Las Vegas Sands Corp was incorporated in Nevada on August 2004. It is a developer of destination properties (integrated resorts) that feature premium accommodations, world-class gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities and owns and operates integrated resorts in Asia and the United States. The Company's operating and developmental activities occur in three geographic areas: Macao, Singapore and the United States. In Macao, its operating segments are: The Venetian Macao; Sands Cotai Central; Four Seasons Macao; Sands Macao; and Other Asia. In Singapore, Company's operating segment is Marina Bay Sands. In the United States, Company's operating segments are: The Venetian Las Vegas, which includes the Sands Expo Center; The Palazzo; and Sands Bethlehem. The Venetian Las Vegas and The Palazzo operating segments are managed as a single integrated resort and have been aggregated as one reportable segment (the "Las Vegas Operating Properties"), considering their similar economic characteristics, types of customers, types of services and products, the regulatory business environment of the operations within each segment and Company's organizational and management reporting structure. The Paiza Club located at its property is an important part of its VIP gaming marketing. The Company's Paiza Clubs are exclusive invitation-only clubs available to its premium players that feature high-end services and amenities, including luxury accommodations, restaurants, lounges and private gaming salons. It also offers its players club loyalty programs at its properties, which provide access to rewards, privileges and members-only events. Additionally, it believes that being in the retail mall business and, specifically, owning some of the retail properties in Asia will provide meaningful value for it, particularly as the retail market in Asia continues to grow.
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