Las Vegas Sands Corporation is an American–based gambling and hospitality company founded in 1988 by Sheldon Adelson. The company's main business is casino and entertainment properties across the world, including the Venetian Resort Hotels and Casinos in Las Vegas, Nevada and Macau, China.
The Las Vegas Sands Corporation began as a small casino business in Las Vegas, Nevada in 1988. Adelson first purchased the old Sands Hotel for $128 million and invested over $1 billion to transform it into the luxurious Venetian Resort Hotel & Casino. The Venetian opened in 1999 and was one of the most ambitious projects ever undertaken in the city of Las Vegas.
The company has since expanded its operations to Macau, Singapore, and other locations. The company also owns and operates the Sands Expo & Convention Center in Las Vegas. In addition to its casino and hotel properties, the company also owns and operates a number of retail stores, restaurants, and other businesses.
Las Vegas Sands has a long and interesting history in the aviation industry. In 2000, the company purchased the Stratosphere Hotel & Casino, located at the top of the Stratosphere Tower. The purchase of the Stratosphere allowed Las Vegas Sands to expand its reach into the aviation industry with the formation of the Sands Airline.
The Sands Airline was established in 2001 as a regional carrier to serve the Las Vegas metropolitan area. The airline's fleet consisted of five Boeing 737-300 aircraft and seven Boeing 727-200 aircraft. The airline provided scheduled service to many cities in the western United States, including Los Angeles, Phoenix, San Francisco, and Salt Lake City.
Las Vegas Sands has achieved several important milestones in its history. In 2004, the company announced plans to develop a new hotel and casino complex in Macau, which opened in 2007. In 2009, the company opened the Marina Bay Sands in Singapore, marking the first time Las Vegas Sands had opened a property outside of the United States. In 2012, the company opened the Parisian Macau, which was the largest integrated resort in the world at that time.
Las Vegas Sands has experienced its share of incidents in the past. In 2019, the company was fined $6.96 million by the U.S. Department of Justice for failing to properly report suspicious activity at its casinos. In 2020, the company was also fined $2 million by the Nevada Gaming Commission for failing to properly investigate and report suspicious activity at one of its casinos.
Las Vegas Sands has come a long way since its inception in 1988. Today, the company is one of the largest and most successful casino and entertainment companies in the world. With its expansive portfolio of properties and its commitment to providing quality entertainment and hospitality, Las Vegas Sands is sure to remain a leader in the industry for many years to come.