Las Vegas Sands's Business Segments

Las Vegas Sands Corp. is a Fortune 500 company and the leading global developer of destination properties that feature premium accommodations, world-class gaming, entertainment and retail malls, convention and exhibition facilities, celebrity chef restaurants and other amenities.

We currently own and operate Integrated Resorts in Asia and the United States. We believe our geographic diversity, best-in-class properties and convention-based business model provide us with the best platform in the hospitality and gaming industry to continue generating substantial growth and cash flow while simultaneously pursuing new development opportunities. Our unique convention-based marketing strategy allows us to attract business travelers during the slower mid-week periods while leisure travelers occupy our properties during the weekends. Our convention, trade show and meeting facilities, combined with the on-site amenities offered at our Macao, Singapore and Las Vegas Integrated Resorts, provide flexible and expansive space for conventions, trade shows and other meetings.

We focus on the mass market, which comprises our most profitable gaming segment. We believe the mass market segment will continue to have long-term growth as a result of the introduction of more high-quality gaming facilities and non-gaming amenities into our various markets.

Our properties also cater to high-end players by providing them with luxury amenities and premium service levels. These amenities include luxury accommodations, restaurants, lounges, invitation-only clubs and private gaming salons. In each of the regions where we operate, the Paiza brand is associated with certain of these exclusive facilities and represents an important part of our VIP gaming marketing strategy. We also offer players club loyalty programs at our properties, which provide access to rewards, privileges and members-only events. Additionally, we believe being in the retail mall business and, specifically, owning some of the largest retail properties in Asia will provide meaningful value for us, particularly as the retail market in Asia continues to grow.

Through our 70.0% ownership of Sands China Ltd. ("SCL"), we own and operate a collection of Integrated Resorts in the Macao Special Administrative Region ("Macao") of the Peoples Republic of China ("China"). These properties include The Venetian Macao Resort Hotel ("The Venetian Macao"); Sands Cotai Central; The Parisian Macao; The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip (the "Four Seasons Hotel Macao"); and the Sands Macao.
In Singapore, we own and operate the iconic Marina Bay Sands, which has become one of Singapores major tourist, business and retail destinations since its opening in 2010.

Our properties in the United States include The Venetian Resort Las Vegas, a luxury resort on the Las Vegas Strip, and the Sands Expo and Convention Center (the "Sands Expo Center," and together with The Venetian Resort Las Vegas, the "Las Vegas Operating Properties") in Las Vegas, Nevada.

We are dedicated to being a good corporate citizen, anchored by the core values of serving people, planet and communities. We strive to deliver a positive working environment for our team members worldwide and pledge to promote the advancement of aspiring team members through a range of educational partnerships, grants and leadership training. We also drive social impact through the Sands Cares charitable giving and community engagement program, and environmental performance through the award-winning Sands ECO360 global sustainability program. Through our Sands ECO360 global sustainability program, we develop and implement environmental practices to protect natural resources, offer our team members a safe and healthy work environment, and enhance the resort experiences of our guests. In 2019, we were the only casino and gaming company to be named on both the Dow Jones Sustainability North America Index and the FTSE4Good Index, recognizing our leadership and performance across economic, environmental and social areas. In addition, CDPs annual A List names the worlds most pioneering companies leading on environmental transparency and performance. For the second consecutive year, we have been named to the A List for both CDP Water Security and CDP Climate Change. We are committed to creating and investing in industry-leading policies and procedures to safeguard our patrons, partners, employees and neighbors. Project Protect is our responsible gaming, anti-human trafficking and financial crime prevention program. Our industry-leading Integrated Resorts provide substantial contributions to our host communities including growth in leisure and business tourism, sustained job creation and ongoing financial opportunities for local small and medium-sized businesses.

Las Vegas Sands Corp. is a prominent global leader in the gaming, hospitality, and entertainment industries. The company operates several high-profile Integrated Resorts and offers a wide array of products and services designed to provide a comprehensive and luxurious experience for guests. Below is a detailed examination of the various segments, products, and services that Las Vegas Sands Corp. offers.

Operating Segments

Las Vegas Sands operates primarily across three major geographic areas: Macao, Singapore, and the United States. Within these regions, they emphasize their Integrated Resort model, which combines a variety of entertainment, dining, and accommodation options.

1. Macao
Macao is one of the key markets for Las Vegas Sands, featuring several flagship Integrated Resorts:

- The Venetian Macao: This luxurious resort reflects the charm of Venice, featuring gondola rides and finely appointed luxury suites. It includes a large casino, conference facilities, and various dining options, from casual eateries to fine dining restaurants.

- Sands Cotai Central: Undergoing transformation to become The Londoner Macao, this resort will feature a British theme with reimagined accommodations and attractions designed to enhance the guest experience. It includes a substantial gaming area, retail offerings, dining options, and entertainment venues.

- The Parisian Macao: Themed after Paris, this resort features the iconic Eiffel Tower replica and a variety of French-themed attractions. It includes a casino, hotel accommodations, shopping experiences, and a range of gastronomic delights.

- The Plaza Macao and Four Seasons Hotel Macao: This luxury destination includes high-end accommodations at the Four Seasons, a massive casino, fine dining, and world-class shopping options.

- Sands Macao: This was one of the first properties to open in the region, offering a substantial gaming floor and a selection of dining and retail options.

Singapore
- Marina Bay Sands: A renowned architectural masterpiece, this Integrated Resort is famous for its SkyPark, infinity pool, and stunning views of the Singapore skyline. The resort includes a casino, theatres, shopping malls, a convention center, celebrity chef restaurants, and extensive leisure and entertainment amenities.

United States
- Las Vegas Operating Properties: This segment consists of several well-established resorts and casinos in Las Vegas, offering a broad range of gaming and entertainment options.

- Sands Casino Resort Bethlehem: Located in Pennsylvania, this resort features a casino, hotel accommodations, and diverse dining outlets, along with retail opportunities on the premises.

Retail Operations
Las Vegas Sands Corp. owns and operates retail malls integrated within its resorts, which contribute significantly to the guest experience. The retail space encompasses high-end stores, designer boutiques, and a variety of other shopping experiences. Upon the completion of renovations and expansions at Sands Cotai Central, the companys total gross retail space is set to reach approximately7 million square feet across its properties, allowing for a diverse shopping experience that caters to both luxury and everyday consumers.

Additional Services and Offerings
Apart from gaming and hospitality, Las Vegas Sands offers a range of ancillary services:

- Conventions and Meetings: The Integrated Resorts provide extensive meeting and exhibition facilities, capable of hosting large-scale conventions and business events, supported by a range of accommodations and amenities.

- Entertainment: Las Vegas Sands hosts various entertainment options, including live performances, theatrical shows, and events that cater to different audiences, both locally and from abroad.

- Ferry Operations in Macao: The company operates ferry services that provide convenient transport between the mainland and its Macao properties, enhancing accessibility for guests.

- Dining: The resorts feature an impressive array of dining options, ranging from casual dining to high-end restaurants helmed by celebrity chefs. This variety caters to diverse culinary tastes and preferences, ensuring guests have numerous choices.

- Spa and Wellness Services: Many of the resorts include luxurious spas that offer a range of treatments aimed at enhancing relaxation and well-being.

Development and Expansion Projects
Las Vegas Sands is committed to ongoing development and revitalization of its properties. Key initiatives include:

- The Londoner Macao: This project will expand and enhance the existing Sands Cotai Central, introducing new accommodations, suites, and themed attractions aligned with a British concept.

- The Grand Suites at Four Seasons: Upgrades and expansions aimed at enhancing luxury accommodation options at its high-end properties.

- Las Vegas Condominium Project: Although currently on hold, this project represented the companys diversification into residential developments within Las Vegas.

In conclusion, Las Vegas Sands Corp. operates an extensive array of Integrated Resorts across key markets, providing a wide spectrum of products and services centered on luxury hospitality, gaming, and entertainment. With ongoing projects and developments, the company is positioned to enhance its offerings and maintain its status as a leader in the global resort and gaming industry.