Las Vegas Sands subsidiaries execute Deeds of Reversion and Handover Record for Macau concession

LAS VEGAS SANDS CORP

On Dec 30, 2022, four Macau subsidiaries entered into Deeds of Reversion and a Handover Record with Macao.
Games areas revert to Macao without compensation effective Dec 31, 2022, but VML may continue use under Handover Record.
Annual compensation: MOP750/sqm first year, then CPI-adjusted; from fourth year MOP2,500/sqm and CPI-adjusted thereafter.
Agreements are tied to the 10-year Macau gaming concession awarded Dec 16, 2022.

item 1.01

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 Deeds of Reversion with Macao (effective 2022-12-30).

Action: entry
Counterparty: Macao
Effective: 2022-12-30

Exact text from the filing

On December 30, 2022, Venetian Macau Limited (“VML”), Venetian Cotai Limited, Venetian Orient Limited and Cotai Strip Lot 2 Apart Hotel (Macau) Limited, each of which is an indirect subsidiary of Las Vegas Sands Corp. (the “Company”), entered into a series of public deeds (the “Deeds of Reversion”) with Macao, in connection with VML’s award of a gaming concession for the operation of casino games of chance in Macao on December 16, 2022 (the “Concession”).

View on SEC.gov

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

LAS VEGAS SANDS CORP entered into Handover Record with Macao (effective 2022-12-30).

Action: entry
Counterparty: Macao
Effective: 2022-12-30

Exact text from the filing

Additionally, on December 30, 2022, VML entered into a Handover Record (the “Handover Record”) with Macao, also in connection with VML’s award of the Concession.

View on SEC.gov

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Source: SEC EDGAR

accession 0001300514-22-000155

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