LVS
Neutral signalScored 2026-10-06 Drivers: Congress, fundamentals. Insiders: neutral. Moteurs : Congrès, fondamentaux. Initiés : neutre.
Research, not advice.
À propos
Las Vegas Sands Corp.
- Nom
- Las Vegas Sands Corp.
- Secteur
- Consumer Cyclical
- Industrie
- Gambling, Resorts & Casinos
- Bourse
- NYSE
- Capitalisation
- $23.1B
- Employés
- 41,250
- PDG
- Patrick Sydney Dumont
- Site web
- https://www.sands.com
- Marché
- BYDCZRGIGNYGXYEFMGMMLCO
Las Vegas Sands Corporation, in conjunction with its various subsidiaries, specializes in the development, ownership, and ongoing management of comprehensive integrated resort properties across both Asian and United States markets. The company maintains a significant portfolio of establishments in Macao, People's Republic of China, including The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao (which encompasses the Four Seasons Hotel Macao, Cotai Strip), and the Sands Macao. Furthermore, its Asian operations extend to Singapore, where it presides over the iconic Marina Bay Sands. Domestically, Las Vegas Sands also operates key assets within Las Vegas, Nevada: The Venetian Resort Hotel Casino, prominently situated on the renowned Las Vegas Strip, and the Sands Expo and Convention Center. These expansive integrated resorts are meticulously designed to offer a full spectrum of guest experiences, boasting luxurious accommodations, extensive gaming facilities, diverse entertainment venues, high-end retail shopping complexes, state-of-the-art convention and exhibition spaces, gourmet restaurants helmed by celebrity chefs, and numerous other guest conveniences. Established in 1988, Las Vegas Sands Corp. maintains its corporate headquarters in Las Vegas, Nevada.
Price (1 year)
Live chart from TradingView — independent market data, as price context around the filings, not the Quorum score. EMA 50/200 and Bollinger load by default. When the exchange is known it is sent as EXCHANGE:SYMBOL; otherwise TradingView resolves the ticker best-effort.
Decouvert par les declarations du Congres
- Insiders
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- Total bought
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Avg buy (VWAP, 90d window) —
- Total sold
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Avg sell (VWAP, 90d window) —
Total sold sums Form 4 code S in this window. Codes F, M, A and G are left out.
- Last activity
- —
- Last synced
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2026-10-06 10:56:08
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Insider holdings as a share of total assets aren't available for this company.
Avg buy and avg sell are volume-weighted prices (sum of shares × price, divided by shares) for Form 4 rows in this 90-day window that report both figures. A comparison with last close is market context for that average, not advice.
Recent Form 4
Filings in the 90-day window for this company. Value is shares × price from the filing. Research, not advice.
No Form 4 filings for this company in this window.
Congressional trades
STOCK Act disclosures (90-day window)
Amounts are STOCK Act brackets as disclosed. Quorum does not turn a bracket into an exact price or a midpoint.
| Date | Member | Side | Amount range | Filing |
|---|---|---|---|---|
| 2026-09-25 | Ro Khanna | Buy | $1,001 - $15,000 | Filing |
| 2026-08-10 | Ro Khanna | Buy | $1,001 - $15,000 | Filing |
Recent trades
| Date | Representative | Type | Amount |
|---|---|---|---|
| 2026-08-10 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2025-11-13 | Michael T. McCaul | Sale | $100,001 - $250,000 |
| 2025-08-26 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2025-08-26 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2025-05-08 | Julia Letlow | Sale (Full) | $1,001 - $15,000 |
| 2025-04-01 | Julie Johnson | Sale (Full) | $1,001 - $15,000 |
| 2024-10-23 | Julia Letlow | Purchase | $1,001 - $15,000 |
| 2024-03-25 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2024-03-20 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2024-02-23 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2024-02-13 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2024-01-19 | Michael T. McCaul | Sale | $1,001 - $15,000 |
| 2024-01-19 | Michael T. McCaul | Sale | $1,001 - $15,000 |
| 2024-01-10 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2024-01-10 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2023-11-10 | John James | Purchase | $1,001 - $15,000 |
| 2023-05-12 | Michael T. McCaul | Sale | $100,001 - $250,000 |
| 2023-05-12 | Michael T. McCaul | Sale | $15,001 - $50,000 |
| 2023-02-03 | Michael T. McCaul | Sale | $250,001 - $500,000 |
| 2023-02-03 | Michael T. McCaul | Sale | $50,001 - $100,000 |
| 2022-11-03 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2022-08-08 | Michael T. McCaul | Sale | $100,001 - $250,000 |
| 2022-08-08 | Michael T. McCaul | Sale | $15,001 - $50,000 |
| 2022-06-16 | Michael T. McCaul | Purchase | $50,001 - $100,000 |
| 2022-06-16 | Michael T. McCaul | Purchase | $1,001 - $15,000 |
| 2022-05-23 | Ro Khanna | Purchase | $1,001 - $15,000 |
| 2022-05-05 | Michael T. McCaul | Purchase | $1,001 - $15,000 |
| 2022-05-05 | Michael T. McCaul | Purchase | $50,001 - $100,000 |
| 2022-04-11 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2022-02-17 | John Henry Rutherford | Sale (Full) | $1,001 - $15,000 |
| 2022-01-28 | Michael T. McCaul | Sale | $1,001 - $15,000 |
| 2022-01-28 | Michael T. McCaul | Sale | $15,001 - $50,000 |
| 2022-01-20 | Michael T. McCaul | Purchase | $100,001 - $250,000 |
| 2022-01-20 | Michael T. McCaul | Purchase | $50,001 - $100,000 |
| 2022-01-11 | Ro Khanna | Sale | $1,001 - $15,000 |
| 2021-08-12 | John R. Curtis | Sale (Full) | $1,001 - $15,000 |
| 2020-08-07 | Josh S. Gottheimer | Sale (Full) | $1,001 - $15,000 |
| 2020-04-27 | Josh S. Gottheimer | Sale (Partial) | $1,001 - $15,000 |
| 2020-04-02 | Dean Phillips | Purchase | $1,001 - $15,000 |
| 2020-03-27 | John R. Curtis | Purchase | $1,001 - $15,000 |
| 2020-03-18 | Gilbert Ray Cisneros | Purchase | $1,001 - $15,000 |
| 2020-03-17 | John Henry Rutherford | Purchase | $1,001 - $15,000 |
| 2020-02-20 | Mikie Sherrill | Sale (Full) | $1,001 - $15,000 |
| 2019-10-21 | Josh S. Gottheimer | Purchase | $1,001 - $15,000 |
| 2018-07-31 | Josh S. Gottheimer | Sale (Full) | $1,001 - $15,000 |
Signal
Neutral signalScored 2026-10-06 Drivers: Congress, fundamentals. Insiders: neutral. Moteurs : Congrès, fondamentaux. Initiés : neutre.
LVS presents a mixed picture: operational recovery is real (strong EBITDA margins, improved cash flows), but extreme financial leverage (D/E > 10, debt-to-assets > 73%) severely limits upside potential and amplifies…
The first sentence of the analysis written for LVS on 2026-10-06 - a real excerpt, not a sample. The rest of it, the 0-100 score and the rating it produced are part of Plus. See plans.
Factor checklist — research, not advice
A check leans with a bullish reading. A cross leans against it. A dash is unavailable or mixed.
- Insider Unavailable or mixed. No open-market purchase or sale value stored
- Congress Unavailable or mixed. 1 purchase disclosure year to date, a thin reading
- Narrative Pulls against a bullish reading. Stored narrative reading is in the bearish band
- Timing Unavailable or mixed. No stored price series
- Financial indicators Supports a bullish reading. Current ratio 1.14 · operating margin 24%
Market snapshot
Financial ratios
| Metric | Trend | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| Gross Profit Margin | 49.8% | 48.9% | 49.8% | 40.1% | 38.0% | |
| Ebit Margin | 22.7% | 23.8% | 25.0% | -16.7% | -20.1% | |
| Ebitda Margin | 34.6% | 35.9% | 37.2% | 9.9% | 5.8% | |
| Operating Profit Margin | 23.7% | 21.8% | 22.7% | -18.7% | -16.3% | |
| Pretax Profit Margin | 17.0% | 17.3% | 17.1% | -33.7% | -34.8% | |
| Continuous Operations Profit Margin | 14.3% | 15.5% | 13.8% | -37.5% | -34.7% | |
| Net Profit Margin | 12.5% | 12.8% | 11.8% | 44.6% | -22.7% | |
| Bottom Line Profit Margin | 12.5% | 12.8% | 11.8% | -25.9% | -22.7% | |
| Current Ratio | 1.144 | 0.740 | 1.306 | 1.728 | 2.148 | |
| Quick Ratio | 1.134 | 0.732 | 1.298 | 1.721 | 2.140 | |
| Solvency Ratio | 0.158 | 0.161 | 0.141 | 0.159 | 0.008 | |
| Cash Ratio | 0.910 | 0.629 | 1.154 | 1.617 | 0.723 | |
| Price To Earnings Ratio | 27.698 | 26.071 | 30.756 | 20.029 | -29.873 | |
| Price To Earnings Growth Ratio | 1.436 | 1.127 | -0.923 | -0.069 | 0.896 | |
| Forward Price To Earnings Growth Ratio | 1.436 | 1.127 | -0.923 | -0.069 | 0.896 | |
| Price To Earnings Diluted Ratio | 27.698 | 26.204 | 30.756 | 20.029 | -29.873 | |
| Price To Earnings Diluted Growth Ratio | 1.392 | 1.165 | -0.923 | -0.069 | 0.896 | |
| Price To Book Ratio | 28.288 | 13.089 | 9.118 | 9.463 | 14.407 | |
| Price To Sales Ratio | 3.455 | 3.341 | 3.620 | 8.936 | 6.792 | |
| Price To Free Cash Flow Ratio | 25.268 | 23.245 | 19.060 | -23.318 | -34.899 | |
| Price To Operating Cash Flow Ratio | 14.878 | 11.782 | 11.635 | -46.196 | 1,917.131 | |
| Debt To Assets Ratio | 0.736 | 0.665 | 0.644 | 0.725 | 0.738 | |
| Debt To Equity Ratio | 10.150 | 4.768 | 3.407 | 4.117 | 7.412 | |
| Debt To Capital Ratio | 0.910 | 0.827 | 0.773 | 0.805 | 0.881 | |
| Long Term Debt To Capital Ratio | 0.902 | 0.786 | 0.747 | 0.782 | 0.881 | |
| Financial Leverage Ratio | 13.786 | 7.166 | 5.288 | 5.679 | 10.050 | |
| Working Capital Turnover Ratio | -28.895 | -144.846 | 4.943 | 1.420 | 1.451 | |
| Operating Cash Flow Ratio | 0.716 | 0.552 | 0.730 | -0.204 | 0.006 | |
| Operating Cash Flow Sales Ratio | 0.232 | 0.284 | 0.311 | -0.193 | 0.004 | |
| Free Cash Flow Operating Cash Flow Ratio | 0.589 | 0.507 | 0.610 | 1.981 | -54.933 | |
| Debt Service Coverage Ratio | 2.192 | 0.990 | 1.293 | 0.092 | 0.358 | |
| Interest Coverage Ratio | 4.141 | 3.392 | 2.879 | -1.097 | -1.110 | |
| Short Term Operating Cash Flow Coverage Ratio | 2.633 | 1.014 | 1.698 | -0.391 | 0.203 | |
| Operating Cash Flow Coverage Ratio | 0.187 | 0.233 | 0.230 | -0.050 | 0.001 | |
| Capital Expenditure Coverage Ratio | 2.432 | 2.028 | 2.567 | -1.019 | 0.018 | |
| Dividend Paid And Capex Coverage Ratio | 1.456 | 1.476 | 2.066 | -1.019 | 0.018 | |
| Dividend Payout Ratio | 0.512 | 0.408 | 0.250 | 0.000 | 0.000 | |
| Enterprise Value Multiple | 12.730 | 11.801 | 12.042 | 114.267 | 170.893 |
Sparkline shows each ratio oldest → newest (left → right).
How the latest year compares
For each ratio: its most recent value, the change versus one year earlier, and versus its 5-year average. ▲ higher ▼ lower
| Metric | Current | vs 1Y ago | vs 5Y avg |
|---|---|---|---|
| Gross Profit Margin | 49.8% | ▲0.9% | ▲4.5% |
| Ebit Margin | 22.7% | ▼-1.1% | ▲15.8% |
| Ebitda Margin | 34.6% | ▼-1.3% | ▲9.9% |
| Operating Profit Margin | 23.7% | ▲1.9% | ▲17.1% |
| Pretax Profit Margin | 17.0% | ▼-0.4% | ▲20.4% |
| Continuous Operations Profit Margin | 14.3% | ▼-1.2% | ▲20.1% |
| Net Profit Margin | 12.5% | ▼-0.3% | ▲0.7% |
| Bottom Line Profit Margin | 12.5% | ▼-0.3% | ▲14.8% |
| Current Ratio | 1.145 | ▲0.405 | ▼-0.269 |
| Quick Ratio | 1.134 | ▲0.401 | ▼-0.271 |
| Solvency Ratio | 0.159 | ▼-0.002 | ▲0.033 |
| Cash Ratio | 0.910 | ▲0.281 | ▼-0.097 |
| Price To Earnings Ratio | 27.698 | ▲1.627 | ▲12.762 |
| Price To Earnings Growth Ratio | 1.436 | ▲0.308 | ▲0.942 |
| Forward Price To Earnings Growth Ratio | 1.436 | ▲0.308 | ▲0.942 |
| Price To Earnings Diluted Ratio | 27.698 | ▲1.494 | ▲12.735 |
| Price To Earnings Diluted Growth Ratio | 1.392 | ▲0.227 | ▲0.900 |
| Price To Book Ratio | 28.288 | ▲15.198 | ▲13.415 |
| Price To Sales Ratio | 3.455 | ▲0.114 | ▼-1.774 |
| Price To Free Cash Flow Ratio | 25.268 | ▲2.023 | ▲23.397 |
| Price To Operating Cash Flow Ratio | 14.878 | ▲3.096 | ▼-366.968 |
| Debt To Assets Ratio | 0.736 | ▲0.071 | ▲0.035 |
| Debt To Equity Ratio | 10.150 | ▲5.381 | ▲4.179 |
| Debt To Capital Ratio | 0.910 | ▲0.084 | ▲0.071 |
| Long Term Debt To Capital Ratio | 0.902 | ▲0.116 | ▲0.083 |
| Financial Leverage Ratio | 13.786 | ▲6.620 | ▲5.392 |
| Working Capital Turnover Ratio | -28.895 | ▲115.952 | ▲4.291 |
| Operating Cash Flow Ratio | 0.716 | ▲0.164 | ▲0.356 |
| Operating Cash Flow Sales Ratio | 0.232 | ▼-0.051 | ▲0.105 |
| Free Cash Flow Operating Cash Flow Ratio | 0.589 | ▲0.082 | ▲10.838 |
| Debt Service Coverage Ratio | 2.192 | ▲1.202 | ▲1.207 |
| Interest Coverage Ratio | 4.141 | ▲0.749 | ▲2.500 |
| Short Term Operating Cash Flow Coverage Ratio | 2.633 | ▲1.619 | ▲1.602 |
| Operating Cash Flow Coverage Ratio | 0.187 | ▼-0.046 | ▲0.067 |
| Capital Expenditure Coverage Ratio | 2.432 | ▲0.404 | ▲1.227 |
| Dividend Paid And Capex Coverage Ratio | 1.456 | ▼-0.020 | ▲0.657 |
| Dividend Payout Ratio | 0.512 | ▲0.104 | ▲0.278 |
| Enterprise Value Multiple | 12.730 | ▲0.930 | ▼-51.616 |
Key metrics
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Market cap | $44.98B | $37.75B | $37.55B | $36.73B | $28.76B | |
| Enterprise value | $57.27B | $47.85B | $46.47B | $46.39B | $41.70B | |
| EV / Sales | 4.40x | 4.24x | 4.48x | 11.29x | 9.85x | |
| EV / Op. cash flow | 18.95x | 14.94x | 14.40x | -58.35x | 2779.86x | |
| EV / Free cash flow | 32.18x | 29.46x | 23.59x | -29.46x | -50.60x | |
| EV / EBITDA | 12.73x | 11.80x | 12.04x | 114.27x | 170.89x | |
| Net debt / EBITDA | 2.73x | 2.49x | 2.31x | 23.81x | 53.04x | |
| Current ratio | 1.14x | 0.74x | 1.31x | 1.73x | 2.15x | |
| Income quality | 1.62x | 1.83x | 2.25x | 0.52x | -0.01x | |
| Graham number | $11 | $13 | $14 | $17 | — | |
| Graham net-net | -$23 | -$18 | -$16 | -$16 | -$21 | |
| Tax burden | 73.5% | 73.8% | 68.8% | -132.1% | 65.2% | |
| Interest burden | 74.8% | 72.9% | 68.5% | 202.5% | 172.8% | |
| Working capital | $610.0M | -$1.51B | $1.35B | $2.84B | $2.94B | |
| Invested capital | $12.86B | $13.03B | $15.64B | $16.48B | $16.98B | |
| Return on assets | 7.4% | 7.0% | 5.6% | 8.3% | -4.8% | |
| Operating ROA | 14.5% | 11.6% | 10.7% | -3.7% | -3.4% | |
| Return on tangible assets | 7.6% | 7.2% | 5.8% | 8.3% | -4.8% | |
| Return on equity | 102.3% | 50.1% | 29.7% | 47.2% | -48.1% | |
| Return on invested capital | 13.8% | 12.2% | 9.9% | -3.8% | -3.9% | |
| Return on capital employed | 17.5% | 16.6% | 13.6% | -4.2% | -3.9% | |
| Earnings yield | 3.6% | 3.8% | 3.3% | 5.0% | -3.3% | |
| Free cash flow yield | 4.0% | 4.3% | 5.2% | -4.3% | -2.9% | |
| Capex / Op. cash flow | 41.1% | 49.3% | 39.0% | -98.1% | 5593.3% | |
| Capex / Depreciation | 80.7% | 115.5% | 99.3% | 71.5% | 76.5% | |
| Capex / Sales | 9.5% | 14.0% | 12.1% | 19.0% | 19.8% | |
| SG&A / Sales | 9.1% | 10.2% | 10.7% | 22.8% | 19.6% | |
| R&D / Sales | 2.1% | 2.0% | 2.0% | 3.5% | 2.6% | |
| Stock comp / Sales | 0.4% | 0.5% | 0.4% | 0.9% | 0.5% | |
| Intangibles / Total assets | 2.6% | 2.6% | 2.7% | 0.3% | 0.1% | |
| Days sales outstanding | 21d | 13d | 17d | 20d | 17d | |
| Days payables outstanding | 11d | 10d | 12d | 13d | 11d | |
| Operating cycle | 23d | 16d | 20d | 24d | 20d | |
| Cash conversion cycle | 13d | 6d | 8d | 11d | 10d |
Change by theme
Grouped by what each metric measures. Each figure is the change over the period shown — ▲ up ▼ down versus then.
Change over 1 year
Change over 5 years
Employee count
Peer market caps
Recent news
- 2026-10-05 Sands China Presents ''The NBA China Games 2026'' Event Series Bringing five-day world-class basketball event to Oct. 7-11 Advancing tourism and sport synergies Driving Macao''s economic diversification MACAO, Oct. 5, 2026 /PRNewswire/ -- Sands China has long been committed to supporting the Macao SAR government''s policy of promoting economic diversification –– by leveraging its extensive international network and integrated resort platforms to bring world-class sporting events to Macao, thereby helping reinforce the city''s position as a World Centre of Tourism and Leisure. After drawing an enthusiastic response from audiences in Macao and around the world during its debut last year, The NBA China Games returns this year with two preseason games, Oct. 9 and 11 at The Venetian Arena of The Venetian® Macao, featuring a Texas matchup between the Dallas Mavericks and the Houston Rockets.
- 2026-09-23 ''Sands China''s Community Revitalization Programme for Rua das Estalagens 2026'' Unveils 24 Selected Enterprises Blending heritage with innovation Advancing revitalization through joint community effort In full support of SAR government''s revitalization strategy MACAO, Sept. 23, 2026 /PRNewswire/ -- Sands China has long supported the Macao SAR government''s district revitalization strategy, continuously leveraging its corporate resources and working alongside various sectors across the community to promote the sustainable development and cultural vitality of the historic neighbourhood.
- 2026-09-10 The Parisian Macao Celebrates 10th Anniversary Demonstrating Sands China''s long-term commitment to investing in Continuously expanding non-gaming offerings to support Macao''s economic diversification MACAO, Sept. 10, 2026 /PRNewswire/ -- The Parisian® Macao will mark its 10th anniversary on Sept.
- 2026-09-09 ‘Gambling with our lives'': Anthropic researcher quits, warns against self-improving AI An Anthropic researcher has resigned over fears that unrestrained development of self-improving AI models will end up killing us all.
- 2026-09-03 Baron Focused Growth Fund Q2 2026 Portfolio Update Baron Focused Growth Fund rebounded in Q2 from a disappointing start to the year, with the Fund gaining 13.26% compared with a gain of 24.02% for the Russell 2500 Growth Index. We remain steadfast in our commitment to long-term investing in competitively advantaged, growth businesses. As of June 30, 2026, the Fund owned 28 investments.
- 2026-08-20 Sands China Wins Two PATA Gold Awards The company''s social inclusion and cultural publishing initiatives garner international accolades MACAO, Aug. 20, 2026 /PRNewswire/ -- Sands China Ltd. has been recognised at the PATA Gold Awards 2026 with two honours: winning the Gold Award in the category of Printed Marketing Campaign (Industry) for the artbook publication "Sands China Presents — Dopamine: Fountain of Happiness" and the Gold Award in the category of Sustainable and Inclusive Marketing Campaign for its signature initiative the Sands Shopping Carnival.
- 2026-08-05 Sands China Earns Great Place To Work Certification™ First integrated tourism and leisure enterprise in Greater China to receive this recognition MACAO, Aug. 5, 2026 /PRNewswire/ -- In recognition of its people-centric corporate culture and outstanding workplace environment, Sands China Ltd. has been awarded the Great Place To Work Certification™ upon its first participation in the assessment conducted by Great Place To Work™, a global authority on workplace culture.
- 2026-08-04 Las Vegas Sands Donates $450,000 to The WASH Foundation Funding supports the company''s 13 th hygiene kit build to benefit people facing hardships, grants to water champions in Sands'' regions and the foundation''s WASH programs. LAS VEGAS, Aug. 4, 2026 /PRNewswire/ -- Las Vegas Sands (NYSE: LVS) has contributed $450,000 to The WASH Foundation, totaling more than $6.5 million in contributions since 2014 for the organization''s efforts to bring safe water, sanitation and hygiene (WASH) to the 4.2 billion people globally who lack access to these resources.
- 2026-08-04 Sands China as World''s First Integrated Tourism and Leisure Enterprise to Achieve ISO 14001:2026 Certification for Environmental Management First in global hospitality industry and Macao-Hong Kong region to receive accreditation Reinforces company''s leading position in sustainable development MACAU, Aug. 4, 2026 /PRNewswire/ -- Sands China has recently been awarded ISO 14001:2026 Environmental Management System (EMS) certification by the British Standards Institution (BSI) Group, one of the world''s most authoritative certification bodies. This achievement makes Sands China the world''s first integrated tourism and leisure enterprise to be certified to this ISO standard for EMS, as well as the first company in the global hospitality industry and the Macao and Hong Kong region to receive the certification.
- 2026-08-03 ''2026 Sands Shopping Carnival'' Continues Driving Community Impact Empowering community inclusion for seventh consecutive yearOffering diverse growth opportunities for community MACAO, Aug. 3, 2026 /PRNewswire/ -- Since its inception in 2020, Sands China has developed the Sands Shopping Carnival into a premier annual event that supports local SMEs and fosters social inclusion, reflecting the company''s commitment to supporting local SMEs and the Sands Cares spirit of promoting inclusion in the community. The seventh edition of the carnival concluded earlier at Cotai Expo, with 20 social service organisations and more than 100 Sands Cares Ambassador volunteers taking part in the four-day event — which aimed to provide stakeholders across different sectors in Macao with further opportunities to participate, expand their businesses, and engage with the community.