Latest news with #Sands'
Yahoo
21-05-2025
- Business
- Yahoo
Las Vegas Sands drops bid to open $4B casino complex at Nassau Coliseum site
Las Vegas Sands has withdrawn its planned bid to open a $4 billion casino complex at the site of the Nassau Coliseum on Long Island. The gaming giant's announcement Wednesday caught some casino industry insiders by surprise. 'Crazy,' one industry source said. Sands had the strong political support of Nassau County Executive Bruce Blakeman and the Republican-run legislature — but there was some hard-core opposition led by nearby Hofstra University and residents living near the Nassau Coliseum hub in Uniondale. 'Hofstra University is pleased with Las Vegas Sand's decision to abandon their application for a license to build a casino at the Nassau Coliseum. Over the past 90 years, Hofstra has been deeply invested in the future of this region, and we are eager to be a part of planning for development in the Nassau Hub that would promote, sustainable economic growth, enhance the quality of life for all who live and work here, and serve the true needs of Nassau County and Long Island,' Susan Poser, Hofstra University President, said in a statement to The Post. In a statement, Sands said it wanted to focus its financial resources elsewhere and expressed concern about legislation introduced in New York to legalize internet or i-Gaming. 'For Las Vegas Sands, we believe the highest and best use of our capital in the near term is to purchase Las Vegas Sands and Sands China shares,' the gaming company said. 'Accordingly, Sands has decided not to bid for a casino license in New York.' While headquartered in Vegas, all of Sands' gambling operations are in Asia — with five in China-controlled Macao and one in Singapore. Sands' withdrawal comes at a time of a tariff war between the US and China, putting the gaming giant in a difficult position with so much of its business dependent on licenses overseen by the communist country, one industry source said. Last April, a top Sands Casino official ripped New York gaming regulators for a 'confusing' years-long review process to bid for a casino license. Las Vegas Sands was founded by billionaire Sheldon Adelson, a major Republican donor who died in 2021. His family still owns the gaming company. The state gaming commission is expected to approve up to three casino licenses in the New York City region by year's end. Sands has entered into a lease arrangement with Nassau County to build a casino-entertainment complex at the Nassau Coliseum hub. In its statement, the company said it would try to 'secure an agreement' from a third party to bid for a casino at the site. Blakeman said he will see if another developer wants to develop the Coliseum site — with or without a casino. 'County Executive Blakeman has been aware of certain pressures that have factored into Las Vegas Sands' rethinking of land-based brick and mortar casinos in the United States. The County Executive is grateful that Las Vegas Sands is committed to the development of the Coliseum site with or without a casino,' a spokesman for Blakeman said. 'There is strong interest from gaming organizations, which have been in confidential discussions with Nassau County in taking the place of Las Vegas Sands in the licensing application process. Nassau County will crystallize within the next 30 days whether or not to entertain a casino component or develop the site without. 'In either event, there will be an exciting new development that will create jobs and positive economic activity,' the rep added. Sands' exit could boost the odds of other bidders bordering Nassau, including Mets owner Steve Cohen's plan with Hard Rock to open an $8 billion casino complex next to Citi Field, and the Genting Resorts World slots parlor at Aqueduct race track, which is seeking to obtain a gaming license to offer table games. Among the other bidders vying for a gaming license include the Wynn NYC- Related Companies casino proposal for Hudson Yards; SL Green/Caesar's Entertainment/Jay-Z Roc Nation pitch in Times Square; Thor Equities consortium's push to erect a casino in Coney Island and Bally's proposed casino next to its golf course in the Bronx's Ferry Point.
Yahoo
12-05-2025
- Business
- Yahoo
Sands Releases Its 2024 Environmental, Social and Governance Report
LAS VEGAS, NV / / May 12, 2025 / Company surpasses its 2021-2025 ambitions in workforce development and community service contributions, while performing ahead in emissions reduction. Published by Las Vegas Sands on April 10, 2025 Las Vegas Sands (NYSE:LVS) has released its latest environmental, social and governance (ESG) report, outlining the company's 2024 performance on the corporate responsibility priorities established for its 2021-2025 reporting period. Most notably, Sands has surpassed two of its three primary ambitions in the areas of workforce development and community volunteerism while performing ahead of its 17.5% science-based emissions reduction target. These goals align with the company's People, Communities and Planet corporate responsibility pillars. At the close of 2024, Sands had spent $220 million on workforce development initiatives, accomplishing its People pillar ambition to invest $200 million by 2025. In achieving this target, Sands spent nearly $38 million in 2024 to advance job skills and career training for Team Members, hospitality industry professionals and the local labor pool in its regions. The company also surpassed its Communities pillar target of contributing 250,000 Team Member volunteer hours by 2025, with a total of 255,955 hours amassed between 2021-2024. Sands' Team Members logged 33,132 volunteer hours for more than 70 nonprofit organizations in 2024. Sands' scope 1 and 2 emissions remained below its 2025 Planet ambition of reducing emissions by 17.5% from the 2018 base year, with emissions down 50% in 2024. Implementation of energy-efficiency projects and continued purchases of energy attribute certificates drove progress in this area. In 2024, the company also released its first low-carbon transition plan, which outlined a new 30% emissions-reduction target that complements its existing 17.5% emissions-reduction target validated by the Science Based Targets initiative (SBTi). Sands aims to achieve the new 30% target, which is aligned with the Paris Agreement to limit temperature increase to 1.5°C, by 2025. In addition to these primary ambitions, the company made advancements in multiple areas under its People, Communities and Planet pillars in 2024. People - Separate of the workforce development investment, Sands spent $3 billion to procure goods and services from local businesses and small and medium enterprises (SMEs) around the world, contributing to its regions' economic health and helping sustain job opportunities. The company also invested $26 million in diverse businesses. A variety of programs support workforce and local business development, ranging from Team Member and industry training to supplier advancement through procurement academies and business development opportunities. Communities - In addition to the Team Member community service ambition, Sands provided $12 million in philanthropic contributions to nonprofit organizations and continued focusing on building their capacity through both funding and mentorship. The company's signature capacity-building initiative, the Sands Cares Accelerator, incubates the strategic initiatives of nonprofit members and graduated its fourth member in 2024. Community revitalization was another top priority, and Sands China made significant investments in promoting key Macao landmarks and enabling local entrepreneurs to develop businesses in a culturally significant area. Planet - In addition to maintaining achievement of its emissions-reduction target, Sands met or exceeded desired levels of progress in other areas, including increasing its 2024 operational waste diversion rate by 6% over the 2019 base year, tracking ahead of the 5% increase targeted by 2025. The company also prevented, rescued or diverted 29% of food waste, which is targeted for 25% by 2025. Sands reduced potable water use intensity by 11% from the 2019 base year, which is ahead of its 3% reduction targeted by 2025. The company continued working toward goals of reducing single-use plastics by transitioning to 100% sustainable solutions for Sands-branded water bottles at the end of 2025, with 62% achieved in 2024, and procuring 100% cage-free eggs by 2028, increasing cage-free egg purchases from 3% of total eggs sourced in 2023 to 18% in 2024. "In 2025, we are focused on closing the gaps around our 2025 goals and continuing to push ahead in areas where we've achieved our ambitions or are currently surpassing our targets," Katarina Tesarova, senior vice president and chief sustainability officer, said. "We are motivated to aim higher as we set our sights on a strong finish to our current reporting period and prepare to establish new goals for our 2026-2030 cycle." Underscoring Sands' performance in 2024, the company was included in the 2024 Dow Jones Sustainability World and North America Indices, Newsweek's 2025 America's Most Responsible Companies list and the S&P Global Sustainability Yearbook 2025, receiving designation among the top 10% of overall global ESG scores. Sands was the only U.S.-based company in the casinos and gaming category listed in the yearbook. For detailed information on the company's corporate responsibility accomplishments and initiatives, read the 2024 ESG Report: # # # About Sands (NYSE: LVS) Sands is the leading global developer and operator of integrated resorts. The company's iconic properties drive valuable leisure and business tourism and deliver significant economic benefits, sustained job creation, financial opportunities for local businesses and community investment to help make its host regions ideal places to live, work and visit. Sands' portfolio of properties includes Marina Bay Sands® in Singapore and The Venetian® Macao, The Londoner Macao®, The Parisian Macao®, The Plaza Macao and Four Seasons Hotel Macao, and Sands® Macao in Macao SAR, China, through majority ownership in Sands China Ltd. Dedicated to being a leader in corporate responsibility, Sands is anchored by the core tenets of serving people, communities and the planet. The company's ESG leadership has led to inclusion on the Dow Jones Sustainability Indices for World and North America. To learn more, visit Contact: Kristin Koca, Sands702.923.9142, View additional multimedia and more ESG storytelling from Las Vegas Sands on Contact Info:Spokesperson: Las Vegas SandsWebsite: info@ SOURCE: Las Vegas Sands View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New York Post
24-04-2025
- Business
- New York Post
Las Vegas Sands drops bid to open $4B casino complex at Nassau Coliseum site
Las Vegas Sands has withdrawn its planned bid to open a $4 billion casino complex at the site of the Nassau Coliseum on Long Island. The gaming giant's announcement Wednesday caught some casino industry insiders by surprise. 'Crazy,' one industry source said. A rendering of the proposed casino at Nassau Coliseum from Las Vegas Sands Corporation. Las Vegas Sands Corporation Sands had the strong political support of Nassau County Executive Bruce Blakeman and the Republican-run legislature — but there was some hard-core opposition led by nearby Hofstra University and residents living near the Nassau Coliseum hub in Uniondale. In a statement, Sands said it wanted to focus its financial resources elsewhere and expressed concern about legislation introduced in New York to legalize internet or i-Gaming. 'For Las Vegas Sands, we believe the highest and best use of our capital in the near term is to purchase Las Vegas Sands and Sands China shares,' the gaming company said. 'Accordingly, Sands has decided not to bid for a casino license in New York.' While headquartered in Vegas, all of Sands' gambling operations are in Asia — with five in China-controlled Macao and one in Singapore. Sands' withdrawal comes at a time of a tariff war between the US and China, putting the gaming giant in a difficult position with so much of its business dependent on licenses overseen by the communist country, one industry source said. Las Vegas Sands CEO Rob Goldstein signing a lease agreement for the or the Nassau Hub and Coliseum property on April 26, 2023 as Nassau County Executive Bruce Blakeman (right) looks on. Newsday via Getty Images Last April, a top Sands Casino official ripped New York gaming regulators for a 'confusing' years-long review process to bid for a casino license. Las Vegas Sands was founded by billionaire Sheldon Adelson, a major Republican donor who died in 2021. His family still owns the gaming company. The state gaming commission is expected to approve up to three casino licenses in the New York City region by year's end. Sands has entered into a lease arrangement with Nassau County to build a casino-entertainment complex at the Nassau Coliseum hub. In its statement, the company said it would try to 'secure an agreement' from a third party to bid for a casino at the site. Blakeman said he will see if another developer wants to develop the Coliseum site — with or without a casino. 'County Executive Blakeman has been aware of certain pressures that have factored into Las Vegas Sands' rethinking of land-based brick and mortar casinos in the United States. The County Executive is grateful that Las Vegas Sands is committed to the development of the Coliseum site with or without a casino,' a spokesman for Blakeman said. 'There is strong interest from gaming organizations, which have been in confidential discussions with Nassau County in taking the place of Las Vegas Sands in the licensing application process. Nassau County will crystallize within the next 30 days whether or not to entertain a casino component or develop the site without. 'In either event, there will be an exciting new development that will create jobs and positive economic activity,' the rep added. Sands' exit could boost the odds of other bidders bordering Nassau, including Mets owner Steve Cohen's plan with Hard Rock to open an $8 billion casino complex next to Citi Field, and the Genting Resorts World slots parlor at Aqueduct race track, which is seeking to obtain a gaming license to offer table games. Among the other bidders vying for a gaming license include the Wynn NYC- Related Companies casino proposal for Hudson Yards; SL Green/Caesar's Entertainment/Jay-Z Roc Nation pitch in Times Square; Thor Equities consortium's push to erect a casino in Coney Island and Bally's proposed casino next to its golf course in the Bronx's Ferry Point.
Yahoo
11-04-2025
- Politics
- Yahoo
We need to defeat Putin before putting him in the dock
In Ukraine, rivers of spilled innocent blood cry from the earth for justice. Who can provide it? The Council of Europe plans to create a new court specifically to try Russians for 'crimes of aggression' for the invasion of Ukraine. Britain is backing the new court, with Sir Keir Starmer's long-time friend Philippe Sands taking the lead in lobbying the UK legal establishment. The moral argument for a Nuremberg-style tribunal to punish those guilty of war crimes is a solid one. When today's murderers, rapists and torturers go unpunished, the potential war criminals of tomorrow are encouraged. The creation of the special court is expected to be unveiled in Kyiv on May 9th – Europe Day, but also the day on which Russia celebrates its victory over Germany in 1945. The symbolism of creating an institution designed to bring Russian war criminals to trial on the very anniversary of the final demise of Nazism is powerful. Except there is one major flaw in Sands' vision. None of the actual accused, from Vladimir Putin down to the soldiers of 76th Guards Air Assault Division accused of massacring civilians in the Kyiv suburb of Bucha in March 2022, will actually be present. Unlike the Nuremberg trials, after World War Two, next to none of the alleged war criminals are in reach of the court's justice. Russia, for obvious reasons, has no intention of ever recognising the court, and nor will America – which has also declined to sign up to the jurisdiction of the International Criminal Court (ICC) in the Hague. Moreover, the new court will not reportedly try Putin, Russian prime minister Mikhail Mishustin or the Russian foreign minister Sergey Lavrov in absentia. So what, precisely, will the proposed new court actually do that the ICC does not? The difference, in Sands' view, is that the new tribunal should be empowered to examine Russian leaders' culpability in the 'crime of aggression' – a modern version of the principle of 'crimes against peace' pioneered at Nuremberg. A great and noble idea, doubtless. But setting up a court is not the same thing as bringing justice. The fundamental premise of a fair trial is that the defendants have a chance to make their case before an impartial judge or jury who will weigh the facts without fear or favour. Even at Nuremberg three of the nineteen senior Nazi defendants were acquitted. If there is no realistic chance of either the accused arguing their own defence, nor of an acquittal, is there any purpose to the proposed tribunal other than political virtue signalling? The ICC has already issued an arrest warrant against Putin and one of his deputies for the unlawful transfer of Ukrainian children to Russia. The ICC has brought war criminals in the past from Serbia, the Democratic Republic of the Congo, Mali, Libya and Uganda to justice. There is no reason that Russians should not join the list – if the court manages to get its hands on them. And this is the key point: the war is far from over. Talk of a tribunal is astonishingly premature at this stage. Ukraine faces a bitter choice between peace and justice. The country's territory has been attacked and dismembered, with little prospect of restitution. The thousands of Ukrainians who have suffered from Putin's invasion are understandably desperate to punish their aggressor in every way possible. But setting up a special new court, however noble its intentions, is a fake solution that will offer neither justice nor closure; these things will only come after the war ends. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
Telegraph
11-04-2025
- Politics
- Telegraph
We need to defeat Putin before putting him in the dock
In Ukraine, rivers of spilled innocent blood cry from the earth for justice. Who can provide it? The Council of Europe plans to create a new court specifically to try Russians for 'crimes of aggression' for the invasion of Ukraine. Britain is backing the new court, with Sir Keir Starmer's long-time friend Philippe Sands taking the lead in lobbying the UK legal establishment. The moral argument for a Nuremberg-style tribunal to punish those guilty of war crimes is a solid one. When today's murderers, rapists and torturers go unpunished, the potential war criminals of tomorrow are encouraged. The creation of the special court is expected to be unveiled in Kyiv on May 9th – Europe Day, but also the day on which Russia celebrates its victory over Germany in 1945. The symbolism of creating an institution designed to bring Russian war criminals to trial on the very anniversary of the final demise of Nazism is powerful. Except there is one major flaw in Sands' vision. None of the actual accused, from Vladimir Putin down to the soldiers of 76th Guards Air Assault Division accused of massacring civilians in the Kyiv suburb of Bucha in March 2022, will actually be present. Unlike the Nuremberg trials, after World War Two, next to none of the alleged war criminals are in reach of the court's justice. Russia, for obvious reasons, has no intention of ever recognising the court, and nor will America – which has also declined to sign up to the jurisdiction of the International Criminal Court (ICC) in the Hague. Moreover, the new court will not reportedly try Putin, Russian prime minister Mikhail Mishustin or the Russian foreign minister Sergey Lavrov in absentia. So what, precisely, will the proposed new court actually do that the ICC does not? The difference, in Sands' view, is that the new tribunal should be empowered to examine Russian leaders' culpability in the 'crime of aggression' – a modern version of the principle of 'crimes against peace' pioneered at Nuremberg. A great and noble idea, doubtless. But setting up a court is not the same thing as bringing justice. The fundamental premise of a fair trial is that the defendants have a chance to make their case before an impartial judge or jury who will weigh the facts without fear or favour. Even at Nuremberg three of the nineteen senior Nazi defendants were acquitted. If there is no realistic chance of either the accused arguing their own defence, nor of an acquittal, is there any purpose to the proposed tribunal other than political virtue signalling? The ICC has already issued an arrest warrant against Putin and one of his deputies for the unlawful transfer of Ukrainian children to Russia. The ICC has brought war criminals in the past from Serbia, the Democratic Republic of the Congo, Mali, Libya and Uganda to justice. There is no reason that Russians should not join the list – if the court manages to get its hands on them. And this is the key point: the war is far from over. Talk of a tribunal is astonishingly premature at this stage. Ukraine faces a bitter choice between peace and justice. The country's territory has been attacked and dismembered, with little prospect of restitution. The thousands of Ukrainians who have suffered from Putin's invasion are understandably desperate to punish their aggressor in every way possible. But setting up a special new court, however noble its intentions, is a fake solution that will offer neither justice nor closure; these things will only come after the war ends.
