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Las Vegas Sands

Las Vegas Sands Appoints LPGA Tour Champion Minjee Lee as Brand Ambassador

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Las Vegas Sands announced eight-time LPGA Tour champion Minjee Lee as the company’s first female brand ambassador.

Working together, Lee and Sands will showcase the success of female champions as role models for young athletes and young women, while promoting women’s golf to a broader audience at the company’s resorts and through its Sands Cares community engagement program. Lee’s involvement with Sands will include inspirational talks and appearances at company events benefiting community partners, furthering its commitment to their missions.

“It’s really important for global companies to support women in sports, especially women’s golf. Our sport has grown tremendously, and a lot of work has been put into building its profile. It’s great to have Sands recognize this momentum and step up to be part of our movement,” Lee said.

Currently ranked 5th in the Rolex Women’s World Golf Rankings, Lee has won two major championships including the Amundi Evian Championship in 2021 and the 2022 US Women’s Open. A native of Perth, Australia, she represented her home country in the 2016 and 2020 Olympic Games and has established herself as the most consistent player in the world, spending more than 400 straight weeks inside the top 20 of the Women’s World Golf Rankings. Lee and her brother Min Woo Lee, also a professional golfer, are the first brother-sister pair to win USGA junior championships.

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“We’re committed to empowering women, in particular young women, to compete on a level playing field with equal opportunities and the same visibility given to other sports. Our goal is to showcase Minjee’s success as inspiration for others to aim to their highest potential. As an Australian native of Korean heritage, we’re especially excited to have her visit our Asia-Pacific properties, along with supporting initiatives in the United States,” Rob Goldstein, Chairman and CEO of Las Vegas Sands, said.

DJSI

Las Vegas Sands Named to the Dow Jones Sustainability Indices for World and North America

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Las Vegas Sands was again recognized on the Dow Jones Sustainability Indices (DJSI), with placement on the DJSI World Index for the fourth consecutive year and the DJSI North America Index for the eighth time. Sands China Ltd., the company’s Asian subsidiary, was named to the DJSI World and DJSI Asia Pacific indices for the second consecutive year.

Sands and Sands China are the only two companies in the Casino and Gaming category listed on DJSI World this year, out of 19 companies invited to participate. Sands is the only company in the Casino and Gaming category listed on DJSI North America, and Sands China is one of only two companies in the Casino and Gaming category listed on DJSI Asia Pacific.

The DJSI World Index comprises global sustainability leaders as identified by S&P Global through the Corporate Sustainability Assessment (CSA). It represents the top 10% of the largest 2500 companies in the S&P Global BMI based on long-term economic, environmental and social criteria. The DJSI North America and DJSI Asia Pacific indices represent the top 20% of the 600 largest North American companies and the top 20% of the 600 largest companies in the Asia Pacific developed region in the S&P Global BMI based on the same criteria.

“Our recognition on this premier global sustainability benchmark, following our recent inclusion as one of Newsweek’s America’s Most Responsible Companies, underscores the impact of our corporate responsibility initiatives and ESG leadership. We aim to be the employer and partner of choice in our regions, a model corporate citizen working to ensure strength and resiliency of our communities, and the industry leader in environmental sustainability,” Patrick Dumont, president and chief operating officer of Las Vegas Sands, said.

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Sands’ DJSI inclusions also reflect the company’s adaptability in aligning efforts and reporting to the major methodology changes and public disclosure expectations made for the CSA this year. The approach is reflective of Sands’ focus on transparency as defined by the major ESG authorities and a dedication to continuously expanding its impact.

With the goal of achieving measured, ongoing progress, Sands also has established 2021-25 ambitions in the areas of workforce development, Team Member volunteerism and carbon emissions reduction, mapping to its People, Communities and Planet corporate responsibility pillars.

Under the People pillar, Sands aims to invest $200 million in workforce development by 2025. As of 2022, the company had invested $56 million in workforce development initiatives, bringing its cumulative investment to $113 million since 2021, well past the halfway point. Sands is focused on building the workforce of the future by supporting the professional growth of its Team Members, advancing the skills of hospitality industry professionals as well as the local labor pool in its regions, and helping local businesses, especially small and medium enterprises, succeed.

Finally, Sands works to ensure the long-term environmental health of its regions through the Planet pillar, led by the Sands ECO360 global sustainability program. The company’s 2025 environmental ambition is to achieve a 17.5% reduction in carbon emissions. As of 2022, Sands had achieved a 50% reduction in carbon emissions from its 2018 baseline; however, the cumulative decrease reflected continued pandemic-related impact on property visitation. As business returns to more normal levels in 2023, Sands is continuing to aggressively pursue its low-carbon transition initiatives in the areas of energy efficiency, renewable energy and transportation.

The DJSI, including the Dow Jones Sustainability World Index (DJSI World), were launched in 1999 as the pioneering series of global sustainability benchmarks available in the market. The index family is comprised of global, regional and country benchmarks. The S&P Global Corporate Sustainability Assessment (CSA) is an annual evaluation of companies’ sustainability practices. It covers over 10,000 companies from around the world. The CSA focuses on sustainability criteria that are both industry-specific and financially material and has been doing so since 1999.

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Canada

Las Vegas Sands Signs Preliminary 99-Year Lease for New York Location

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Las Vegas Sands has signed a preliminary deal for a 99-year contract for the usage of Nassau Veterans Memorial Coliseum, with a plan to develop an integrated resort with a casino on Long Island.

However, the Las Vegas company drew a line in the sand when revealing information about the development and offered no new details about the project. Approval to obtain the site will be overseen by the 19-member Nassau County Legislate, with a decision expected to be made on 19 May.

This news comes a week after Las Vegas Sands released its Q1 results for 2023, with the company reporting net revenue of $2.12bn.

The 16,000-seat Nassau Coliseum was home to NHL team the New York Islanders until 2021 and is also used for graduations, minor league baseball and lacrosse matches.

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The deal is still dependent on Las Vegas Sands bidding for and acquiring one of the state’s new licences, with Goldstein not expecting to know if they will be successful in the bid until 2024.

If successful, a range of amenities will be included in the facility, with the casino due to take up less than 10% of the space. It will also include outdoor community spaces, four and five-star hotel rooms, a performance venue, celebrity chef restaurants, experimental events, and venues.

Las Vegas Sands Chairman and CEO Rob Goldstein along with Nassau County Executive Bruce Blakeman stated that this agreement is the first step in Las Vegas Sands making a bid to apply for one of three Downstate New York gaming licenses that are overseen by New York’s Gaming Facility Location Board.

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Las Vegas Sands completes strategic investment in newly formed Huddle Tech Inc.

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Las Vegas Sands, the global integrated resort developer, has backed newly formed Huddle Tech Inc. with a strategic investment, following the recent merger of Huddle Gaming and DeckPrism Sports.

Huddle offers an array of advanced automated solutions for trading, odds feeds, and risk management for iGaming operators.

DeckPrism is the premier provider of North American odds specializing in providing in-play betting markets for NFL, NCAA football, NBA, NCAA basketball, MLB, and NHL.

The landmark merger sees the new entity, which will now simply be known as Huddle, grow to a team of 80 with diverse expertise and skills. Huddle can now both better serve existing clients and expand its offering into a full suite of best-in-class products that will help iGaming operators move into the future of odds-making and managed trading services.

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Speaking on the merger and investment, Francesco Borgosano, CEO at Huddle Tech Inc. and co-founder of Huddle, said: “Our long-term vision remains the same – we believe that there is no technology out there that will be better constructed to meet the needs of the modern operator. Operators need product differentiation, innovation, and operational efficiency, and that’s what Huddle brings.

“By combining our expertise with the IP and know-how of DeckPrism Sports, we have both solidified our existing products as well as dramatically accelerated our product development along that path.”

Ed Miller, VP Innovation at Huddle Tech Inc. and co-founder of DeckPrism Sports, added: “This move enables us to see through our vision to change the way the global sports betting industry does its odds-making and managed trading. The merger between Huddle and DeckPrism Sports gives us all the capabilities to become the new worldwide gold standard in the space.”

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