Las Vegas Sands subsidiary awarded 10-year Macao gaming concession with $3.8B investment

LAS VEGAS SANDS CORP

VML awarded 10-year Macao concession (Jan 1, 2023 – Dec 31, 2032); 1,680 gaming tables and 3,700 machines authorized.
Committed investment MOP30.239B (~US$3.8B), of which MOP27.8B (~US$3.5B) on non-gaming projects.
Key payments: 35% special gaming tax on GGR, annual premium (fixed MOP30M + variable), and 5% special levies.
Press release outlines non-gaming projects: new 18,000 sqm MICE facility, 50,000 sqm garden-themed attraction, Cotai Arena upgrade, luxury yacht experience.
If Macao annual GGR reaches MOP180B+, non-gaming investment may increase up to 20% in following year (subject to deduction after year 5).

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

LAS VEGAS SANDS CORP entered into Concession Contract with Macao valued at 10-year gaming concession for casino games of chance in Macao, with various payment obligations and (effective 2022-12-16).

Action: entry
Agreement: license
Counterparty: Macao
Value: 10-year gaming concession for casino games of chance in Macao, with various payment obligations and
Effective: 2022-12-16

Exact text from the filing

On December 16, 2022, Venetian Macau Limited (“VML”), an indirect subsidiary of Las Vegas Sands Corp. (the “Company”), entered into a gaming concession contract with Macao (the “Concession Contract”), under which VML was awarded a gaming concession for the operation of casino games of chance in Macao (the “Concession”).

View on SEC.gov

38 material agreements filed in the last 30 days. Browse all material agreements →

LAS VEGAS SANDS CORP filing history →

Source: SEC EDGAR

accession 0001300514-22-000139

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.