---
schema_version: "secwatch.filing_event.v1"
accession: "0001300514-22-000139"
form_type: "8-K"
ticker: "LVS"
cik: "0001300514"
company_name: "LAS VEGAS SANDS CORP"
filed_at: "2022-12-19T23:59:59+00:00"
generated_at: "2026-06-21T02:24:22.779294+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001300514-22-000139
- form_type: 8-K
- ticker: LVS
- cik: 0001300514
- company_name: LAS VEGAS SANDS CORP
- filed_at: 2022-12-19T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1300514/000130051422000139/0001300514-22-000139-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1300514/000130051422000139/lvs-20221216.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001300514-22-000139
- JSON: https://secwatch.observer/filing/0001300514-22-000139.json
- Plain text: https://secwatch.observer/filing/0001300514-22-000139.txt

## Key facts
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1300514/000130051422000139/0001300514-22-000139-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.