LAS VEGAS, NV--(Marketwired - May 2, 2014) - Las Vegas Sands Corp. (NYSE: LVS) said today it has no intention of selling its market-leading property in Pennsylvania and, in fact, is working on a variety of concepts in which the company would further invest in the property. LVS also announced it has appointed Mark Juliano, an executive with extensive East Coast ties and industry experience, as its new president. Mr. Juliano comes from Marina Bay Sands, the company's integrated resort in Singapore, where he served as senior vice president and chief casino officer.
"We are certainly proud of the financial success Sands Bethlehem has achieved, but we are also very proud of fulfilling the commitments we made to the people of the Lehigh Valley. Bringing pride back to a historic site many thought was lost for good is the real legacy of Sands Bethlehem and that is the foundation on which we will continue to build," stated Mr. Sheldon G. Adelson, chairman and chief executive officer of Las Vegas Sands.
Las Vegas Sands President and Chief Operating Officer Michael Leven said the company was extremely proud and appreciative of the continued loyalty and dedication exhibited by the property's team members.
"Many of our people have been with us at Sands Bethlehem since the first day the doors opened and they have had to endure some trying events in recent months, including waves of media speculation about the future of the property. Today, that speculation stops, and a new chapter in the history of Sands Bethlehem begins," stated Mr. Leven.
Mr. Leven said Mr. Juliano's knowledge of the East Coast and previous operating experience in the region will make for a smooth transition, ensuring the property maintains the positive leadership role it plays in the community.
"Sands Bethlehem has become one of the leading entertainment and casino destinations on the East Coast, and I am very excited to be joining the team," Mr. Juliano said. "The property has had a tremendous run to this point, but I think there is a real sense of optimism that our best days are still ahead."
Mr. Juliano has broad hospitality and gaming industry experience, having served in senior roles in both Atlantic City and Las Vegas. His previous positions include president and chief operations officer of Caesars Palace in Las Vegas, chief executive officer of Trump Entertainment Resorts, president of Caesars Atlantic City and chairman of the Atlantic City Convention and Visitors Authority.
Mr. Juliano's appointment is subject to licensing by the Pennsylvania Gaming Control Board.
About Las Vegas Sands Corp.
Las Vegas Sands (NYSE: LVS) is the world's leading developer and operator of Integrated Resorts. Our collection of Integrated Resorts in Asia and the United States feature state-of-the-art convention and exhibition facilities, premium accommodations, world-class gaming and entertainment, destination retail and dining including celebrity chef restaurants, and many other amenities.
Our properties include the five-diamond Venetian and Palazzo resorts and Sands Expo Center in Las Vegas, Sands Bethlehem in Eastern Pennsylvania and the iconic Marina Bay Sands in Singapore. Through its majority ownership in Sands China Ltd. (HKSE: 1928), LVS owns a portfolio of properties on the Cotai Strip in Macao, including The Venetian Macao, The Plaza and Four Seasons Hotel Macao and Sands Cotai Central, as well as the Sands Macao on the Macao Peninsula.
LVS is dedicated to being a good corporate citizen, anchored by the core tenets of delivering a great working environment for nearly 50,000 employees worldwide, driving impact through its Sands Cares corporate citizenship program and leading innovation with the company's award-winning Sands ECO360 global sustainability program. To learn more, please visit www.sands.com.