金沙集团 2024年度报告

☐ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the fiscal year ended December 31, 2024or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934For the transition period fromto Commission file number 001-32373 LAS VEGAS SANDS CORP. Nevada27-0099920 (State or other jurisdiction ofincorporation or organization)(IRS EmployerIdentification No.) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the SecuritiesAct.Yes☐No☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) ofthe Act.Yes☐No☐ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d)of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrantwasrequired to file such reports);and(2) has been subject to such filing requirements for the past90 days.Yes☐No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required tobe submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (orfor such shorter period that the registrant was required to submit such files).Yes☐No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-acceleratedfiler, smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer,""accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large Accelerated Filer☐Accelerated Filer☐Emerging Growth Company☐Non-Accelerated Filer☐Smaller Reporting Company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’sassessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financialstatements of the registrant included in the filing reflect the correction of an error to previously issued financialstatements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysisof incentive-based compensation received by any of the registrant's executive officers during the relevant recoveryperiod pursuant to § 240.10D-1(b).☐ Indicateby check mark whether the registrant is a shell company(as defined in Rule 12b-2 of theAct).Yes☐No☐ As of June 28, 2024, the last business day of the registrant's most recently completed second fiscal quarter, theaggregate market value of the registrant's common stock held by non-affiliates of the registrant was $15,458,744,890based on the closing sale price on that date as reported on the New York Stock Exchange. The Company had 715,934,671 shares of common stock outstanding as of February 5, 2025. DOCUMENTS INCORPORATED BY REFERENCE Portions of the definitive Proxy Statement to be used in connection with the registrant's 2025 Annual Meeting ofStockholders are incorporated into Part III (Item 10 through Item 14) of this Annual Report on Form 10-K. Table of Contents Las Vegas Sands Corp.Table of Contents Page PART IITEM 1—BUSINESS3ITEM 1A—RISK FACTORS18ITEM 1B—UNRESOLVED STAFF COMMENTS32ITEM 1C—CYBERSECURITY32ITEM 2—PROPERTIES33ITEM 3—LEGAL PROCEEDINGS33ITEM 4—MINE SAFETY DISCLOSURES33PART IIITEM 5—MARKET FOR REGISTRANT'S COMMON EQUITY, RELATEDSTOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITYSECURITIES34ITEM 6—[RESERVED]36ITEM 7—MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONAND RESULTS OF OPERATIONS37ITEM 7A—QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK56ITEM 8—FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA57ITEM 9—CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ONACCOUNTING AND FINANCIAL DISCLOSURE113ITEM 9A—CONTROLS AND PROCEDURES113ITEM 9B—OTHER INFORMATION114 ITEM 9C—DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENTINSPECTIONS114PART IIIITEM 10—DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE114ITEM 11—EXECUTIVE COMPENSATION114ITEM 12—SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS ANDMANAGEMENT AND RELATED STOCKHOLDER MATTERS114ITEM 13—CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, ANDDIRECTOR INDEPENDENCE114ITEM 14—PRINCIPAL ACCOUNTANT FEES AND SERVICES114PART IVITEM 15—EXHIBITS AND FINANCIAL STATEMENT SCHEDULES115ITEM 16—FORM 10-K SUMMARY119SIGNATURES120 Table of Contents PART I ITEM 1. —BUSINESS Our