 23.6 | 23.3 | 0.6 | +1.1% |
| Wynn Resorts | $81.03 | −1.79% | $8.56B | 19.8 | 18.2 | 1.2 | +6.9% |
| Melco Resorts & Entertainment (ADR) | $4.70 | −1.78% | $1.86B | 8.0 | 10.1 | 0.4 | −5.7% |
| Median | 19.8 | 18.2 | 0.6 | +1.1% |