Crazy Time: Sands Casino: The Sands brand is one of the most iconic names in the global casino and hospitality industry. Originally founded in Las Vegas, it has since expanded to dominate Asian markets, particularly in Macau and Singapore. While the Sands name once belonged to the famous Las Vegas Sands Corporation, the ownership structure has evolved, and the name “Sands Casino” can now refer to different properties under different jurisdictions and management teams.
Sands Casino: This article explores the ownership, corporate structure, and key stakeholders of Sands Casino, with a focus on its current operations after the divestiture of its Las Vegas properties.
🏛 Background: From Las Vegas to the East
Sands Casino: The original Las Vegas Sands Corporation was founded in 1988 by billionaire entrepreneur Sheldon Adelson, who played a pivotal role in turning the company into a global hospitality and gaming empire. Adelson’s vision extended far beyond Las Vegas, and he led expansions into Macau and Singapore, regions that would come to define the company’s future.
Sands Casino: Following Adelson’s passing in 2021, the company has undergone substantial changes, including the sale of its Las Vegas properties.
🧾 Corporate Ownership: Las Vegas Sands Corporation
As of 2025, Sands Casino properties fall under the corporate umbrella of:
| Company Name | Las Vegas Sands Corporation (LVS) |
|---|---|
| Ticker Symbol | LVS (NYSE) |
| Headquarters | Las Vegas, Nevada, USA |
| CEO (as of 2025) | Robert G. Goldstein |
| Primary Operations | Macau (SAR, China), Singapore |
| Employees (approx.) | 45,000+ |
Despite the name, LVS no longer owns any property in Las Vegas. In 2022, LVS sold The Venetian Resort Las Vegas, including The Palazzo and the Venetian Expo, to Apollo Global Management and VICI Properties for $6.25 billion.
🏢 Current Portfolio of Sands Casinos
Las Vegas Sands now primarily operates in Asia, where it holds some of the most lucrative gaming licenses and properties.
Table: Active Sands Casino Properties Under LVS
| Property Name | Location | Ownership | Status |
|---|---|---|---|
| Marina Bay Sands | Singapore | Fully owned | Operational |
| The Venetian Macao | Macau, China | Owned via Sands China | Operational |
| Sands Macao | Macau, China | Owned via Sands China | Operational |
| The Parisian Macao | Macau, China | Owned via Sands China | Operational |
| The Londoner Macao | Macau, China | Owned via Sands China | Operational |
| Four Seasons Hotel Macao | Macau, China | Owned via Sands China | Operational |
📊 Subsidiary Structure: Sands China Ltd.
Most of LVS’s Asian operations, especially in Macau, are managed through a publicly traded subsidiary called Sands China Ltd., which is listed on the Hong Kong Stock Exchange.
Table: Sands China Ltd. Overview
| Attribute | Value |
|---|---|
| Parent Company | Las Vegas Sands Corp. (Approx. 70% stake) |
| Market Listing | Hong Kong Stock Exchange (1928.HK) |
| CEO (2025) | Wilfred Wong |
| Headquarters | Macau SAR |
| Properties Managed | All Macau casinos listed above |
Sands China Ltd. is crucial to LVS’s financial health, as Macau remains the world’s largest gambling hub, even after regulatory tightening by the Chinese government.
💼 Major Shareholders (as of 2025)
While Sands is publicly traded, a large portion of the company is owned by institutional investors and family trusts associated with the Adelson estate.
Table: Major LVS Shareholders
| Shareholder Name | Estimated Ownership % |
|---|---|
| Miriam Adelson & Family Trust | ~56% |
| Vanguard Group | ~7% |
| BlackRock | ~5% |
| State Street Corporation | ~3% |
| Public & Institutional Investors | ~29% |
Miriam Adelson, the widow of Sheldon Adelson, remains a major shareholder and has significant influence over the direction of the company.
💵 Financial Performance Snapshot (2024)
| Metric | Value (USD) |
|---|---|
| Revenue | ~$10.4 Billion |
| EBITDA | ~$3.2 Billion |
| Net Income | ~$1.6 Billion |
| Market Capitalization | ~$38 Billion |
| Dividend Yield | 1.8% |
🔄 Recent Developments
- Expansion of Marina Bay Sands: A multibillion-dollar expansion is underway to add new hotel towers, retail, and entertainment.
- Digital Gaming: LVS has begun exploring opportunities in digital and online gaming, although it remains focused on land-based operations for now.
- Sustainability and ESG: The company has increased its investment in green initiatives, water conservation, and social responsibility projects in Macau and Singapore.
🌏 Future Outlook
With a heavy concentration in Asia, LVS’s fate is tied to regulatory stability in Macau and continued tourism growth in Southeast Asia. Analysts believe that LVS is well-positioned for the long term due to:
- Its brand reputation
- Strong management team
- Strategic geographic focus
Final Thoughts
Although the name “Sands Casino” might evoke memories of the Las Vegas Strip, today it is an empire centered in Asia, controlled largely by Las Vegas Sands Corp., with Miriam Adelson as a key shareholder. Through its public subsidiaries, strong brand identity, and high-end properties, Sands continues to be a global leader in gaming and integrated resorts.
