SOURCE: Las Vegas Sands

Las Vegas Sands

February 05, 2010 11:32 ET

Las Vegas Sands Corp. Declares Quarterly Dividend on Preferred Stock

LAS VEGAS, NV--(Marketwire - February 5, 2010) - Las Vegas Sands Corp. (NYSE: LVS) today announced that its board of directors has declared a quarterly dividend payment of $2.50 per share on its 10% Series A Cumulative Perpetual Preferred Stock to stockholders of record at the close of business on February 5, 2010. The dividend payment will be made on February 16, 2010, the first business day following the February 15, 2010 dividend payment date specified in the Certificate of Designations for the preferred stock.

Forward-Looking Statements

This press release contains forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the company's control, which may cause material differences in actual results, performance or other expectations. These factors include, but are not limited to, general economic conditions, competition, new ventures, substantial leverage and debt service, government regulation, legalization of gaming, interest rates, future terrorist acts, insurance, gaming promoters, risks relating to our Macau gaming subconcession, infrastructure in Macau and other factors detailed in the reports filed by Las Vegas Sands Corp. with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date thereof. Las Vegas Sands Corp. assumes no obligation to update such information.

ABOUT LAS VEGAS SANDS CORP.

Las Vegas Sands Corp. (NYSE: LVS) is the leading global developer of integrated resorts -- destination properties which feature premium accommodations, world-class gaming and entertainment, convention and exhibition facilities, celebrity chef restaurants, and many other amenities.

The Venetian and The Palazzo, both Five-Star luxury resorts on the Las Vegas Strip, are among the company's properties in the United States. Marina Bay Sands, the company's iconic project currently under development in Singapore, will open in the second quarter of 2010.

Through its majority-owned subsidiary Sands China Ltd, the company also owns a portfolio of properties in Macau, including The Venetian Macao, Four Seasons Hotel Macao and the Four Seasons-branded serviced apartments on the Cotai Strip™, as well as the Sands Macao Hotel on the Macau peninsula.

The Cotai Strip is a master-planned development of destination resort properties where the company is currently constructing a 6,400-room complex which will feature the Shangri-La, Traders, Sheraton, and St. Regis hotel brands and is scheduled to open in 2011.

For more information, please visit www.lasvegassands.com

Contact Information

  • Contacts:

    Investment Community:
    Daniel Briggs
    (702) 414-1221

    Media:
    Ron Reese
    (702) 414-3607