Las Vegas Sands Corp. Files 8-K
Ticker: LVS · Form: 8-K · Filed: Jan 10, 2025 · CIK: 1300514
| Field | Detail |
|---|---|
| Company | Las Vegas Sands CORP (LVS) |
| Form Type | 8-K |
| Filed Date | Jan 10, 2025 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001, $963 million, $1 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, filing, corporate-action
Related Tickers: LVS
TL;DR
LVS filed an 8-K on Jan 10 for a material agreement dated Jan 8. Details TBD.
AI Summary
Las Vegas Sands Corp. (LVS) filed an 8-K on January 10, 2025, reporting an entry into a material definitive agreement and financial statements/exhibits. The filing date indicates events occurred on or before January 8, 2025. Specific details of the agreement are not provided in this excerpt.
Why It Matters
This filing signals a significant event for Las Vegas Sands Corp., potentially involving a new material agreement that could impact its financial performance and strategic direction.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement, which could carry significant financial implications, but the lack of specific details in this excerpt necessitates a medium risk assessment.
Key Numbers
- 001-32373 — SEC File Number (Identifies the company's filing history with the SEC.)
- 27-0099920 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- LAS VEGAS SANDS CORP. (company) — Registrant
- 0001300514-25-000003 (document_id) — Accession Number
- January 8, 2025 (date) — Date of earliest event reported
- January 10, 2025 (date) — Filing Date
- Nevada (jurisdiction) — State of incorporation
- 702-923-9000 (phone_number) — Registrant's Telephone Number
FAQ
What is the nature of the material definitive agreement entered into by Las Vegas Sands Corp. on January 8, 2025?
The provided excerpt does not specify the details of the material definitive agreement; it only indicates that such an agreement was entered into.
What are the specific financial statements and exhibits included with this 8-K filing?
The excerpt mentions 'Financial Statements and Exhibits' as an item information but does not list the specific documents included.
When was this 8-K form filed with the SEC?
This Form 8-K was filed on January 10, 2025.
What is the principal executive office address for Las Vegas Sands Corp.?
The address of the principal executive offices is 5420 S. Durango Dr., Las Vegas, Nevada 89113.
Under which section of the Securities Exchange Act of 1934 is this Form 8-K filed?
This Form 8-K is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 1,350 words · 5 min read · ~5 pages · Grade level 15.6 · Accepted 2025-01-10 08:35:21
Key Financial Figures
- $0.001 — ange on which registered Common Stock ($0.001 par value) LVS New York Stock Exchange
- $963 million — MBS made an upfront premium payment of $963 million to lease the parcels of land underlying
- $1 billion — rrently anticipated to be approximately $1 billion. The foregoing summary of the Second
Filing Documents
- lvs-20250108.htm (8-K) — 40KB
- lvs_ex101x01102025.htm (EX-10.1) — 164KB
- image_0a.jpg (GRAPHIC) — 2KB
- 0001300514-25-000003.txt ( ) — 352KB
- lvs-20250108.xsd (EX-101.SCH) — 2KB
- lvs-20250108_lab.xml (EX-101.LAB) — 21KB
- lvs-20250108_pre.xml (EX-101.PRE) — 12KB
- lvs-20250108_htm.xml (XML) — 3KB
01. Entry into a Material Definitive Agreement
ITEM 1.01. Entry into a Material Definitive Agreement. As previously disclosed, on April 3, 2019, Marina Bay Sands Pte. Ltd. ("MBS"), an indirect wholly owned subsidiary of Las Vegas Sands Corp. (the "Company"), and the Singapore Tourism Board (the "STB") entered into a Development Agreement (the "Development Agreement"), pursuant to which MBS will construct a development, which includes a comprehensive range of integrated amenities for tourism, recreation, entertainment and lifestyle uses (the "MBS Expansion Project"). In connection with entering into the Development Agreement, MBS made an upfront premium payment of $963 million to lease the parcels of land underlying the MBS Expansion Project site through August 21, 2066. Since entering into the Development Agreement, MBS has further progressed the development plans for the MBS Expansion Project and has made certain changes thereto, which require an allocation of gross floor area across the MBS Expansion Project by the STB (the "Allocation") and the purchase of 2,000 square meters of approved gaming area and 10,000 square meters of ancillary area in support of the gaming area from the STB (the "Additional Gaming Area Purchase") to make the planned changes. In connection with the foregoing, on January 8, 2025, MBS entered into a second supplemental agreement to the Development Agreement with the Singapore government (the "Second Supplemental Agreement") whereby MBS committed to assume liability for the cost of the land premium associated with the Additional Gaming Area Purchase as well as other adjustments to the land premiums resulting from the consequential changes to the allocations of gross floor area for the MBS Expansion Project since the first payment made in 2019. These allocations prescribe and limit the use of the gross floor area for hotel, gaming, retail, food and beverage, meetings, incentives, conventions and exhibitions ("MICE") and arena at the MBS Expansion Project site. The Second Supplemental
01. Financial Statements and Exhibits
ITEM 9.01. Financial Statements and Exhibits. (d) Exhibits 10.1* Second Supplemental Agreement, dated January 8, 2025, between the Singapore Tourism Board and Marina Bay Sands Pte. Ltd. 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document _____________________ * Certain schedules to this exhibit have been omitted in accordance with Item 601(a)(5) of Regulation S-K.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned, hereunto duly authorized. Dated: January 10, 2025 LAS VEGAS SANDS CORP. By: / S / D. Z ACHARY H UDSON Name: D. Zachary Hudson Title: Executive Vice President, Global General Counsel and Secretary