secwatch.observer — SEC 8-K summary
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Issuer:     LAS VEGAS SANDS CORP (LVS)
CIK:        0001300514
Form:       8-K
Filed at:   2022-12-30T23:59:59+00:00
Accession:  0001300514-22-000155
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1300514/000130051422000155/0001300514-22-000155-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1300514/000130051422000155/lvs-20221230.htm
  HTML page:      https://secwatch.observer/filing/0001300514-22-000155

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer