LAS VEGAS, July 12, 2021 /PRNewswire/ -- Las Vegas
Sands today announced an effort which will see the company become a
strategic investor in digital gaming technologies focused primarily
in the business-to-business space.
As part of this effort, the company is building a digital gaming
investment team, which will be led by Mr. Davis Catlin. Mr. Catlin is joining Sands after
fourteen years with a leading investment firm. For the last decade,
Mr. Catlin led that firm's investments in both public and private
companies in digital gaming.
"Sands is determined to grow its leadership position within the
industry and is committed to doing that through strategic steps we
think best position the company for future growth," said
Robert Goldstein, the company's
chairman and chief executive officer. "Digital gaming and
other related offerings are still very much in the early stages of
development, and we believe there is an outstanding opportunity for
us to invest in the technologies being developed."
"We believe our company's platform, expertise, and financial
resources, together with the investment team led by Davis, will
provide meaningful opportunities to make investments that will
generate significant long-term benefits for the company. And
just as our integrated resorts were not built in a day, by being
patient and investing for the long-term, we believe these
investments in digital gaming technology will deliver significant
returns for the company and its shareholders," concluded Mr.
Goldstein.
About Las Vegas Sands Corp. (NYSE: LVS)
Las Vegas Sands is the world's preeminent developer
and operator of world-class Integrated Resorts. We deliver
unrivaled economic benefits to the communities in which we operate.
Sands created the meetings, incentives, convention and
exhibition (MICE)-based Integrated Resort. 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.
Our properties include The Venetian
Resort and Sands Expo in Las Vegas and the iconic Marina
Bay Sands in Singapore.
Through majority ownership in Sands China Ltd., we have
developed the largest portfolio of properties on the Cotai Strip in
Macao, including The Venetian
Macao, The Plaza and Four Seasons Hotel
Macao, The Londoner Macao and The Parisian Macao, as
well as the Sands Macao on the Macao Peninsula.
Sands is dedicated to being a good corporate citizen, anchored
by the core tenets of serving people, planet and communities.
We deliver a great working environment for our team members
worldwide, drive social impact through
the Sands Cares community engagement and charitable
giving program and lead in environmental performance through the
award-winning Sands ECO360 global sustainability program. To
learn more, please visit www.sands.com.
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. Forward-looking statements involve a
number of risks, uncertainties or other factors beyond the
company's control, which may cause material differences in actual
results, performance or other expectations. These factors include,
but are not limited to: the uncertainty of the extent, duration and
effects of the COVID-19 pandemic and the response of governments
and other third parties, including government-mandated property
closures, increased operational regulatory requirements or travel
restrictions, on our business, results of operations, cash flows,
liquidity and development prospects; general economic conditions;
disruptions or reductions in travel and our operations due to
natural or man-made disasters, pandemics, epidemics, or outbreaks
of infectious or contagious diseases; our ability to invest in
future growth opportunities; execute our previously announced
capital expenditure programs in both Macao and Singapore, and produce future returns; new
development, construction and ventures; government regulation;
risks relating to our gaming licenses and subconcession; our
subsidiaries' ability to make distribution payments to us;
substantial leverage and debt service; fluctuations in currency
exchange rates and interest rates; gaming promoters; competition;
tax law changes; transportation infrastructure in Macao; political instability, civil unrest,
terrorist acts or war; legalization of gaming; insurance; and other
factors detailed in the reports 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 thereof. Las Vegas Sands Corp. assumes no
obligation to update such information.
Contacts:
Investment Community:
Daniel Briggs
(702) 414-1221
Media:
Ron Reese
(702) 414-3607
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SOURCE Las Vegas Sands