Las Vegas Sands (LVS) 10-K 7 Feb 25 2024 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2024	Feb. 05, 2025	Jun. 28, 2024
Cover [Abstract]
Document type	10-K
Document annual report	true
Current fiscal year end date	--12-31
Document period end date	Dec. 31, 2024
Document transition report	false
Entity file number	001-32373
Entity registrant name	LAS VEGAS SANDS CORP.
Entity incorporation, state or country code	NV
Entity tax identification number	27-0099920
Entity address, address line one	5420 S. Durango Dr.
Entity address, city or town	Las Vegas,
Entity address, state or province	NV
Entity address, postal zip code	89113
City area code	702
Local phone number	923-9000
Title of 12(b) security	Common Stock ($0.001 par value)
Trading symbol	LVS
Security exchange name	NYSE
Entity well-known seasoned issuer	Yes
Entity voluntary filers	No
Entity current reporting status	Yes
Entity interactive data current	Yes
Entity filer category	Large Accelerated Filer
Entity small business	false
Entity emerging growth company	false
ICFR Auditor Attestation Flag	true
Document financial statement error correction	false
Entity shell company	false
Entity public float			$ 15,458,744,890
Entity common stock, shares outstanding		715,934,671
Documents incorporated by reference	Portions of the definitive Proxy Statement to be used in connection with the registrant's 2025 Annual Meeting of Stockholders are incorporated into Part III (Item 10 through Item 14) of this Annual Report on Form 10-K.
Entity central index key	0001300514
Document fiscal year focus	2024
Document fiscal period focus	FY
Amendment flag	false

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2024
Audit Information [Abstract]
Auditor firm ID	34
Auditor name	Deloitte & Touche LLP
Auditor location	Las Vegas, Nevada

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 3,650	$ 5,105
Accounts receivable, net of provision for credit losses of $186 and $201	417	484
Inventories	41	38
Prepaid expenses and other	182	150
Total current assets	4,290	5,777
Loan receivable	1,264	1,194
Property and equipment, net	11,993	11,439
Restricted cash and cash equivalents	125	124
Deferred income taxes, net	122	121
Leasehold interests in land, net	2,002	2,249
Goodwill and intangible assets, net	545	598
Other assets, net	325	276
Total assets	20,666	21,778
Current liabilities:
Accounts payable	164	167
Construction payables	263	146
Other accrued liabilities	1,985	1,948
Income taxes payable	229	261
Current maturities of debt	3,160	1,900
Total current liabilities	5,801	4,422
Other long-term liabilities	925	936
Deferred income taxes	188	187
Debt	10,592	12,129
Total liabilities	17,506	17,674
Commitments and contingencies (Note 17)
Equity:
Preferred stock	0	0
Common stock	1	1
Treasury stock at cost	(6,759)	(4,991)
Capital in excess of par value	6,245	6,481
Accumulated other comprehensive income (loss)	(58)	27
Retained earnings	3,455	2,600
Total Las Vegas Sands Corp. stockholders' equity	2,884	4,118
Noncontrolling interests	276	(14)
Total equity	3,160	4,104
Total liabilities and equity	20,666	21,778
Accounts receivable, provision for credit loss, current	$ 186	$ 201
Preferred stock, par value (in usd per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in usd per share)	$ 0.001	$ 0.001
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	834,000,000	833,000,000
Common stock, shares outstanding	716,000,000	753,000,000
Treasury stock, shares	118,000,000	80,000,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenues:
Net revenues	$ 11,298	$ 10,372	$ 4,110
Operating expenses:
Provision for credit losses	19	4	15
General and administrative	1,150	1,107	936
Corporate	290	230	235
Pre-opening	14	15	13
Development	228	205	143
Depreciation and amortization	1,308	1,208	1,036
Amortization of leasehold interests in land	60	58	55
Loss on disposal or impairment of assets	50	27	9
Total operating expenses	8,896	8,059	4,902
Operating income (loss)	2,402	2,313	(792)
Other income (expense):
Interest income	275	288	116
Interest expense, net of amounts capitalized	(727)	(818)	(702)
Other income (expense)	10	(8)	(9)
Income (loss) from continuing operations before income taxes	1,960	1,775	(1,387)
Income tax expense	(208)	(344)	(154)
Net income (loss) from continuing operations	1,752	1,431	(1,541)
Income from operations of discontinued operations, net of tax	0	0	46
Gain on disposal of discontinued operations, net of tax	0	0	2,861
Adjustment to gain on disposal of discontinued operations, net of tax	0	0	(9)
Net income (loss) from discontinued operations	0	0	2,898
Net income	1,752	1,431	1,357
Net (income) loss attributable to noncontrolling interests from continuing operations	(306)	(210)	475
Net income attributable to Las Vegas Sands Corp.	$ 1,446	$ 1,221	$ 1,832
Earnings (loss) per share
Income (loss) from continuing operations, per basic share	$ 1.97	$ 1.60	$ (1.40)
Income (loss) from discontinued operations, net of tax, per basic share	0	0	3.80
Basic (in usd per share)	1.97	1.60	2.40
Income (loss) from continuing operations, per diluted share	1.96	1.60	(1.40)
Income (loss) from discontinued operations, net of tax, per diluted share	0	0	3.80
Diluted (in usd per share)	$ 1.96	$ 1.60	$ 2.40
Weighted average shares outstanding:
Basic (in shares)	735	763	764
Diluted (in shares)	737	765	764
Casino [Member]
Revenues:
Net revenues	$ 8,303	$ 7,522	$ 2,627
Operating expenses:
Cost of revenue	4,611	4,152	1,792
Rooms [Member]
Revenues:
Net revenues	1,274	1,204	469
Operating expenses:
Cost of revenue	313	283	173
Food and Beverage [Member]
Revenues:
Net revenues	607	584	301
Operating expenses:
Cost of revenue	512	481	319
Mall [Member]
Revenues:
Net revenues	755	767	580
Operating expenses:
Cost of revenue	87	88	73
Convention, Retail and Other [Member]
Revenues:
Net revenues	359	295	133
Operating expenses:
Cost of revenue	$ 254	$ 201	$ 103

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 1,752	$ 1,431	$ 1,357
Currency translation adjustment	(68)	37	14
Cash flow hedge fair value adjustment	(23)	(3)	(3)
Total comprehensive income	1,661	1,465	1,368
Comprehensive (income) loss attributable to noncontrolling interests	(300)	(210)	479
Comprehensive income attributable to Las Vegas Sands Corp.	$ 1,361	$ 1,255	$ 1,847

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Millions	Total	Common Stock [Member]	Treasury Stock, Common [Member]	Capital in Excess of Par Value [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings (Loss) [Member]	Noncontrolling Interests [Member]
Beginning balance at Dec. 31, 2021	$ 2,248	$ 1	$ (4,481)	$ 6,646	$ (22)	$ (148)	$ 252
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,357					1,832	(475)
Currency translation adjustment	14				17		(3)
Cash flow hedge fair value adjustment	(3)				(2)		(1)
Stock-based compensation	41			39			2
Tax withholding on vesting of equity awards	(1)			(1)
Ending balance at Dec. 31, 2022	3,656	1	(4,481)	6,684	(7)	1,684	(225)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,431					1,221	210
Currency translation adjustment	37				36		1
Cash flow hedge fair value adjustment	(3)				(2)		(1)
Exercise of stock options	4			4
Stock-based compensation	46			45			1
Tax withholding on vesting of equity awards	(2)			(2)
Repurchase of common stock	(510)		(510)
Unsettled contract for purchase of noncontrolling interest	(250)			(250)
Dividends, common stock, cash	(305)					(305)
Ending balance at Dec. 31, 2023	$ 4,104	1	(4,991)	6,481	27	2,600	(14)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock, dividends declared (per share)	$ 0.40
Net income	$ 1,752					1,446	306
Currency translation adjustment	(68)				(69)		1
Cash flow hedge fair value adjustment	(23)				(16)		(7)
Exercise of stock options	1			1
Stock-based compensation	56			54			2
Tax withholding on vesting of equity awards	(5)			(5)
Repurchase of common stock	(1,768)		(1,768)
Settlement of contracts for purchase of noncontrolling interest	(215)			(203)			(12)
Unsettled contract for purchase of noncontrolling interest	(35)			(35)
Capped call option contract	(48)			(48)
Dividends, common stock, cash	(591)					(591)
Ending balance at Dec. 31, 2024	$ 3,160	$ 1	$ (6,759)	$ 6,245	$ (58)	$ 3,455	$ 276
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock, dividends declared (per share)	$ 0.80

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities from continuing operations:
Net income (loss) from continuing operations	$ 1,752,000,000	$ 1,431,000,000	$ (1,541,000,000)
Adjustments to reconcile net income (loss) to net cash generated from (used in) operating activities:
Depreciation and amortization	1,308,000,000	1,208,000,000	1,036,000,000
Amortization of leasehold interests in land	60,000,000	58,000,000	55,000,000
Amortization of deferred financing costs and original issue discount	57,000,000	61,000,000	57,000,000
Change in fair value of derivative asset/liability	0	(1,000,000)	1,000,000
Paid-in-kind interest income	(71,000,000)	(30,000,000)	(15,000,000)
Loss on disposal or impairment of assets	19,000,000	11,000,000	7,000,000
Stock-based compensation expense	55,000,000	44,000,000	39,000,000
Provision for credit losses	19,000,000	4,000,000	15,000,000
Foreign exchange (gain) loss	(18,000,000)	7,000,000	(10,000,000)
Deferred income taxes	4,000,000	44,000,000	(2,000,000)
Income tax impact related to gain on sale of Las Vegas Operations	0	0	(750,000,000)
Changes in operating assets and liabilities:
Accounts receivable	43,000,000	(217,000,000)	(78,000,000)
Other assets	(48,000,000)	(50,000,000)	2,000,000
Accounts payable	(1,000,000)	76,000,000	11,000,000
Other liabilities	25,000,000	581,000,000	229,000,000
Net cash generated from (used in) operating activities from continuing operations	3,204,000,000	3,227,000,000	(944,000,000)
Cash flows from investing activities from continuing operations:
Capital expenditures	(1,567,000,000)	(1,017,000,000)	(651,000,000)
Proceeds from disposal of property and equipment	1,000,000	3,000,000	9,000,000
Acquisition of intangible assets and other	(13,000,000)	(240,000,000)	(129,000,000)
Proceeds from loan receivable	0	0	50,000,000
Net cash used in investing activities from continuing operations	(1,579,000,000)	(1,254,000,000)	(721,000,000)
Cash flows from financing activities from continuing operations:
Proceeds from exercise of stock options	1,000,000	4,000,000	0
Tax withholding on vesting of equity awards	(5,000,000)	(2,000,000)	(1,000,000)
Repurchase of common stock	(1,750,000,000)	(505,000,000)	0
Dividends paid	(590,000,000)	(305,000,000)	0
Proceeds from debt	1,748,000,000	0	1,200,000,000
Repayments of debt	(2,074,000,000)	(2,069,000,000)	(66,000,000)
Payments of financing costs	(60,000,000)	(32,000,000)	(11,000,000)
Settled contracts for purchase of noncontrolling interest	(215,000,000)	0	0
Unsettled contract for purchase of noncontrolling interest	(35,000,000)	(250,000,000)	0
Capped call option contract	(48,000,000)	0	0
Other	(32,000,000)	(29,000,000)	0
Transactions with discontinued operations	0	0	5,032,000,000
Net cash generated from (used in) financing activities from continuing operations	(3,060,000,000)	(3,188,000,000)	6,154,000,000
Cash flows from discontinued operations:
Net cash generated from operating activities	0	0	149,000,000
Net cash generated from investing activities	0	0	4,883,000,000
Net cash provided to continuing operations and used in financing activities	0	0	(5,032,000,000)
Net cash generated from discontinued operations	0	0	0
Effect of exchange rate on cash, cash equivalents and restricted cash and cash equivalents	(19,000,000)	8,000,000	22,000,000
Increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents	(1,454,000,000)	(1,207,000,000)	4,511,000,000
Cash, cash equivalents and restricted cash and cash equivalents at beginning of year	5,229,000,000	6,436,000,000	1,925,000,000
Cash, cash equivalents and restricted cash and cash equivalents at end of year	3,775,000,000	5,229,000,000	6,436,000,000
Supplemental disclosure of cash flow information:
Cash payments for interest, net of amounts capitalized	650,000,000	746,000,000	614,000,000
Cash payments for taxes, net of refunds	222,000,000	176,000,000	649,000,000
Changes in construction-related payables	138,000,000	(43,000,000)	(38,000,000)
Excise tax accrued on repurchase of common stock	$ 17,000,000	$ 5,000,000	$ 0

Organization and Business of Co

Organization and Business of Company	12 Months Ended
	Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Business of Company	Organization and Business of Company Las Vegas Sands Corp. (“LVSC” or together with its subsidiaries, the “Company”) is incorporated in Nevada and its common stock is traded on the New York Stock Exchange under the symbol “LVS.” The ordinary shares of the Company's subsidiary, Sands China Ltd. (“SCL,” the indirect owner and operator of the majority of the Company's operations in the Macao Special Administrative Region (“Macao”) of the People's Republic of China), are listed on The Main Board of The Stock Exchange of Hong Kong Limited. The shares were not, and will not be, registered under the Securities Act of 1933, as amended, and may not be offered or sold in the U.S. absent a registration under the Securities Act of 1933, as amended, or an applicable exception from such registration requirements. Macao From 2020 through the beginning of 2023, the Company’s operations in Macao were negatively impacted by the reduction in travel and tourism related to the COVID-19 pandemic. The Macao government's policy regarding the management of COVID-19 and general travel restrictions was relaxed in late December 2022 and early January 2023. Since then, visitation to the Company's Macao Integrated Resorts and operations has improved. The Macao government announced total visitation from mainland China to Macao increased approximately 28.6% during the year ended December 31, 2024, as compared to the same period in 2023. The Macao government also announced gross gaming revenue increased approximately 23.9% during the year ended December 31, 2024, as compared to the same period in 2023. Singapore The Company’s operations in Singapore continued to be positive as travel and tourism spending increased, resulting from the elimination of all remaining COVID-19 border measures in February 2023. Visitation to Marina Bay Sands continues to improve since the travel restrictions have been lifted. The Singapore Tourism Board (“STB”) announced total visitation to Singapore increased from approximately 13.6 million during the year ended December 31, 2023 to 16.5 million during the year ended December 31, 2024. Operations The Company is a developer of destination properties (“Integrated Resorts”) that feature premium accommodations, world-class gaming, entertainment and retail malls, convention and exhibition facilities, celebrity chef restaurants and other amenities. Macao The Company owns 72.29% of SCL, as of the date of this filing, which includes the operations of The Venetian Macao Resort Hotel (“The Venetian Macao”), The Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao (the “Four Seasons Macao”), Sands Macao and other ancillary operations that support these properties, as further discussed below. The Company operates the gaming areas within these properties pursuant to the 10-year concession agreement (the “Concession”), which expires on December 31, 2032. The Venetian Macao anchors the Cotai Strip, the Company's master-planned development of Integrated Resorts on an area of approximately 140 acres in Macao. The Venetian Macao includes a 39-floor luxury hotel with 2,905 suites; approximately 503,000 square feet of gaming space and gaming support area; a 14,000-seat arena; an 1,800-seat theater; a mall with retail and dining space of approximately 952,000 square feet; and a convention center and meeting room complex of approximately 1.2 million square feet. The Londoner Macao, the Company's largest Integrated Resort on the Cotai Strip, is located across the street from The Venetian Macao, The Parisian Macao and The Plaza Macao and Four Seasons Macao. The Londoner Macao presents a range of new attractions and features, including some of London’s most recognizable landmarks, such as the Houses of Parliament and the Elizabeth Tower (commonly known as “Big Ben”), and interactive guest experiences. The Integrated Resort features four hotel towers. The first hotel tower consists of Londoner Court with 368 luxury suites and 400 rooms and suites under the St. Regis brand. The second hotel tower consists of 659 five-star rooms and suites under the Conrad brand and The Londoner Macao Hotel with 594 London-themed suites, including 14 exclusive Suites by David Beckham. The third and fourth hotel towers will consist of 1,382 and 1,023 rooms and suites, respectively, upon completion of the conversion of the Sheraton Grand Macao into the Londoner Grand hotel as part of Phase II of The Londoner Macao (see “Development Projects” for further information). Within The Londoner Macao, the Company also owns and currently operates approximately 400,000 square feet of gaming space and gaming support area; approximately 358,000 square feet of meeting space and approximately 566,000 square feet of retail space; a 6,000-seat arena; and a 1,701-seat theater, as well as entertainment and dining facilities. The Parisian Macao is an Integrated Resort connected to The Venetian Macao and The Plaza Macao and Four Seasons Macao, which includes approximately 272,000 square feet of gaming space and gaming support area. The Parisian Macao also features 2,541 rooms and suites; approximately 297,000 square feet of retail and dining space; a meeting room complex of approximately 62,000 square feet; and a 1,200-seat theater. The Plaza Macao and Four Seasons Macao features 360 rooms and suites managed and operated by FS Macau Lda. and is located adjacent and connected to The Venetian Macao. Within the Integrated Resort, the Plaza Casino features approximately 108,000 square feet of gaming space and gaming support area; 19 Paiza mansions; retail space of approximately 262,000 square feet, which is connected to the mall at The Venetian Macao; several food and beverage offerings; and conference, banquet and other facilities. The Grand Suites at Four Seasons features 289 luxury suites. The Sands Macao, the first Las Vegas-style casino in Macao, offers approximately 176,000 square feet of gaming space and gaming support area and a 289-suite hotel tower, as well as several restaurants, VIP facilities, a theater and other high-end services and amenities. Singapore The Company owns and operates Marina Bay Sands in Singapore, which opened with approximately 2,600 rooms and suites located in three 55-story hotel towers. The Company is currently undertaking extensive renovation work, which has enhanced the positioning of the Company's hotel product and will result in a total of 1,844 rooms and suites upon completion (see “Development Projects” for further information). Marina Bay Sands also features the Sands SkyPark (which sits atop the hotel towers and features an infinity swimming pool and several dining options), approximately 162,000 square feet of gaming space, an enclosed retail, dining and entertainment complex of approximately 616,000 square feet, a convention center and meeting room complex of approximately 1.2 million square feet, a theater and a landmark iconic structure at the bay-front promenade that contains the ArtScience Museum. See “Development Projects” for further information on the Company's expansion project at Marina Bay Sands. Development Projects The Company regularly evaluates opportunities to improve its product offerings, such as refreshing its meeting and convention facilities, suites and rooms, retail malls, restaurant and nightlife mix and its gaming areas, as well as other anticipated revenue generating additions to the Company's Integrated Resorts. Macao As part of the Concession entered into by Venetian Macau Limited (“VML,” a subsidiary of Sands China Ltd.) and the Macao government, VML has committed to invest, or cause to be invested, at least 35.80 billion patacas (approximately $4.48 billion at exchange rates in effect on December 31, 2024) in Macao (the "Investment Plan"). Of this total, 33.36 billion patacas (approximately $4.17 billion at exchange rates in effect on December 31, 2024) must be invested in non-gaming projects. These investments must be realized by December 2032. Pursuant to the Concession, the Company has spent approximately $168 million on these projects for the year ending December 31, 2023. This amount was reviewed and confirmed as qualified spend under the Concession by the Macao government following an audit conducted in July 2024, with results issued in November 2024. The Macao government conducts an annual audit to confirm qualified concession investments for the prior year. As of the date of this filing, the audit process for 2024 investments has not yet commenced. The Company’s Investment Plan in Macao includes investments in projects across a number of key areas including attracting international visitors, conventions and exhibitions, entertainment shows, sporting events, culture and art, health and wellness, themed attractions, supporting Macao’s status as a city of gastronomy, and enhancing community and maritime tourism. Key aspects of the Investment Plan remain subject to Macao government approval and include: ◦ MICE Facility Expansion . The Company's vision is to elevate Macao's status in the international convention sector. To this end, the Company is proposing the construction of a state-of-the-art MICE facility. The facility is intended to connect to the Company's existing Venetian Macao exhibition center (the “Cotai Expo”). This expansion aims to increase the Company's hosting capacity and enhance Macao’s appeal as a premier destination for significant corporate events, supported by advanced resources to help organize such events and targeted marketing strategies. ◦ Tropical Garden Redevelopment . The Company plans to transform the Le Jardin garden, situated adjacent to The Londoner Macao, into a distinctive garden-themed attraction. Key highlights include an iconic conservatory and meticulously designed themed green spaces. The Company anticipates this venue will evolve into a renowned Macao landmark and year-round attraction for tourists and local residents, further solidifying Macao's reputation as a premier destination. The Company continues work on Phase II of The Londoner Macao, which primarily includes the renovation of the rooms in the Sheraton hotel towers, an upgrade of the gaming areas and the addition of attractions, dining, retail and entertainment offerings. The Londoner Grand casino opened on September 26, 2024. The Sheraton Grand Macao is being converted into the Londoner Grand hotel and represents Macao’s first Marriott International Luxury Collection hotel. As of December 31, 2024, more than 300 newly renovated rooms and suites were available for occupancy at the Londoner Grand and upon completion will have 2,405 rooms and suites. These projects have a total estimated cost of $1.2 billion and are expected to be substantially completed during the first half of 2025. Singapore In April 2019, the Company's wholly owned subsidiary, Marina Bay Sands Pte. Ltd. (“MBS”) and the STB entered into a development agreement (the “Second Development Agreement”) pursuant to which MBS has agreed to construct a development on a land parcel adjacent to Marina Bay Sands. The MBS Expansion Project will include a hotel tower with luxury rooms and suites, a rooftop attraction, premium gaming areas, convention and meeting facilities and a state-of-the-art live entertainment arena with approximately 15,000 seats (the “MBS Expansion Project”). The Company’s estimated total project cost is approximately $8.0 billion, inclusive of financing fees and interest, land premiums and the pending purchase of an additional 2,000 square meters of gaming area (the “Additional Gaming Area”), increasing Marina Bay Sands’ total approved gaming area to 17,000 square meters across the existing property and the MBS Expansion Project. The Company has incurred approximately $1.36 billion as of December 31, 2024, inclusive of the payment made in 2019 for the lease of the parcels of land underlying the MBS development project site. The additional payment due to the Singapore government, pursuant to the second supplemental agreement mentioned below, related to the Additional Gaming Area and changes to the MBS Expansion Project gross floor area allocation is estimated to be approximately $1.0 billion, $850 million of which the Company expects will be due during the second quarter of 2025, with the remainder to be due in 2026. On January 8, 2025, MBS entered into a second supplemental agreement to the Second Development Agreement with the Singapore government (the “Second Supplemental Agreement”) whereby MBS committed to assume liability for the cost of the land premium associated with the Additional Gaming Area purchase as well as other adjustments to the land premiums resulting from the consequential changes to the allocations of gross floor area for the MBS Expansion Project since the first payment made in 2019. These allocations prescribe and limit the use of the gross floor area for hotel, gaming, retail, food and beverage, MICE and arena at the MBS Expansion Project site. The Second Supplemental Agreement also formalized the dates by which MBS has agreed with the Singapore government to commence and complete construction of the MBS Expansion Project, being July 8, 2025 and July 8, 2029, respectively. These dates were previously agreed by way of the letter agreement, dated April 1, 2024, between the STB and MBS. While the Company's current estimate is that construction will be complete June 2030 with an anticipated opening date in January 2031, any extension of the completion date beyond the July 8, 2029 deadline is subject to the approval of the Singapore government. The renovation of Towers 1 and 2 of Marina Bay Sands is now complete and has introduced world class suites and other luxury amenities at a cost of approximately $1.0 billion. The Company is continuing with the renovation of the Tower 3 hotel rooms into world class suites and other property changes at an estimated cost of approximately $750 million to be completed in phases during the first half of 2025. These renovations at Marina Bay Sands will result in a total of 1,844 rooms and suites upon completion and are substantially upgrading the overall guest experience for its premium customers, including new dining and retail experiences, and upgrading the casino floor including the introduction of tower gaming, among other things. These projects are in addition to the MBS Expansion Project. New York On June 2, 2023, the Company acquired the Nassau Veterans Memorial Coliseum (the “Nassau Coliseum”) from Nassau Live Center, LLC and related entities, which included the right to lease the underlying land from the County of Nassau in the State of New York. The Company purchased the Nassau Coliseum with the intent to obtain a casino license from the State of New York to develop and operate an Integrated Resort. There is no assurance the Company will be able to resolve certain matters associated with the right to lease the underlying land from Nassau County or to obtain such casino license. Refer to “Note 16 — Leases” for further details. Other

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned and majority-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. Use of Estimates The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires the Company to make estimates and judgments that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent assets and liabilities. Estimates are used for, but not limited to, income taxes, useful lives and impairment of property and equipment, valuation of acquired intangibles and goodwill, inventory valuation, collectability of receivables, and operating leases. These estimates and judgments are based on historical information, information currently available to the Company and on various other assumptions the Company believes to be reasonable under the circumstances. Actual results could vary from those estimates. Cash and Cash Equivalents and Restricted Cash and Cash Equivalents Cash and cash equivalents consist of cash and short-term investments with original maturities of three months or less. Such investments are carried at cost, which is a reasonable estimate of their fair value. Cash equivalents are placed with high credit quality financial institutions and include cash deposits, cash held in money market funds and U.S. Treasury Bills. U.S. Treasury Bills are held-to-maturity. Cash is considered restricted when withdrawal or general use is legally restricted. The Company determines current or noncurrent classification based on the expected duration of the restriction. The Company’s restricted cash and cash equivalents includes amounts held in a separate cash deposit account as collateral for a bank guarantee and other amounts contractually reserved for various items. The estimated fair value of the Company's cash equivalents is based on level 1 inputs (quoted market prices in active markets). Financial instruments that potentially subject the Company to concentrations of credit risk are primarily cash, cash equivalents and marketable securities. The Company maintains its cash and cash equivalent balances in the form of business checking accounts, money market accounts, cash deposits and U.S. Treasury Bills, the balances of which, at times, may exceed insured limits. The Company seeks to reduce exposure to cash and cash equivalents credit risk by placing such deposits with major financial institutions and monitoring their credit ratings. Accounts Receivable and Credit Risk Accounts receivable is comprised of casino, hotel, mall and other receivables, which do not bear interest and are recorded at amortized cost. The Company extends credit to approved casino patrons following background checks and investigations of creditworthiness. Business or economic conditions, the legal enforceability of gaming debts, foreign currency control measures or other significant events in foreign countries could affect the collectability of receivables from patrons residing in these countries. Accounts receivable primarily consists of casino receivables. Other than casino receivables, there is no other concentration of credit risk with respect to accounts receivable. The Company believes the concentration of its credit risk in casino receivables is mitigated substantially by its credit evaluation process, credit policies, credit control and collection procedures, and also believes there are no concentrations of credit risk for which a provision has not been established. Although management believes the provision is adequate, it is possible the estimated amount of cash collections with respect to accounts receivable could change. Inventories Inventories consist primarily of food, beverage, retail products and operating supplies, which are stated at the lower of cost or net realizable value. Cost is determined by the weighted average and specific identification methods. Loan Receivable Loan receivables are carried at the outstanding principal amount. A provision for credit loss on loan receivables is established when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. The Company determines this by considering several factors, including the credit risk and current financial condition of the borrower, the borrower’s ability to pay current obligations, historical trends and economic and market conditions. The Company performs a credit quality assessment on the loan receivable on a quarterly basis and reviews the need for an allowance under Financial Accounting Standards Board (“FASB”) Accounting Standards Update No. 2016-13. The Company evaluates the extent and impact of any credit deterioration that could affect the performance and the value of the secured property, as well as the financial and operating capability of the borrower. The Company also evaluates and considers the overall economic environment, casino and hospitality industry and geographic sub-market in which the secured property is located. Interest income is recorded on an accrual basis at the stated interest rate and is recorded in “Interest income” in the accompanying consolidated statements of operations. Property and Equipment Property and equipment are stated at cost, net of accumulated depreciation and amortization, and accumulated impairment losses, if any. Depreciation and amortization are provided on a straight-line basis over the estimated useful lives of the assets, which do not exceed the lease term for leasehold improvements, as follows: Land improvements, building and building improvements 10 to 50 years Furniture, fixtures and equipment 3 to 20 years Leasehold improvements 3 to 15 years Transportation 5 to 20 years The estimated useful lives are based on the nature of the assets as well as current operating strategy and legal considerations, such as contractual life, and are periodically reviewed. Future events, such as property expansions, property developments, new competition or new regulations, could result in a change in the manner in which the Company uses certain assets requiring a change in the estimated useful lives of such assets. Maintenance and repairs that neither materially add to the value of the asset nor appreciably prolong its life are charged to expense as incurred. Gains or losses on disposition of property and equipment are included in the consolidated statements of operations. The Company evaluates its property and equipment and other long-lived assets for impairment in accordance with related accounting standards. For assets to be disposed of, the Company recognizes the asset to be sold at the lower of carrying value or fair value less costs of disposal. Fair value for assets to be disposed of is estimated based on comparable asset sales, solicited offers or a discounted cash flow model. Fixed assets are reviewed for impairment whenever indicators of impairment exist. Determining the recoverability of the Company's asset groups is judgmental in nature and requires the use of significant estimates and assumptions, including estimated cash flows, probability weighting of potential scenarios, costs to complete construction for assets under development, growth rates and future market conditions, among others. Future changes to the Company's estimates and assumptions based upon changes in macro-economic factors, regulatory environments, operating results or management's intentions may result in future changes to the recoverability of these asset groups. Gaming Assets under the Macao Concession As the Company continues to operate the Gaming Assets, as defined in “Note 7 — Property and Equipment, Net,” in the same manner as under the previous subconcession, obtain substantially all of the economic benefits and bear all of the risks arising from the use of these assets, as well as assumes VML will be successful in being awarded a new concession upon expiry of the current concession, the Company continues to recognize these Gaming Assets as property and equipment over their remaining estimated useful lives. Leasehold Interests in Land Leasehold interests in land represent payments for the use of land over an extended period of time. The leasehold interests in land are amortized on a straight-line basis over the expected term of the related lease agreements. Goodwill Goodwill represents the excess of the purchase price in a business combination over the fair value of the tangible and intangible assets acquired and the liabilities assumed. Goodwill is not amortized, but rather is subject to an annual impairment test. The Company tests goodwill for impairment annually, or more frequently if events or changes in circumstances indicate that this asset may be impaired. The Company’s test of goodwill impairment starts with a qualitative assessment to determine whether it is necessary to perform a quantitative goodwill impairment test. If qualitative factors indicate that the fair value of the reporting unit is more likely than not less than its carrying amount, then a quantitative goodwill impairment test is performed. For the quantitative analysis, the Company compares the fair value of its reporting unit to its carrying value. If the estimated fair value exceeds its carrying amount, goodwill is considered not to be impaired and no additional steps are necessary. However, if the fair value of the reporting unit is less than its carrying amount, a goodwill impairment is recorded equal to the difference between the carrying amount of the reporting unit and its fair value, not to exceed the carrying amount of goodwill. Intangible Assets other than Goodwill The Company's intangible assets other than goodwill consist primarily of finite-lived intangible assets, including its Macao gaming concession and Singapore gaming license. Finite-lived intangible assets are amortized over the shorter of their contractual terms or estimated useful lives. Leases Management determines if a contract is, or contains, a lease at inception or modification of a contract. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period in exchange for consideration. Control over the use of the identified asset means the lessee has both (a) the right to obtain substantially all of the economic benefits from the use of the asset and (b) the right to direct the use of the asset. Finance and operating lease right-of-use (“ROU”) assets and liabilities are recognized based on the present value of future minimum lease payments over the expected lease term at commencement date. As the implicit rate is not determinable in most of the Company’s leases, management uses the Company’s incremental borrowing rate based on the information available at commencement date in determining the present value of future payments. The expected lease terms include options to extend or terminate the lease when it is reasonably certain the Company will exercise such option. Lease expense for minimum lease payments is recognized on a straight-line basis over the expected lease term. The Company’s lease arrangements have lease and non-lease components. For leases in which the Company is the lessee, the Company accounts for the lease components and non-lease components as a single lease component for all classes of underlying assets (primarily real estate). Leases in which the Company is the lessor are substantially all accounted for as operating leases and the lease components and non-lease components are accounted for separately. Leases with an expected term of 12 months or less are not accounted for on the balance sheet and the related lease expense is recognized on a straight-line basis over the expected lease term. Capitalized Interest and Internal Costs Interest costs associated with major construction projects are capitalized and included in the cost of the projects. When no debt is incurred specifically for construction projects, interest is capitalized on amounts expended using the weighted average cost of the Company's outstanding borrowings. Capitalization of interest ceases when the project is substantially complete or construction activity is suspended for more than a brief period. During the years ended December 31, 2024, 2023 and 2022, the Company capitalized $14 million, $7 million and $4 million, respectively, of interest expense. During the years ended December 31, 2024, 2023 and 2022, the Company capitalized approximately $56 million, $53 million and $42 million, respectively, of internal costs, consisting primarily of compensation expense for individuals directly involved with the development and construction of property and digital gaming software. Deferred Financing Costs and Original Issue Discounts Certain direct and incremental costs and discounts incurred in obtaining loans are capitalized and amortized to interest expense based on the terms of the related debt instruments using the effective interest method. Revenue Recognition Revenue from contracts with customers primarily consists of casino wagers, room sales, food and beverage transactions, rental income from the Company’s mall tenants, convention sales and entertainment and ferry ticket sales. These contracts can be written, oral or implied by customary business practices. Gross casino revenue is the aggregate of gaming wins and losses. The commissions rebated to gaming promoters and premium players for rolling play, cash discounts and other cash incentives to patrons related to gaming play are recorded as a reduction to gross casino revenue. Gaming contracts include a performance obligation to honor the patron’s wager and typically include a performance obligation to provide a product or service to the patron on a complimentary basis to incentivize gaming or in exchange for points earned under the Company’s loyalty programs. For wagering contracts that include complimentary products and services provided by the Company to incentivize gaming, the Company allocates the relative stand-alone selling price of each product and service to the respective revenue type. Complimentary products or services provided under the Company's control and discretion, which are supplied by third parties, are recorded as an operating expense. For wagering contracts that include products and services provided to a patron in exchange for points earned under the Company’s loyalty programs, the Company allocates the estimated fair value of the points earned to the loyalty program liability. The loyalty program liability is a deferral of revenue until redemption occurs. Upon redemption of loyalty program points for Company-owned products and services, the stand-alone selling price of each product or service is allocated to the respective revenue type. For redemptions of points with third parties, the redemption amount is deducted from the loyalty program liability and paid directly to the third party. Any discounts received by the Company from the third party in connection with this transaction are recorded to other revenue. After allocation to the other revenue types for products and services provided to patrons as part of a wagering contract, the residual amount is recorded to casino revenue as soon as the wager is settled. As all wagers have similar characteristics, the Company accounts for its gaming contracts collectively on a portfolio basis versus an individual basis. Hotel revenue recognition criteria are met at the time of occupancy. Food and beverage revenue recognition criteria are met at the time of service. Convention revenues are recognized when the related service is rendered or the event is held. Deposits for future hotel occupancy, convention space or food and beverage services contracts are recorded as deferred revenue until the revenue recognition criteria are met. Cancellation fees for convention contracts are recognized upon cancellation by the customer and are included in other revenues. Ferry and entertainment revenue recognition criteria are met at the completion of the ferry trip or event, respectively. Revenue from contracts with a combination of these services is allocated pro rata based on each service’s relative stand-alone selling price. Revenue from leases is primarily recorded to mall revenue and is generated from base rents and overage rents received through long-term leases with retail tenants. Base rent, adjusted for contractual escalations, is recognized on a straight-line basis over the term of the related lease. Overage rent is paid by a tenant when its sales exceed an agreed upon minimum amount and is not recognized by the Company until the threshold is met. Contract and Contract Related Liabilities The Company provides numerous products and services to its customers. There is often a timing difference between the cash payment by the customers and recognition of revenue for each of the associated performance obligations. The Company has the following main types of liabilities associated with contracts with customers: (1) outstanding chip liability, (2) loyalty program liability and (3) customer deposits and other deferred revenue for gaming and non-gaming products and services yet to be provided. The outstanding chip liability represents the collective amounts owed to patrons in exchange for gaming chips in their possession. Outstanding chips are expected to be recognized as revenue or redeemed for cash within one year of being purchased. The loyalty program liability represents a deferral of revenue until patron redemption of points earned. The loyalty program points are expected to be redeemed and recognized as revenue within one year of being earned. Customer deposits and other deferred revenue represent cash deposits made by customers for future services provided by the Company. With the exception of mall deposits, which typically extend beyond a year based on the terms of the lease, the majority of these customer deposits and other deferred revenue are expected to be recognized as revenue or refunded to the customer within one year of the date the deposit was recorded. The following table summarizes the liability activity related to contracts with customers: Outstanding Chip Liability Loyalty Program Liability Customer Deposits and Other Deferred Revenue (1) 2024 2023 2024 2023 2024 2023 (In millions) Balance at January 1 $ 135 $ 81 $ 45 $ 72 $ 690 $ 614 Balance at December 31 112 135 38 45 763 690 Increase (decrease) $ (23) $ 54 $ (7) $ (27) $ 73 $ 76 ____________________ (1) Of this amount, $175 million, $167 million and $149 million as of December 31, 2024 and 2023 and January 1, 2023, respectively, relates to mall deposits that are accounted for based on lease terms usually greater than one year. Gaming Taxes The Company is subject to taxes based on gross gaming revenue in the jurisdictions in which it operates, subject to applicable jurisdictional adjustments. These gaming taxes, including the goods and services tax in Singapore, are an assessment on the Company's gaming revenue and are recorded as casino expense in the accompanying consolidated statements of operations. These taxes were $3.45 billion, $3.06 billion and $935 million for the years ended December 31, 2024, 2023 and 2022, respectively. Pre-Opening and Development Expenses The Company accounts for costs incurred in the development and pre-opening phases of new ventures in accordance with accounting standards regarding start-up activities. Pre-opening expenses represent personnel and other costs incurred prior to the opening of new ventures and are expensed as incurred. Development expenses include the costs associated with the Company's evaluation and pursuit of new business opportunities, which are also expensed as incurred. Advertising Costs Costs for advertising are expensed the first time the advertising takes place or as incurred. Advertising costs are included in "General and administrative" expenses in the accompanying consolidated statements of operations and were $34 million, $47 million and $29 million for the years ended December 31, 2024, 2023 and 2022, respectively. Corporate Expenses Corporate expense represents payroll, travel, legal fees, professional fees and various other expenses not allocated or directly related to the Company's Integrated Resort operations and related ancillary operations. Foreign Currency The functional currency of most of the Company's foreign subsidiaries is the local currency in which the subsidiary operates. Balance sheet accounts are translated at the exchange rate in effect at each balance sheet date and income statement accounts are translated at the average exchange rates during the year. Translation adjustments resulting from this process are recorded to other comprehensive income (loss). Gains or losses from foreign currency remeasurements that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in “Other income (expense).” Earnings (Loss) Per Share The weighted average number of common and common equivalent shares used in the calculation of basic and diluted earnings (loss) per share consisted of the following: Year Ended December 31, 2024 2023 2022 (In millions) Weighted average common shares outstanding (used in the calculation of basic earnings (loss) per share) 735 763 764 Potential dilution from stock options and restricted stock and stock units 2 2 — Weighted average common and common equivalent shares (used in the calculation of diluted earnings (loss) per share) 737 765 764 Antidilutive stock options excluded from the calculation of diluted earnings (loss) per share 10 6 15 Stock-Based Compensation Stock-based compensation cost is measured at the grant date, based on the calculated fair value of the award, and is recognized over the employee's requisite service period (generally the vesting period of the equity grant). The Company's stock-based compensation plans are more fully discussed in “Note 18 — Stock-Based Compensation.” Income Taxes The Company is subject to income taxes in the U.S. (including federal and state) and numerous foreign jurisdictions in which it operates. The Company records income taxes under the asset and liability method, whereby deferred tax assets and liabilities are recognized based on the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and attributable to operating loss and tax credit carryforwards. Accounting standards regarding income taxes require a reduction of the carrying amounts of deferred tax assets by a valuation allowance, if based on the available evidence, it is “more-likely-than-not” such assets will not be realized. Accordingly, the need to establish valuation allowances for deferred tax assets is assessed at each reporting period based on a “more-likely-than-not” realization threshold. This assessment considers, among other matters, the nature, frequency and severity of current and cumulative losses, forecasts of future profitability, the duration of statutory carryforward periods, the Company's experience with operating loss and tax credit carryforwards not expiring and tax planning strategies. Management will reassess the realization of deferred tax assets at each reporting period and consider the scheduled reversal of deferred tax liabilities, sources of taxable income and tax planning strategies. To the extent the financial results of these operations improve and it becomes “more-likely-than-not” the deferred tax assets are realizable, the Company will be able to reduce the valuation allowance in the period such determination is made as appropriate. Significant judgment is required in evaluating the Company's tax positions and determining its provision for income taxes. During the ordinary course of business, there are transactions for which the ultimate tax determination is uncertain. The Company considers many factors when evaluating and estimating its tax positions and tax benefits, which may require periodic adjustments and for which actual outcomes may be different. Fair Value Measurements Under applicable accounting guidance, fair value is defined as the exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. Applicable accounting guidance also establishes a valuation hierarchy for inputs in measuring fair value that maximizes the use of observable inputs (inputs market participants would use based on market data obtained from sources independent of the Company) and minimizes the use of unobservable inputs (inputs that reflect the Company's assumptions based upon the best information available in the circumstances) by requiring the most observable inputs be used when available. Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 inputs are quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs (other than quoted prices) that are observable for the assets or liabilities, either directly or indirectly. Level 3 inputs are unobservable inputs for the assets or liabilities. Categorization within the hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Accounting for Derivative Instruments and Hedging Activities Accounting standards require an entity to recognize all derivatives as either assets or liabilities in the balance sheet and measure those instruments at fair value. If specific conditions are met, a derivative may be designated as a hedge of specific financial exposures. The accounting for changes in fair value of a derivative depends on the intended use of the derivative and, if used in hedging activities, on its effectiveness as a hedge. In order to qualify for hedge accounting, the underlying hedged item must expose the Company to risks associated with market fluctuations and the financial instrument used must be designated as a hedge and must reduce the Company's exposure to market fluctuation throughout the hedge period. Additionally, the Company has elected to present derivative assets and liabilities with the same counterparty, where appropriate, on a net basis in the accompanying consolidated balance sheets. Changes in market rates and prices, such as interest rates, foreign currency exchange rates and commodity prices, can impact the Company’s results of operations. The Company’s primary exposures to market risk are interest rate risk associated with debt and foreign currency exchange rate risk associated with the Company’s operations outside the United States. The Company has a policy aimed at managing interest rate risk associated with its current and anticipated future borrowings and foreign currency exchange rate risk associated with operations of its foreign subsidiaries. This policy enables the Company to use any combination of swaps, futures, options, caps, forward contracts and similar instruments. The Company does not hold or issue financial instruments for trading purposes and does not enter into derivative transactions that would be considered speculative positions. Recent Accounting Pronouncements The Company’s management has evaluated all of the recently issued, but not yet effective, accounting standards that have been issued or proposed by the FASB or other standards-setting bodies through the filing date of these financial statements and does not believe the future adoption of any such pronouncements will have a material effect on the Company’s financial position, results of operations and cash flows. New Pronouncements Adopted In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , which enhances reportable segment disclosure requirements primarily through expanded disclosures around significant segment expenses. The amendments are effective for fiscal years beginning after December 15, 2023, and for interim periods within fiscal years beginning after December 15, 2024. The amendments should be applied retrospectively to all prior periods presented in the financial statements. The Company adopted the new accounting pronouncement on January 1, 2024. The adoption of this guidance did not have an effect on the Company’s financial position, results of operations and cash flows. See “Note 20 — Segment Information” for additional disclosures. New Pronouncements Issued In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures , which includes amendments that further enhance income tax disclosures, primarily through standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. The amendments are effective for the Company's annual periods beginning January 1, 2025, with early adoption permitted, and may be applied either prospectively or retrospectively. The Company is assessing the guidance, noting the adoption impacts disclosure only. In November 2024, the FASB issued ASU 2024-03, Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40) . Additionally, in January 2025, the FASB issued ASU 2025-01 to clarify the effective date of ASU 2024-03. The standard provides guidance to expand disclosures related to the disaggregation of income statement expenses. The standard requires, in the notes to the financial statements, disclosure of specified information about certain costs and expenses, which includes purchases of inventory, employee compensation, depreciation and intangible asset amortization included in each relevant expense caption. This guidance is effective for fiscal years beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027, on a retrospective or prospective basis, with early adoption permitted. The Company is assessing the guidance, noting the adoption impacts disclosure only.

Discontinued Operations

Discontinued Operations	12 Months Ended
	Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations On February 23, 2022, the Company completed the sale of its Las Vegas real property and operations, including The Venetian Resort Las Vegas and the Sands Expo and Convention Center (the “Las Vegas Operations”), (the “Closing”), to VICI Properties L.P. (“PropCo”) and Pioneer OpCo, LLC (“OpCo”) for an aggregate purchase price of approximately $6.25 billion (the “Las Vegas Sale”). Under the terms of the agreements related to the Las Vegas Sale, OpCo acquired subsidiaries that hold the operating assets and liabilities of the Las Vegas Operations for approximately $1.05 billion in cash, subject to certain post-closing adjustments, and $1.20 billion in seller financing in the form of a six-year term loan credit and security agreement (the “Seller Financing Loan Agreement”) and PropCo acquired subsidiaries that hold the real estate and real estate-related assets of the Las Vegas Operations for approximately $4.0 billion in cash. Upon the Closing, the Company received approximately $5.05 billion in cash proceeds, before transaction costs and working capital adjustments of $77 million, and recognized a gain on disposal of $3.60 billion, before income tax expense of $750 million, during the year ended December 31, 2022. As there is no continuing involvement between the Company and the Las Vegas Operations, the Company accounted for the transaction as a sale of a business. The Company concluded the Las Vegas Operations met the criteria for held for sale and discontinued operations beginning in the first quarter of 2021. As a result, the Las Vegas Operations is presented in the accompanying consolidated statements of operations and cash flows as a discontinued operation for all periods presented. The Company reported the operating results and cash flows related to the Las Vegas Operations through February 22, 2022. Unless otherwise noted, amounts and disclosures throughout these Notes to Consolidated Financial Statements relate to the Company's continuing operations. Las Vegas Operations The following table represents summarized income statement information of discontinued operations: Year Ended December 31, 2022 (1) Revenues: Casino $ 61 Rooms 78 Food and beverage 43 Convention, retail and other 46 Net revenues 228 Resort operations expenses 107 Provision for credit losses 3 General and administrative 55 Operating income 63 Interest expense (2) Other expense (3) Income from operations of discontinued operations 58 Gain on disposal of discontinued operations 3,611 Adjustment to gain on disposal of discontinued operations (2) (9) Income from discontinued operations, before income tax 3,660 Income tax expense (762) Net income from discontinued operations presented in the statement of operations $ 2,898 Adjusted Property EBITDA $ 63 __________________________ (1) Includes the Las Vegas Operations financial results for the period from January 1, 2022 through February 22, 2022. (2) Primarily relates to the finalization of the working capital adjustment pursuant to the terms of the related agreements. For the 53-day period ended February 22, 2022, the Company’s Las Vegas Operations were classified as a discontinued operation held for sale. The Company applied the intraperiod tax allocation rules to allocate the provision for income taxes between continuing operations and discontinued operations using the “with and without” approach. The Company calculated income tax expense from all financial statement components (continuing and discontinued operations), the “with” computation, and compared that to the income tax expense attributable to continuing operations, the “without” computation. The difference between the “with” and “without” computations was allocated to discontinued operations.

Loan Receivable

Loan Receivable	12 Months Ended
	Dec. 31, 2024
Loans and Leases Receivable Disclosure [Abstract]
Loan Receivable	Loan Receivable Seller Financing Loan Agreement On February 23, 2022, in conjunction with the Closing, the Company and the Loan Parties entered into the Seller Financing Loan Agreement. The Seller Financing Loan Agreement provides for a six-year senior secured term loan facility in an aggregate principal amount of $1.20 billion (the “Seller Loan”) at the date of the Closing. The Seller Loan is guaranteed by the Guarantors and secured by a first-priority lien on substantially all of the Loan Parties’ assets (subject to customary exceptions and limitations), including a leasehold mortgage from OpCo over certain real estate that was sold to PropCo at the Closing and leased by OpCo. The Seller Loan bears interest at a rate equal to 1.50% per annum for the calendar years ended December 31, 2022 and 2023, and 4.25% per annum for each calendar year thereafter, and was subject to an increase of 1.00% per annum for any interest OpCo elected to pay by increasing the principal amount of the Seller Loan prior to January 1, 2024, and an increase of 1.50% per annum for any such election during the calendar year ended December 31, 2024. Any interest to be paid after December 31, 2024, will be paid in cash. The Seller Financing Loan Agreement contains certain customary representations and warranties and covenants, subject to customary exceptions and thresholds. The Seller Financing Loan Agreement’s negative covenants restrict the ability of the Loan Parties and their subsidiaries to, among other things, (i) incur debt, (ii) create certain liens on their assets, (iii) dispose of their assets, (iv) make investments or restricted payments, including dividends, (v) merge, liquidate, dissolve, change their business or consolidate with other entities and (vi) enter into affiliate transactions. The Seller Financing Loan Agreement also contains customary events of default, including payment defaults, cross defaults to material debt, bankruptcy and insolvency, breaches of covenants and inaccuracy of representations and warranties, subject to customary grace periods. Upon an event of default, the Company may declare any then-outstanding amounts due and payable and exercise other customary remedies available to a secured lender. Based on the Company’s assessment of the credit quality of the loan receivable, the Company believes it will collect all contractual amounts due under the loan. Accordingly, no provision for credit losses on the loan receivable was established as of December 31, 2024. Interest income is recorded on an accrual basis at the stated interest rate and is recorded in “Interest income” in the accompanying consolidated statements of operations. Interest income recognized on the loan was $70 million , $29 million and $21 million during the years ended December 31, 2024, 2023 and 2022, respectively, and OpCo elected payment-in-kind for a portion of this interest, thereby increasing the principal amount by $70 million , $29 million and $15 million for the years ended December 31, 2024, 2023 and 2022, respectively.

Restricted Cash and Cash Equiva

Restricted Cash and Cash Equivalents	12 Months Ended
	Dec. 31, 2024
Cash and Cash Equivalents [Abstract]
Restricted Cash and Cash Equivalents	Restricted Cash and Cash Equivalents The Company’s restricted cash and cash equivalents includes amounts held in a separate cash deposit account as collateral for a bank guarantee, as further described below. On December 7, 2022, as required by the Macao Concession, VML provided a bank guarantee in favor of the Macao government of 1.0 billion patacas (approximately $125 million at exchange rates as defined in the bank guarantee contract) to secure the fulfillment of VML's performance of the statutory and contractual obligations under the Concession. As stipulated in the bank guarantee contract, a minimum amount of 1.0 billion patacas, or $125 million, is required to be held within a cash deposit account as collateral in order to secure the bank guarantee. Any amount in excess of the minimum amount can be withdrawn from the cash deposits. The bank guarantee will remain in effect until 180 days after the end of the term of the Concession or the rescission of the Concession and was classified as noncurrent restricted cash in the accompanying consolidated balance sheets.

Accounts Receivable, Net

Accounts Receivable, Net	12 Months Ended
	Dec. 31, 2024
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Accounts Receivable, Net	Accounts Receivable, Net Accounts receivable consists of the following: December 31, 2024 2023 (In millions) Casino $ 462 $ 483 Rooms 28 33 Mall 63 126 Other 50 43 603 685 Less — provision for credit losses (186) (201) $ 417 $ 484 The following table shows the movement in the provision for credit losses recognized for accounts receivable that occurred during the period: 2024 2023 (In millions) Balance at January 1 $ 201 $ 217 Current period provision for credit losses 19 4 Write-offs (31) (21) Recoveries of receivables previously written-off 1 — Exchange rate impact (4) 1 Balance at December 31 $ 186 $ 201

Property and Equipment, Net

Property and Equipment, Net	12 Months Ended
	Dec. 31, 2024
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Property and Equipment, Net Property and equipment consists of the following: December 31, 2024 2023 (In millions) Land and improvements $ 756 $ 593 Building and improvements 16,411 16,211 Furniture, fixtures, equipment and leasehold improvements 5,556 4,847 Transportation 476 504 Construction in progress 629 491 23,828 22,646 Less — accumulated depreciation and amortization (11,835) (11,207) $ 11,993 $ 11,439 During the year ended December 31, 2024, the Company recognized a loss on disposal or impairment of assets of $50 million, including $32 million in Macao primarily related to $28 million in demolition and asset disposal costs driven by The Londoner Macao and The Venetian Macao, $9 million in Singapore primarily related to demolition costs and $9 million at corporate primarily due to the sale of an aircraft. The $27 million loss on disposal or impairment of assets for the year ended December 31, 2023, included $14 million in Singapore primarily related to demolition costs and $12 million in Macao primarily related to $8 million in asset disposals at The Parisian Macao, and $4 million related to demolition costs at The Londoner Macao and The Plaza Macao and Four Seasons Macao. The $9 million loss on disposal or impairment of assets for the year ended December 31, 2022, primarily related to $4 million in asset disposals related to aircraft parts and $3 million in asset disposals and demolition costs at The Londoner Macao, The Venetian Macao, Sands Macao and our corporate offices.

Leasehold Interests in Land, Ne

Leasehold Interests in Land, Net	12 Months Ended
	Dec. 31, 2024
Leasehold Interests In Land, Net [Abstract]
Leasehold Interests in Land, Net	Leasehold Interests in Land, Net Leasehold interests in land consist of the following: December 31, 2024 2023 (In millions) Marina Bay Sands $ 1,969 $ 2,028 The Londoner Macao 290 290 The Venetian Macao 236 235 The Plaza Macao and Four Seasons Macao 106 105 The Parisian Macao 88 88 Sands Macao 36 35 Nassau Coliseum — 154 2,725 2,935 Less — accumulated amortization (723) (686) $ 2,002 $ 2,249 The Company amortizes the leasehold interests in land on a straight-line basis over the expected term of the lease, which includes automatic extensions in Macao as discussed further below. Amortization expense of $60 million, $58 million and $55 million was included in "Amortization of leasehold interests in land" in the accompanying consolidated statements of operations for the years ended December 31, 2024, 2023 and 2022, respectively. The estimated future amortization expense over the expected terms of the Company's leasehold interests in land is approximately $55 million for each of the five years in the period ending December 31, 2029 and $1.87 billion thereafter at exchange rates in effect on December 31, 2024. Land concessions in Macao generally have an initial term of 25 years with automatic extensions of 10 years thereafter in accordance with Macao law. The Company anticipates a useful life of 50 years related to the land concessions in Macao. The Company has received land concessions from the Macao government to build on the sites on which Sands Macao, The Venetian Macao, The Plaza Macao and Four Seasons Macao, The Londoner Macao and The Parisian Macao are located. The Company does not own these land sites in Macao; however, the land concessions grant the Company exclusive use of the land. As specified in the land concessions, the Company is required to pay premiums for each parcel, as well as make annual rent payments in the amounts and at the times specified in the land concessions. The rent amounts may be revised every five years by the Macao government. Land concessions in Singapore have an initial term of 60 years. The Company has received land concessions from the STB to build on the sites on which Marina Bay Sands and the future MBS Expansion Project are located. The Company does not own these land sites in Singapore; however, the land concessions grant the Company exclusive use of the land. As specified in the land concessions, the Company was required to prepay the premiums for each parcel. On January 8, 2025, MBS entered into the Second Supplemental Agreement whereby MBS committed to assume liability for the cost of the land premium associated with the Additional Gaming Area purchase as well as other adjustments to the land premiums resulting from the consequential changes to the allocations of gross floor area for the MBS Expansion Project since the first payment made in 2019. The additional payment due to the Singapore government related to the Additional Gaming Area and changes to the MBS Expansion Project gross floor area allocation is estimated to be approximately $1.0 billion, $850 million of which the Company expects will be due during the second quarter of 2025, with the remainder due in 2026. In connection with the acquisition of the Nassau Coliseum, the Company entered into a land lease, which was accounted for as an operating lease as of December 31, 2023. In August 2024, the Company entered into a new lease for the land, which was accounted for as a modification and classified as a finance lease. The related right-of-use asset was recorded to "Property and equipment, net" in the accompanying consolidated balance sheets consistent with the Company's other finance leases. The amortization of the land lease has been included in "Amortization of leasehold interests in land" in the accompanying consolidated statements of operations for the years ended December 31, 2024 and 2023. Refer to “Note 16 — Leases” for additional details.

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Net	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets, Net	Goodwill and Intangible Assets, Net Goodwill and intangible assets consist of the following: December 31, 2024 2023 (In millions) Amortizable intangible assets: Macao concession $ 500 $ 497 Marina Bay Sands gaming license 52 54 552 551 Less — accumulated amortization (147) (81) 405 470 Technology, software and other 38 25 Total amortizable intangible assets, net 443 495 Goodwill 102 103 Total goodwill and intangible assets, net $ 545 $ 598 Amortization expense for all intangible assets was $68 million, $67 million and $17 million for the years ended December 31, 2024, 2023 and 2022, respectively. The estimated future amortization expense for all intangible assets is approximately $56 million, $50 million, $50 million, $50 million and $50 million for the years ending December 31, 2025, 2026, 2027, 2028 and 2029, respectively, and $149 million thereafter. Macao Concession On December 16, 2022, the Macao government announced the award of six definitive gaming concessions, one of which was awarded to VML, and on January 1, 2023, VML entered into the 10-year Concession with the Macao government. Under the terms of the Concession, VML is required to pay the Macao government an annual gaming premium consisting of a fixed portion and a variable portion. The fixed portion of the premium is 30 million patacas (approximately $4 million at exchange rates in effect on December 31, 2024). The variable portion is 300,000 patacas per gaming table reserved exclusively for certain types of games or players, 150,000 patacas per gaming table not so reserved (the mass rate) and 1,000 patacas per electrical or mechanical gaming machine, including slot machines (approximately $37,503, $18,751 and $125, respectively, at exchange rates in effect on December 31, 2024). On December 30, 2022, VML and certain other subsidiaries of the Company, confirmed and agreed to revert certain gaming equipment and gaming areas to the Macao government without compensation and free of any liens or charges in accordance with, and upon the expiry of, VML’s subconcession. On the same day, VML and the Macao government entered into a handover record (the “Handover Record”) granting VML the right to operate the reverted gaming equipment and gaming areas for the duration of the Concession in consideration for the payment of an annual fee. The annual fee is calculated based on a price per square meter of reverted gaming area, being 750 patacas per square meter in the first three years and 2,500 patacas per square meter in the subsequent seven years (approximately $94 and $313, respectively, at exchange rates in effect on December 31, 2024). The price per square meter used to determine the annual fee will be adjusted annually based on Macao’s average price index of the corresponding preceding year. VML paid $13 million for each of the years ended December 31, 2024 and 2023. The annual fee is estimated to be $13 million for the next year, $42 million for each of the following four years and $127 million thereafter, subject to the aforementioned index adjustment. On January 1, 2023, the Company recognized an intangible asset and financial liability of 4.0 billion patacas (approximately $500 million at exchange rates in effect on December 31, 2024), representing the right to operate the gaming equipment and the gaming areas, the right to conduct games of chance in Macao and the unconditional obligation to make payments under the Concession. This intangible asset comprises the contractually obligated annual payments of fixed and variable premiums, as well as fees associated with the above-described Handover Record. The contractually obligated annual variable premium payments associated with the intangible asset was determined using the maximum number of table games at the mass rate and the maximum number of gaming machines that VML is currently allowed to operate by the Macao government. In the accompanying consolidated balance sheets, the noncurrent portion of the financial liability is included in “Other long-term liabilities” and the current portion is included in “Other accrued liabilities.” The intangible asset is being amortized on a straight-line basis over the period of the Concession, being ten years. Marina Bay Sands Gaming License In April 2022, the Company paid 72 million Singapore dollars ("SGD", approximately $53 million at exchange rates in effect at the time of the transaction) to the Singapore Gambling Regulatory Authority (the “GRA”) as part of the process to renew its gaming license at Marina Bay Sands. This license is being amortized over its term of three years, which expires in April 2025, and is renewable upon submitting an application, paying the applicable license fee and meeting the requirements as determined by the GRA. The Company has filed a renewal application and believes it meets the renewal requirements as determined by the GRA; however, no assurance can be given the license renewal will be granted or for what period of time it will be granted. Nassau Coliseum On June 2, 2023, the Company closed on its acquisition of the Nassau Coliseum, an entertainment arena in the State of New York. The Company paid an aggregate amount of $241 million, consisting of $221 million upon closing and a $20 million deposit made in 2022. The purchase of the Nassau Coliseum, which continues to operate following the closing of the sale, primarily included the fixed assets related to the arena and the right to lease the underlying land from the owner, the County of Nassau in the State of New York. This transaction resulted in the recognition of $92 million of goodwill. The Company purchased the Nassau Coliseum with the intent to obtain a casino license from the State of New York to develop and operate an Integrated Resort. There is no assurance the Company will be able to obtain such a casino license.

Other Accrued Liabilities

Other Accrued Liabilities	12 Months Ended
	Dec. 31, 2024
Payables and Accruals [Abstract]
Other Accrued Liabilities	Other Accrued Liabilities Other accrued liabilities consist of the following: December 31, 2024 2023 (In millions) Customer deposits $ 608 $ 543 Payroll and related 382 370 Taxes and licenses 316 389 Accrued interest payable 193 184 Outstanding chip liability 112 135 Other accruals 374 327 $ 1,985 $ 1,948

Derivative Instruments

Derivative Instruments	12 Months Ended
	Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments During the year ended December 31, 2021, the Company entered into a foreign currency swap agreement, which was designated as a hedge of the cash flows related to a portion of the $1.80 billion 5.125% Senior Notes. During the year ended December 31, 2024, the Company entered into additional foreign currency swap agreements, which were designated as hedges of the cash flows related to portions of the remaining SCL Senior Notes (together with the foreign currency swap agreement entered into in December 2021, the “FX Swaps”). The FX Swaps have a total notional value of $5.01 billion and expire in line with the maturity dates of the underlying SCL Senior Notes. The objective of these agreements is to manage the risk of changes in cash flows resulting from foreign currency gains/losses realized upon remeasurement of U.S. dollar denominated SCL Senior Notes by swapping a specified amount of Hong Kong dollars for U.S. dollars at the contractual spot rate.

Debt

Debt	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Debt	Debt Debt consists of the following: December 31, 2024 2023 (In millions except face amounts) Corporate and U.S. Related (1) : LVSC Senior Notes $1.75 billion 3.200% Senior Notes due August 2024 (net of unamortized original issue discount and deferred financing costs of $2) $ — $ 1,748 $500 million 2.900% Senior Notes due June 2025 (net of unamortized original issue discount and deferred financing costs of nil and $1, respectively) 500 499 $1.0 billion 3.500% Senior Notes due August 2026 (net of unamortized original issue discount and deferred financing costs of $3 and $5, respectively) 997 995 $750 million 5.900% Senior Notes due June 2027 (net of unamortized original issue discount and deferred financing costs of $5) 745 — $500 million 6.000% Senior Notes due August 2029 (net of unamortized original issue discount and deferred financing costs of $5) 495 — $750 million 3.900% Senior Notes due August 2029 (net of unamortized original issue discount and deferred financing costs of $5 and $6, respectively) 745 744 $500 million 6.200% Senior Notes due August 2034 (net of unamortized original issue discount and deferred financing costs of $5) 495 — Other (2) 115 — Macao Related (1) : SCL Senior Notes $1.80 billion 5.125% Senior Notes due August 2025 (net of unamortized original issue discount and deferred financing costs of $1 and $4, respectively) 1,624 1,796 $800 million 3.800% Senior Notes due January 2026 (net of unamortized original issue discount and deferred financing costs of $2 and $4, respectively) 798 796 $700 million 2.300% Senior Notes due March 2027 (net of unamortized original issue discount and deferred financing cost of $3 and $5, respectively) 697 695 $1.90 billion 5.400% Senior Notes due August 2028 (net of unamortized original issue discount and deferred financing costs of $9 and $11, respectively) 1,891 1,889 $650 million 2.850% Senior Notes due March 2029 (net of unamortized original issue discount and deferred financing cost of $5) 645 645 $700 million 4.375% Senior Notes due June 2030 (net of unamortized original issue discount and deferred financing costs of $6 and $7, respectively) 694 693 $600 million 3.250% Senior Notes due August 2031 (net of unamortized original issue discount and deferred financing cost of $4 and $5, respectively) 596 595 Other (2) 12 19 Singapore Related (1) : 2012 Singapore Term Facility (net of unamortized deferred financing costs of $12 and $24, respectively) 2,656 2,867 Singapore Delayed Draw Term Facility 46 47 Other (2) 1 1 13,752 14,029 Less — current maturities (3,160) (1,900) Total debt $ 10,592 $ 12,129 ____________________ (1) Unamortized deferred financing costs of $76 million and $59 million as of December 31, 2024 and 2023, respectively, related to the Company's revolving credit facilities and the undrawn portion of the Singapore Delayed Draw Term Facility are included in “Other assets, net” and “Prepaid expenses and other” in the accompanying consolidated balance sheets. (2) Includes finance leases related to the U.S., Macao and Singapore of $115 million, $12 million and $1 million as of December 31, 2024, respectively, and related to Macao of $18 million as of December 31, 2023. Corporate and U.S. Related Debt LVSC Senior Notes The LVSC Senior Notes are senior unsecured obligations of LVSC. Each series of LVSC Senior Notes rank equally in right of payment with all of LVSC’s other unsecured and unsubordinated obligations, if any. None of LVSC’s subsidiaries guarantee the LVSC Senior Notes. The LVSC Senior Notes were issued pursuant to an indenture, dated July 31, 2019, as amended with respect to each of the series of the LVSC Senior Notes (the “Indenture”), between LVSC and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association), as trustee. The Indenture contains covenants, subject to customary exceptions and qualifications, that limit the ability of LVSC and its subsidiaries to, among other things, incur liens, enter into sale and leaseback transactions and consolidate, merge, sell or otherwise dispose of all or substantially all of the Company’s assets on a consolidated basis. The Indenture also provides for customary events of default. On May 16, 2024, LVSC issued, in an underwritten public offering, three series of senior unsecured notes in an aggregate principal amount of $1.75 billion, consisting of $750 million of 5.900% Senior Notes due June 1, 2027, $500 million of 6.000% Senior Notes due August 15, 2029, and $500 million of 6.200% Senior Notes due August 15, 2034. The net proceeds from the offering and cash on hand were used to redeem in full the outstanding principal amount of the $1.75 billion 3.200% Senior Notes and any accrued interest. As a result, the Company recorded a $1 million loss on early retirement of debt during the year ended December 31, 2024. There are no interim principal payments on the LVSC Senior Notes and interest is payable semi-annually in arrears on each February 8 and August 8 with respect to the $750 million 3.900% Senior Notes, on each February 18 and August 18 with respect to the $1.0 billion 3.500% Senior Notes, and on each June 25 and December 25 with respect to the $500 million 2.900% Senior Notes. Interest is payable semi-annually in arrears on December 1 and June 1, commencing on December 1, 2024, with respect to the $750 million 5.900% Senior Notes and on February 15 and August 15, commencing on February 15, 2025, with respect to the $500 million 6.000% Senior Notes and the $500 million 6.200% Senior Notes. The weighted average interest rate for the LVSC Senior Notes was 4.1%, 3.4% and 3.4% for the years ended December 31, 2024, 2023 and 2022, respectively. LVSC Revolving Facility On August 9, 2019, LVSC entered into a revolving credit agreement with the arrangers and lenders named therein and The Bank of Nova Scotia, as administrative agent for the lenders (the “LVSC Revolving Credit Agreement”), as amended, pursuant to which the lenders provided unsecured, revolving credit commitments to LVSC in an aggregate principal amount of $1.50 billion (the “LVSC Revolving Facility”), which was available until August 9, 2024, and included a $150 million sub-facility for letters of credit. On April 3, 2024, LVSC entered into a new revolving credit agreement, as further described below, and upon entering into the new agreement, the LVSC Revolving Credit Agreement was terminated. 2024 LVSC Revolving Facility On April 3, 2024, LVSC entered into a revolving credit agreement with the arrangers and lenders named therein and The Bank of Nova Scotia, as administrative agent for the lenders (the “2024 LVSC Revolving Credit Agreement”), pursuant to which the lenders provided unsecured, revolving credit commitments to LVSC in an aggregate principal amount of $1.50 billion (the “2024 LVSC Revolving Facility”), which are available until April 3, 2029, and include a $150 million sub-facility for letters of credit. LVSC may utilize the proceeds of the loans for general corporate purposes and working capital requirements of LVSC and its subsidiaries and any other purpose not prohibited by the 2024 LVSC Revolving Credit Agreement. The loans made under the 2024 LVSC Revolving Credit Agreement will bear interest at either, at LVSC’s option, (x) an adjusted Secured Overnight Financing Rate (“SOFR”), plus an applicable margin ranging from 1.125% to 1.550% per annum, or (y) at an alternate base rate, plus an applicable margin ranging from 0.125% to 0.550% per annum, in each case, depending on LVSC’s corporate family credit rating. Under the 2024 LVSC Revolving Credit Agreement, LVSC must pay a commitment fee quarterly in arrears on the undrawn portion of the revolving commitments, which commitment fee ranges from 0.125% to 0.250% per annum, depending on LVSC’s corporate family credit rating. The 2024 LVSC Revolving Credit Agreement contains customary affirmative and negative covenants, in each case, subject to customary exceptions and thresholds, including a financial covenant limiting LVSC and its Restricted Subsidiaries (as defined in the agreement) to a maximum consolidated net leverage ratio of 4.00x as of the last day of each fiscal quarter. The negative covenants include, among other things, limitations on (i) the incurrence of liens on the assets of LVSC and its Restricted Subsidiaries, (ii) the incurrence of indebtedness by the Restricted Subsidiaries, (iii) the merger, consolidation or liquidation of LVSC or the sale of all or substantially all of LVSC’s assets and (iv) investments in subsidiaries of LVSC that are not Restricted Subsidiaries. The 2024 LVSC Revolving Credit Agreement also contains customary events of default, including payment defaults, cross defaults to material debt, bankruptcy and insolvency, breaches of covenants and inaccuracy of representations and warranties, in each case subject to customary grace periods. In the case of a continuing event of default, the majority of lenders would be entitled to exercise various remedies, including the termination of any unused commitments and acceleration of any then-outstanding amounts due under the 2024 LVSC Revolving Credit Agreement. As of December 31, 2024, the Company had $1.50 billion of available borrowing capacity under the 2024 LVSC Revolving Facility, net of outstanding letters of credit. Macao Related Debt SCL Senior Notes The SCL Senior Notes are senior unsecured obligations of SCL. Each series of notes rank equally in right of payment with all of SCL’s existing and future senior unsecured debt and will rank senior in right of payment to all of SCL’s future subordinated debt, if any. The notes will be effectively subordinated in right of payment to all of SCL’s future secured debt (to the extent of the value of the collateral securing such debt) and will be structurally subordinated to all of the liabilities of SCL’s subsidiaries. None of SCL’s subsidiaries guarantee the notes. The SCL Senior Notes were issued pursuant to indentures between SCL and U.S. Bank National Association, as trustee. Upon the occurrence of certain events described in these indentures, the interest rate on the SCL Senior Notes may be adjusted. The indentures contain covenants, subject to customary exceptions and qualifications, that limit the ability of SCL and its subsidiaries to, among other things, incur liens, enter into sale and leaseback transactions and consolidate, merge, sell or otherwise dispose of all or substantially all of SCL’s assets on a consolidated basis. The indentures also provide for customary events of default. There are no interim principal payments on the SCL Senior Notes. Interest is payable semi-annually in arrears on each February 8 and August 8, with respect to the $1.80 billion 5.125% Senior Notes, the $1.90 billion 5.400% Senior Notes and the $600 million 3.250% Senior Notes. Interest is payable semi-annually in arrears on each January 8 and July 8, with respect to the $800 million 3.800% Senior Notes, and on June 18 and December 18, with respect to the $700 million 4.375% Senior Notes. Interest is payable semi-annually in arrears on each March 8 and September 8, with respect to the $700 million 2.300% Senior Notes and the $650 million 2.850% Senior Notes. On February 16 and June 16, 2022, Standard & Poor’s (“S&P”) and Fitch, respectively, downgraded the credit rating for the Company and SCL to BB+. As a result of the downgrades, the coupon on each series of the outstanding SCL Senior Notes increased by 0.50% per annum, with a 0.25% per annum increase becoming effective on the first interest payment date after February 16, 2022 as it relates to the S&P downgrade and an additional 0.25% increase per annum after June 16, 2022 as it relates to the Fitch downgrade. The downgrade resulted in an increase of $30 million and $16 million in interest expense for the years ended December 31, 2023 and 2022, respectively. On July 26, 2023, S&P upgraded the credit rating for the Company and SCL to BBB-. On February 1, 2024, Fitch also upgraded the credit rating for the Company and SCL to BBB-. As a result of the upgrades, the coupon on each series of the outstanding SCL Senior Notes decreased by 0.25% per annum effective on the first interest payment date after July 26, 2023 as it relates to the S&P upgrade and 0.25% per annum effective on the first interest payment date after February 1, 2024, as it relates to the Fitch upgrade. During the year ended December 31, 2024, SCL repurchased $175 million of the outstanding principal amount of the $1.80 billion 5.125% Senior Notes, resulting in a gain on early retirement of debt of approximately $1 million, and a remaining aggregate principal amount of $1.63 billion. The weighted average interest rate for the SCL Senior Notes was 4.4%, 4.8% and 4.6% for the years ended December 31, 2024, 2023 and 2022, respectively. 2018 SCL Credit Facility On November 20, 2018, SCL entered into a facility agreement with the arrangers and lenders named therein and Bank of China Limited, Macau Branch, as agent for the lenders (the “2018 SCL Credit Facility”), pursuant to which the lenders made available a $2.0 billion revolving unsecured credit facility to SCL (the “2018 SCL Revolving Facility”). SCL could draw loans under the facility, which would have consisted of general revolving loans (consisting of a United States dollar component and a Hong Kong dollar ("HKD") component) or loans drawn under a swing-line loan sub-facility (denominated in either United States dollars or HKDs). The facility, as amended, was available until July 31, 2025 and had increased the HKD commitments to HKD 17.63 billion (approximately $2.27 billion at exchange rates in effect on October 23, 2024) and U.S. dollar commitments to $237 million. The weighted average interest rate for the 2018 SCL Credit Facility was 6.3% and 4.3% for the years ended December 31, 2023 and 2022, respectively. On October 23, 2024, SCL entered into a new credit facility, as further described below, and upon entering into the new agreement, the 2018 SCL Credit Facility was terminated. 2024 SCL Credit Facility On October 23, 2024, SCL entered into a new facility agreement (the “2024 SCL Credit Facility”) with the arrangers and lenders named therein and Bank of China Limited, Macau Branch, as agent for the lenders. The 2024 SCL Credit Facility provides for a 19.50 billion HKD (approximately $2.51 billion at exchange rates in effect on December 31, 2024) unsecured revolving credit facility (the “2024 SCL Revolving Facility”). SCL may draw revolving loans under the 2024 SCL Revolving Facility from time to time until September 24, 2029 (or if that day is not a business day in Hong Kong or Macao, the next business day), for general corporate and working capital requirements of SCL and its subsidiaries, subject to certain restrictions set forth in the 2024 SCL Credit Facility. The final maturity date of all loans drawn under the 2024 SCL Revolving Facility is October 23, 2029. The 2024 SCL Credit Facility also makes available an HKD 12.95 billion (approximately $1.67 billion at e xchange rates in effect on December 31, 2024) unsecured term loan facility (the “2024 SCL Term Loan Facility”). SCL may make a drawdown under the 2024 SCL Term Loan Facility at any time until August 31, 2025, for the purpose of repaying amounts outstanding under its unsecured $1.80 billion 5.125% Senior Notes. The final maturity date of such loan drawn under the 2024 SCL Term Loan Facility is the date falling on the fifth anniversary of the date on which such loan is drawn. Loans under the 2024 SCL Credit Facility will bear interest calculated by reference to the Hong Kong interbank offered rate plus a mar gin that is, in the case of the 2024 SCL Revolving Facility, determined by reference to the consolidated leverage ratio as defined therein. The initial margin for revolving loans drawn under the 2024 SCL Revolving Facility is 2.50% per annum. The margin for the term loan drawn under the 2024 SCL Term Loan Facility is 1.65% per annum. SCL is also required to pay a commitment fee of 0.60% per annum on the undrawn amounts under the 2024 SCL Credit Facility and other customary fees. The 2024 SCL Credit Facility contains affirmative and negative covenants customary for similar unsecured financings, including, but not limited to, limitations on indebtedness secured by liens on principal properties, sale and leaseback transactions, dividend restrictions and restrictions on the repayment of the LVS term loan unless after such payments, SCL’s cash balance is not less than $250 million. The 2024 SCL Credit Facility also requires SCL to maintain a maximum ratio of total indebtedness to adjusted EBITDA of 4.00x throughout the life of the facility and a minimum ratio of adjusted EBITDA to net interest expense (including capitalized interest) of 2.50x throughout the life of the facility. The 2024 SCL Credit Facility also contains certain events of default (some of which are subject to grace and remedy periods and materiality qualifiers), including, but not limited to, events relating to the gaming operations of SCL and its subsidiaries and the loss or termination of certain land concession contracts. As of December 31, 2024, the Company had HKD 32.45 billion (approximately $4.18 billion at exchange rates in effect on December 31, 2024) of available borrowing capacity under the 2024 SCL Credit Facility, comprised of commitments of HKD 19.50 billion (approximately $2.51 billion at exchange rates in effect on December 31, 2024) under the 2024 SCL Revolving Facility and HKD 12.95 billion (approximately $1.67 billion at exchange rates in effect on December 31, 2024) under the 2024 SCL Term Loan Facility. Singapore Related Debt 2012 Singapore Credit Facility In June 2012, MBS entered into a credit agreement (the “2012 Singapore Credit Facility”), providing for a fully funded term loan (the “2012 Singapore Term Facility”) and a revolving facility (the “2012 Singapore Revolving Facility”), which included an ancillary facility (the “2012 Singapore Ancillary Facility”). During March 2018, MBS amended its 2012 Singapore Credit Facility, which refinanced the facility in an aggregate amount of SGD 4.80 billion (approximately $3.53 billion at exchange rates in effect on December 31, 2024). On August 30, 2019, MBS amended and restated its 2012 Singapore Credit Facility (the “Amendment and Restatement Agreement”). The Amendment and Restatement Agreement extended (a) the maturity date of the term loans under the 2012 Singapore Term Facility to August 31, 2026, and (b) the termination date of the revolving credit commitments under the 2012 Singapore Revolving Facility to February 27, 2026, and also increased the principal amount of revolving credit commitments by an additional SGD 250 million (approximately $184 million at exchange rates in effect on December 31, 2024) for a total aggregate principal amount of SGD 750 million (approximately $551 million at exchange rates in effect on December 31, 2024). Under the Amendment and Restatement Agreement, certain lenders committed to provide a new delayed draw term loan facility (the “Singapore Delayed D raw Term Facility”) in an aggregate principal amount of SGD 3.75 billion (approximately $2.76 billion at exchange rates in effect on December 31, 2024), which was available to MBS until December 30, 2024, to finance costs associated with the MBS Expansion Project. The loans borrowed under the Singapore Delayed Draw Term Facility will mature on August 31, 2026. The indebtedness under the 2012 Singapore Credit Facility is collateralized by a first-priority security interest in substantially all of MBS's assets, other than capital stock and similar ownership interests, certain furniture, fixtures and equipment and certain other excluded assets. The term loans under the 2012 Singapore Term Facility are subject to interim quarterly amortization payments, beginning with the fiscal quarter ended December 31, 2019, in an amount equal to (i) until and including the fiscal quarter ending September 30, 2024, 0.5% of the pri ncipal amount outstanding on June 30, 2019 (the “Term Facility Restatement Date”), (ii) for the fiscal quarter ending December 31, 2024, 3.0% of the principal amount outstanding on the Term Facility Restatement Date, (iii) for the fiscal quarters ending March 31, 2025 through September 30, 2025, 5.0% of the principal amount outstanding on the Term Facility Restatement Date, and (iv) for the fiscal quarters ending December 31, 2025 through June 30, 2026, 18.0% of the principal amount outstanding on the Term Facility Restatement Date. On the maturity date of August 31, 2026, MBS is required to repay all remaining amounts outstanding on the 2012 Singapore Term Facility. Loans under the Singapore Delayed Draw Term Facility are subject to interim quarterly amortization payments, beginning with the fiscal quarter ending March 31, 2025, in an amount equal to (i) until and including the fiscal quarter ending September 30, 2025, 5.0% of the principal amount outstanding on December 30, 2024 (the “Delayed Draw Term Facility Restatement Date”), and (ii) for each fiscal quarter from December 31, 2025, until and including June 30, 2026, 18.0% of the principal amount outstanding on the Delayed Draw Term Facility Restatement Date. On the maturity date of August 31, 2026, MBS is required to repay all remaining amounts outstanding on the Singapore Delayed Draw Term Facility. Under the Amendment and Restatement Agreement, MBS must comply with a maximum consolidated leverage ratio of 4.50x on the last day of each fiscal quarter from August 30, 2019, until twelve months following the date on which a temporary occupation permit is issued with respect to the MBS Expansion Project. Thereafter, MBS must comply with a maximum consolidated leverage ratio of 4.00x as of the last day of each fiscal quarter through maturity. On February 9, 2022, MBS entered into an additional amendment (the “Additional Amendment Agreement”) with DBS Bank Ltd., as agent and security trustee. Under the Additional Amendment Agreement, outstanding loans bear interest at the Singapore Overnight Rate Average (“SORA”) with a credit spread adjustment of 0.19% per annum, plus an applicable margin ranging from 1.15% to 1.85% per annum, based on MBS’s consolidated leverage ratio (estimated interest rate set at approximately 4.43% as of December 31, 2024). MBS pays a standby commitment fee of 35% to 40% of the spread per annum on all undrawn amounts under the 2012 Singapore Revolving Facility. The weighted average interest rate for the 2012 Singapore Credit Facility was 4.9%, 5.3% and 3.5% for the years ended December 31, 2024, 2023 and 2022, respectively. As of December 31, 2024, MBS had SGD 588 million (approximately $433 million at exchange rates in effect on December 31, 2024) of available borrowing capacity under the 2012 Singapore Revolving Facility, net of outstanding letters of credit, primarily consisting of a banker’s guarantee in connection with the MBS Expansion Project for SGD 153 million (approximately $113 million at exchange rates in effect on December 31, 2024). Debt Covenant Compliance As of December 31, 2024, management believes the Company was in compliance with all debt covenants. Cash Flows from Financing Activities Cash flows from financing activities related to debt and finance lease obligations are as follows: Year Ended December 31, 2024 2023 2022 (In millions) Proceeds from LVSC Senior Notes $ 1,748 $ — $ — Proceeds from 2018 SCL Credit Facility — — 1,200 $ 1,748 $ — $ 1,200 Repayment on LVSC Senior Notes $ (1,750) $ — $ — Repurchase of SCL Senior Notes (174) — — Repayments on 2018 SCL Credit Facility — (1,948) — Repayments on 2012 Singapore Credit Facility (139) (62) (60) Repayments on Other Debt (11) (59) (6) $ (2,074) $ (2,069) $ (66) Scheduled Maturities of Debt Maturities of debt outstanding (excluding finance leases) as of December 31, 2024, are summarized as follows: Debt (In millions) 2025 $ 3,152 2026 3,487 2027 1,450 2028 1,900 2029 1,900 Thereafter 1,800 Total $ 13,689

Equity

Equity	12 Months Ended
	Dec. 31, 2024
Equity [Abstract]
Equity	Equity Preferred Stock The Company is authorized to issue up to 50,000,000 shares of preferred stock. The Company's Board of Directors is authorized, subject to limitations prescribed by Nevada law and the Company's articles of incorporation, to determine the terms and conditions of the preferred stock, including whether the shares of preferred stock will be issued in one or more series, the number of shares to be included in each series and the powers, designations, preferences and rights of the shares. The Company's Board of Directors also is authorized to designate any qualifications, limitations or restrictions on the shares without any further vote or action by the stockholders. Common Stock Dividends In April 2020, the Company suspended the quarterly dividend program due to the impact of the COVID-19 pandemic and in August 2023, the dividend program was reinstated. On February 14, May 15, August 14 and November 13, 2024, the Company paid a dividend of $0.20 per common share as part of a regular cash dividend program. During the year ended December 31, 2024, the Company recorded $591 million as a distribution against retained earnings. On August 16 and November 15, 2023, the Company paid a dividend of $0.20 per common share as part of a regular cash dividend program. During the year ended December 31, 2023, the Company recorded $305 million as a distribution against retained earnings. In January 2025, the Company's Board of Directors declared a quarterly dividend of $0.25 per common share (a total estimated to be approximately $179 million) to be paid on February 19, 2025, to stockholders of record on February 10, 2025. Share Repurchases In November 2016, the Company's Board of Directors authorized the repurchase of $1.56 billion of its outstanding common stock, which was to expire on November 2, 2018. In June 2018, the Company's Board of Directors authorized increasing the remaining repurchase amount of $1.11 billion to $2.50 billion of its outstanding common stock, which was to expire in November 2020. In October 2020, the Company's Board of Directors authorized the extension of the expiration date of the remaining repurchase amount of $916 million to November 2022, and in October 2022, the Company’s Board of Directors authorized the further extension of the expiration date of the remaining repurchase amount of $916 million to November 2024. On October 16, 2023, the Company’s Board of Directors authorized increasing the remaining share repurchase amount of $916 million to $2.0 billion and extending the expiration date from November 2024 to November 3, 2025. On October 22, 2024, the Company’s Board of Directors authorized increasing the remaining share repurchase amount from $195 million to $2.0 billion and extending the share repurchase program’s expiration date to November 3, 2026. During the years ended December 31, 2024 and 2023, the Company repurchased 37,552,614 shares of its common stock for $1.77 billion (including $1 million in commissions and $17 million in excise tax) and 11,121,497 shares of its common stock for $510 million (including commissions and $5 million in excise tax) under the Company's current program, respectively. During the year ended December 31, 2022, no shares of its common stock were repurchased. Included in the 11,121,497 shares for 2023 mentioned above, 5,783,021 shares were purchased pursuant to an underwriting agreement with Dr. Miriam Adelson and the Miriam Adelson Trust and several underwriters, in which the Company repurchased the shares from the underwriters at a price per share equal to the public offering price, less underwriting discounts and commissions. Refer to “Note 19 — Related Party Transactions.” As part of the current share repurchase program, the Company can utilize capped call transactions as a method to repurchase shares. These capped call transactions can result in either the receipt of shares or the return of the initial cash investment plus a cash premium, dependent on the Company’s share price relative to the cap price on the expiration date. The capped call option contracts are not considered derivative instruments as the contracts are indexed to the Company’s common stock and are therefore classified within stockholders’ equity. Upon execution of the contract, the amount of cash paid up front is recorded as a reduction to capital in excess of par value. Upon settlement, shares acquired through the exercise of the call options are included in treasury stock, or the return of the initial cash investment plus any cash premiums earned are recorded as an increase to capital in excess of par value. On September 5, 2024, the Company entered into a capped call option contract (the “September Capped Call”), pursuant to which the Company purchased capped call options on 1,336,210 shares of the Company’s common stock with a $0 strike price and a cap price of $39.02. The September Capped Call expired on October 31, 2024, and resulted in the return of the initial cash investment plus a cash premium. On December 11, 2024, the Company entered into a new capped call option contract (the “December Capped Call”) pursuant to which the Company purchased capped call options on 993,240 shares of the Company’s common stock with a $0 strike price and a cap price of $53.54. The December Capped Call expires on February 7, 2025. As of December 31, 2024, the $51 million payment to purchase the December Capped Call is included as a reduction to capital in excess of par value in the accompanying consolidated statement of equity. All share repurchases of the Company's common stock have been recorded as treasury stock in the accompanying consolidated balance sheets. Repurchases of the Company's common stock are made at the Company's discretion in accordance with applicable federal securities laws in the open market or otherwise. The timing, method and actual number of shares to be repurchased in the future will depend on a variety of factors, including the Company's financial position, earnings, legal requirements, other investment opportunities and market conditions. Rollforward of Shares of Common Stock A summary of the outstanding shares of common stock is as follows: Balance as of January 1, 2022 763,989,752 Issuance of restricted stock 46,448 Vesting of restricted stock units 211,083 Balance as of December 31, 2022 764,247,283 Exercise of stock options 77,856 Issuance of restricted stock 17,166 Vesting of restricted stock units 233,654 Forfeiture of restricted stock (5,806) Repurchase of common stock (11,121,497) Balance as of December 31, 2023 753,448,656 Exercise of stock options 20,000 Issuance of restricted stock 4,019 Vesting of restricted stock units 379,840 Repurchase of common stock (37,552,614) Balance as of December 31, 2024 716,299,901
Noncontrolling Interest in SCL	Noncontrolling Interests in SCL Dividends Subsequent to the February 21, 2020 dividend payment, SCL suspended its dividend payments as a result of the COVID-19 pandemic. SCL will assess the resumption of the dividend program at a time deemed appropriate after taking into account all facts and circumstances. Purchases of Noncontrolling Interest On December 5, 2023, the Company’s wholly owned subsidiary, Venetian Venture Development II (“VVDI II”), entered into a Master Confirmation (the “2023 Master Confirmation”) and Supplemental Confirmation (collectively, the “December 2023 Forward Purchase Agreement”) with a financial institution (the “Dealer”) relating to the purchase of the common stock of SCL (the “December 2023 Forward Purchase Transaction”). Pursuant to the terms of the December 2023 Forward Purchase Agreement, VVDI II made an up-front payment of HKD 1.95 billion (approximately $250 million at exchange rates as of the date of the transaction) to the Dealer on December 6, 2023 (the “Maximum Notional Amount”), and the Dealer agreed to deliver to VVDI II shares of SCL’s common stock in an amount up to the Maximum Notional Amount upon completion. The Maximum Notional Amount was subject to reduction to the extent the share price of SCL’s common stock exceeded a cap amount set forth in the December 2023 Forward Purchase Agreement (the “Cap Amount”). The December 2023 Forward Purchase Agreement contained provisions, whereby any unused portion of the Maximum Notional Amount by the Dealer be returned to VVDI II in the form of cash or be used to purchase additional shares of SCL’s common stock in open market transactions, at VVDI II's election. On April 16, 2024, the Dealer exercised its acceleration option under the December 2023 Forward Purchase Agreement and, on April 18, 2024, delivered 90,467,099 shares of SCL common stock to the Company, representing an average price of HKD 21.57 per share. On September 9, 2024, VVDI II entered into a supplemental confirmation to the 2023 Master Confirmation (the “September 2024 Forward Purchase Agreement”) with the Dealer relating to the purchase of the common stock of SCL (the “September 2024 Forward Purchase Transaction”). Pursuant to the terms of the September 2024 Forward Purchase Agreement, VVDI II made an up-front payment of HKD 800 million (approximately $103 million at exchange rates as of the date of the transaction) to the Dealer on September 9, 2024 (the “September 2024 Maximum Notional Amount”). The September 2024 Forward Purchase Transaction was completed on its scheduled end date of October 22, 2024, and on October 28, 2024, the Dealer delivered 23,413,651 shares of SCL common stock to the Company, representing an average price of HKD 14.64 per share. Due to the SCL share price exceeding the cap amount (as defined) during the term of the September 2024 Forward Purchase Transaction, approximately $59 million in unused portions of the September 2024 Maximum Notional Amount was returned to VVDI II in the form of cash. The number of shares actually delivered to the Company by the Dealer was based on the volume-weighted average share price (the "VWAP") of SCL’s common stock during the term of the December 2023 and the September 2024 Forward Purchase Transaction, subject to the Cap Amount, less an agreed discount. On October 30, 2024, VVDI II entered into a share purchase agreement (the “October 2024 SCL Purchase Agreement”) with a financial institution (the “Agent”) relating to the purchase of the common stock of SCL. Pursuant to the terms of the October 2024 SCL Purchase Agreement, VVDI II made an up-front payment of HKD 800 million (approximately $103 million at exchange rates as of the date of the transaction) to the Agent on October 30, 2024. The October 2024 SCL Purchase Agreement, which allowed for delivery of shares on a daily basis, concluded on November 26, 2024, and resulted in the delivery of 40,568,000 shares in total of SCL common stock to the Company, representing an average price of HKD 19.72 per share. Prepayment to Purchase Noncontrolling Interest On December 4, 2024, VVDI II entered into an additional share purchase agreement (the “December 2024 SCL Purchase Agreement”) with the Agent relating to the purchase of the common stock of SCL. Pursuant to the terms of the December 2024 SCL Purchase Agreement, VVDI II made an up-front payment of HKD 800 million (approximately $103 million at exchange rates as of the date of the transaction) to the Agent on December 4, 2024. The December 2024 SCL Purchase Agreement, which allowed for delivery of shares on a daily basis, concluded on January 7, 2025, and resulted in the delivery of 38,678,639 shares of SCL common stock to the Company, consisting of 25,112,000 shares received upon inception through December 31, 2024 and 13,566,639 shares received from January 1 through January 7, 2025, respectively, representing a total average daily price of HKD 20.68 per share. The number of shares actually delivered to the Company by the Agent was based on the price paid by the Agent for SCL common stock delivered to the Company during the term of the October 2024 and the December 2024 Purchase Transaction subject to the Cap Amount, less an agreed percentage of the benefit that the Agent was able to realize compared to the VWAP of SCL’s common stock. The total additional shares delivered related to the above transactions resulted in an increase of the Company’s ownership of SCL to approximately 72.13% as of December 31, 2024, and 72.29% as of January 7, 2025. Once the up-front payments were made related to all the transactions above, VVDI II had no further obligation to provide any additional consideration to the Dealer or Agent. The Company accounted for each of the various purchase agreements as a hybrid instrument consisting of a host contract, with the prepayment amount accounted for as a reduction to equity, and an embedded derivative with nominal fair value. As the embedded derivatives had a nominal fair value, no derivative was recorded. Transfer from Noncontrolling Interest The following table summarizes the net income attributable to LVSC and transfers from the noncontrolling interest, which shows the effects of changes in the Company’s ownership interest in a subsidiary on the equity attributable to the Company: Year Ended December 31, 2024 2023 2022 (In millions) Net income attributable to LVSC $ 1,446 $ 1,221 $ 1,832 Transfer from noncontrolling interest: Increase in LVSC’s paid-in-capital for purchase of subsidiary shares 12 — — Changes from net income attributable to LVSC and transfers from noncontrolling interest $ 1,458 $ 1,221 $ 1,832

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income (loss) before income taxes and noncontrolling interests for domestic and foreign operations is as follows: Year Ended December 31, 2024 2023 2022 (In millions) Foreign $ 2,129 $ 1,889 $ (1,090) Domestic (169) (114) (297) Total income (loss) from continuing operations before income taxes $ 1,960 $ 1,775 $ (1,387) The components of the income tax expense from continuing operations are as follows: Year Ended December 31, 2024 2023 2022 (In millions) Foreign: Current $ 181 $ 261 $ 136 Deferred 6 32 (21) Federal: Current 23 39 20 Deferred (2) 12 19 Total income tax expense $ 208 $ 344 $ 154 The reconciliation of the statutory federal income tax rate and the Company's effective tax rate for continuing operations is as follows: Year Ended December 31, 2024 2023 2022 Statutory federal income tax rate 21.0 % 21.0 % (21.0) % Increase (decrease) in tax rate resulting from: Foreign and U.S. tax rate differential (7.1) % (6.5) % 9.0 % Tax exempt (income) loss of foreign subsidiary (10.7) % (4.2) % 4.5 % Change in valuation allowance 3.3 % 4.0 % 15.8 % Other, net 4.1 % 5.1 % 2.8 % Effective tax rate 10.6 % 19.4 % 11.1 % The Company's foreign and U.S. tax rate differential reflects the fact that the U.S. tax rate of 21% is higher than the statutory tax rates in Singapore and Macao of 17% and 12%, respectively. The Company enjoys an income tax exemption in Macao that exempts the Company from paying corporate income tax on profits generated by gaming operations. The Company will continue to benefit from this tax exemption through December 31, 2027. Net income attributable to LVSC would have been reduced by $129 million and $46 million and diluted earnings per share would have been reduced by $0.17 and $0.06 per share for the years ended December 31, 2024 and 2023, respectively, without the consideration of the income tax exemption in Macao. The VML gaming losses incurred during 2022 did not generate a tax benefit because they were not subject to tax. In September 2013, the Company and the Internal Revenue Service entered into a Pre-Filing Agreement providing the Macao special gaming tax (35% of gross gaming revenue) qualifies as a tax paid in lieu of an income tax and could be claimed as a U.S. foreign tax credit. On February 7, 2024, the Company entered into a shareholder dividend tax agreement with the Macao government, effective for the period from January 1, 2023 through December 31, 2025, providing for an annual payment at an applicable rate of gross gaming revenue as a substitution for a 12% tax otherwise due from VML shareholders on dividend distributions paid from VML gaming profits. For the year ended December 31, 2023, income tax expense included an anticipated $57 million shareholder dividend tax based on the information available at the balance sheet date. During the three months ended March 31, 2024, the Company reversed the $57 million of income tax expense and recorded $10 million to corporate expense related to the year ended December 31, 2023, to reflect the terms of the new shareholder dividend tax agreement. The primary tax affected components of the Company's net deferred tax liabilities are as follows: December 31, 2024 2023 (In millions) Deferred tax assets: U.S. foreign tax credit carryforwards $ 2,531 $ 3,575 Net operating loss carryforwards 320 401 Research and development 29 22 Stock-based compensation 9 18 Accrued expenses 14 12 Pre-opening expenses 21 5 Provision for credit losses 1 1 Other 2 3 2,927 4,037 Less — valuation allowances (2,776) (3,879) Total deferred tax assets 151 158 Deferred tax liabilities: Property and equipment (213) (219) Prepaid expenses (2) (2) Other (2) (3) Total deferred tax liabilities (217) (224) Deferred tax liabilities, net $ (66) $ (66) The Company's U.S. foreign tax credit carryforwards were $2.57 billion and $3.61 billion as of December 31, 2024 and 2023, respectively, which expire beginning in 2025 and 2024, respectively. There was a valuation allowance of $2.46 billion and $3.49 billion as of December 31, 2024 and 2023, respectively, provided on certain U.S. foreign tax credit carryforwards, as the Company believes these assets do not meet the “more-likely-than-not” criteria for recognition. Net operating loss carryforwards for the Company's foreign subsidiaries were $2.59 billion and $3.28 billion as of December 31, 2024 and 2023, respectively, which expire beginning in 2025 and 2024, respectively. There are valuation allowances of $314 million and $394 million as of December 31, 2024 and 2023, respectively, provided on the net deferred tax assets of certain foreign jurisdictions, as the Company believes these assets do not meet the “more-likely-than-not” criteria for recognition. Undistributed earnings of subsidiaries are accounted for as a temporary difference, except deferred tax liabilities are not recorded for undistributed earnings of foreign subsidiaries deemed to be indefinitely reinvested in foreign jurisdictions. The Company does not consider current year's tax earnings and profits of its foreign subsidiaries to be indefinitely reinvested. Beginning with the year ended December 31, 2015, the Company's major foreign subsidiaries distributed, and may continue to distribute, earnings in excess of their current year's tax earnings and profits in order to meet the Company's liquidity needs. To the extent the Company has indefinitely reinvested earnings in foreign jurisdictions, it does not expect withholding taxes or other foreign income taxes to apply should these earnings be distributed in the form of dividends or otherwise. A reconciliation of the beginning and ending amounts of unrecognized tax benefits, is as follows: December 31, 2024 2023 2022 (In millions) Balance at the beginning of the year $ 141 $ 136 $ 136 Reductions to tax positions related to prior years — (3) (15) Additions to tax positions related to current year 8 8 15 Exchange rate fluctuations (1) — — Balance at the end of the year (1) $ 148 $ 141 $ 136 ____________________ (1) Includes interest and penalties of $25 million, $19 million and $13 million accrued as of December 31, 2024, 2023 and 2022, respectively. The Company recognizes interest and penalties, if any, related to unrecognized tax positions in the provision for income taxes in the accompanying consolidated statement of operations. As of December 31, 2024, 2023 and 2022, unrecognized tax benefits of $38 million, $36 million and $36 million, respectively, were recorded as reductions to the U.S. foreign tax credit deferred tax asset. As of December 31, 2024, 2023 and 2022, unrecognized tax benefits and related interest and penalties of $110 million, $105 million and $100 million, respectively, were recorded in “Other long-term liabilities.” Included in the unrecognized tax benefit balance as of December 31, 2024, 2023 and 2022, are $123 million, $122 million and $122 million, respectively, of uncertain tax benefits that would affect the effective income tax rate if recognized. The Company's major tax jurisdictions are the U.S., Macao and Singapore. The Company could be subject to examination for tax years beginning in 2020 in Macao and Singapore and tax years 2010 through 2015 and 2020 through 2023 in the U.S. The Company believes it has adequately reserved and provided for its uncertain tax positions; however, there is no assurance the taxing authorities will not propose adjustments that are different from the Company's expected outcome, and it could impact the provision for income taxes. The Company does not expect a significant increase or decrease in unrecognized tax benefits over the next twelve months.

Fair Value Disclosures

Fair Value Disclosures	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value Disclosures	Fair Value Disclosures The following table presents the carrying amounts and estimated fair values of financial instruments held or issued by the Company as of December 31, 2024 and 2023, using available market information. Determining fair value is judgmental in nature and requires market assumptions and/or estimation methodologies. The table excludes cash, restricted cash, accounts receivable, net, and accounts payable, all of which had fair values approximating their carrying amounts due to the short maturities and liquidity of these instruments. December 31, 2024 Hierarchy Level Carrying Amount (1) Level 1 Level 2 (in millions) Assets: Cash equivalents Cash deposits $ 2,294 $ 2,294 Money market funds 72 72 U.S. Treasury Bills 465 465 Loan Receivable (2) 1,264 $ 1,192 Liabilities: Debt (3)(4) 13,689 13,353 Cross-currency swaps (3) 56 56 December 31, 2023 Hierarchy Level Carrying Amount (1) Level 1 Level 2 (in millions) Assets: Cash equivalents Cash deposits $ 2,153 $ 2,153 Money market funds 52 52 U.S. Treasury Bills 1,124 1,124 Loan Receivable (2) 1,194 $ 1,130 Liabilities: Debt (3)(4) 14,090 13,526 Cross-currency swaps (3) 3 3 __________________ (1) The cross-currency swaps are accounted for at fair value in the accompanying consolidated financial statements. The other items included in this table are not accounted for at fair value. (2) The fair value is estimated based on level 2 inputs and reflects the increase in market interest rates since finalizing the terms of the loan receivable at a fixed interest rate on March 2, 2021. (3) The estimated fair value is based on recent trades, if available, and indicative pricing from market information (level 2 inputs). (4) The carrying amount of debt is exclusive of finance leases and represents its contractual value. As of December 31, 2024 and 2023, the amounts of the Company's other assets and liabilities that were accounted for at fair value were immaterial.

Leases

Leases	12 Months Ended
	Dec. 31, 2024
Leases [Abstract]
Leases	Leases Lessee The Company has operating and finance leases for various real estate (including leasehold interests in land) and equipment. Certain of these lease agreements include rental payments adjusted periodically for inflation, rental payments based on usage and rental payments contingent on certain events occurring. Certain of the Company’s leases include options to extend the lease term by one month to 10 years. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. Nassau Coliseum In conjunction with the Nassau Coliseum Transaction, the seller assigned to the Company their lease of the land on which the related assets, including the Nassau Coliseum and other improvements, are affixed (the “Original Lease”). Immediately following this assignment, the Company entered into a new land lease agreement with the County, for the use and exclusive right to develop and operate assets on the land for 99 years (the “99-Year Lease”), which commenced on June 2, 2023. On April 18, 2023, Hofstra University (“Hofstra”) filed a petition against the Nassau County Planning Commission (the “Planning Commission”) in the New York Supreme Court, County of Nassau, asserting, among other things, that certain meetings held by the Planning Commission concerning the 99-Year Lease and certain related transactions were not properly noticed and/or held, and that appropriate materials concerning the meetings were not made available to the public by the Planning Commission in connection with the meetings. On May 31, 2023, Hofstra filed an amended petition that, among other things, added additional respondents and sought to invalidate certain votes held by Nassau County and the Nassau County Legislature. Neither the petition nor the amended petition originally named the Company as a respondent to the proceeding. In a decision and order dated November 9, 2023, the New York Supreme Court annulled various votes held by the Nassau County Legislature, annulled the 99-Year Lease and remitted the matter to the Planning Commission and the Nassau County Legislature to conduct a proper public hearing in accordance with all relevant statutes and rules, including the Nassau County Administrative Code and the Open Meetings law and for the issuance of a positive declaration pursuant to the New York State Environmental Quality Review Act and for the preparation of an Environmental Impact Statement. On November 10, 2023, the respondents appealed the decision and order and on November 21, 2023, Hofstra cross-appealed. On December 13, 2023, the Appellate Division: Second Judicial Department denied respondents’ motion to stay enforcement of the decision and order pending the appeal, but granted a calendar preference, indicating that the appeal will be calendared expeditiously after all briefs have been filed. With the annulment of the 99-Year Lease noted above, the Company believed it had become the lessee in the Original Lease. This was accounted for as a lease modification on December 14, 2023. Prior to the annulment of the 99-Year Lease, the Company made the required lease payments, including a one-time rent payment of $54 million. On January 29, 2024, Hofstra filed a motion seeking a declaration that the Court’s prior order included the annulment of Nassau County’s consent and the putative assignment to the Company of the Original Lease. On February 23, 2024, the New York State Supreme Court ruled the Original Lease had been terminated and the Company currently had no leasehold interest in the land upon which the Nassau Coliseum sits. On February 27, 2024, the respondents appealed the decision, order and interlocutory judgment. On March 29, 2024, the Appellate Division: Second Judicial Department denied respondents’ motion to stay enforcement of the decision, order and interlocutory judgment. Subsequent to this order, the Company entered into a use and occupancy permit (the “Permit”) with Nassau County to allow the Company to continue operating the Nassau Coliseum for a nominal $1 fee. The Company considered the accounting guidance under ASC 842 and determined the Permit meets the definition of a lease as it conveys the right to control the use of the associated assets for a specified period of time. Consequently, the Original Lease was deemed to be modified, maintaining the operating lease classification. The Nassau County respondents appeal of the February 2024 decision and order remains pending. On August 16, 2024, the Company entered into a lease agreement with Nassau County for the use and exclusive right to operate assets on approximately 72 acres of land, including the Nassau Coliseum and other improvements thereon (the “42-Year Lease”), which has a 42-year lease term (inclusive of three 5-year extensions). The Company is required to make annual rent payments in the amounts and at the times specified in the 42-Year Lease. As of December 31, 2024, the related ROU asset and finance lease liability were $161 million and $115 million, respectively. In the accompanying consolidated balance sheets, the 42-Year Lease ROU asset is included in “Property and equipment, net” and the noncurrent portion of the related finance lease liability is included in “Debt.” The future minimum lease payments are $1 million for each of the years ending December 31, 2025 and 2026, $3 million for the year ending December 31, 2027, $6 million for each of the years ending December 31, 2028 and 2029, and $332 million thereafter. On October 23, 2024, the Appellate Division: Second Judicial Department issued a decision and order reversing the New York Supreme Court’s November 9, 2023 decision and order annulling the 99-Year Lease. The Second Judicial Department held that because the Company was a party to the 99-Year Lease that was annulled, the Company is a necessary party to the action, and remitted the matter to the New York State Supreme Court to the Company as a respondent to the proceeding. On November 13, 2024, the New York State Supreme Court directed the Clerk of Court to add the Company to the proceeding as a respondent and amended the case caption. The Company filed a motion to dismiss the amended petition on January 17, 2025. On December 6, 2024, the Incorporated Village of Garden City (“Garden City”) filed a petition in the New York Supreme Court, County of Nassau, which, among other things, challenges the validity of the 42-Year Lease. The Garden City petition names the Company as a respondent, along with several Nassau County governmental entities, including the Planning Commission, Nassau County Planning Division, Nassau County Real Estate Planning and Development Department, Nassau County Legislature, Nassau County Open Space and Parks Advisory Committee, and Nassau County. Garden City’s petition asserts, among other things, that the Nassau County Legislature failed to comply with state environmental law statutes when considering the 42-Year Lease, that the Nassau County Planning Commission and Legislature did not properly consider the 42-Year Lease, and that the Permit violates the New York State Constitution. The petition also seeks a declaration that the 42-Year Lease is void and of no further force or effect. The Company intends to respond to the petition before the deadline of March 17, 2025. Lessee Disclosure s Leases recorded on the balance sheet consist of the following (excluding the leasehold interests in land assets classified as operating leases; see “Note 8 — Leasehold Interests in Land, Net”): December 31, Leases Classification on the Balance Sheet 2024 2023 (In millions) Assets Operating lease ROU assets Other assets, net $ 48 $ 53 Finance lease ROU assets Property and equipment, net (1) $ 167 $ 5 Liabilities Current Operating Other accrued liabilities $ 16 $ 19 Finance Current maturities of Debt $ 10 $ 9 Noncurrent Operating Other long-term liabilities $ 172 $ 252 Finance Debt $ 118 $ 9 ____________________ (1) Finance lease ROU assets are recorded net of accumulated amortization of $27 million and $23 million as of December 31, 2024 and 2023, respectively. Other information related to lease term and discount rate is as follows: December 31, 2024 2023 Weighted Average Remaining Lease Term Operating leases 26.7 years 26.6 years Finance leases 40.0 years 2.1 years Weighted Average Discount Rate Operating leases 5.0 % 5.0 % Finance leases 5.3 % 6.3 % The components of lease expense are as follows: December 31, 2024 2023 2022 (In millions) Operating lease cost: Amortization of leasehold interests in land $ 58 $ 56 $ 55 Operating lease cost 16 14 21 Short-term lease cost 4 5 4 Variable lease cost 12 11 2 Finance lease cost: Amortization of leasehold interests in land 2 2 — Amortization of ROU assets 3 4 5 Interest on lease liabilities 3 6 1 Total lease cost $ 98 $ 98 $ 88 Supplemental cash flow information related to leases is as follows: December 31, 2024 2023 2022 (In millions) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 24 $ 17 $ 14 Financing cash flows for finance leases $ 9 $ 57 $ 4 Right-of-use assets obtained in exchange for lease liabilities: Operating leases $ 11 $ 194 $ 8 Finance leases $ 167 $ 1 $ 1 As of December 31, 2024, the Company has short-term lease commitments of $35 million. Maturities of lease liabilities are summarized as follows: Operating Leases Finance Leases (In millions) Year ending December 31, 2025 $ 18 $ 12 2026 17 3 2027 15 4 2028 13 6 2029 7 6 Thereafter 277 332 Total future minimum lease payments 347 363 Less — amount representing interest (159) (235) Present value of future minimum lease payments 188 128 Less — current lease obligations (16) (10) Long-term lease obligations $ 172 $ 118 Lessor The Company leases space at several of its Integrated Resorts to various third parties as part of its mall operations that are recorded within mall revenues, as well as restaurant and retail space that are recorded within convention, retail and other revenues. These leases are non-cancelable operating leases with remaining lease periods that vary from one month to 15 years. The leases include minimum base rents with escalated contingent rent clauses. Lease revenue consists of the following: Year Ended December 31, 2024 2023 2022 Mall Other Mall Other Mall Other (In millions) Minimum rents $ 548 $ 1 $ 503 $ 1 $ 484 $ 1 Overage rents 104 — 166 — 78 — Rent concessions (1) — — — — (70) — Total overage rents and rent concessions 104 — 166 — 8 — $ 652 $ 1 $ 669 $ 1 $ 492 $ 1 ___________________ (1) Rent concessions were provided to tenants during the year ended December 31, 2022 as a result of the COVID-19 pandemic and the impact on mall operations. Future minimum rentals (excluding the escalated contingent rent clauses) on non-cancelable leases are as follows: Mall Other (In millions) Year ending December 31, 2025 $ 529 $ 2 2026 441 1 2027 356 1 2028 256 1 2029 183 1 Thereafter 178 — Total minimum future rentals $ 1,943 $ 6 The cost and accumulated depreciation of property and equipment the Company is leasing to third parties is as follows: December 31, 2024 2023 (In millions) Property and equipment, at cost $ 1,570 $ 1,573 Accumulated depreciation (829) (773) Property and equipment, net $ 741 $ 800

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation The Company is involved in other litigation in addition to those noted below, arising in the normal course of business. Management has made certain estimates for potential litigation costs based upon consultation with legal counsel. Actual results could differ from these estimates; however, in the opinion of management, such litigation and claims will not have a material effect on the Company’s financial condition, results of operations and cash flows. Asian American Entertainment Corporation, Limited v. Venetian Macau Limited, et al. On January 19, 2012, Asian American Entertainment Corporation, Limited (“AAEC” or “Plaintiff”) filed a claim with the Macao First Instance Court against VML, LVS (Nevada) International Holdings, Inc. (“LVS (Nevada)”), Las Vegas Sands, LLC (“LVSLLC”) and Venetian Casino Resort (“VCR”) (collectively, the “Defendants”) for 3.0 billion patacas (approximately $375 million at exchange rates in effect on December 31, 2024), which alleges a breach of agreements entered into between AAEC and LVS (Nevada), LVSLLC and VCR (collectively, the “U.S. Defendants”) for their joint presentation of a bid in response to the public tender held by the Macao government for the award of gaming concessions at the end of 2001. On March 24, 2014, the Macao First Instance Court issued a decision holding that AAEC’s claim against VML is unfounded and that VML be removed as a party to the proceedings. On May 8, 2014, AAEC lodged an appeal against that decision and the appeal is currently pending. On June 5, 2015, the U.S. Defendants applied to the Macao First Instance Court to dismiss the claims against them as res judicata based on the dismissal of prior action in the United States that had alleged similar claims. On March 16, 2016, the Macao First Instance Court dismissed the defense of res judicata. An appeal against that decision was lodged by U.S. Defendants on April 7, 2016. At the end of December 2016, all the appeals were transferred to the Macao Second Instance Court. Evidence gathering by the Macao First Instance Court commenced by letters rogatory, which was completed on March 14, 2019. On July 15, 2019, AAEC submitted a request to the Macao First Instance Court to increase the amount of its claim to 96.45 billion patacas (approximately $12.06 billion at exchange rates in effect on December 31, 2024), allegedly representing lost profits from 2004 to 2018, and reserving its right to claim for lost profits up to 2022. On September 4, 2019, the Macao First Instance Court allowed AAEC’s amended request. The U.S. Defendants appealed the decision allowing the amended claim on September 17, 2019; the Macao First Instance Court accepted the appeal on September 26, 2019, and that appeal is currently pending. On April 16, 2021, the U.S. Defendants moved to reschedule the trial because of the ongoing COVID-19 pandemic. The Macao First Instance Court denied the U.S. Defendants’ motion on May 28, 2021. The U.S. Defendants appealed that ruling on June 16, 2021, and that appeal is currently pending. The trial began on June 16, 2021. By order dated June 17, 2021, the Macao First Instance Court scheduled additional trial dates in late 2021 to hear witnesses who were subject to COVID-19 travel restrictions that prevented or severely limited their ability to enter Macao. The U.S. Defendants appealed certain aspects of the Macao First Instance Court’s June 17, 2021 order, and that appeal is currently pending. On July 10, 2021, the U.S. Defendants were notified of an invoice for supplemental court fees totaling 93 million patacas (approximately $12 million at exchange rates in effect on December 31, 2024) based on Plaintiff’s July 15, 2019 amendment. By motion dated July 20, 2021, the U.S. Defendants moved for an order withdrawing that invoice. The Macao First Instance Court denied that motion by order dated September 11, 2021. The U.S. Defendants appealed that order on September 23, 2021, and that appeal is currently pending. By order dated September 29, 2021, the Macao First Instance Court ordered that the invoice for supplemental court fees be stayed pending resolution of that appeal. From December 17, 2021 to January 19, 2022, Plaintiff submitted additional documents to the court file and disclosed written reports from two purported experts, who calculated Plaintiff’s damages at 57.88 billion patacas and 62.29 billion patacas (approximately $7.24 billion and $7.79 billion, respectively, at exchange rates in effect on December 31, 2024). On April 28, 2022, the Macao First Instance Court entered a judgment for the U.S. Defendants. The Macao First Instance Court also held that Plaintiff litigated certain aspects of its case in bad faith. Plaintiff filed a notice of appeal from the Macao First Instance Court’s judgment on May 13, 2022. That appeal is fully briefed and remains pending with the Macao Second Instance Court. On September 19, 2022, the U.S. Defendants were notified of an invoice for appeal court fees totaling 48 million patacas (approximately $6 million at exchange rates in effect on December 31, 2024). By motion dated September 29, 2022, the U.S. Defendants moved the Macao First Instance Court for an order withdrawing that invoice. The Macao First Instance Court denied that motion by order dated October 24, 2022. The U.S. Defendants appealed that order on November 10, 2022, and on January 6, 2023, submitted the appeal brief, and that appeal is currently pending. On October 9, 2023, the U.S. Defendants were notified that the Macao Second Instance Court had invited Plaintiff to amend its appeal brief, primarily to separate out matters of fact from matters of law, and Plaintiff had submitted an amended appeal brief on October 5, 2023. The U.S. Defendants responded to Plaintiff’s amended appeal brief on October 30, 2023. On November 8, 2023, the Macao Second Instance Court issued an order concluding that Plaintiff may have litigated in bad faith by exceeding the scope of permissible amendments to its appeal brief and invited responses from the parties. The U.S. Defendants responded to the November 8, 2023 order on November 23, 2023, and Plaintiff moved for clarification of the November 8 order on November 27, 2023. On January 5, 2024, the Macao Second Instance Court rejected AAEC's request for clarification. On October 17, 2024, the Macao Second Instance Court issued an order rejecting Plaintiff's appeal of the Macao First Instance Court's April 28, 2022 judgment based on procedural defects, and again found the Plaintiff to be litigating in bad faith. On October 29 and November 1, 2024, respectively, the U.S. Defendants and Plaintiff moved for clarification of the Second Instance Court’s decision not to hear certain interlocutory appeals. On November 5, 2024, Plaintiff filed a notice stating that its time to appeal should not begin to run until after the Macao Second Instance Court resolves the clarification motions and that Plaintiff intends to file a notice of appeal at that time or, in the alternative, Plaintiff asked the Macao Second Instance Court to treat its November 5 filing as a notice of appeal. On November 14, 2024, Plaintiff applied to rectify both its notice of appeal and its request for clarification. On November 18, 2024, the U.S. Defendants responded to Plaintiff's request for clarification. The matter is currently pending before the Macao Second Instance Court. Management has determined that, based on proceedings to date, it is currently unable to determine the probability of the outcome of this matter or the range of reasonably possible loss, if any. The Company intends to defend this matter vigorously. Commitments Macao Concession Annual Premium Under the Macao Concession, the Company is obligated to pay to the Macao government an annual gaming premium with a fixed portion and a variable portion based on the number and type of gaming tables it employs and gaming machines it operates. The fixed portion of the premium is equal to 30 million patacas (approximately $4 million at exchange rates in effect on December 31, 2024). The variable portion is equal to 300,000 patacas per gaming table reserved exclusively for certain kinds of games or players, 150,000 patacas per gaming table not so reserved and 1,000 patacas per electrical or mechanical gaming machine, including slot machines (approximately $37,503, $18,751 and $125, respectively, at exchange rates in effect on December 31, 2024), subject to a minimum of 76 million patacas (approximately $10 million at exchange rates in effect on December 31, 2024). Based on the gaming tables and gaming machines (which is at the maximum number of tables and machines currently allowed by the Macao government) in operation as of December 31, 2024, the annual premium payable to the Macao government is approximately $41 million during each of the next five years ending December 31, 2029, and approximately $122 million in aggregate thereafter through the termination of the Concession in December 2032. The Company is also obligated to pay a special gaming tax of 35% of gross gaming revenues and applicable withholding taxes. Under the Concession, the Company must also contribute 5% of its gross gaming revenue to utilities designated by the Macao government, a portion of which must be used for promotion of tourism in Macao. Additionally, under the Concession, the Company is also obligated to pay a special annual gaming premium if the average of the gross gaming revenues of the Company's gaming tables and electrical or mechanical gaming machines, including slot machines, is lower than a certain minimum amount determined by the Macao government; such special premium being the difference between the gaming tax based on the actual gross gaming revenues and that of the specified minimum amount; this minimum amount has been set by the Macao government at 7 million patacas per gaming table and 300,000 patacas per gaming machine (approximately $1 million and $37,503, respectively, at exchange rates in effect on December 31, 2024), for an annual total of 4.50 billion patacas (approximately $563 million at exchange rates in effect on December 31, 2024) based on the maximum number of gaming tables and gaming machines the Company is currently authorized to operate. No special annual gaming premium was paid for the years ended December 31, 2024 and 2023. Handover Record Pursuant to the Handover Record, the Company is required to make annual payments of 750 patacas per square meter for the first three years and 2,500 patacas per square meter for the following seven years (approximately $94 and $313, respectively, at exchange rates in effect on December 31, 2024). The annual fee per square meter will be subject to an annual adjustment based on the previous year's average price index in Macao. The anticipated annual fee for 2025 is approximately $13 million , followed by an estimated $42 million annually for the subsequent seven years, subject to the price index adjustment mentioned above. Committed Investment Under the Concession, the Company is obligated to develop certain gaming and non-gaming investment projects by December 2032 in connection with, among others, attraction of international visitors, conventions and exhibitions, entertainment shows, sporting events, culture and art, health and wellness and themed attractions, as well as support Macao's position as a city of gastronomy and increase community and maritime tourism. The Company is required to invest, or cause to be invested, at least 35.80 billion patacas (approximately $4.48 billion at exchange rates in effect on December 31, 2024), including 33.36 billion patacas (approximately $4.17 billion at exchange rates in effect on December 31, 2024) on non-gaming projects. For the year ending December 31, 2023, the Company spent approximately $168 million on these projects. This amount was reviewed and confirmed as qualified spend under the Concession by the Macao government following an audit conducted in July 2024, with results issued in November 2024. The Macao government conducts an annual audit to confirm qualified concession investments for the prior year. As of the date of this filing, the audit process for 2024 investments has not yet commenced. Singapore Committed Spend Pursuant to the agreement executed in January 2025 to purchase the Additional Gaming Area and changes to the MBS Expansion Project gross floor area allocation, an additional payment of approximately $1.0 billion is required to be paid, $850 million of which the Company expects will be due during the second quarter of 2025, with the remainder to be due in 2026. Refer to Note 1 — Organization and Business of Company for further information. Non-Cancelable Contractual Obligations The Company's non-cancelable contractual obligations (excluding operating leases and the Macao annual gaming premium mentioned above) are $678 million as of December 31, 2024. The amount excludes open purchase orders with the Company's suppliers that have not yet been received as these agreements generally allow the Company the option to cancel, reschedule and adjust terms based on the Company's business needs prior to the delivery of goods or performance of services. These obligations consist primarily of certain hotel management and service agreements. Some of the Company's hotel properties operate pursuant to management agreements with various experienced third-party hotel operators (management companies), whereby the management company controls the day-to-day operations of each of these hotels, and the Company is granted limited approval rights with respect to certain of the management company’s actions. The non-cancelable period of the Company's management agreements ranges from 14 to 40 years with various extension provisions and some with early termination options. Each management company receives a base management fee, generally a percentage of revenue as defined. There are also monthly fees for certain support services and some also include incentive fees based on attaining certain financial thresholds. Additionally, the Company has a franchise agreement granting it the right to operate the Londoner Grand as a franchisee under Marriott International’s “Luxury Collection Hotel” brand, which primarily consists of a fixed and variable franchise fee. The non-cancelable period for the franchise agreement is 15 years. The Company's non-cancelable contractual obligations also include agreements with certain celebrities and professional sports leagues and teams for the hosting of events, advertising, marketing, promotional and sponsorship opportunities in order to promote the Company’s brand and services.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation The Company has two equity plans that allow for the grants of stock-based compensation awards of the Company's common stock and ordinary shares of SCL (the “2004 Plan” and the “SCL Equity Plan,” respectively), which are described below. The 2004 Plan provides for the granting of equity awards pursuant to the applicable provisions of the Internal Revenue Code and regulations in the United States. Las Vegas Sands Corp. 2004 Equity Award Plan The 2004 Plan gives the Company a competitive edge in attracting, retaining and motivating employees, directors and consultants and provides the Company with a stock plan providing incentives directly related to increases in its stockholder value. Any of the Company's subsidiaries' or affiliates' employees, directors or officers and many of its consultants are eligible for awards under the 2004 Plan. The 2004 Plan originally provided for an aggregate of 26,344,000 shares of the Company's common stock to be available for awards. The 2004 Plan originally had a term of ten years, but in June 2014, the Company's Board of Directors approved an amendment to the 2004 Plan, extending the term to December 2019. In May 2019, the Board of Directors and stockholders approved the adoption of the Las Vegas Sands Corp. Amended and Restated 2004 Equity Award Plan (the “Amended 2004 Plan”), which extended the term of the 2004 Plan through December 2024 and increased the number of shares of common stock available for grants by 10,000,000 shares. In May 2024, the Company's Board of Directors approved an amendment to the Amended 2004 Plan, which extended the term to December 2029 and increased the number of shares of common stock available for grants by 10,000,000 shares. The compensation committee may grant awards of nonqualified stock options, incentive (qualified) stock options, stock appreciation rights, restricted stock awards, restricted stock units, stock bonus awards, performance compensation awards or any combination of the foregoing. As of December 31, 2024, there were 12,489,075 shares available for grant under the Amended 2004 Plan. Stock option awards are granted with an exercise price equal to the fair market value (as defined in the Amended 2004 Plan) of the Company's stock on the date of grant. The outstanding stock options generally vest over three Under the Amended 2004 Plan, the Company granted restricted stock to eligible employees (“restricted stock units”) and restricted stock to non-employee directors (“restricted stock”). Such restricted stock units generally vest over three years or other periods subject to approval. The restricted stock vests on the earlier to occur of the first anniversary of the date of grant and the date of the Company’s annual meeting of stockholders in the calendar year following the date of grant, in each case, provided that the director is still serving on the Board on the vesting date. Grantees are entitled to any accumulated dividends in cash upon vesting. Sands China Ltd. Equity Award Plan The SCL Equity Plan gives SCL a competitive edge in attracting, retaining and motivating employees, directors and consultants and provides SCL with a stock plan providing incentives directly related to increases in its stockholder value. Subject to certain criteria as defined in the SCL Equity Plan, SCL's subsidiaries' or affiliates' employees, directors or officers are eligible for awards under the SCL Equity Plan. The SCL 2009 Equity Plan had a term of ten years, which expired on November 30, 2019. The SCL 2019 Equity Plan was approved by SCL's shareholders on May 24, 2019, and took effect on December 1, 2019, with materially the same terms of the SCL 2009 Equity Plan. To comply with the latest requirements under Chapter 17 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Hong Kong Listing Rules") (which deals with equity securities - shares schemes), SCL adopted the SCL 2024 Equity Plan, which was approved by its shareholders on May 17, 2024, and took effect on May 29, 2024. All existing awards under the SCL 2009 Equity Plan and SCL 2019 Equity Plan previously granted, but unexercised or unvested (as the case may be), will remain valid and (where applicable) exercisable in accordance with their terms of grant. No further awards may be granted under the SCL 2019 Equity Plan. Pursuant to Chapter 17 of the Hong Kong Listing Rules, the maximum number of shares that may be issued in respect of all share-based awards (under which new shares will be issued) to be granted under the SCL 2024 Equity Plan are subject to the scheme mandate limit, and the aggregation of other share-based awards granted to an eligible person in any 12-month period prior to (and including) the date of grant shall not exceed 1% of the shares in issue on the date of grant. As of December 31, 2024, the scheme mandate limit under the SCL 2024 Equity Plan were 809,337,956 SCL shares. SCL's remuneration committee may grant awards of stock options, stock appreciation rights, restricted stock, restricted stock units, performance compensation awards or any combination of the foregoing pursuant to the SCL 2024 Equity Plan. Stock option awards are granted with an exercise price not less than the highest of (i) the closing price of SCL's stock on the date of grant, which must be a business day, (ii) the average closing price of SCL's stock for the five business days immediately preceding the date of grant and (iii) the nominal value of a SCL stock, which is $0.01. The outstanding stock options generally vest over four years and have contractual terms of ten years. Compensation cost for all stock option grants, which generally have graded vesting is recognized on a straight-line basis over the awards' respective requisite service periods. SCL estimates the fair value of stock options using the Black-Scholes option-pricing model. Expected volatilities are based on SCL's historical volatility for a period equal to the expected life of the stock options. The expected option life is based on the contractual term of the option as well as historical exercise and forfeiture behavior. The risk-free interest rate for periods equal to the expected term of the stock option is based on the Hong Kong Government Bond rate in effect at the time of the grant. The expected dividend yield is based on the estimate of annual dividends expected to be paid at the time of the grant. Under the SCL 2009 Equity Plan, the SCL 2019 Equity Plan and the SCL 2024 Equity Plan, SCL granted restricted stock units to eligible employees. Such restricted stock units generally vest over three years or other periods subject to approval. Grantees are entitled to a future cash payment that is equivalent to the fair value of the restricted stock unit and any accumulated dividends in cash upon vesting. Stock-Based Compensation Activity The fair value of each option grant was estimated on the grant date using the Black-Scholes option-pricing model with the following weighted average assumptions: Year Ended December 31, 2024 2023 2022 LVSC Amended 2004 Plan: Weighted average volatility 25.1 % 26.1 % 26.0 % Expected term (in years) 8.0 8.4 6.3 Risk-free rate 4.1 % 4.0 % 2.1 % Expected dividend yield 1.7 % 1.7 % — % SCL Equity Plan: Weighted average volatility — % — % 43.7 % Expected term (in years) — — 7.2 Risk-free rate — % — % 2.7 % Expected dividend yield — % — % — % A summary of the stock option activity for the Company's equity award plans for the year ended December 31, 2024, is presented below: Shares Weighted Weighted Aggregate LVSC Amended 2004 Plan: Outstanding as of January 1, 2024 14,914,378 $ 48.04 Granted 6,824 47.93 Exercised (20,000) 33.17 Forfeited or expired (2,335,586) 56.62 Outstanding as of December 31, 2024 12,565,616 $ 46.47 5.46 $ 97 Exercisable as of December 31, 2024 10,434,635 $ 47.07 5.03 $ 81 SCL Equity Plan: Outstanding as of January 1, 2024 44,325,350 $ 4.84 Forfeited or expired (4,982,800) 6.80 Outstanding as of December 31, 2024 39,342,550 $ 4.59 3.33 $ 1 Exercisable as of December 31, 2024 36,042,550 $ 4.80 2.94 $ — A summary of the unvested restricted stock and restricted stock units under the Company's equity award plans for the year ended December 31, 2024, is presented below: Shares Weighted LVSC Amended 2004 Plan: Unvested Restricted Stock Balance as of January 1, 2024 17,166 $ 61.15 Granted 21,185 47.20 Vested (17,166) 61.15 Balance as of December 31, 2024 21,185 $ 47.20 Unvested Restricted Stock Units Balance as of January 1, 2024 880,640 $ 54.14 Granted 1,168,501 50.40 Vested (462,752) 52.10 Forfeited (1,215) 61.65 Balance as of December 31, 2024 1,585,174 $ 51.92 SCL Equity Plan: Unvested Restricted Stock Units Balance as of January 1, 2024 17,890,996 $ 2.98 Granted 14,788,400 2.66 Vested (10,677,260) 3.00 Forfeited (678,708) 2.64 Balance as of December 31, 2024 21,323,428 $ 2.76 The grant date fair value of SCL's restricted stock unit awards is the share price of SCL's ordinary stock at the respective grant date. The fair value of these awards is remeasured each reporting period until the vesting dates. Upon settlement, SCL will pay the grantees an amount in cash calculated based on the closing price of SCL's stock on the vesting date or higher of (i) the closing price of SCL's stock on the vesting date, and (ii) the average closing price of SCL's stock for the five trading days immediately preceding the vesting date. The accrued liability associated with these cash-settled restricted stock units was $28 million and $32 million as of December 31, 2024 and 2023, respectively. As of December 31, 2024, under the Amended 2004 Plan there was $15 million and $56 million of unrecognized compensation cost related to unvested stock options and unvested restricted stock and stock units, respectively. The stock option and restricted stock and stock unit costs are expected to be recognized over a weighted average period of 3.2 years and 1.9 years, respectively. As of December 31, 2024, under the SCL Equity Plan there was $2 million and $29 million of unrecognized compensation cost related to unvested stock options and unvested restricted stock units, respectively. The stock option and restricted stock unit costs are expected to be recognized over a weighted average period of 2.0 years and 2.8 years, respectively. The stock-based compensation activity for the Amended 2004 Plan and SCL Equity Plan is as follows for the three years ended December 31, 2024: Year Ended December 31, 2024 2023 2022 (Dollars in millions, except weighted average grant date fair values) Compensation expense: Stock options $ 20 $ 21 $ 24 Restricted stock and stock units 58 51 46 $ 78 $ 72 $ 70 Income tax benefit recognized in the consolidated statements of operations $ 4 $ 3 $ 2 Compensation cost capitalized as part of property and equipment $ 1 $ 1 $ 2 LVSC Amended 2004 Plan: Stock options granted 6,824 510,157 1,730,000 Weighted average grant date fair value $ 14.65 $ 15.58 $ 12.74 Restricted stock granted 21,185 17,166 46,448 Weighted average grant date fair value $ 47.20 $ 61.15 $ 30.14 Restricted stock units granted 1,168,501 577,636 123,497 Weighted average grant date fair value $ 50.40 $ 57.77 $ 42.55 Stock options exercised: Intrinsic value $ — $ 1 $ — Cash received $ 1 $ 3 $ — SCL Equity Plan: Stock options granted — — 3,300,000 Weighted average grant date fair value $ — $ — $ 1.13 Restricted stock units granted 14,788,400 6,792,000 9,393,200 Weighted average grant date fair value $ 2.66 $ 3.44 $ 2.32 Stock options exercised: Intrinsic value $ — $ — $ — Cash received $ — $ 1 $ —

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2024
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions During the years ended December 31, 2024, 2023 and 2022, Dr. Adelson, her family members and trusts and other entities established for the benefit of Dr. Adelson's family members (collectively the “Principal Stockholders”) purchased certain services from the Company including security and medical support, and other goods and services for $4 million, $2 million and $3 million, respectively. For the years ended December 31, 2024, 2023 and 2022, the Company incurred approximately $1 million, $1 million and $1 million, respectively, for food and beverage services, newspaper subscriptions and security support from entities in which the Principal Stockholders have an ownership interest. During the years ended December 31, 2024, 2023 and 2022, the Company incurred certain expenses of $5 million, $11 million and $6 million, respectively, related to the Company's use of Principal Stockholders' personal aircraft and aircraft refurbishment and maintenance services for business purposes. During the years ended December 31, 2024, 2023 and 2022, the Company charged the Principal Stockholders $36 million, $21 million and $19 million, respectively, related to aviation costs incurred by the Company for the Principal Stockholders' use of Company aviation personnel and assets for personal purposes, as well as payments made by the Company to manage the Principal Stockholder's personal aircraft. Related party receivables were $7 million and $8 million as of December 31, 2024 and 2023, respectively. Related party payables were approximately $1 million as of December 31, 2024 and 2023. On November 28, 2023, the Company entered into an underwriting agreement (the “Underwriting Agreement”) with Dr. Adelson and the Miriam Adelson Trust (the “Selling Stockholders”), and Goldman Sachs & Co. LLC and BofA Securities, Inc., as representatives (the “Representatives”) of several underwriters, relating to the sale by the Selling Stockholders of 46,264,168 shares of the Company’s common stock at a public offering price of $44.00 per share (the “Offering”). In addition, concurrently with the closing of the Offering, the Company repurchased 5,783,021 shares of its Common Stock from the Underwriters for $250 million at a price per share equal to the public offering price, less underwriting discounts and commissions. On July 11, 2022, the Company entered into an intercompany term loan agreement with SCL, a related party, in the amount of $1.0 billion, which is repayable on July 11, 2028. In the first two years from July 11, 2022, SCL had the option to elect to pay cash interest at 5.0% per annum or payment-in-kind interest at 6.0% per annum by adding the amount of such interest to the then-outstanding principal amount of the loan, following which only cash interest at 5.0% per annum will be payable. This loan is unsecured, subordinated to all third-party unsecured indebtedness and other obligations of SCL and its subsidiaries, and is eliminated in consolidation.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Segment Information	Segment Information The Company views each of its operating properties as a reportable segment, which have been identified based on various factors such as regulatory environment, geography and the level at which the information is reviewed by the Company's chief operating decision maker (the “CODM”). The Company's CODM is its Chief Executive Officer. The Company’s principal operating and developmental activities occur in two geographic areas: Macao and Singapore. The Company's reportable segments are: The Venetian Macao; The Londoner Macao; The Parisian Macao; The Plaza Macao and Four Seasons Macao; Sands Macao; and Marina Bay Sands. The Company has included Ferry Operations and Other (comprised primarily of the Company’s ferry operations and various other operations that are ancillary to its properties in Macao) and Corporate and Other (which includes construction and development activities for projects under development not included in its reportable segments) to reconcile to the consolidated results of operations and financial condition. The Company's reportable segments are not aggregated. The Company's reportable segments generate revenue from casino wagers, room sales, food and beverage and retail transactions, rental income from mall tenants, convention sales and entertainment and ferry ticket sales. The accounting policies applied to the segments are the same as those described in the summary of significant accounting policies (see “Note 2 — Summary of Significant Accounting Policies”). The Company accounts for intersegment sales and transfers as if the sales or transfers were to third parties, that is, at current market prices. Intersegment transactions, with the exception of intercompany royalties, are not eliminated from segment results as management considers those transactions in assessing the results of the respective segments. The CODM assesses the performance of each segment and allocates resources to each segment based on adjusted property EBITDA. Consolidated adjusted property EBITDA, which is a supplemental non-GAAP financial measure, is net income (loss) from continuing operations before stock-based compensation expense, corporate expense, pre-opening expense, development expense, depreciation and amortization, amortization of leasehold interests in land, gain or loss on disposal or impairment of assets, interest, other income or expense, gain or loss on modification or early retirement of debt and income taxes. Consolidated adjusted property EBITDA should not be interpreted as an alternative to income from operations (as an indicator of operating performance) or to cash flows from operations (as a measure of liquidity), in each case, as determined in accordance with GAAP. The Company has significant uses of cash flow, including capital expenditures, dividend payments, interest payments, debt principal repayments and income taxes, which are not reflected in consolidated adjusted property EBITDA. Consolidated adjusted property EBITDA is used by the CODM and management, as well as industry analysts, to evaluate operations and operating performance. In particular, the CODM and management utilize consolidated adjusted property EBITDA to compare the operating profitability of its operations with those of its competitors, as well as a basis for determining certain incentive compensation. Integrated Resort companies have historically reported adjusted property EBITDA as a supplemental performance measure to GAAP financial measures. In order to view the operations of their properties on a more stand-alone basis, Integrated Resort companies, including LVSC, have historically excluded certain expenses that do not relate to the management of specific properties, such as pre-opening expense, development expense and corporate expense, from their adjusted property EBITDA calculations. Not all companies calculate adjusted property EBITDA in the same manner. As a result, consolidated adjusted property EBITDA as presented by the Company may not be directly comparable to similarly titled measures presented by other companies. The Company's segment information as of and for the years ended December 31, 2024, 2023 and 2022, is as follows: The Venetian Macao The Londoner Macao The Parisian Macao The Plaza Macao and Four Seasons Macao Sands Macao Ferry Operations and Other Total Macao Marina Bay Sands Inter-company Royalties Total (In millions) Year Ended December 31, 2024 Casino $ 2,282 $ 1,462 $ 740 $ 572 $ 290 $ — $ 5,346 $ 2,957 $ — $ 8,303 Rooms 210 302 137 107 18 — 774 500 — 1,274 Food and beverage 64 92 62 31 11 — 260 347 — 607 Mall 230 77 27 158 1 — 493 262 — 755 Convention, retail and other 38 51 7 4 2 98 200 159 — 359 Net revenues 2,824 1,984 973 872 322 98 7,073 4,225 — 11,298 Intersegment revenues 7 — — — — 27 34 5 250 289 Net revenues before intersegment eliminations 2,831 1,984 973 872 322 125 7,107 4,230 250 11,587 Less: Payroll and related expenses 413 355 194 106 90 41 1,199 677 — 1,876 Gaming taxes 1,073 775 365 347 134 — 2,694 751 — 3,445 Other expenses (1) 252 311 117 98 42 67 887 750 250 1,887 Segment expenses 1,738 1,441 676 551 266 108 4,780 2,178 250 7,208 Segment/Consolidated adjusted property EBITDA 1,093 543 297 321 56 17 2,327 2,052 — 4,379 Other Operating Costs and Expenses Stock-based compensation (2) (27) Corporate (290) Pre-opening (14) Development (228) Depreciation and amortization (1,308) Amortization of leasehold interests in land (60) Loss on disposal or impairment of assets (50) Operating income 2,402 Other Non-Operating Costs and Expenses Interest income 275 Interest expense, net of amounts capitalized (727) Other income 10 Income tax expense (208) Net income $ 1,752 The Venetian Macao The Londoner Macao The Parisian Macao The Plaza Macao and Four Seasons Macao Sands Macao Ferry Operations and Other Total Macao Marina Bay Sands Inter-company Royalties Total (In millions) Year Ended December 31, 2023 Casino $ 2,151 $ 1,283 $ 655 $ 462 $ 290 $ — $ 4,841 $ 2,681 $ — $ 7,522 Rooms 191 324 135 94 17 — 761 443 — 1,204 Food and beverage 63 86 49 30 12 — 240 344 — 584 Mall 227 66 32 187 1 — 513 254 — 767 Convention, retail and other 43 33 8 6 2 80 172 123 — 295 Net revenues 2,675 1,792 879 779 322 80 6,527 3,845 — 10,372 Intersegment revenues 7 — — — — 25 32 4 224 260 Net revenues before intersegment eliminations 2,682 1,792 879 779 322 105 6,559 3,849 224 10,632 Less: Payroll and related expenses 380 330 187 102 93 35 1,127 617 — 1,744 Gaming taxes 1,012 672 317 276 134 — 2,411 652 — 3,063 Other expenses (1) 236 274 106 93 36 52 797 719 224 1,740 Segment expenses 1,628 1,276 610 471 263 87 4,335 1,988 224 6,547 Segment/Consolidated adjusted property EBITDA 1,054 516 269 308 59 18 2,224 1,861 — 4,085 Other Operating Costs and Expenses Stock-based compensation (2) (29) Corporate (230) Pre-opening (15) Development (205) Depreciation and amortization (1,208) Amortization of leasehold interests in land (58) Loss on disposal or impairment of assets (27) Operating income 2,313 Other Non-Operating Costs and Expenses Interest income 288 Interest expense, net of amounts capitalized (818) Other expense (8) Income tax expense (344) Net income $ 1,431 The Venetian Macao The Londoner Macao The Parisian Macao The Plaza Macao and Four Seasons Macao Sands Macao Ferry Operations and Other Total Macao Marina Bay Sands Inter-company Royalties Total (In millions) Year Ended December 31, 2022 Casino $ 438 $ 194 $ 116 $ 146 $ 53 $ — $ 947 $ 1,680 $ — $ 2,627 Rooms 55 61 33 29 6 — 184 285 — 469 Food and beverage 17 26 10 10 4 — 67 234 — 301 Mall 154 47 25 127 1 — 354 226 — 580 Convention, retail and other 11 22 4 1 1 6 45 88 — 133 Net revenues 675 350 188 313 65 6 1,597 2,513 — 4,110 Intersegment revenues 7 — — — — 23 30 3 107 140 Net revenues before intersegment eliminations 682 350 188 313 65 29 1,627 2,516 107 4,250 Less: Payroll and related expenses 342 281 172 90 90 32 1,007 516 — 1,523 Gaming taxes 226 115 63 82 29 — 515 420 — 935 Other expenses (1) 139 143 56 60 27 4 429 524 107 1,060 Segment expenses 707 539 291 232 146 36 1,951 1,460 107 3,518 Segment/Consolidated adjusted property EBITDA (25) (189) (103) 81 (81) (7) (324) 1,056 — 732 Other Operating Costs and Expenses Stock-based compensation (2) (33) Corporate (235) Pre-opening (13) Development (143) Depreciation and amortization (1,036) Amortization of leasehold interests in land (55) Loss on disposal or impairment of assets (9) Operating income (792) Other Non-Operating Costs and Expenses Interest income 116 Interest expense, net of amounts capitalized (702) Other expense (9) Income tax expense (154) Net income $ (1,541) _________________________ (1) Consists of gaming and non-gaming operating expenses and selling, general and administrative expenses of each segment. (2) During the years ended December 31, 2024, 2023 and 2022, the Company recorded stock-based compensation expense of $78 million, $72 million and $70 million, respectively, of which $51 million, $43 million and $37 million, respectively, was included in corporate expense in the accompanying consolidated statements of operations. December 31, 2024 2023 2022 (In millions) Capital Expenditures Corporate and Other $ 40 $ 200 $ 60 Macao: The Venetian Macao 262 71 52 The Londoner Macao 545 132 175 The Parisian Macao 39 9 3 The Plaza Macao and Four Seasons Macao 14 15 9 Sands Macao 16 6 4 Ferry Operations and Other 3 — — 879 233 243 Marina Bay Sands 648 584 348 Total capital expenditures $ 1,567 $ 1,017 $ 651 December 31, 2024 2023 2022 (In millions) Total Assets Corporate and Other $ 3,353 $ 5,167 $ 5,422 Macao: The Venetian Macao 2,806 2,548 2,135 The Londoner Macao 4,665 4,193 4,489 The Parisian Macao 1,710 1,802 1,828 The Plaza Macao and Four Seasons Macao 987 1,059 1,020 Sands Macao 253 287 208 Ferry Operations and Other 719 335 870 11,140 10,224 10,550 Marina Bay Sands 6,173 6,387 6,067 Total assets $ 20,666 $ 21,778 $ 22,039 December 31, 2024 2023 2022 (In millions) Total Long-Lived Assets (1) United States $ 587 $ 608 $ 177 Macao: The Venetian Macao 1,503 1,337 1,415 The Londoner Macao 4,086 3,796 4,085 The Parisian Macao 1,591 1,665 1,789 The Plaza Macao and Four Seasons Macao 844 896 975 Sands Macao 170 169 180 Ferry Operations and Other 23 29 41 8,217 7,892 8,485 Singapore: Marina Bay Sands 5,121 5,141 4,891 Other 70 47 26 Total long-lived assets $ 13,995 $ 13,688 $ 13,579 _________________________ (1) Long-lived assets include property and equipment, net of accumulated depreciation and amortization, and leasehold interests in land, net of accumulated amortization.

Selected Quarterly Financial Re

Selected Quarterly Financial Results (Unaudited)	12 Months Ended
	Dec. 31, 2024
Quarterly Financial Information Disclosure [Abstract]
Selected Quarterly Financial Results (Unaudited)	Selected Quarterly Financial Results (Unaudited) Quarter First Second Third Fourth Total (In millions, except per share data) 2024 Net revenues $ 2,959 $ 2,761 $ 2,682 $ 2,896 $ 11,298 Operating income 717 591 504 590 2,402 Net income 583 424 353 392 1,752 Net income attributable to Las Vegas Sands Corp. 494 353 275 324 1,446 Basic earnings per share 0.66 0.48 0.38 0.45 1.97 Diluted earnings per share 0.66 0.48 0.38 0.45 1.96 2023 Net revenues $ 2,120 $ 2,542 $ 2,795 $ 2,915 $ 10,372 Operating income 378 537 688 710 2,313 Net income 145 368 449 469 1,431 Net income attributable to Las Vegas Sands Corp. 147 312 380 382 1,221 Basic earnings per share 0.19 0.41 0.50 0.50 1.60 Diluted earnings per share 0.19 0.41 0.50 0.50 1.60 Because earnings per share amounts are calculated using the weighted average number of common and dilutive common equivalent shares outstanding during each quarter, the sum of the per share amounts for the four quarters may not equal the total earnings per share amounts for the respective year.

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2024
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts	SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS LAS VEGAS SANDS CORP. AND SUBSIDIARIES For the Years Ended December 31, 2024, 2023 and 2022 Description Balance at Provision Write-offs, Balance (In millions) Provision for credit losses: 2022 $ 232 15 (30) $ 217 2023 $ 217 4 (20) $ 201 2024 $ 201 $ 19 (34) $ 186 Description Balance at Additions Deductions Balance (In millions) Deferred income tax asset valuation allowance: 2022 $ 5,034 63 (1,014) $ 4,083 2023 $ 4,083 — (204) $ 3,879 2024 $ 3,879 5 (1,108) $ 2,776

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net income (loss) attributable to parent	$ 324	$ 275	$ 353	$ 494	$ 382	$ 380	$ 312	$ 147	$ 1,446	$ 1,221	$ 1,832

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	12 Months Ended
	Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Cybersecurity Risk Management a

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	We, together with our third-party vendors, employ information technology including networks, systems, and applications to support our business processes and decision-making across the Company. Our information technology is connected to support the flow of information across our business processes. As such, our information technology infrastructure is susceptible to cybersecurity threats. We maintain detailed technology and cybersecurity programs to manage information security risk within the Company. We rely on both proprietary and commercially available systems, software, and tools to protect and monitor the processing, transmission, and storage of Company data and both customer and team member information. The objectives of our programs are to: • protect the confidentiality, integrity, and availability of data, • protect against anticipated threats, • protect against unauthorized access to our information technology systems, • safeguard assets, and • maintain resiliency and recovery plans regarding Company informational technology. To meet these objectives and oversee the programs, we employ a Chief Information Security Officer (“CISO”). The CISO has over 28 years of cybersecurity experience, 26 years of cybersecurity leadership experience, an MBA in Information Systems, a Master of Science degree in operational analysis, a bachelor’s degree in operations research and holds a Cyber Risk Oversight Certificate from the National Association of Corporate Directors and is a Certified Information Systems Security Professional (“CISSP”). The CISO works closely with the head of information technology and the data privacy officer to collectively manage our global cybersecurity, information technology and data privacy programs. Our cybersecurity programs are informed by or aligned to the ISO/IEC 27001 security framework, an internationally recognized standard. As part of our programs, we assess our third-party vendors for relevant risks which may impact the Company.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	We, together with our third-party vendors, employ information technology including networks, systems, and applications to support our business processes and decision-making across the Company. Our information technology is connected to support the flow of information across our business processes. As such, our information technology infrastructure is susceptible to cybersecurity threats. We maintain detailed technology and cybersecurity programs to manage information security risk within the Company. We rely on both proprietary and commercially available systems, software, and tools to protect and monitor the processing, transmission, and storage of Company data and both customer and team member information. The objectives of our programs are to: • protect the confidentiality, integrity, and availability of data, • protect against anticipated threats, • protect against unauthorized access to our information technology systems, • safeguard assets, and • maintain resiliency and recovery plans regarding Company informational technology.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	Our Enterprise Risk Management (“ERM”) process, which is governed by an ERM Committee, includes a review of our cybersecurity programs. The ERM Committee, which is led by our executive vice president and chief financial officer, meets quarterly, and receives updates from the CISO on emerging risks, recent cyber risk events, and any priority risks relating to cybersecurity. We also have a Cyber & Privacy Steering (“CPS”) Committee, which meets regularly and is comprised of senior management, serving as a multi-disciplinary group for coordinating and overseeing the management of the cybersecurity and privacy programs. The Audit Committee of the Board of Directors has oversight responsibility for ERM, including the cybersecurity programs. The CISO provides regular updates on cyber security to the Audit Committee, including on the cybersecurity aspects noted by the ERM Committee and CPS Committee, and regularly meets with the Audit Committee in executive session. The presentations highlight the state of our cybersecurity and data security programs, as well as our progress on key initiatives in this area. To date, the Company has not experienced a cybersecurity threat or incident that has materially affected or is reasonably likely to materially affect the Company. The Company, however, has experienced and expects to continue to experience cyber incidents of varying degrees. See “Item 1A. — Risk Factors — Failure to maintain the integrity of our information and information systems or comply with applicable privacy and cybersecurity requirements and regulations could harm our reputation and adversely affect our business” for more detailed information on cybersecurity risks and the potential impacts.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Audit Committee of the Board of Directors has oversight responsibility for ERM, including the cybersecurity programs. The CISO provides regular updates on cyber security to the Audit Committee, including on the cybersecurity aspects noted by the ERM Committee and CPS Committee, and regularly meets with the Audit Committee in executive session. The presentations highlight the state of our cybersecurity and data security programs, as well as our progress on key initiatives in this area.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	The CISO provides regular updates on cyber security to the Audit Committee, including on the cybersecurity aspects noted by the ERM Committee and CPS Committee, and regularly meets with the Audit Committee in executive session. The presentations highlight the state of our cybersecurity and data security programs, as well as our progress on key initiatives in this area.
Cybersecurity Risk Role of Management [Text Block]	The ERM Committee, which is led by our executive vice president and chief financial officer, meets quarterly, and receives updates from the CISO on emerging risks, recent cyber risk events, and any priority risks relating to cybersecurity. We also have a Cyber & Privacy Steering (“CPS”) Committee, which meets regularly and is comprised of senior management, serving as a multi-disciplinary group for coordinating and overseeing the management of the cybersecurity and privacy programs
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	Our Enterprise Risk Management (“ERM”) process, which is governed by an ERM Committee, includes a review of our cybersecurity programs. The ERM Committee, which is led by our executive vice president and chief financial officer, meets quarterly, and receives updates from the CISO on emerging risks, recent cyber risk events, and any priority risks relating to cybersecurity. We also have a Cyber & Privacy Steering (“CPS”) Committee, which meets regularly and is comprised of senior management, serving as a multi-disciplinary group for coordinating and overseeing the management of the cybersecurity and privacy programs.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	To meet these objectives and oversee the programs, we employ a Chief Information Security Officer (“CISO”). The CISO has over 28 years of cybersecurity experience, 26 years of cybersecurity leadership experience, an MBA in Information Systems, a Master of Science degree in operational analysis, a bachelor’s degree in operations research and holds a Cyber Risk Oversight Certificate from the National Association of Corporate Directors and is a Certified Information Systems Security Professional (“CISSP”). The CISO works closely with the head of information technology and the data privacy officer to collectively manage our global cybersecurity, information technology and data privacy programs.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	Our Enterprise Risk Management (“ERM”) process, which is governed by an ERM Committee, includes a review of our cybersecurity programs. The ERM Committee, which is led by our executive vice president and chief financial officer, meets quarterly, and receives updates from the CISO on emerging risks, recent cyber risk events, and any priority risks relating to cybersecurity. We also have a Cyber & Privacy Steering (“CPS”) Committee, which meets regularly and is comprised of senior management, serving as a multi-disciplinary group for coordinating and overseeing the management of the cybersecurity and privacy programs.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned and majority-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires the Company to make estimates and judgments that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent assets and liabilities. Estimates are used for, but not limited to, income taxes, useful lives and impairment of property and equipment, valuation of acquired intangibles and goodwill, inventory valuation, collectability of receivables, and operating leases. These estimates and judgments are based on historical information, information currently available to the Company and on various other assumptions the Company believes to be reasonable under the circumstances. Actual results could vary from those estimates.
Cash and Cash Equivalents and Restricted Cash and Cash Equivalents	Cash and Cash Equivalents and Restricted Cash and Cash Equivalents Cash and cash equivalents consist of cash and short-term investments with original maturities of three months or less. Such investments are carried at cost, which is a reasonable estimate of their fair value. Cash equivalents are placed with high credit quality financial institutions and include cash deposits, cash held in money market funds and U.S. Treasury Bills. U.S. Treasury Bills are held-to-maturity. Cash is considered restricted when withdrawal or general use is legally restricted. The Company determines current or noncurrent classification based on the expected duration of the restriction. The Company’s restricted cash and cash equivalents includes amounts held in a separate cash deposit account as collateral for a bank guarantee and other amounts contractually reserved for various items. The estimated fair value of the Company's cash equivalents is based on level 1 inputs (quoted market prices in active markets).
Accounts Receivable and Credit Risk	Accounts Receivable and Credit Risk Accounts receivable is comprised of casino, hotel, mall and other receivables, which do not bear interest and are recorded at amortized cost. The Company extends credit to approved casino patrons following background checks and investigations of creditworthiness. Business or economic conditions, the legal enforceability of gaming debts, foreign currency control measures or other significant events in foreign countries could affect the collectability of receivables from patrons residing in these countries. Accounts receivable primarily consists of casino receivables. Other than casino receivables, there is no other concentration of credit risk with respect to accounts receivable. The Company believes the concentration of its credit risk in casino receivables is mitigated substantially by its credit evaluation process, credit policies, credit control and collection procedures, and also believes there are no concentrations of credit risk for which a provision has not been established. Although management believes the provision is adequate, it is possible the estimated amount of cash collections with respect to accounts receivable could change.
Inventories	Inventories Inventories consist primarily of food, beverage, retail products and operating supplies, which are stated at the lower of cost or net realizable value. Cost is determined by the weighted average and specific identification methods.
Loan Receivable	Loan Receivable Loan receivables are carried at the outstanding principal amount. A provision for credit loss on loan receivables is established when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. The Company determines this by considering several factors, including the credit risk and current financial condition of the borrower, the borrower’s ability to pay current obligations, historical trends and economic and market conditions. The Company performs a credit quality assessment on the loan receivable on a quarterly basis and reviews the need for an allowance under Financial Accounting Standards Board (“FASB”) Accounting Standards Update No. 2016-13. The Company evaluates the extent and impact of any credit deterioration that could affect the performance and the value of the secured property, as well as the financial and operating capability of the borrower. The Company also evaluates and considers the overall economic environment, casino and hospitality industry and geographic sub-market in which the secured property is located. Interest income is recorded on an accrual basis at the stated interest rate and is recorded in “Interest income” in the accompanying consolidated statements of operations.
Property and Equipment	Property and Equipment Property and equipment are stated at cost, net of accumulated depreciation and amortization, and accumulated impairment losses, if any. Depreciation and amortization are provided on a straight-line basis over the estimated useful lives of the assets, which do not exceed the lease term for leasehold improvements, as follows: Land improvements, building and building improvements 10 to 50 years Furniture, fixtures and equipment 3 to 20 years Leasehold improvements 3 to 15 years Transportation 5 to 20 years The estimated useful lives are based on the nature of the assets as well as current operating strategy and legal considerations, such as contractual life, and are periodically reviewed. Future events, such as property expansions, property developments, new competition or new regulations, could result in a change in the manner in which the Company uses certain assets requiring a change in the estimated useful lives of such assets. Maintenance and repairs that neither materially add to the value of the asset nor appreciably prolong its life are charged to expense as incurred. Gains or losses on disposition of property and equipment are included in the consolidated statements of operations. The Company evaluates its property and equipment and other long-lived assets for impairment in accordance with related accounting standards. For assets to be disposed of, the Company recognizes the asset to be sold at the lower of carrying value or fair value less costs of disposal. Fair value for assets to be disposed of is estimated based on comparable asset sales, solicited offers or a discounted cash flow model. Fixed assets are reviewed for impairment whenever indicators of impairment exist. Determining the recoverability of the Company's asset groups is judgmental in nature and requires the use of significant estimates and assumptions, including estimated cash flows, probability weighting of potential scenarios, costs to complete construction for assets under development, growth rates and future market conditions, among others. Future changes to the Company's estimates and assumptions based upon changes in macro-economic factors, regulatory environments, operating results or management's intentions may result in future changes to the recoverability of these asset groups. Gaming Assets under the Macao Concession As the Company continues to operate the Gaming Assets, as defined in “Note 7 — Property and Equipment, Net,” in the same manner as under the previous subconcession, obtain substantially all of the economic benefits and bear all of the risks arising from the use of these assets, as well as assumes VML will be successful in being awarded a new concession upon expiry of the current concession, the Company continues to recognize these Gaming Assets as property and equipment over their remaining estimated useful lives.
Leasehold Interests in Land	Leasehold Interests in Land Leasehold interests in land represent payments for the use of land over an extended period of time. The leasehold interests in land are amortized on a straight-line basis over the expected term of the related lease agreements.
Goodwill	Goodwill
Intangible Assets other than Goodwill	Intangible Assets other than Goodwill The Company's intangible assets other than goodwill consist primarily of finite-lived intangible assets, including its Macao gaming concession and Singapore gaming license. Finite-lived intangible assets are amortized over the shorter of their contractual terms or estimated useful lives.
Lessee, leases	Leases Management determines if a contract is, or contains, a lease at inception or modification of a contract. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period in exchange for consideration. Control over the use of the identified asset means the lessee has both (a) the right to obtain substantially all of the economic benefits from the use of the asset and (b) the right to direct the use of the asset. Finance and operating lease right-of-use (“ROU”) assets and liabilities are recognized based on the present value of future minimum lease payments over the expected lease term at commencement date. As the implicit rate is not determinable in most of the Company’s leases, management uses the Company’s incremental borrowing rate based on the information available at commencement date in determining the present value of future payments. The expected lease terms include options to extend or terminate the lease when it is reasonably certain the Company will exercise such option. Lease expense for minimum lease payments is recognized on a straight-line basis over the expected lease term. The Company’s lease arrangements have lease and non-lease components. For leases in which the Company is the lessee, the Company accounts for the lease components and non-lease components as a single lease component for all classes of underlying assets (primarily real estate). Leases in which the Company is the lessor are substantially all accounted for as operating leases and the lease components and non-lease components are accounted for separately. Leases with an expected term of 12 months or less are not accounted for on the balance sheet and the related lease expense is recognized on a straight-line basis over the expected lease term.
Lessor, leases	Leases Management determines if a contract is, or contains, a lease at inception or modification of a contract. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period in exchange for consideration. Control over the use of the identified asset means the lessee has both (a) the right to obtain substantially all of the economic benefits from the use of the asset and (b) the right to direct the use of the asset. Finance and operating lease right-of-use (“ROU”) assets and liabilities are recognized based on the present value of future minimum lease payments over the expected lease term at commencement date. As the implicit rate is not determinable in most of the Company’s leases, management uses the Company’s incremental borrowing rate based on the information available at commencement date in determining the present value of future payments. The expected lease terms include options to extend or terminate the lease when it is reasonably certain the Company will exercise such option. Lease expense for minimum lease payments is recognized on a straight-line basis over the expected lease term. The Company’s lease arrangements have lease and non-lease components. For leases in which the Company is the lessee, the Company accounts for the lease components and non-lease components as a single lease component for all classes of underlying assets (primarily real estate). Leases in which the Company is the lessor are substantially all accounted for as operating leases and the lease components and non-lease components are accounted for separately. Leases with an expected term of 12 months or less are not accounted for on the balance sheet and the related lease expense is recognized on a straight-line basis over the expected lease term.
Capitalized Interest and Internal Costs	Capitalized Interest and Internal Costs
Deferred Financing Costs and Original Issue Discounts	Deferred Financing Costs and Original Issue Discounts Certain direct and incremental costs and discounts incurred in obtaining loans are capitalized and amortized to interest expense based on the terms of the related debt instruments using the effective interest method.
Revenue Recognition	Revenue Recognition Revenue from contracts with customers primarily consists of casino wagers, room sales, food and beverage transactions, rental income from the Company’s mall tenants, convention sales and entertainment and ferry ticket sales. These contracts can be written, oral or implied by customary business practices. Gross casino revenue is the aggregate of gaming wins and losses. The commissions rebated to gaming promoters and premium players for rolling play, cash discounts and other cash incentives to patrons related to gaming play are recorded as a reduction to gross casino revenue. Gaming contracts include a performance obligation to honor the patron’s wager and typically include a performance obligation to provide a product or service to the patron on a complimentary basis to incentivize gaming or in exchange for points earned under the Company’s loyalty programs. For wagering contracts that include complimentary products and services provided by the Company to incentivize gaming, the Company allocates the relative stand-alone selling price of each product and service to the respective revenue type. Complimentary products or services provided under the Company's control and discretion, which are supplied by third parties, are recorded as an operating expense. For wagering contracts that include products and services provided to a patron in exchange for points earned under the Company’s loyalty programs, the Company allocates the estimated fair value of the points earned to the loyalty program liability. The loyalty program liability is a deferral of revenue until redemption occurs. Upon redemption of loyalty program points for Company-owned products and services, the stand-alone selling price of each product or service is allocated to the respective revenue type. For redemptions of points with third parties, the redemption amount is deducted from the loyalty program liability and paid directly to the third party. Any discounts received by the Company from the third party in connection with this transaction are recorded to other revenue. After allocation to the other revenue types for products and services provided to patrons as part of a wagering contract, the residual amount is recorded to casino revenue as soon as the wager is settled. As all wagers have similar characteristics, the Company accounts for its gaming contracts collectively on a portfolio basis versus an individual basis. Hotel revenue recognition criteria are met at the time of occupancy. Food and beverage revenue recognition criteria are met at the time of service. Convention revenues are recognized when the related service is rendered or the event is held. Deposits for future hotel occupancy, convention space or food and beverage services contracts are recorded as deferred revenue until the revenue recognition criteria are met. Cancellation fees for convention contracts are recognized upon cancellation by the customer and are included in other revenues. Ferry and entertainment revenue recognition criteria are met at the completion of the ferry trip or event, respectively. Revenue from contracts with a combination of these services is allocated pro rata based on each service’s relative stand-alone selling price. Revenue from leases is primarily recorded to mall revenue and is generated from base rents and overage rents received through long-term leases with retail tenants. Base rent, adjusted for contractual escalations, is recognized on a straight-line basis over the term of the related lease. Overage rent is paid by a tenant when its sales exceed an agreed upon minimum amount and is not recognized by the Company until the threshold is met. Contract and Contract Related Liabilities The Company provides numerous products and services to its customers. There is often a timing difference between the cash payment by the customers and recognition of revenue for each of the associated performance obligations. The Company has the following main types of liabilities associated with contracts with customers: (1) outstanding chip liability, (2) loyalty program liability and (3) customer deposits and other deferred revenue for gaming and non-gaming products and services yet to be provided. The outstanding chip liability represents the collective amounts owed to patrons in exchange for gaming chips in their possession. Outstanding chips are expected to be recognized as revenue or redeemed for cash within one year of being purchased. The loyalty program liability represents a deferral of revenue until patron redemption of points earned. The loyalty program points are expected to be redeemed and recognized as revenue within one year of being earned. Customer deposits and other deferred revenue represent cash deposits made by customers for future services provided by the Company. With the exception of mall deposits, which typically extend beyond a year based on the terms of the lease, the majority of these customer deposits and other deferred revenue are expected to be recognized as revenue or refunded to the customer within one year of the date the deposit was recorded.
Gaming Taxes	Gaming Taxes
Pre-Opening and Development Expenses	Pre-Opening and Development Expenses The Company accounts for costs incurred in the development and pre-opening phases of new ventures in accordance with accounting standards regarding start-up activities. Pre-opening expenses represent personnel and other costs incurred prior to the opening of new ventures and are expensed as incurred. Development expenses include the costs associated with the Company's evaluation and pursuit of new business opportunities, which are also expensed as incurred.
Advertising Costs	Advertising Costs
Corporate Expenses	Corporate Expenses Corporate expense represents payroll, travel, legal fees, professional fees and various other expenses not allocated or directly related to the Company's Integrated Resort operations and related ancillary operations.
Foreign Currency	Foreign Currency The functional currency of most of the Company's foreign subsidiaries is the local currency in which the subsidiary operates. Balance sheet accounts are translated at the exchange rate in effect at each balance sheet date and income statement accounts are translated at the average exchange rates during the year. Translation adjustments resulting from this process are recorded to other comprehensive income (loss). Gains or losses from foreign currency remeasurements that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in “Other income (expense).”
Earnings (Loss) Per Share	Earnings (Loss) Per Share The weighted average number of common and common equivalent shares used in the calculation of basic and diluted earnings (loss) per share consisted of the following: Year Ended December 31, 2024 2023 2022 (In millions) Weighted average common shares outstanding (used in the calculation of basic earnings (loss) per share) 735 763 764 Potential dilution from stock options and restricted stock and stock units 2 2 — Weighted average common and common equivalent shares (used in the calculation of diluted earnings (loss) per share) 737 765 764 Antidilutive stock options excluded from the calculation of diluted earnings (loss) per share 10 6 15
Stock-Based Employee Compensation	Stock-Based Compensation Stock-based compensation cost is measured at the grant date, based on the calculated fair value of the award, and is recognized over the employee's requisite service period (generally the vesting period of the equity grant). The Company's stock-based compensation plans are more fully discussed in “Note 18 — Stock-Based Compensation.”
Income Taxes	Income Taxes The Company is subject to income taxes in the U.S. (including federal and state) and numerous foreign jurisdictions in which it operates. The Company records income taxes under the asset and liability method, whereby deferred tax assets and liabilities are recognized based on the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, and attributable to operating loss and tax credit carryforwards. Accounting standards regarding income taxes require a reduction of the carrying amounts of deferred tax assets by a valuation allowance, if based on the available evidence, it is “more-likely-than-not” such assets will not be realized. Accordingly, the need to establish valuation allowances for deferred tax assets is assessed at each reporting period based on a “more-likely-than-not” realization threshold. This assessment considers, among other matters, the nature, frequency and severity of current and cumulative losses, forecasts of future profitability, the duration of statutory carryforward periods, the Company's experience with operating loss and tax credit carryforwards not expiring and tax planning strategies. Management will reassess the realization of deferred tax assets at each reporting period and consider the scheduled reversal of deferred tax liabilities, sources of taxable income and tax planning strategies. To the extent the financial results of these operations improve and it becomes “more-likely-than-not” the deferred tax assets are realizable, the Company will be able to reduce the valuation allowance in the period such determination is made as appropriate. Significant judgment is required in evaluating the Company's tax positions and determining its provision for income taxes. During the ordinary course of business, there are transactions for which the ultimate tax determination is uncertain. The Company considers many factors when evaluating and estimating its tax positions and tax benefits, which may require periodic adjustments and for which actual outcomes may be different.
Fair Value Measurement	Fair Value Measurements Under applicable accounting guidance, fair value is defined as the exit price, or the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date. Applicable accounting guidance also establishes a valuation hierarchy for inputs in measuring fair value that maximizes the use of observable inputs (inputs market participants would use based on market data obtained from sources independent of the Company) and minimizes the use of unobservable inputs (inputs that reflect the Company's assumptions based upon the best information available in the circumstances) by requiring the most observable inputs be used when available. Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 inputs are quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs (other than quoted prices) that are observable for the assets or liabilities, either directly or indirectly. Level 3 inputs are unobservable inputs for the assets or liabilities. Categorization within the hierarchy is based upon the lowest level of input that is significant to the fair value measurement.
Accounting for Derivative Instruments and Hedging Activities	Accounting for Derivative Instruments and Hedging Activities Accounting standards require an entity to recognize all derivatives as either assets or liabilities in the balance sheet and measure those instruments at fair value. If specific conditions are met, a derivative may be designated as a hedge of specific financial exposures. The accounting for changes in fair value of a derivative depends on the intended use of the derivative and, if used in hedging activities, on its effectiveness as a hedge. In order to qualify for hedge accounting, the underlying hedged item must expose the Company to risks associated with market fluctuations and the financial instrument used must be designated as a hedge and must reduce the Company's exposure to market fluctuation throughout the hedge period. Additionally, the Company has elected to present derivative assets and liabilities with the same counterparty, where appropriate, on a net basis in the accompanying consolidated balance sheets.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company’s management has evaluated all of the recently issued, but not yet effective, accounting standards that have been issued or proposed by the FASB or other standards-setting bodies through the filing date of these financial statements and does not believe the future adoption of any such pronouncements will have a material effect on the Company’s financial position, results of operations and cash flows. New Pronouncements Adopted In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , which enhances reportable segment disclosure requirements primarily through expanded disclosures around significant segment expenses. The amendments are effective for fiscal years beginning after December 15, 2023, and for interim periods within fiscal years beginning after December 15, 2024. The amendments should be applied retrospectively to all prior periods presented in the financial statements. The Company adopted the new accounting pronouncement on January 1, 2024. The adoption of this guidance did not have an effect on the Company’s financial position, results of operations and cash flows. See “Note 20 — Segment Information” for additional disclosures. New Pronouncements Issued In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures , which includes amendments that further enhance income tax disclosures, primarily through standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. The amendments are effective for the Company's annual periods beginning January 1, 2025, with early adoption permitted, and may be applied either prospectively or retrospectively. The Company is assessing the guidance, noting the adoption impacts disclosure only. In November 2024, the FASB issued ASU 2024-03, Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40) . Additionally, in January 2025, the FASB issued ASU 2025-01 to clarify the effective date of ASU 2024-03. The standard provides guidance to expand disclosures related to the disaggregation of income statement expenses. The standard requires, in the notes to the financial statements, disclosure of specified information about certain costs and expenses, which includes purchases of inventory, employee compensation, depreciation and intangible asset amortization included in each relevant expense caption. This guidance is effective for fiscal years beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027, on a retrospective or prospective basis, with early adoption permitted. The Company is assessing the guidance, noting the adoption impacts disclosure only.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Estimated Useful Lives of Assets	Depreciation and amortization are provided on a straight-line basis over the estimated useful lives of the assets, which do not exceed the lease term for leasehold improvements, as follows: Land improvements, building and building improvements 10 to 50 years Furniture, fixtures and equipment 3 to 20 years Leasehold improvements 3 to 15 years Transportation 5 to 20 years
Contract and Contract Related Liabilities	The following table summarizes the liability activity related to contracts with customers: Outstanding Chip Liability Loyalty Program Liability Customer Deposits and Other Deferred Revenue (1) 2024 2023 2024 2023 2024 2023 (In millions) Balance at January 1 $ 135 $ 81 $ 45 $ 72 $ 690 $ 614 Balance at December 31 112 135 38 45 763 690 Increase (decrease) $ (23) $ 54 $ (7) $ (27) $ 73 $ 76 ____________________ (1) Of this amount, $175 million, $167 million and $149 million as of December 31, 2024 and 2023 and January 1, 2023, respectively, relates to mall deposits that are accounted for based on lease terms usually greater than one year.
Weighted Average Number of Common and Common Equivalent Shares Used in Calculation of Basic and Diluted Earnings (Loss) Per Share	The weighted average number of common and common equivalent shares used in the calculation of basic and diluted earnings (loss) per share consisted of the following: Year Ended December 31, 2024 2023 2022 (In millions) Weighted average common shares outstanding (used in the calculation of basic earnings (loss) per share) 735 763 764 Potential dilution from stock options and restricted stock and stock units 2 2 — Weighted average common and common equivalent shares (used in the calculation of diluted earnings (loss) per share) 737 765 764 Antidilutive stock options excluded from the calculation of diluted earnings (loss) per share 10 6 15

Discontinued Operations (Tables

Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations	The following table represents summarized income statement information of discontinued operations: Year Ended December 31, 2022 (1) Revenues: Casino $ 61 Rooms 78 Food and beverage 43 Convention, retail and other 46 Net revenues 228 Resort operations expenses 107 Provision for credit losses 3 General and administrative 55 Operating income 63 Interest expense (2) Other expense (3) Income from operations of discontinued operations 58 Gain on disposal of discontinued operations 3,611 Adjustment to gain on disposal of discontinued operations (2) (9) Income from discontinued operations, before income tax 3,660 Income tax expense (762) Net income from discontinued operations presented in the statement of operations $ 2,898 Adjusted Property EBITDA $ 63 __________________________ (1) Includes the Las Vegas Operations financial results for the period from January 1, 2022 through February 22, 2022. (2) Primarily relates to the finalization of the working capital adjustment pursuant to the terms of the related agreements.

Accounts Receivable, Net (Table

Accounts Receivable, Net (Tables)	12 Months Ended
	Dec. 31, 2024
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Accounts Receivable	Accounts receivable consists of the following: December 31, 2024 2023 (In millions) Casino $ 462 $ 483 Rooms 28 33 Mall 63 126 Other 50 43 603 685 Less — provision for credit losses (186) (201) $ 417 $ 484
Accounts Receivable, Provision for Credit Losses	The following table shows the movement in the provision for credit losses recognized for accounts receivable that occurred during the period: 2024 2023 (In millions) Balance at January 1 $ 201 $ 217 Current period provision for credit losses 19 4 Write-offs (31) (21) Recoveries of receivables previously written-off 1 — Exchange rate impact (4) 1 Balance at December 31 $ 186 $ 201

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	12 Months Ended
	Dec. 31, 2024
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and equipment consists of the following: December 31, 2024 2023 (In millions) Land and improvements $ 756 $ 593 Building and improvements 16,411 16,211 Furniture, fixtures, equipment and leasehold improvements 5,556 4,847 Transportation 476 504 Construction in progress 629 491 23,828 22,646 Less — accumulated depreciation and amortization (11,835) (11,207) $ 11,993 $ 11,439

Leasehold Interests in Land, _2

Leasehold Interests in Land, Net (Tables)	12 Months Ended
	Dec. 31, 2024
Leasehold Interests In Land, Net [Abstract]
Leasehold Interests in Land	Leasehold interests in land consist of the following: December 31, 2024 2023 (In millions) Marina Bay Sands $ 1,969 $ 2,028 The Londoner Macao 290 290 The Venetian Macao 236 235 The Plaza Macao and Four Seasons Macao 106 105 The Parisian Macao 88 88 Sands Macao 36 35 Nassau Coliseum — 154 2,725 2,935 Less — accumulated amortization (723) (686) $ 2,002 $ 2,249

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, Net (Tables)	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill	Goodwill and intangible assets consist of the following: December 31, 2024 2023 (In millions) Amortizable intangible assets: Macao concession $ 500 $ 497 Marina Bay Sands gaming license 52 54 552 551 Less — accumulated amortization (147) (81) 405 470 Technology, software and other 38 25 Total amortizable intangible assets, net 443 495 Goodwill 102 103 Total goodwill and intangible assets, net $ 545 $ 598

Other Accrued Liabilities (Tabl

Other Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2024
Accounts Payable and Accrued Liabilities, Current [Abstract]
Other Accrued Liabilities	Other accrued liabilities consist of the following: December 31, 2024 2023 (In millions) Customer deposits $ 608 $ 543 Payroll and related 382 370 Taxes and licenses 316 389 Accrued interest payable 193 184 Outstanding chip liability 112 135 Other accruals 374 327 $ 1,985 $ 1,948

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Schedule of Debt	Debt consists of the following: December 31, 2024 2023 (In millions except face amounts) Corporate and U.S. Related (1) : LVSC Senior Notes $1.75 billion 3.200% Senior Notes due August 2024 (net of unamortized original issue discount and deferred financing costs of $2) $ — $ 1,748 $500 million 2.900% Senior Notes due June 2025 (net of unamortized original issue discount and deferred financing costs of nil and $1, respectively) 500 499 $1.0 billion 3.500% Senior Notes due August 2026 (net of unamortized original issue discount and deferred financing costs of $3 and $5, respectively) 997 995 $750 million 5.900% Senior Notes due June 2027 (net of unamortized original issue discount and deferred financing costs of $5) 745 — $500 million 6.000% Senior Notes due August 2029 (net of unamortized original issue discount and deferred financing costs of $5) 495 — $750 million 3.900% Senior Notes due August 2029 (net of unamortized original issue discount and deferred financing costs of $5 and $6, respectively) 745 744 $500 million 6.200% Senior Notes due August 2034 (net of unamortized original issue discount and deferred financing costs of $5) 495 — Other (2) 115 — Macao Related (1) : SCL Senior Notes $1.80 billion 5.125% Senior Notes due August 2025 (net of unamortized original issue discount and deferred financing costs of $1 and $4, respectively) 1,624 1,796 $800 million 3.800% Senior Notes due January 2026 (net of unamortized original issue discount and deferred financing costs of $2 and $4, respectively) 798 796 $700 million 2.300% Senior Notes due March 2027 (net of unamortized original issue discount and deferred financing cost of $3 and $5, respectively) 697 695 $1.90 billion 5.400% Senior Notes due August 2028 (net of unamortized original issue discount and deferred financing costs of $9 and $11, respectively) 1,891 1,889 $650 million 2.850% Senior Notes due March 2029 (net of unamortized original issue discount and deferred financing cost of $5) 645 645 $700 million 4.375% Senior Notes due June 2030 (net of unamortized original issue discount and deferred financing costs of $6 and $7, respectively) 694 693 $600 million 3.250% Senior Notes due August 2031 (net of unamortized original issue discount and deferred financing cost of $4 and $5, respectively) 596 595 Other (2) 12 19 Singapore Related (1) : 2012 Singapore Term Facility (net of unamortized deferred financing costs of $12 and $24, respectively) 2,656 2,867 Singapore Delayed Draw Term Facility 46 47 Other (2) 1 1 13,752 14,029 Less — current maturities (3,160) (1,900) Total debt $ 10,592 $ 12,129 ____________________ (1) Unamortized deferred financing costs of $76 million and $59 million as of December 31, 2024 and 2023, respectively, related to the Company's revolving credit facilities and the undrawn portion of the Singapore Delayed Draw Term Facility are included in “Other assets, net” and “Prepaid expenses and other” in the accompanying consolidated balance sheets. (2) Includes finance leases related to the U.S., Macao and Singapore of $115 million, $12 million and $1 million as of December 31, 2024, respectively, and related to Macao of $18 million as of December 31, 2023.
Cash Flows from Financing Activities Related to Debt and Finance Lease Obligations	Cash flows from financing activities related to debt and finance lease obligations are as follows: Year Ended December 31, 2024 2023 2022 (In millions) Proceeds from LVSC Senior Notes $ 1,748 $ — $ — Proceeds from 2018 SCL Credit Facility — — 1,200 $ 1,748 $ — $ 1,200 Repayment on LVSC Senior Notes $ (1,750) $ — $ — Repurchase of SCL Senior Notes (174) — — Repayments on 2018 SCL Credit Facility — (1,948) — Repayments on 2012 Singapore Credit Facility (139) (62) (60) Repayments on Other Debt (11) (59) (6) $ (2,074) $ (2,069) $ (66)
Maturities of Debt	Maturities of debt outstanding (excluding finance leases) as of December 31, 2024, are summarized as follows: Debt (In millions) 2025 $ 3,152 2026 3,487 2027 1,450 2028 1,900 2029 1,900 Thereafter 1,800 Total $ 13,689

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2024
Equity [Abstract]
Rollforward of Common Stock	A summary of the outstanding shares of common stock is as follows: Balance as of January 1, 2022 763,989,752 Issuance of restricted stock 46,448 Vesting of restricted stock units 211,083 Balance as of December 31, 2022 764,247,283 Exercise of stock options 77,856 Issuance of restricted stock 17,166 Vesting of restricted stock units 233,654 Forfeiture of restricted stock (5,806) Repurchase of common stock (11,121,497) Balance as of December 31, 2023 753,448,656 Exercise of stock options 20,000 Issuance of restricted stock 4,019 Vesting of restricted stock units 379,840 Repurchase of common stock (37,552,614) Balance as of December 31, 2024 716,299,901
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net	The following table summarizes the net income attributable to LVSC and transfers from the noncontrolling interest, which shows the effects of changes in the Company’s ownership interest in a subsidiary on the equity attributable to the Company: Year Ended December 31, 2024 2023 2022 (In millions) Net income attributable to LVSC $ 1,446 $ 1,221 $ 1,832 Transfer from noncontrolling interest: Increase in LVSC’s paid-in-capital for purchase of subsidiary shares 12 — — Changes from net income attributable to LVSC and transfers from noncontrolling interest $ 1,458 $ 1,221 $ 1,832

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Income (Loss) Before Income Taxes and Noncontrolling Interests	ncome (loss) before income taxes and noncontrolling interests for domestic and foreign operations is as follows: Year Ended December 31, 2024 2023 2022 (In millions) Foreign $ 2,129 $ 1,889 $ (1,090) Domestic (169) (114) (297) Total income (loss) from continuing operations before income taxes $ 1,960 $ 1,775 $ (1,387)
Components of Income Tax (Benefit) Expense	The components of the income tax expense from continuing operations are as follows: Year Ended December 31, 2024 2023 2022 (In millions) Foreign: Current $ 181 $ 261 $ 136 Deferred 6 32 (21) Federal: Current 23 39 20 Deferred (2) 12 19 Total income tax expense $ 208 $ 344 $ 154
Effective Income Tax Rate Reconciliation	The reconciliation of the statutory federal income tax rate and the Company's effective tax rate for continuing operations is as follows: Year Ended December 31, 2024 2023 2022 Statutory federal income tax rate 21.0 % 21.0 % (21.0) % Increase (decrease) in tax rate resulting from: Foreign and U.S. tax rate differential (7.1) % (6.5) % 9.0 % Tax exempt (income) loss of foreign subsidiary (10.7) % (4.2) % 4.5 % Change in valuation allowance 3.3 % 4.0 % 15.8 % Other, net 4.1 % 5.1 % 2.8 % Effective tax rate 10.6 % 19.4 % 11.1 %
Components of Deferred Tax Assets and Liabilities	The primary tax affected components of the Company's net deferred tax liabilities are as follows: December 31, 2024 2023 (In millions) Deferred tax assets: U.S. foreign tax credit carryforwards $ 2,531 $ 3,575 Net operating loss carryforwards 320 401 Research and development 29 22 Stock-based compensation 9 18 Accrued expenses 14 12 Pre-opening expenses 21 5 Provision for credit losses 1 1 Other 2 3 2,927 4,037 Less — valuation allowances (2,776) (3,879) Total deferred tax assets 151 158 Deferred tax liabilities: Property and equipment (213) (219) Prepaid expenses (2) (2) Other (2) (3) Total deferred tax liabilities (217) (224) Deferred tax liabilities, net $ (66) $ (66)
Schedule of Unrecognized Tax Benefits Roll Forward	A reconciliation of the beginning and ending amounts of unrecognized tax benefits, is as follows: December 31, 2024 2023 2022 (In millions) Balance at the beginning of the year $ 141 $ 136 $ 136 Reductions to tax positions related to prior years — (3) (15) Additions to tax positions related to current year 8 8 15 Exchange rate fluctuations (1) — — Balance at the end of the year (1) $ 148 $ 141 $ 136 ____________________ (1)

Fair Value Measures and Disclos

Fair Value Measures and Disclosures (Tables)	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value, by Balance Sheet Grouping	The following table presents the carrying amounts and estimated fair values of financial instruments held or issued by the Company as of December 31, 2024 and 2023, using available market information. Determining fair value is judgmental in nature and requires market assumptions and/or estimation methodologies. The table excludes cash, restricted cash, accounts receivable, net, and accounts payable, all of which had fair values approximating their carrying amounts due to the short maturities and liquidity of these instruments. December 31, 2024 Hierarchy Level Carrying Amount (1) Level 1 Level 2 (in millions) Assets: Cash equivalents Cash deposits $ 2,294 $ 2,294 Money market funds 72 72 U.S. Treasury Bills 465 465 Loan Receivable (2) 1,264 $ 1,192 Liabilities: Debt (3)(4) 13,689 13,353 Cross-currency swaps (3) 56 56 December 31, 2023 Hierarchy Level Carrying Amount (1) Level 1 Level 2 (in millions) Assets: Cash equivalents Cash deposits $ 2,153 $ 2,153 Money market funds 52 52 U.S. Treasury Bills 1,124 1,124 Loan Receivable (2) 1,194 $ 1,130 Liabilities: Debt (3)(4) 14,090 13,526 Cross-currency swaps (3) 3 3 __________________ (1) The cross-currency swaps are accounted for at fair value in the accompanying consolidated financial statements. The other items included in this table are not accounted for at fair value. (2) The fair value is estimated based on level 2 inputs and reflects the increase in market interest rates since finalizing the terms of the loan receivable at a fixed interest rate on March 2, 2021. (3) The estimated fair value is based on recent trades, if available, and indicative pricing from market information (level 2 inputs). (4) The carrying amount of debt is exclusive of finance leases and represents its contractual value.

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2024
Leases [Abstract]
Lessee, Assets and Liabilities	Leases recorded on the balance sheet consist of the following (excluding the leasehold interests in land assets classified as operating leases; see “Note 8 — Leasehold Interests in Land, Net”): December 31, Leases Classification on the Balance Sheet 2024 2023 (In millions) Assets Operating lease ROU assets Other assets, net $ 48 $ 53 Finance lease ROU assets Property and equipment, net (1) $ 167 $ 5 Liabilities Current Operating Other accrued liabilities $ 16 $ 19 Finance Current maturities of Debt $ 10 $ 9 Noncurrent Operating Other long-term liabilities $ 172 $ 252 Finance Debt $ 118 $ 9 ____________________ (1) Finance lease ROU assets are recorded net of accumulated amortization of $27 million and $23 million as of December 31, 2024 and 2023, respectively.
Lessee, Other Lease Information	Other information related to lease term and discount rate is as follows: December 31, 2024 2023 Weighted Average Remaining Lease Term Operating leases 26.7 years 26.6 years Finance leases 40.0 years 2.1 years Weighted Average Discount Rate Operating leases 5.0 % 5.0 % Finance leases 5.3 % 6.3 %
Lessee, Lease Cost Components	The components of lease expense are as follows: December 31, 2024 2023 2022 (In millions) Operating lease cost: Amortization of leasehold interests in land $ 58 $ 56 $ 55 Operating lease cost 16 14 21 Short-term lease cost 4 5 4 Variable lease cost 12 11 2 Finance lease cost: Amortization of leasehold interests in land 2 2 — Amortization of ROU assets 3 4 5 Interest on lease liabilities 3 6 1 Total lease cost $ 98 $ 98 $ 88
Lessee, Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases is as follows: December 31, 2024 2023 2022 (In millions) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 24 $ 17 $ 14 Financing cash flows for finance leases $ 9 $ 57 $ 4 Right-of-use assets obtained in exchange for lease liabilities: Operating leases $ 11 $ 194 $ 8 Finance leases $ 167 $ 1 $ 1
Lessee, Finance Lease Liability, Maturity	Maturities of lease liabilities are summarized as follows: Operating Leases Finance Leases (In millions) Year ending December 31, 2025 $ 18 $ 12 2026 17 3 2027 15 4 2028 13 6 2029 7 6 Thereafter 277 332 Total future minimum lease payments 347 363 Less — amount representing interest (159) (235) Present value of future minimum lease payments 188 128 Less — current lease obligations (16) (10) Long-term lease obligations $ 172 $ 118
Lessee, Operating Lease Liability, Maturity	Maturities of lease liabilities are summarized as follows: Operating Leases Finance Leases (In millions) Year ending December 31, 2025 $ 18 $ 12 2026 17 3 2027 15 4 2028 13 6 2029 7 6 Thereafter 277 332 Total future minimum lease payments 347 363 Less — amount representing interest (159) (235) Present value of future minimum lease payments 188 128 Less — current lease obligations (16) (10) Long-term lease obligations $ 172 $ 118
Lessor, Lease Revenue Components	Lease revenue consists of the following: Year Ended December 31, 2024 2023 2022 Mall Other Mall Other Mall Other (In millions) Minimum rents $ 548 $ 1 $ 503 $ 1 $ 484 $ 1 Overage rents 104 — 166 — 78 — Rent concessions (1) — — — — (70) — Total overage rents and rent concessions 104 — 166 — 8 — $ 652 $ 1 $ 669 $ 1 $ 492 $ 1 ___________________ (1) Rent concessions were provided to tenants during the year ended December 31, 2022 as a result of the COVID-19 pandemic and the impact on mall operations.
Lessor, Future Minimum Rentals	Future minimum rentals (excluding the escalated contingent rent clauses) on non-cancelable leases are as follows: Mall Other (In millions) Year ending December 31, 2025 $ 529 $ 2 2026 441 1 2027 356 1 2028 256 1 2029 183 1 Thereafter 178 — Total minimum future rentals $ 1,943 $ 6
Lessor, Leased Property and Equipment	The cost and accumulated depreciation of property and equipment the Company is leasing to third parties is as follows: December 31, 2024 2023 (In millions) Property and equipment, at cost $ 1,570 $ 1,573 Accumulated depreciation (829) (773) Property and equipment, net $ 741 $ 800

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Black-Scholes Option-Pricing Model Weighted Average Assumptions	The fair value of each option grant was estimated on the grant date using the Black-Scholes option-pricing model with the following weighted average assumptions: Year Ended December 31, 2024 2023 2022 LVSC Amended 2004 Plan: Weighted average volatility 25.1 % 26.1 % 26.0 % Expected term (in years) 8.0 8.4 6.3 Risk-free rate 4.1 % 4.0 % 2.1 % Expected dividend yield 1.7 % 1.7 % — % SCL Equity Plan: Weighted average volatility — % — % 43.7 % Expected term (in years) — — 7.2 Risk-free rate — % — % 2.7 % Expected dividend yield — % — % — %
Summary of Stock Option Activity for Company's Equity Award Plans	A summary of the stock option activity for the Company's equity award plans for the year ended December 31, 2024, is presented below: Shares Weighted Weighted Aggregate LVSC Amended 2004 Plan: Outstanding as of January 1, 2024 14,914,378 $ 48.04 Granted 6,824 47.93 Exercised (20,000) 33.17 Forfeited or expired (2,335,586) 56.62 Outstanding as of December 31, 2024 12,565,616 $ 46.47 5.46 $ 97 Exercisable as of December 31, 2024 10,434,635 $ 47.07 5.03 $ 81 SCL Equity Plan: Outstanding as of January 1, 2024 44,325,350 $ 4.84 Forfeited or expired (4,982,800) 6.80 Outstanding as of December 31, 2024 39,342,550 $ 4.59 3.33 $ 1 Exercisable as of December 31, 2024 36,042,550 $ 4.80 2.94 $ —
Summary of Unvested Restricted Stock and Unvested Restricted Stock Units	A summary of the unvested restricted stock and restricted stock units under the Company's equity award plans for the year ended December 31, 2024, is presented below: Shares Weighted LVSC Amended 2004 Plan: Unvested Restricted Stock Balance as of January 1, 2024 17,166 $ 61.15 Granted 21,185 47.20 Vested (17,166) 61.15 Balance as of December 31, 2024 21,185 $ 47.20 Unvested Restricted Stock Units Balance as of January 1, 2024 880,640 $ 54.14 Granted 1,168,501 50.40 Vested (462,752) 52.10 Forfeited (1,215) 61.65 Balance as of December 31, 2024 1,585,174 $ 51.92 SCL Equity Plan: Unvested Restricted Stock Units Balance as of January 1, 2024 17,890,996 $ 2.98 Granted 14,788,400 2.66 Vested (10,677,260) 3.00 Forfeited (678,708) 2.64 Balance as of December 31, 2024 21,323,428 $ 2.76
Stock-Based Compensation Activity, Summary	The stock-based compensation activity for the Amended 2004 Plan and SCL Equity Plan is as follows for the three years ended December 31, 2024: Year Ended December 31, 2024 2023 2022 (Dollars in millions, except weighted average grant date fair values) Compensation expense: Stock options $ 20 $ 21 $ 24 Restricted stock and stock units 58 51 46 $ 78 $ 72 $ 70 Income tax benefit recognized in the consolidated statements of operations $ 4 $ 3 $ 2 Compensation cost capitalized as part of property and equipment $ 1 $ 1 $ 2 LVSC Amended 2004 Plan: Stock options granted 6,824 510,157 1,730,000 Weighted average grant date fair value $ 14.65 $ 15.58 $ 12.74 Restricted stock granted 21,185 17,166 46,448 Weighted average grant date fair value $ 47.20 $ 61.15 $ 30.14 Restricted stock units granted 1,168,501 577,636 123,497 Weighted average grant date fair value $ 50.40 $ 57.77 $ 42.55 Stock options exercised: Intrinsic value $ — $ 1 $ — Cash received $ 1 $ 3 $ — SCL Equity Plan: Stock options granted — — 3,300,000 Weighted average grant date fair value $ — $ — $ 1.13 Restricted stock units granted 14,788,400 6,792,000 9,393,200 Weighted average grant date fair value $ 2.66 $ 3.44 $ 2.32 Stock options exercised: Intrinsic value $ — $ — $ — Cash received $ — $ 1 $ —
Stock-Based Compensation Activity, Arrangements by Share-based Payment Award	The stock-based compensation activity for the Amended 2004 Plan and SCL Equity Plan is as follows for the three years ended December 31, 2024: Year Ended December 31, 2024 2023 2022 (Dollars in millions, except weighted average grant date fair values) Compensation expense: Stock options $ 20 $ 21 $ 24 Restricted stock and stock units 58 51 46 $ 78 $ 72 $ 70 Income tax benefit recognized in the consolidated statements of operations $ 4 $ 3 $ 2 Compensation cost capitalized as part of property and equipment $ 1 $ 1 $ 2 LVSC Amended 2004 Plan: Stock options granted 6,824 510,157 1,730,000 Weighted average grant date fair value $ 14.65 $ 15.58 $ 12.74 Restricted stock granted 21,185 17,166 46,448 Weighted average grant date fair value $ 47.20 $ 61.15 $ 30.14 Restricted stock units granted 1,168,501 577,636 123,497 Weighted average grant date fair value $ 50.40 $ 57.77 $ 42.55 Stock options exercised: Intrinsic value $ — $ 1 $ — Cash received $ 1 $ 3 $ — SCL Equity Plan: Stock options granted — — 3,300,000 Weighted average grant date fair value $ — $ — $ 1.13 Restricted stock units granted 14,788,400 6,792,000 9,393,200 Weighted average grant date fair value $ 2.66 $ 3.44 $ 2.32 Stock options exercised: Intrinsic value $ — $ — $ — Cash received $ — $ 1 $ —
Stock-Based Compensation Activity, Allocation of Period Costs	The stock-based compensation activity for the Amended 2004 Plan and SCL Equity Plan is as follows for the three years ended December 31, 2024: Year Ended December 31, 2024 2023 2022 (Dollars in millions, except weighted average grant date fair values) Compensation expense: Stock options $ 20 $ 21 $ 24 Restricted stock and stock units 58 51 46 $ 78 $ 72 $ 70 Income tax benefit recognized in the consolidated statements of operations $ 4 $ 3 $ 2 Compensation cost capitalized as part of property and equipment $ 1 $ 1 $ 2 LVSC Amended 2004 Plan: Stock options granted 6,824 510,157 1,730,000 Weighted average grant date fair value $ 14.65 $ 15.58 $ 12.74 Restricted stock granted 21,185 17,166 46,448 Weighted average grant date fair value $ 47.20 $ 61.15 $ 30.14 Restricted stock units granted 1,168,501 577,636 123,497 Weighted average grant date fair value $ 50.40 $ 57.77 $ 42.55 Stock options exercised: Intrinsic value $ — $ 1 $ — Cash received $ 1 $ 3 $ — SCL Equity Plan: Stock options granted — — 3,300,000 Weighted average grant date fair value $ — $ — $ 1.13 Restricted stock units granted 14,788,400 6,792,000 9,393,200 Weighted average grant date fair value $ 2.66 $ 3.44 $ 2.32 Stock options exercised: Intrinsic value $ — $ — $ — Cash received $ — $ 1 $ —

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Schedule Of Segment Reporting Information	The Company's segment information as of and for the years ended December 31, 2024, 2023 and 2022, is as follows: The Venetian Macao The Londoner Macao The Parisian Macao The Plaza Macao and Four Seasons Macao Sands Macao Ferry Operations and Other Total Macao Marina Bay Sands Inter-company Royalties Total (In millions) Year Ended December 31, 2024 Casino $ 2,282 $ 1,462 $ 740 $ 572 $ 290 $ — $ 5,346 $ 2,957 $ — $ 8,303 Rooms 210 302 137 107 18 — 774 500 — 1,274 Food and beverage 64 92 62 31 11 — 260 347 — 607 Mall 230 77 27 158 1 — 493 262 — 755 Convention, retail and other 38 51 7 4 2 98 200 159 — 359 Net revenues 2,824 1,984 973 872 322 98 7,073 4,225 — 11,298 Intersegment revenues 7 — — — — 27 34 5 250 289 Net revenues before intersegment eliminations 2,831 1,984 973 872 322 125 7,107 4,230 250 11,587 Less: Payroll and related expenses 413 355 194 106 90 41 1,199 677 — 1,876 Gaming taxes 1,073 775 365 347 134 — 2,694 751 — 3,445 Other expenses (1) 252 311 117 98 42 67 887 750 250 1,887 Segment expenses 1,738 1,441 676 551 266 108 4,780 2,178 250 7,208 Segment/Consolidated adjusted property EBITDA 1,093 543 297 321 56 17 2,327 2,052 — 4,379 Other Operating Costs and Expenses Stock-based compensation (2) (27) Corporate (290) Pre-opening (14) Development (228) Depreciation and amortization (1,308) Amortization of leasehold interests in land (60) Loss on disposal or impairment of assets (50) Operating income 2,402 Other Non-Operating Costs and Expenses Interest income 275 Interest expense, net of amounts capitalized (727) Other income 10 Income tax expense (208) Net income $ 1,752 The Venetian Macao The Londoner Macao The Parisian Macao The Plaza Macao and Four Seasons Macao Sands Macao Ferry Operations and Other Total Macao Marina Bay Sands Inter-company Royalties Total (In millions) Year Ended December 31, 2023 Casino $ 2,151 $ 1,283 $ 655 $ 462 $ 290 $ — $ 4,841 $ 2,681 $ — $ 7,522 Rooms 191 324 135 94 17 — 761 443 — 1,204 Food and beverage 63 86 49 30 12 — 240 344 — 584 Mall 227 66 32 187 1 — 513 254 — 767 Convention, retail and other 43 33 8 6 2 80 172 123 — 295 Net revenues 2,675 1,792 879 779 322 80 6,527 3,845 — 10,372 Intersegment revenues 7 — — — — 25 32 4 224 260 Net revenues before intersegment eliminations 2,682 1,792 879 779 322 105 6,559 3,849 224 10,632 Less: Payroll and related expenses 380 330 187 102 93 35 1,127 617 — 1,744 Gaming taxes 1,012 672 317 276 134 — 2,411 652 — 3,063 Other expenses (1) 236 274 106 93 36 52 797 719 224 1,740 Segment expenses 1,628 1,276 610 471 263 87 4,335 1,988 224 6,547 Segment/Consolidated adjusted property EBITDA 1,054 516 269 308 59 18 2,224 1,861 — 4,085 Other Operating Costs and Expenses Stock-based compensation (2) (29) Corporate (230) Pre-opening (15) Development (205) Depreciation and amortization (1,208) Amortization of leasehold interests in land (58) Loss on disposal or impairment of assets (27) Operating income 2,313 Other Non-Operating Costs and Expenses Interest income 288 Interest expense, net of amounts capitalized (818) Other expense (8) Income tax expense (344) Net income $ 1,431 The Venetian Macao The Londoner Macao The Parisian Macao The Plaza Macao and Four Seasons Macao Sands Macao Ferry Operations and Other Total Macao Marina Bay Sands Inter-company Royalties Total (In millions) Year Ended December 31, 2022 Casino $ 438 $ 194 $ 116 $ 146 $ 53 $ — $ 947 $ 1,680 $ — $ 2,627 Rooms 55 61 33 29 6 — 184 285 — 469 Food and beverage 17 26 10 10 4 — 67 234 — 301 Mall 154 47 25 127 1 — 354 226 — 580 Convention, retail and other 11 22 4 1 1 6 45 88 — 133 Net revenues 675 350 188 313 65 6 1,597 2,513 — 4,110 Intersegment revenues 7 — — — — 23 30 3 107 140 Net revenues before intersegment eliminations 682 350 188 313 65 29 1,627 2,516 107 4,250 Less: Payroll and related expenses 342 281 172 90 90 32 1,007 516 — 1,523 Gaming taxes 226 115 63 82 29 — 515 420 — 935 Other expenses (1) 139 143 56 60 27 4 429 524 107 1,060 Segment expenses 707 539 291 232 146 36 1,951 1,460 107 3,518 Segment/Consolidated adjusted property EBITDA (25) (189) (103) 81 (81) (7) (324) 1,056 — 732 Other Operating Costs and Expenses Stock-based compensation (2) (33) Corporate (235) Pre-opening (13) Development (143) Depreciation and amortization (1,036) Amortization of leasehold interests in land (55) Loss on disposal or impairment of assets (9) Operating income (792) Other Non-Operating Costs and Expenses Interest income 116 Interest expense, net of amounts capitalized (702) Other expense (9) Income tax expense (154) Net income $ (1,541) _________________________ (1) Consists of gaming and non-gaming operating expenses and selling, general and administrative expenses of each segment. (2) During the years ended December 31, 2024, 2023 and 2022, the Company recorded stock-based compensation expense of $78 million, $72 million and $70 million, respectively, of which $51 million, $43 million and $37 million, respectively, was included in corporate expense in the accompanying consolidated statements of operations. December 31, 2024 2023 2022 (In millions) Capital Expenditures Corporate and Other $ 40 $ 200 $ 60 Macao: The Venetian Macao 262 71 52 The Londoner Macao 545 132 175 The Parisian Macao 39 9 3 The Plaza Macao and Four Seasons Macao 14 15 9 Sands Macao 16 6 4 Ferry Operations and Other 3 — — 879 233 243 Marina Bay Sands 648 584 348 Total capital expenditures $ 1,567 $ 1,017 $ 651 December 31, 2024 2023 2022 (In millions) Total Assets Corporate and Other $ 3,353 $ 5,167 $ 5,422 Macao: The Venetian Macao 2,806 2,548 2,135 The Londoner Macao 4,665 4,193 4,489 The Parisian Macao 1,710 1,802 1,828 The Plaza Macao and Four Seasons Macao 987 1,059 1,020 Sands Macao 253 287 208 Ferry Operations and Other 719 335 870 11,140 10,224 10,550 Marina Bay Sands 6,173 6,387 6,067 Total assets $ 20,666 $ 21,778 $ 22,039 December 31, 2024 2023 2022 (In millions) Total Long-Lived Assets (1) United States $ 587 $ 608 $ 177 Macao: The Venetian Macao 1,503 1,337 1,415 The Londoner Macao 4,086 3,796 4,085 The Parisian Macao 1,591 1,665 1,789 The Plaza Macao and Four Seasons Macao 844 896 975 Sands Macao 170 169 180 Ferry Operations and Other 23 29 41 8,217 7,892 8,485 Singapore: Marina Bay Sands 5,121 5,141 4,891 Other 70 47 26 Total long-lived assets $ 13,995 $ 13,688 $ 13,579 _________________________ (1) Long-lived assets include property and equipment, net of accumulated depreciation and amortization, and leasehold interests in land, net of accumulated amortization.

Selected Quarterly Financial _2

Selected Quarterly Financial Results (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2024
Quarterly Financial Information Disclosure [Abstract]
Selected Quarterly Financial Results (Unaudited)	Quarter First Second Third Fourth Total (In millions, except per share data) 2024 Net revenues $ 2,959 $ 2,761 $ 2,682 $ 2,896 $ 11,298 Operating income 717 591 504 590 2,402 Net income 583 424 353 392 1,752 Net income attributable to Las Vegas Sands Corp. 494 353 275 324 1,446 Basic earnings per share 0.66 0.48 0.38 0.45 1.97 Diluted earnings per share 0.66 0.48 0.38 0.45 1.96 2023 Net revenues $ 2,120 $ 2,542 $ 2,795 $ 2,915 $ 10,372 Operating income 378 537 688 710 2,313 Net income 145 368 449 469 1,431 Net income attributable to Las Vegas Sands Corp. 147 312 380 382 1,221 Basic earnings per share 0.19 0.41 0.50 0.50 1.60 Diluted earnings per share 0.19 0.41 0.50 0.50 1.60

Organization and Business of _2

Organization and Business of Company (Details) m² in Thousands, ft² in Thousands, MOP$ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2024 MOP (MOP$)	Dec. 31, 2024 USD ($) ft² a m² Seat Room floor hotel_tower	Dec. 31, 2023 USD ($)	Feb. 07, 2025	Jan. 07, 2025
Macao [Member] | Macao Concession [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Gaming concession period	10 years	10 years
Financial concession commitment	MOP$ 35800	$ 4,480
Non-gaming financial concession commitment	MOP$ 33360	$ 4,170
Total spend incurred to date | $			$ 168
Macao [Member] | Cotai Strip [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of property (in acres) | a		140
Macao [Member] | The Venetian Macao [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of floors | floor		39
Number of hotel rooms | Room		2,905
Macao [Member] | The Venetian Macao [Member] | Casino [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of real estate property		503
Macao [Member] | The Venetian Macao [Member] | Arena [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of seats | Seat		14,000
Macao [Member] | The Venetian Macao [Member] | Theater [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of seats | Seat		1,800
Macao [Member] | The Venetian Macao [Member] | Retail And Dining Space [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of real estate property		952
Macao [Member] | The Venetian Macao [Member] | Meetings, Incentives, Conferences and Exhibition Facilities [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of real estate property		1,200
Macao [Member] | The Londoner Macao [Member] | Casino [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of real estate property		400
Macao [Member] | The Londoner Macao [Member] | Arena [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of seats | Seat		6,000
Macao [Member] | The Londoner Macao [Member] | Theater [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of seats | Seat		1,701
Macao [Member] | The Londoner Macao [Member] | Retail [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of real estate property		566
Macao [Member] | The Londoner Macao [Member] | Meetings, Incentives, Conferences and Exhibition Facilities [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of real estate property		358
Macao [Member] | The Londoner Macao [Member] | Londoner Court [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of hotel rooms | Room		368
Macao [Member] | The Londoner Macao [Member] | St. Regis Tower [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of hotel rooms | Room		400
Macao [Member] | The Londoner Macao [Member] | Conrad [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of hotel rooms | Room		659
Macao [Member] | The Londoner Macao [Member] | The Londoner Macao Hotel [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of hotel rooms | Room		594
Macao [Member] | The Londoner Macao [Member] | Suites at David Beckham [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of hotel rooms | Room		14
Macao [Member] | The Londoner Macao [Member] | Phase II [Member] | Scenario, Plan [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Expected cost to complete | $		$ 1,200
Macao [Member] | The Londoner Macao [Member] | Londoner Grand
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of newly renovated suites		300
Macao [Member] | The Londoner Macao [Member] | Londoner Grand | Scenario, Plan [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of newly renovated suites		2,405
Macao [Member] | The Londoner Macao [Member] | First Londoner Grand Hotel Tower [Member] | Scenario, Plan [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of hotel rooms | Room		1,382
Macao [Member] | The Londoner Macao [Member] | Second Londoner Grand Hotel Tower [Member] | Scenario, Plan [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of hotel rooms | Room		1,023
Macao [Member] | The Parisian Macao [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of hotel rooms | Room		2,541
Macao [Member] | The Parisian Macao [Member] | Casino [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of real estate property		272
Macao [Member] | The Parisian Macao [Member] | Theater [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of seats | Seat		1,200
Macao [Member] | The Parisian Macao [Member] | Retail And Dining Space [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of real estate property		297
Macao [Member] | The Parisian Macao [Member] | Meetings, Incentives, Conferences and Exhibition Facilities [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of real estate property		62
Macao [Member] | The Plaza Macao [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of hotel rooms | Room		360
Macao [Member] | The Plaza Macao [Member] | Casino [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of real estate property		108
Macao [Member] | The Plaza Macao [Member] | Paiza Mansion [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of hotel rooms | Room		19
Macao [Member] | The Plaza Macao [Member] | Retail [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of real estate property		262
Macao [Member] | The Plaza Macao [Member] | The Grand Suites at Four Seasons Macao [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of hotel rooms | Room		289
Macao [Member] | Sands Macao [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of hotel rooms | Room		289
Macao [Member] | Sands Macao [Member] | Casino [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of real estate property		176
Macao [Member] | Las Vegas Sands Corp. [Member] | Sands China Ltd. [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Ownership interest in Sands China Ltd., percentage		72.13%
Macao [Member] | Las Vegas Sands Corp. [Member] | Sands China Ltd. [Member] | Subsequent Event [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Ownership interest in Sands China Ltd., percentage				72.29%	72.29%
Singapore [Member] | Marina Bay Sands [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of floors | floor		55
Number of hotel rooms | Room		2,600
Number of towers | hotel_tower		3
Singapore [Member] | Marina Bay Sands [Member] | Scenario, Plan [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of newly renovated suites		1,844
Additional gaming area to be purchased | m²		2
Total approved gaming area | m²		17
Singapore [Member] | Marina Bay Sands [Member] | Casino [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of real estate property		162
Singapore [Member] | Marina Bay Sands [Member] | Retail, Dining And Entertainment Space [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of real estate property		616
Singapore [Member] | Marina Bay Sands [Member] | Meetings, Incentives, Conferences and Exhibition Facilities [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Area of real estate property		1,200
Singapore [Member] | Marina Bay Sands [Member] | MBS Expansion Project [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Costs incurred to date, development costs | $		$ 1,360
Singapore [Member] | Marina Bay Sands [Member] | MBS Expansion Project [Member] | Theater [Member] | Scenario, Plan [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of seats | Seat		15,000
Singapore [Member] | Marina Bay Sands [Member] | Tower 1 and Tower 2 [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Costs incurred, total development costs | $		$ 1,000
Singapore [Member] | Marina Bay Sands [Member] | Tower 3 [Member] | Scenario, Plan [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Expected cost to complete | $		750
Singapore [Member] | Marina Bay Sands [Member] | MBS Expansion Project and Additional Gaming Area | Scenario, Plan [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Expected cost to complete | $		8,000
Total cost for Additional Gaming Area and changes to MBS Expansion Project gross floor area | $		1,000
Total cost for Additional Gaming Area and changes to MBS Expansion Project gross floor area to be paid in Q1 2025 | $		$ 850

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Estimated Useful Lives of Assets (Details)	Dec. 31, 2024
Land Improvements, Building and Building Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of assets	10 years
Land Improvements, Building and Building Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of assets	50 years
Furniture, Fixtures and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of assets	3 years
Furniture, Fixtures and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of assets	20 years
Leasehold Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of assets	3 years
Leasehold Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of assets	15 years
Transportation [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of assets	5 years
Transportation [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of assets	20 years

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Capitalized interest expense	$ 14	$ 7	$ 4
Capitalized internal costs	56	53	42
Gaming taxes	3,445	3,063	935
Advertising costs	$ 34	$ 47	$ 29

Summary of Significant Accoun_6

Summary of Significant Accounting Policies Summary of Significant Accounting Policies - Contract and Contract Related Liabilities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Outstanding Chip Liability [Member]
Contract and Contract Related Liabilities [Line Items]
Contract and contract related, liability	$ 112	$ 135	$ 81
Change in contract and contract related liabilities	(23)	54
Loyalty Program Liability [Member]
Contract and Contract Related Liabilities [Line Items]
Contract and contract related, liability	38	45	72
Change in contract and contract related liabilities	(7)	(27)
Customer Deposits and Other Deferred Revenue [Member]
Contract and Contract Related Liabilities [Line Items]
Contract and contract related, liability	763	690	614
Change in contract and contract related liabilities	73	76
Mall [Member] | Customer Deposits and Other Deferred Revenue [Member]
Contract and Contract Related Liabilities [Line Items]
Contract and contract related, liability	$ 175	$ 167	$ 149

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Weighted Average Number of Common and Common Equivalent Shares Used in Calculation of Basic and Diluted Earnings Per Share (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Weighted average shares outstanding:
Weighted average common shares outstanding (used in the calculation of basic earnings (loss) per share) (in shares)	735	763	764
Potential dilution from stock options and restricted stock and stock units (in shares)	2	2	0
Weighted average common and common equivalent shares (used in the calculation of diluted earnings (loss) per share) (in shares)	737	765	764
Antidilutive stock options excluded from the calculation of diluted earnings (loss) per share (in shares)	10	6	15

Discontinued Operations Additio

Discontinued Operations Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Feb. 23, 2022
Income Statement and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Statutory federal income tax rate	21%	21%	21%
United States [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member]
Income Statement and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Statutory federal income tax rate	21%
Las Vegas Operating Properties [Member] | United States [Member]
Income Statement and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income taxes paid			$ 612
Discontinued Operations, Disposed of by Sale [Member] | United States [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member]
Income Statement and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Statutory federal income tax rate			21%
Discontinued Operations, Disposed of by Sale [Member] | Las Vegas Operating Properties [Member]
Income Statement and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued operation held for sale, consideration				$ 6,250
Disposal group, including discontinued operation, cash consideration				5,050
Disposal group, including discontinued operation, working capital adjustments				77
Discontinued operation, gain (loss) from disposal of discontinued operation, before income tax			$ 3,600
Discontinued operation, tax effect of gain (loss) from disposal of discontinued operation			$ 750
Effective tax rate			20.80%
Discontinued operation, hypothetical accrued income tax payable			$ 804
Discontinued Operations, Disposed of by Sale [Member] | Las Vegas operating assets and liabilities [Member] | Las Vegas Operating Properties [Member]
Income Statement and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, including discontinued operation, cash consideration				1,050
Disposal group, including discontinued operation, consideration, seller financing				1,200
Discontinued Operations, Disposed of by Sale [Member] | Las Vegas real estate and real estate related assets [Member] | Las Vegas Operating Properties [Member]
Income Statement and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, including discontinued operation, cash consideration				$ 4,000

Discontinued Operations (Detail

Discontinued Operations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Statement and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net income (loss) from discontinued operations	$ 0	$ 0	$ 2,898
Discontinued Operations, Disposed of by Sale [Member] | Las Vegas Operating Properties [Member]
Income Statement and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenues			228
Resort operations expenses			107
Provision for credit losses			3
General and administrative			55
Operating income (loss)			63
Interest expense			(2)
Other expense			(3)
Income from operations of discontinued operations			58
Gain on disposal of discontinued operations			3,611
Adjustment to gain on disposal of discontinued operations(2)			(9)
Income from discontinued operations, before income tax			3,660
Income tax expense			(762)
Net income (loss) from discontinued operations			2,898
Disposal group, including discontinued operation, adjusted property EBITDA			63
Discontinued Operations, Disposed of by Sale [Member] | Casino [Member] | Las Vegas Operating Properties [Member]
Income Statement and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenues			61
Discontinued Operations, Disposed of by Sale [Member] | Rooms [Member] | Las Vegas Operating Properties [Member]
Income Statement and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenues			78
Discontinued Operations, Disposed of by Sale [Member] | Food and Beverage [Member] | Las Vegas Operating Properties [Member]
Income Statement and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenues			43
Discontinued Operations, Disposed of by Sale [Member] | Convention, Retail and Other [Member] | Las Vegas Operating Properties [Member]
Income Statement and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenues			$ 46

Loan Receivable (Details)

Loan Receivable (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Feb. 23, 2022
Loans and Leases Receivable Disclosure [Line Items]
Term of loan receivable				6 years
Loans receivable, gross				$ 1,200,000,000
Loans receivable, stated interest rate for cash payments, year one and two				1.50%
Loans receivable, stated interest rate for cash payments, year three through six				4.25%
Loans receivable, increase in stated interest rate for payment-in-kind, year one and two				1%
Loans receivable, increase in stated interest rate for payment-in-kind, year three				1.50%
Paid-in-kind interest income	$ 71,000,000	$ 30,000,000	$ 15,000,000
Proceeds from loan receivable	0	0	50,000,000
Loans Receivable [Member]
Loans and Leases Receivable Disclosure [Line Items]
Provision for credit loss on loan receivable	0
Paid-in-kind interest income	70,000,000	29,000,000	15,000,000
Interest Income [Member]
Loans and Leases Receivable Disclosure [Line Items]
Interest income on loan receivable	$ 70,000,000	$ 29,000,000	$ 21,000,000

Restricted Cash and Cash Equi_2

Restricted Cash and Cash Equivalents (Details) - Dec. 07, 2022 $ in Millions, MOP$ in Billions	USD ($)	MOP (MOP$)
Macao [Member] | Venetian Macau Limited [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Bank guarantee required for term of concession	$ 125	MOP$ 1.0

Accounts Receivable, Net (Detai

Accounts Receivable, Net (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Accounts Receivable [Line Items]
Accounts receivable, gross	$ 603	$ 685
Less - provision for credit losses	(186)	(201)
Accounts receivable, net	417	484
Exchange rate impact	(4)	1
Casino [Member]
Accounts Receivable [Line Items]
Accounts receivable, gross	462	483
Rooms [Member]
Accounts Receivable [Line Items]
Accounts receivable, gross	28	33
Mall [Member]
Accounts Receivable [Line Items]
Accounts receivable, gross	63	126
Other [Member]
Accounts Receivable [Line Items]
Accounts receivable, gross	$ 50	$ 43

Accounts Receivable, Net - Prov

Accounts Receivable, Net - Provision for Credit Losses Rollforward (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 201	$ 217
Current period provision for credit losses	19	4	$ 15
Write-offs	(31)	(21)
Recoveries of receivables previously written-off	1	0
Exchange rate impact	(4)	1
Ending balance	$ 186	$ 201	$ 217

Property and Equipment, Net (De

Property and Equipment, Net (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Property and equipment, at cost	$ 23,828	$ 22,646
Less — accumulated depreciation and amortization	(11,835)	(11,207)
Property and equipment, net	11,993	11,439
Land and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, at cost	756	593
Building and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, at cost	16,411	16,211
Furniture, Fixtures, Equipment And Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, at cost	5,556	4,847
Transportation [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, at cost	476	504
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, at cost	$ 629	$ 491

Property and Equipment, Net - A

Property and Equipment, Net - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Loss on disposal or impairment of assets	$ 50	$ 27	$ 9
Gain (loss) on disposition and demolition costs of property, plant and equipment			3
Depreciation expense	1,240	1,140	1,010
Aircraft Parts [Member]
Property, Plant and Equipment [Line Items]
Gain (loss) on disposition of property plant equipment			$ 4
Corporate and Other [Member]
Property, Plant and Equipment [Line Items]
Loss on disposal or impairment of assets	9
Macao [Member]
Property, Plant and Equipment [Line Items]
Loss on disposal or impairment of assets	32	12
Demolition costs of property, plant equipment		4
Gain (loss) on disposition and demolition costs of property, plant and equipment	28
Macao [Member] | The Parisian Macao [Member]
Property, Plant and Equipment [Line Items]
Gain (loss) on disposition of property plant equipment		8
Singapore [Member]
Property, Plant and Equipment [Line Items]
Loss on disposal or impairment of assets	$ 9	$ 14

Leasehold Interests in Land, _3

Leasehold Interests in Land, Net (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Lessee, Lease, Description [Line Items]
Leasehold interests in land, gross	$ 2,725	$ 2,935
Less — accumulated amortization	(723)	(686)
Leasehold interests in land, net	2,002	2,249
Nassau County [Member]
Lessee, Lease, Description [Line Items]
Leasehold interests in land, gross	0	154
Marina Bay Sands [Member] | Singapore [Member]
Lessee, Lease, Description [Line Items]
Leasehold interests in land, gross	1,969	2,028
The Londoner Macao [Member] | Macao [Member]
Lessee, Lease, Description [Line Items]
Leasehold interests in land, gross	290	290
The Venetian Macao [Member] | Macao [Member]
Lessee, Lease, Description [Line Items]
Leasehold interests in land, gross	236	235
The Plaza Macao [Member] | Macao [Member]
Lessee, Lease, Description [Line Items]
Leasehold interests in land, gross	106	105
The Parisian Macao [Member] | Macao [Member]
Lessee, Lease, Description [Line Items]
Leasehold interests in land, gross	88	88
Sands Macao [Member] | Macao [Member]
Lessee, Lease, Description [Line Items]
Leasehold interests in land, gross	$ 36	$ 35

Leasehold Interests in Land, _4

Leasehold Interests in Land, Net - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Lessee, Lease, Description [Line Items]
Amortization of leasehold interests in land	$ 60	$ 58	$ 55
Macao [Member]
Lessee, Lease, Description [Line Items]
Leasehold interest in land, term of contract	25 years
Leasehold interest in land, term of contract, automatic extension	10 years
Singapore [Member] | Scenario, Plan [Member] | Marina Bay Sands [Member] | MBS Expansion Project and Additional Gaming Area
Lessee, Lease, Description [Line Items]
Total cost for Additional Gaming Area and changes to MBS Expansion Project gross floor area	$ 1,000
Total cost for Additional Gaming Area and changes to MBS Expansion Project gross floor area to be paid in Q1 2025	850
Leasehold interests in land [Member]
Lessee, Lease, Description [Line Items]
Estimated future amortization expense, year one	55
Estimated future amortization expense, year two	55
Estimated future amortization expense, year three	55
Estimated future amortization expense, year four	55
Estimated future amortization expense, year five	55
Estimated future amortization expense, thereafter	$ 1,870
Leasehold interests in land [Member] | Macao [Member]
Lessee, Lease, Description [Line Items]
Leasehold interest in land, useful life	50 years
Leasehold interests in land [Member] | Singapore [Member]
Lessee, Lease, Description [Line Items]
Leasehold interest in land, useful life	60 years

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets, Net (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Schedule of Goodwill and Intangible Assets [Line Items]
Finite-lived intangible assets, net	$ 443	$ 495
Goodwill	102	103
Goodwill and intangible assets, net	545	598
Contract-Based Intangible Assets [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Finite-lived intangible assets, gross	552	551
Finite-lived intangible assets, accumulated amortization	(147)	(81)
Finite-lived intangible assets, net	405	470
Contract-Based Intangible Assets [Member] | Venetian Macau Limited [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Finite-lived intangible assets, gross	500	497
Technology-Based Intangible Assets [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Finite-lived intangible assets, gross	38	25
Marina Bay Sands [Member] | Contract-Based Intangible Assets [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Finite-lived intangible assets, gross	$ 52	$ 54

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets, Net - Additional Information (Details) $ in Millions	1 Months Ended		3 Months Ended	12 Months Ended
	Apr. 30, 2022 USD ($)	Apr. 30, 2022 SGD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2024 MOP (MOP$)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2023 MOP (MOP$)	Jun. 02, 2023 USD ($)
Schedule of Goodwill and Intangible Assets [Line Items]
Amortization of Intangible Assets				$ 68,000,000		$ 67,000,000	$ 17,000,000
Estimated future amortization expense, year one				56,000,000
Estimated future amortization expense, year two				50,000,000
Estimated future amortization expense, year three				50,000,000
Estimated future amortization expense, year four				50,000,000
Estimated future amortization expense, year five				50,000,000
Estimated future amortization expense, after year five				149,000,000
Goodwill				102,000,000		103,000,000
Nassau Coliseum [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Business combination, consideration transferred			$ 221,000,000			241,000,000	$ 20,000,000
Goodwill									$ 92,000,000
Venetian Macau Limited [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Financial liability related to Macao concession				500,000,000
Contract-Based Intangible Assets [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Finite-lived intangible assets, gross				552,000,000		551,000,000
Contract-Based Intangible Assets [Member] | Venetian Macau Limited [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Finite-lived intangible assets, gross				500,000,000		497,000,000
Marina Bay Sands [Member] | Contract-Based Intangible Assets [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Finite-lived intangible assets, gross				52,000,000		54,000,000
Macao [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Financial liability related to Macao concession				$ 500,000,000				MOP$ 4000000000
Macao [Member] | Macao Concession [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Gaming concession period				10 years	10 years
Fixed portion of premium				$ 4,000,000	MOP$ 30000000
Handover fee per square meter for period one through three				94	750
Handover fee per square meter for period four through ten				313	2,500
Annual handover fee paid				13,000,000		$ 13,000,000
Annual handover fee for 2025				13,000,000
Annual handover fee for 2026 through 2029				42,000,000
Annual handover fee for 2030 and thereafter				127,000,000
Macao [Member] | Macao Concession [Member] | Gaming Table Reserved [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Variable portion premium, per unit				37,503	300,000
Macao [Member] | Macao Concession [Member] | Gaming Table Not Reserved [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Variable portion premium, per unit				18,751	150,000
Macao [Member] | Macao Concession [Member] | Electrical Or Mechanical Gaming Machine [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Variable portion premium, per unit				125	MOP$ 1000
Macao [Member] | Contract-Based Intangible Assets [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Finite-lived intangible assets, gross				$ 500,000,000				MOP$ 4000000000
Finite-lived intangible asset, useful life				10 years
Singapore [Member] | Marina Bay Sands [Member] | Contract-Based Intangible Assets [Member]
Schedule of Goodwill and Intangible Assets [Line Items]
Finite-lived intangible asset, useful life				3 years
Payments to acquire intangible assets	$ 53,000,000	$ 72

Other Accrued Liabilities (Deta

Other Accrued Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Other Accrued Liabilities [Line Items]
Payroll and related	$ 382	$ 370
Taxes and licenses	316	389
Accrued interest payable	193	184
Other accruals	374	327
Other accrued liabilities	1,985	1,948
Customer Deposits [Member]
Other Accrued Liabilities [Line Items]
Contract and contract related, liability, current	608	543
Outstanding Chip Liability [Member]
Other Accrued Liabilities [Line Items]
Contract and contract related, liability, current	$ 112	$ 135

Derivative Instruments (Details

Derivative Instruments (Details) $ in Millions	Dec. 31, 2024 USD ($)
Cash Flow Hedging [Member] | Currency Swap [Member] | Fx Swaps | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, notional amount	$ 5,010

Schedule of Long-term Debt (Det

Schedule of Long-term Debt (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Other	$ 13,752	$ 14,029
Debt, including current maturities	13,752	14,029
Less — current maturities	(3,160)	(1,900)
Total debt	10,592	12,129
Finance lease, liability	128
Other Assets, Net and Prepaid and Other [Member]
Debt Instrument [Line Items]
Debt issuance costs, net in other assets and prepaid expenses and other	76	59
United States [Member]
Debt Instrument [Line Items]
Finance lease, liability	115
Macao [Member]
Debt Instrument [Line Items]
Finance lease, liability	12	18
Singapore [Member]
Debt Instrument [Line Items]
Finance lease, liability	1
Other [Member] | United States [Member]
Debt Instrument [Line Items]
Other	115	0
Debt, including current maturities	115	0
Other [Member] | Macao [Member]
Debt Instrument [Line Items]
Other	12	19
Debt, including current maturities	12	19
Other [Member] | Singapore [Member]
Debt Instrument [Line Items]
Other	1	1
Debt, including current maturities	1	1
Unsecured Debt [Member] | $1.75 billion 3.200% Senior Notes [Member] | United States [Member]
Debt Instrument [Line Items]
Debt	0	1,748
Debt instrument, unamortized discount and debt issuance costs, net		2
Unsecured Debt [Member] | $500 million 2.900% Senior Notes [Member] | United States [Member]
Debt Instrument [Line Items]
Debt	500	499
Debt instrument, unamortized discount and debt issuance costs, net	0	1
Unsecured Debt [Member] | $1.0 billion 3.500% Senior Notes [Member] | United States [Member]
Debt Instrument [Line Items]
Debt	997	995
Debt instrument, unamortized discount and debt issuance costs, net	3	5
Unsecured Debt [Member] | $750 million 5.900% Senior Notes [Member] | United States [Member]
Debt Instrument [Line Items]
Debt	745	0
Debt instrument, unamortized discount and debt issuance costs, net	5
Unsecured Debt [Member] | $500 million 6.000% Senior Notes [Member] | United States [Member]
Debt Instrument [Line Items]
Debt	495	0
Debt instrument, unamortized discount and debt issuance costs, net	5
Unsecured Debt [Member] | $750 million 3.900% Senior Notes [Member] | United States [Member]
Debt Instrument [Line Items]
Debt	745	744
Debt instrument, unamortized discount and debt issuance costs, net	5	6
Unsecured Debt [Member] | $500 million 6.200% Senior Notes [Member] | United States [Member]
Debt Instrument [Line Items]
Debt	495	0
Debt instrument, unamortized discount and debt issuance costs, net	5
Unsecured Debt [Member] | $1.80 billion 5.125% Senior Notes [Member] | Macao [Member]
Debt Instrument [Line Items]
Debt	1,624	1,796
Debt instrument, unamortized discount and debt issuance costs, net	1	4
Unsecured Debt [Member] | $800 million 3.800% Senior Notes [Member] | Macao [Member]
Debt Instrument [Line Items]
Debt	798	796
Debt instrument, unamortized discount and debt issuance costs, net	2	4
Unsecured Debt [Member] | $700 million 2.300% Senior Notes [Member] | Macao [Member]
Debt Instrument [Line Items]
Debt	697	695
Debt instrument, unamortized discount and debt issuance costs, net	3	5
Unsecured Debt [Member] | $1.90 billion 5.400% Senior Notes [Member] | Macao [Member]
Debt Instrument [Line Items]
Debt	1,891	1,889
Debt instrument, unamortized discount and debt issuance costs, net	9	11
Unsecured Debt [Member] | $650 million 2.850% Senior Notes [Member] | Macao [Member]
Debt Instrument [Line Items]
Debt	645	645
Debt instrument, unamortized discount and debt issuance costs, net	5	5
Unsecured Debt [Member] | $700 million 4.375% Senior Notes [Member] | Macao [Member]
Debt Instrument [Line Items]
Debt	694	693
Debt instrument, unamortized discount and debt issuance costs, net	6	7
Unsecured Debt [Member] | $600 million 3.250% Senior Notes [Member] | Macao [Member]
Debt Instrument [Line Items]
Debt	596	595
Debt instrument, unamortized discount and debt issuance costs, net	4	5
Secured Debt [Member] | 2012 Singapore Term Facility [Member] | Singapore [Member]
Debt Instrument [Line Items]
Debt	2,656	2,867
Debt instrument, unamortized discount and debt issuance costs, net	12	24
Secured Debt [Member] | Singapore Delayed Draw Term Facility [Member] | Singapore [Member]
Debt Instrument [Line Items]
Debt	$ 46	$ 47

Debt - Additional Information (

Debt - Additional Information (Details)

12 Months Ended

Oct. 23, 2024 USD ($)

Apr. 03, 2024 USD ($)

Feb. 09, 2022

Aug. 30, 2019 USD ($)

Aug. 30, 2019 USD ($)

Aug. 30, 2019 SGD ($)

Dec. 31, 2024 USD ($)

Dec. 31, 2023 USD ($)

Dec. 31, 2022

Dec. 31, 2024 HKD ($)

Dec. 31, 2024 SGD ($)

Oct. 23, 2024 HKD ($)

May 16, 2024 USD ($)

Sep. 23, 2021 USD ($)

Jun. 04, 2020 USD ($)

Nov. 25, 2019 USD ($)

Aug. 30, 2019 SGD ($)

Aug. 09, 2019 USD ($)

Jul. 31, 2019 USD ($)

Nov. 20, 2018 USD ($)

Aug. 09, 2018 USD ($)

Mar. 31, 2018 USD ($)

Mar. 31, 2018 SGD ($)

Debt Instrument [Line Items]

Long-term debt, contractual value

$ 13,689,000,000

$ 14,090,000,000

United States [Member] | Unsecured Debt [Member] | LVSC Senior Notes [Member]

Debt Instrument [Line Items]

Debt instrument, face amount (SGD converted to USD at balance sheet date)

$ 1,750,000,000

Weighted average interest rate

4.10%

3.40%

3.40%

United States [Member] | Unsecured Debt [Member] | $1.75 billion 3.200% Senior Notes [Member]

Debt Instrument [Line Items]

Debt instrument, face amount (SGD converted to USD at balance sheet date)

$ 1,750,000,000

Debt Instrument, interest rate, stated percentage

3.20%

Gain (Loss) on Extinguishment of Debt

$ 1,000,000

United States [Member] | Unsecured Debt [Member] | $500 million 2.900% Senior Notes [Member]

Debt Instrument [Line Items]

Debt instrument, face amount (SGD converted to USD at balance sheet date)

$ 500,000,000

Debt Instrument, interest rate, stated percentage

2.90%

United States [Member] | Unsecured Debt [Member] | $1.0 billion 3.500% Senior Notes [Member]

Debt Instrument [Line Items]

Debt instrument, face amount (SGD converted to USD at balance sheet date)

$ 1,000,000,000

Debt Instrument, interest rate, stated percentage

3.50%

United States [Member] | Unsecured Debt [Member] | $750 million 5.900% Senior Notes [Member]

Debt Instrument [Line Items]

Debt instrument, face amount (SGD converted to USD at balance sheet date)

$ 750,000,000

Debt Instrument, interest rate, stated percentage

5.90%

United States [Member] | Unsecured Debt [Member] | $500 million 6.200% Senior Notes [Member]

Debt Instrument [Line Items]

Debt instrument, face amount (SGD converted to USD at balance sheet date)

$ 500,000,000

Debt Instrument, interest rate, stated percentage

6.20%

United States [Member] | Unsecured Debt [Member] | $750 million 3.900% Senior Notes [Member]

Debt Instrument [Line Items]

Debt instrument, face amount (SGD converted to USD at balance sheet date)

$ 750,000,000

Debt Instrument, interest rate, stated percentage

3.90%

United States [Member] | Unsecured Debt [Member] | $500 million 6.000% Senior Notes [Member]

Debt Instrument [Line Items]

Debt instrument, face amount (SGD converted to USD at balance sheet date)

$ 500,000,000

Debt Instrument, interest rate, stated percentage

6%

United States [Member] | Unsecured Debt [Member] | LVSC Revolving Facility [Member]

Debt Instrument [Line Items]

Line of credit facility, maximum borrowing capacity (SGD converted to USD at balance sheet date)

$ 1,500,000,000

United States [Member] | Unsecured Debt [Member] | LVSC Revolving Facility - Sub-Facility [Member]

Debt Instrument [Line Items]

Line of credit facility, maximum borrowing capacity (SGD converted to USD at balance sheet date)

$ 150,000,000

United States [Member] | Unsecured Debt [Member] | 2024 LVSC Revolving Facility [Member]

Debt Instrument [Line Items]

Line of credit facility, maximum borrowing capacity (SGD converted to USD at balance sheet date)

$ 1,500,000,000

Line of credit facility, available borrowing capacity (SGD/HKD converted to USD at balance sheet date)

1,500,000,000

United States [Member] | Unsecured Debt [Member] | 2024 LVSC Revolving Facility [Member] | Minimum [Member]

Debt Instrument [Line Items]

Line of credit facility, unused capacity, commitment fee percentage

0.125%

United States [Member] | Unsecured Debt [Member] | 2024 LVSC Revolving Facility [Member] | Maximum [Member]

Debt Instrument [Line Items]

Line of credit facility, unused capacity, commitment fee percentage

0.25%

United States [Member] | Unsecured Debt [Member] | 2024 LVSC Revolving Facility [Member] | Base Rate [Member] | Minimum [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

0.125%

United States [Member] | Unsecured Debt [Member] | 2024 LVSC Revolving Facility [Member] | Base Rate [Member] | Maximum [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

0.55%

United States [Member] | Unsecured Debt [Member] | 2024 LVSC Revolving Facility [Member] | Adjusted SOFR [Member] | Minimum [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1.125%

United States [Member] | Unsecured Debt [Member] | 2024 LVSC Revolving Facility [Member] | Adjusted SOFR [Member] | Maximum [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1.55%

United States [Member] | Unsecured Debt [Member] | 2024 LVSC Revolving Facility - Sub-Facility [Member]

Debt Instrument [Line Items]

Line of credit facility, maximum borrowing capacity (SGD converted to USD at balance sheet date)

$ 150,000,000

Macao [Member] | Unsecured Debt [Member] | $1.90 billion 5.400% Senior Notes [Member]

Debt Instrument [Line Items]

Debt instrument, face amount (SGD converted to USD at balance sheet date)

$ 1,900,000,000

Debt Instrument, interest rate, stated percentage

5.40%

Macao [Member] | Unsecured Debt [Member] | $1.80 billion 5.125% Senior Notes [Member]

Debt Instrument [Line Items]

Debt instrument, face amount (SGD converted to USD at balance sheet date)

$ 1,800,000,000

Debt Instrument, interest rate, stated percentage

5.125%

Gain (Loss) on Extinguishment of Debt

(1,000,000)

Debt Instrument, repurchased face amount

175,000,000

Long-term debt, contractual value

$ 1,630,000,000

Macao [Member] | Unsecured Debt [Member] | $700 million 4.375% Senior Notes [Member]

Debt Instrument [Line Items]

Debt instrument, face amount (SGD converted to USD at balance sheet date)

$ 700,000,000

Debt Instrument, interest rate, stated percentage

4.375%

Macao [Member] | Unsecured Debt [Member] | $800 million 3.800% Senior Notes [Member]

Debt Instrument [Line Items]

Debt instrument, face amount (SGD converted to USD at balance sheet date)

$ 800,000,000

Debt Instrument, interest rate, stated percentage

3.80%

Macao [Member] | Unsecured Debt [Member] | $650 million 2.850% Senior Notes [Member]

Debt Instrument [Line Items]

Debt instrument, face amount (SGD converted to USD at balance sheet date)

$ 650,000,000

Debt Instrument, interest rate, stated percentage

2.85%

Macao [Member] | Unsecured Debt [Member] | $600 million 3.250% Senior Notes [Member]

Debt Instrument [Line Items]

Debt instrument, face amount (SGD converted to USD at balance sheet date)

$ 600,000,000

Debt Instrument, interest rate, stated percentage

3.25%

Macao [Member] | Unsecured Debt [Member] | $700 million 2.300% Senior Notes [Member]

Debt Instrument [Line Items]

Debt instrument, face amount (SGD converted to USD at balance sheet date)

$ 700,000,000

Debt Instrument, interest rate, stated percentage

2.30%

Macao [Member] | Unsecured Debt [Member] | SCL Senior Notes [Member]

Debt Instrument [Line Items]

Weighted average interest rate

4.40%

4.80%

4.60%

Macao [Member] | Unsecured Debt [Member] | 2018 SCL Revolving Facility

Debt Instrument [Line Items]

Weighted average interest rate

6.30%

4.30%

Line of credit facility, maximum borrowing capacity (SGD converted to USD at balance sheet date)

$ 2,000,000,000

Macao [Member] | Unsecured Debt [Member] | 2018 SCL Revolving Facility | Hong Kong, Dollars | Extending Lenders [Member]

Debt Instrument [Line Items]

Line of credit facility, maximum borrowing capacity (SGD converted to USD at balance sheet date)

$ 2,270,000,000

$ 17,630,000,000

Macao [Member] | Unsecured Debt [Member] | 2018 SCL Revolving Facility | United States of America, Dollars

Debt Instrument [Line Items]

Line of credit facility, available borrowing capacity (SGD/HKD converted to USD at balance sheet date)

$ 237,000,000

Macao [Member] | Unsecured Debt [Member] | 2024 SCL Revolving Facility [Member]

Debt Instrument [Line Items]

Line of credit facility, maximum borrowing capacity (SGD converted to USD at balance sheet date)

19,500,000,000

Line of credit facility, available borrowing capacity (SGD/HKD converted to USD at balance sheet date)

$ 2,510,000,000

$ 19,500,000,000

Macao [Member] | Unsecured Debt [Member] | 2024 SCL Revolving Facility [Member] | HIBOR

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

2.50%

Macao [Member] | Unsecured Debt [Member] | 2024 SCL Term Loan Facility [Member]

Debt Instrument [Line Items]

Debt instrument, unused borrowing capacity, amount

1,670,000,000

12,950,000,000

$ 12,950,000,000

Macao [Member] | Unsecured Debt [Member] | 2024 SCL Term Loan Facility [Member] | HIBOR

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1.65%

Macao [Member] | Unsecured Debt [Member] | 2024 SCL Credit Facility [Member]

Debt Instrument [Line Items]

Line of credit facility, unused capacity, commitment fee percentage

0.60%

Line of credit facility, available borrowing capacity (SGD/HKD converted to USD at balance sheet date)

$ 4,180,000,000

$ 32,450,000,000

Singapore [Member] | Secured Debt [Member] | 2012 Singapore Credit Facility [Member]

Debt Instrument [Line Items]

Debt instrument, face amount (SGD converted to USD at balance sheet date)

$ 3,530,000,000

$ 4,800,000,000

Weighted average interest rate

4.90%

5.30%

3.50%

Singapore [Member] | Secured Debt [Member] | 2012 Singapore Credit Facility [Member] | Singapore Overnight Rate Average SORA [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

0.19%

Debt instrument, interest rate, period end rate

4.43%

4.43%

4.43%

Singapore [Member] | Secured Debt [Member] | 2012 Singapore Credit Facility [Member] | Singapore Overnight Rate Average SORA [Member] | Minimum [Member]

Debt Instrument [Line Items]

Debt instrument, margin adjustment on variable rate

1.15%

Singapore [Member] | Secured Debt [Member] | 2012 Singapore Credit Facility [Member] | Singapore Overnight Rate Average SORA [Member] | Maximum [Member]

Debt Instrument [Line Items]

Debt instrument, margin adjustment on variable rate

1.85%

Singapore [Member] | Secured Debt [Member] | Singapore Delayed Draw Term Facility [Member]

Debt Instrument [Line Items]

Debt instrument, face amount (SGD converted to USD at balance sheet date)

$ 2,760,000,000

$ 2,760,000,000

$ 3,750,000,000

Debt instrument, periodic payment, principal, percentage of principal, period one

5%

Debt instrument, periodic payment, principal, percentage of principal, period two

18%

Singapore [Member] | Secured Debt [Member] | 2012 Singapore Credit Facility Revolving [Member]

Debt Instrument [Line Items]

Line of credit facility, maximum borrowing capacity (SGD converted to USD at balance sheet date)

$ 551,000,000

551,000,000

$ 750,000,000

Line of credit facility, available borrowing capacity (SGD/HKD converted to USD at balance sheet date)

$ 433,000,000

$ 588,000,000

Line of credit facility, increase (decrease), net

$ 184,000,000

$ 250,000,000

Singapore [Member] | Secured Debt [Member] | 2012 Singapore Credit Facility Revolving [Member] | Minimum [Member]

Debt Instrument [Line Items]

Line of credit facility, unused capacity, commitment fee percentage of spread

35%

Singapore [Member] | Secured Debt [Member] | 2012 Singapore Credit Facility Revolving [Member] | Maximum [Member]

Debt Instrument [Line Items]

Line of credit facility, unused capacity, commitment fee percentage of spread

40%

Singapore [Member] | Secured Debt [Member] | 2012 Singapore Term Facility [Member]

Debt Instrument [Line Items]

Debt instrument, periodic payment, principal, percentage of principal, period one

0.50%

Debt instrument, periodic payment, principal, percentage of principal, period two

3%

Debt instrument, periodic payment, principal, percentage of principal, period three

5%

Debt instrument, periodic payment, principal, percentage of principal, period four

18%

Singapore [Member] | Secured Debt [Member] | 2012 Singapore Credit Facility Revolving - Banker's Guarantee [Member]

Debt Instrument [Line Items]

Banker's guarantee

$ 113,000,000

$ 153,000,000

Debt - Additional Information F

Debt - Additional Information Financial Covenants and Credit Rating Impacts (Details) $ in Millions					12 Months Ended
	Feb. 01, 2024	Jul. 26, 2023	Jun. 16, 2022	Feb. 16, 2022	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Oct. 23, 2024 USD ($)	Apr. 03, 2024	Aug. 30, 2019
Macao [Member] | SCL Senior Notes [Member] | Unsecured Debt [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, increase (decrease)					(0.50%)
Debt instrument, annual incremental interest expense increase					$ 30	$ 16
Macao [Member] | 2024 SCL Credit Facility [Member] | Unsecured Debt [Member]
Debt Instrument [Line Items]
Minimum amount of cash required after any payments of dividends and LVSC term loan							$ 250
Macao [Member] | Minimum [Member] | 2024 SCL Credit Facility [Member] | Unsecured Debt [Member]
Debt Instrument [Line Items]
Debt instrument, ratio of adjusted EBITDA to net interest expense							2.50
Macao [Member] | Maximum [Member] | 2024 SCL Credit Facility [Member] | Unsecured Debt [Member]
Debt Instrument [Line Items]
Debt instrument, ratio of indebtedness to adjusted EBITDA							4
United States [Member] | Maximum [Member] | 2024 LVSC Revolving Facility [Member] | Unsecured Debt [Member]
Debt Instrument [Line Items]
Debt instrument, ratio of indebtedness to adjusted EBITDA								4
Singapore [Member] | Maximum [Member] | 2012 Singapore Credit Facility [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Debt instrument, ratio of indebtedness to adjusted EBITDA, period one									4.50
Debt instrument, ratio of indebtedness to adjusted EBITDA, period two									4
Standard & Poor's, BB+ Rating [Member] | Macao [Member] | SCL Senior Notes [Member] | Unsecured Debt [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, increase (decrease)				(0.25%)
Standard & Poor's, BBB- Rating [Member] | Macao [Member] | SCL Senior Notes [Member] | Unsecured Debt [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, increase (decrease)		0.25%
Fitch, BB+ Rating [Member] | Macao [Member] | SCL Senior Notes [Member] | Unsecured Debt [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, increase (decrease)			(0.25%)
Fitch, BBB- Rating [Member] | Macao [Member] | SCL Senior Notes [Member] | Unsecured Debt [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, increase (decrease)	0.25%

Debt - Cash Flows from Financin

Debt - Cash Flows from Financing Activities Related to Long-Term Debt (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Proceeds from debt	$ 1,748	$ 0	$ 1,200
Repayments of debt and finance leases	(2,074)	(2,069)	(66)
Unsecured Debt [Member] | LVSC Senior Notes [Member] | United States [Member]
Debt Instrument [Line Items]
Proceeds from debt	1,748	0	0
Repayments of debt	(1,750)	0	0
Unsecured Debt [Member] | 2018 SCL Revolving Facility | Macao [Member]
Debt Instrument [Line Items]
Proceeds from debt	0	0	1,200
Repayments of debt	0	(1,948)	0
Unsecured Debt [Member] | SCL Senior Notes [Member] | Macao [Member]
Debt Instrument [Line Items]
Repayments of debt	(174)	0	0
Secured Debt [Member] | 2012 Singapore Credit Facility [Member] | Singapore [Member]
Debt Instrument [Line Items]
Repayments of debt	(139)	(62)	(60)
Other Long-Term Debt And Finance Lease Obligations [Member] | Finance Leases And Other Long Term Debt [Member]
Debt Instrument [Line Items]
Repayments of debt and finance leases	$ (11)	$ (59)	$ (6)

Debt - Maturities of Debt (Deta

Debt - Maturities of Debt (Details) $ in Millions	Dec. 31, 2024 USD ($)
Debt Disclosure [Abstract]
Long-term debt payments, year one	$ 3,152
Long-term debt payments, year two	3,487
Long-term debt payments, year three	1,450
Long-term debt payments, year four	1,900
Long-term debt payments, year five	1,900
Long-term debt payments, thereafter	1,800
Long-term debt payments, total	$ 13,689

Equity - Additional Information

Equity - Additional Information (Details) $ / shares in Units, $ / shares in Units, $ in Millions																						1 Months Ended				12 Months Ended
	Feb. 19, 2025 USD ($)	Jan. 07, 2025 shares	Dec. 11, 2024 $ / shares shares	Dec. 04, 2024 USD ($)	Dec. 04, 2024 HKD ($)	Nov. 26, 2024 $ / shares shares	Nov. 13, 2024 $ / shares	Oct. 30, 2024 USD ($)	Oct. 30, 2024 HKD ($)	Oct. 28, 2024 $ / shares shares	Sep. 09, 2024 USD ($)	Sep. 09, 2024 HKD ($)	Sep. 05, 2024 $ / shares shares	Aug. 14, 2024 $ / shares	May 15, 2024 $ / shares	Apr. 18, 2024 $ / shares shares	Feb. 14, 2024 $ / shares	Dec. 05, 2023 USD ($)	Dec. 05, 2023 HKD ($)	Nov. 15, 2023 $ / shares	Aug. 16, 2023 $ / shares	Jan. 31, 2025 $ / shares	Jan. 07, 2025 $ / shares shares	Dec. 31, 2024 shares	Oct. 31, 2024 USD ($)	Dec. 31, 2024 USD ($) $ / shares shares	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) shares	Feb. 07, 2025	Oct. 22, 2024 USD ($)	Oct. 16, 2023 USD ($)	Oct. 31, 2022 USD ($)	Oct. 31, 2020 USD ($)	Jun. 30, 2018 USD ($)	Nov. 30, 2016 USD ($)
Class of Stock [Line Items]
Preferred stock, shares authorized | shares																								50,000,000		50,000,000	50,000,000
Common stock, dividends, per share, cash paid | $ / shares							$ 0.20							$ 0.20	$ 0.20		$ 0.20			$ 0.20	$ 0.20
Dividends, common stock, cash																										$ 591,000,000	$ 305,000,000
Common stock, dividends declared (per share) | $ / shares																										$ 0.80	$ 0.40
Repurchase of common stock																										$ 1,750,000,000	$ 505,000,000	$ 0
Share Repurchase Program, Commissions																										1,000,000
Excise tax																										17,000,000	5,000,000
Payments for capped call options																										48,000,000	0	0
Payments for unsettled contract for purchase of noncontrolling interest																										35,000,000	$ 250,000,000	$ 0
Unused portion of maximum notional amount returned																									$ 59,000,000
September 2024 Capped Call Option [Member]
Class of Stock [Line Items]
Option Indexed to Issuer's Equity, Shares | shares													1,336,210
September 2024 Capped Call Option [Member] | Minimum [Member]
Class of Stock [Line Items]
Option Indexed to Issuer's Equity, Strike Price | $ / shares													$ 0
September 2024 Capped Call Option [Member] | Maximum [Member]
Class of Stock [Line Items]
Option Indexed to Issuer's Equity, Strike Price | $ / shares													$ 39.02
December 2024 Capped Call Option [Member]
Class of Stock [Line Items]
Option Indexed to Issuer's Equity, Shares | shares			993,240
Payments for capped call options																										$ 51,000,000
December 2024 Capped Call Option [Member] | Minimum [Member]
Class of Stock [Line Items]
Option Indexed to Issuer's Equity, Strike Price | $ / shares			$ 0
December 2024 Capped Call Option [Member] | Maximum [Member]
Class of Stock [Line Items]
Option Indexed to Issuer's Equity, Strike Price | $ / shares			$ 53.54
Subsequent Event [Member]
Class of Stock [Line Items]
Common stock, dividends declared (per share) | $ / shares																						$ 0.25
Venetian Venture Development II [Member]
Class of Stock [Line Items]
Payments for unsettled contract for purchase of noncontrolling interest				$ 103,000,000	$ 800			$ 103,000,000	$ 800		$ 103,000,000	$ 800						$ 250,000,000	$ 1,950
Las Vegas Sands Corp. [Member] | Sands China Ltd. [Member] | Macao [Member]
Class of Stock [Line Items]
Subsidiary's shares, shares, acquired | shares						40,568,000				23,413,651						90,467,099								25,112,000
Purchase of subsidiary's shares, final price paid per share | $ / shares						$ 19.72				$ 14.64						$ 21.57
Ownership interest in Sands China Ltd., percentage																								72.13%		72.13%
Las Vegas Sands Corp. [Member] | Subsequent Event [Member] | Sands China Ltd. [Member] | Macao [Member]
Class of Stock [Line Items]
Subsidiary's shares, shares, acquired | shares		13,566,639																					38,678,639
Purchase of subsidiary's shares, final price paid per share | $ / shares																							$ 20.68
Ownership interest in Sands China Ltd., percentage		72.29%																					72.29%						72.29%
June 2018 Program [Member]
Class of Stock [Line Items]
Stock repurchase program, authorized amount																														$ 2,000,000,000	$ 2,000,000,000			$ 2,500,000,000	$ 1,560,000,000
Stock repurchase program, remaining authorized repurchase amount																														$ 195,000,000	$ 916,000,000	$ 916,000,000	$ 916,000,000	$ 1,110,000,000
Common stock repurchased (in shares) | shares																										37,552,614	11,121,497	0
Repurchase of common stock																										$ 1,770,000,000	$ 510,000,000
Principal Stockholders [Member]
Class of Stock [Line Items]
Common stock repurchased (in shares) | shares																											5,783,021
Repurchase of common stock																											$ 250,000,000
Retained Earnings (Loss) [Member]
Class of Stock [Line Items]
Dividends, common stock, cash																										$ 591,000,000	$ 305,000,000
Retained Earnings (Loss) [Member] | Forecast [Member]
Class of Stock [Line Items]
Dividends, common stock, cash	$ 179,000,000

Equity - Rollforward of Common

Equity - Rollforward of Common Stock (Details) - shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Increase (Decrease) in Common Stock [Roll Forward]
Common stock shares, beginning balance	753,000,000
Common stock shares, ending balance	716,000,000	753,000,000
Common Stock [Member]
Increase (Decrease) in Common Stock [Roll Forward]
Common stock shares, beginning balance	753,448,656	764,247,283	763,989,752
Exercised (in shares)	20,000	77,856
Repurchase of common stock	(37,552,614)	(11,121,497)
Common stock shares, ending balance	716,299,901	753,448,656	764,247,283
Common Stock [Member] | Restricted Stock [Member]
Increase (Decrease) in Common Stock [Roll Forward]
Issuance of restricted stock	4,019	17,166	46,448
Restricted stock award, forfeitures		(5,806)
Common Stock [Member] | Restricted Stock Units [Member]
Increase (Decrease) in Common Stock [Roll Forward]
Issuance of restricted stock	379,840	233,654	211,083

Equity and Earnings Per Share -

Equity and Earnings Per Share - Summary of Net Income Attributable to Parent and Transfers To/From Noncontrolling Interest (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Net income (loss) attributable to parent	$ 324	$ 275	$ 353	$ 494	$ 382	$ 380	$ 312	$ 147	$ 1,446	$ 1,221	$ 1,832
Changes from net income attributable to LVSC and transfers from noncontrolling interest									1,458	1,221	1,832
Sands China Ltd. [Member] | Macao [Member] | Las Vegas Sands Corp. [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Increase in LVSC’s paid-in-capital for purchase of subsidiary shares									$ 12	$ 0	$ 0

Income Taxes - Income Before In

Income Taxes - Income Before Income Taxes and Noncontrolling Interests (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income (Loss) Before Income Taxes and Noncontrolling Interest [Abstract]
Foreign	$ 2,129	$ 1,889	$ (1,090)
Domestic	(169)	(114)	(297)
Income (loss) from continuing operations before income taxes	$ 1,960	$ 1,775	$ (1,387)

Income Taxes - Components of In

Income Taxes - Components of Income Tax (Benefit) Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Foreign:
Current	$ 181	$ 261	$ 136
Deferred	6	32	(21)
Federal:
Current	23	39	20
Deferred	(2)	12	19
Total income tax expense	$ 208	$ 344	$ 154

Income Taxes - Effective Income

Income Taxes - Effective Income Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Statutory federal income tax rate	21%	21%	21%
Foreign and U.S. tax rate differential	(7.10%)	(6.50%)	(9.00%)
Tax exempt (income) loss of foreign subsidiary	(10.70%)	(4.20%)	(4.50%)
Change in valuation allowance	3.30%	4%	(15.80%)
Other, net	4.10%	5.10%	(2.80%)
Effective tax rate	10.60%	19.40%	(11.10%)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Taxes [Line Items]
Statutory federal income tax rate			21%	21%	21%
Deferred tax assets, valuation allowance			$ 2,776	$ 3,879
Unrecognized tax benefits			148	141	$ 136	$ 136
Unrecognized tax benefits, effective income tax rate impact			123	122	122
Deferred tax asset [Member]
Income Taxes [Line Items]
Unrecognized tax benefits			38	36	36
Other Long-Term Liabilities [Member]
Income Taxes [Line Items]
Unrecognized tax benefits			110	105	$ 100
U.S. Foreign Tax [Member]
Income Taxes [Line Items]
Tax credit carryforward, amount			$ 2,570	3,610
Macao [Member] | Foreign Tax Authority [Member] | Macao Finance Bureau (MFB) [Member]
Income Taxes [Line Items]
Statutory tax rate			12%
Impact on net income if no assumption of income tax exemption, amount			$ 129	$ 46
Impact on net income if no assumption of income tax exemption, diluted per share amount			$ 0.17	$ 0.06
Tax on gross gaming revenue, percent			35%
Macao [Member] | Foreign Tax Authority [Member] | Macao Finance Bureau (MFB) [Member] | Income tax expense (benefit)
Income Taxes [Line Items]
Shareholder dividend tax under proposed rate		$ 57
Macao [Member] | Foreign Tax Authority [Member] | Macao Finance Bureau (MFB) [Member] | Corporate expense [Member]
Income Taxes [Line Items]
Tax exemption annual payment for prior period	$ 10
United States [Member] | U.S. Foreign Tax [Member]
Income Taxes [Line Items]
Deferred tax assets, valuation allowance			$ 2,460	$ 3,490
United States [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member]
Income Taxes [Line Items]
Statutory federal income tax rate			21%
Singapore [Member] | Foreign Tax Authority [Member] | Inland Revenue, Singapore (IRAS) [Member]
Income Taxes [Line Items]
Statutory tax rate			17%
Foreign Subsidiaries [Member]
Income Taxes [Line Items]
Operating loss carryforward, amount			$ 2,590	3,280
Foreign Subsidiaries [Member] | Foreign Deferred Tax Asset [Member]
Income Taxes [Line Items]
Deferred tax assets, valuation allowance			$ 314	$ 394

Income Taxes - Components of Ne

Income Taxes - Components of Net Deferred Tax Assets (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Deferred tax assets:
U.S. foreign tax credit carryforwards	$ 2,531	$ 3,575
Net operating loss carryforwards	320	401
Research and development	29	22
Stock-based compensation	9	18
Accrued expenses	14	12
Pre-opening expenses	21	5
Provision for credit losses	1	1
Other	2	3
Total deferred tax assets, gross	2,927	4,037
Less — valuation allowances	(2,776)	(3,879)
Total deferred tax assets	151	158
Deferred tax liabilities:
Property and equipment	(213)	(219)
Prepaid expenses	(2)	(2)
Other	(2)	(3)
Total deferred tax liabilities	(217)	(224)
Deferred tax liabilities, net	$ (66)	$ (66)

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance at the beginning of the year	$ 141	$ 136	$ 136
Reductions to tax positions related to prior years	0	(3)	(15)
Additions to tax positions related to current year	8	8	15
Exchange rate fluctuations	(1)	0	0
Balance at the end of the year(1)	148	141	136
Unrecognized tax benefits, income tax penalties and interest accrued	$ 25	$ 19	$ 13

Fair Value Disclosures (Details

Fair Value Disclosures (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Fair Value Disclosure, Asset and Liability [Line Items]
Loan receivable	$ 1,264	$ 1,194
Long-term debt, contractual value	13,689	14,090
Currency Swap [Member]
Fair Value Disclosure, Asset and Liability [Line Items]
Derivative liability	56	3
Bank Time Deposits [Member]
Fair Value Disclosure, Asset and Liability [Line Items]
Cash equivalents, at carrying value	2,294	2,153
Money Market Funds [Member]
Fair Value Disclosure, Asset and Liability [Line Items]
Cash equivalents, at carrying value	72	52
US Treasury Securities [Member]
Fair Value Disclosure, Asset and Liability [Line Items]
Cash equivalents, at carrying value	465	1,124
Fair Value, Inputs, Level 2 [Member]
Fair Value Disclosure, Asset and Liability [Line Items]
Loan receivable, fair value disclosure	1,192	1,130
Long-term debt, fair value	13,353	13,526
Foreign currency contracts, liability, fair value disclosure	56	3
Quoted Market Prices in Active Markets (Level 1) [Member] | Bank Time Deposits [Member]
Fair Value Disclosure, Asset and Liability [Line Items]
Cash and cash equivalents, fair value disclosure	2,294	2,153
Quoted Market Prices in Active Markets (Level 1) [Member] | Money Market Funds [Member]
Fair Value Disclosure, Asset and Liability [Line Items]
Cash and cash equivalents, fair value disclosure	72	52
Quoted Market Prices in Active Markets (Level 1) [Member] | US Treasury Securities [Member]
Fair Value Disclosure, Asset and Liability [Line Items]
Cash and cash equivalents, fair value disclosure	$ 465	$ 1,124

Leases - Additional Information

Leases - Additional Information (Details) - USD ($)		3 Months Ended	12 Months Ended
	Jun. 02, 2023	Mar. 31, 2024	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Aug. 16, 2024
Lessee, Lease, Description [Line Items]
Finance lease, principal payments			$ 9,000,000	$ 57,000,000	$ 4,000,000
Finance lease ROU assets			167,000,000	$ 5,000,000
Finance lease, liability			128,000,000
Finance lease, liability, to be paid, year one			12,000,000
Finance lease, liability, to be paid, year two			3,000,000
Finance lease, liability, to be paid, year three			4,000,000
Finance lease, liability, to be paid, year four			6,000,000
Finance lease, liability, to be paid, year five			6,000,000
Finance lease, liability, to be paid, after year five			332,000,000
Short-term lease commitment, amount			35,000,000
Nassau Coliseum [Member]
Lessee, Lease, Description [Line Items]
Finance lease, principal payments	$ 54,000,000
Use and occupancy permit fee		$ 1
Lessee, Finance Lease, Term of Contract						42 years
Finance lease ROU assets			161,000,000
Finance lease, liability			115,000,000
Finance lease, liability, to be paid, year one			1,000,000
Finance lease, liability, to be paid, year two			1,000,000
Finance lease, liability, to be paid, year three			3,000,000
Finance lease, liability, to be paid, year four			6,000,000
Finance lease, liability, to be paid, year five			6,000,000
Finance lease, liability, to be paid, after year five			$ 332,000,000
Minimum [Member]
Lessee, Lease, Description [Line Items]
Lessee, operating lease, renewal term			1 month
Lessee, finance lease, renewal term			1 month
Lessor, operating lease, term of contract			1 month
Maximum [Member]
Lessee, Lease, Description [Line Items]
Lessee, operating lease, renewal term			10 years
Lessee, finance lease, renewal term			10 years
Lessor, operating lease, term of contract			15 years

Lessee, Assets and Liabilities

Lessee, Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Lessee, Lease, Description [Line Items]
Operating lease ROU assets	$ 48	$ 53
Finance lease ROU assets	167	5
Operating lease liability, current	16	19
Finance lease liability, current	10	9
Operating lease liability, noncurrent	172	252
Finance lease liability, noncurrent	118	9
Accumulated depreciation	$ 11,835	$ 11,207
Operating lease ROU assets, classification on the balance sheet	Other assets, net	Other assets, net
Finance lease ROU assets, classification on the balance sheet	Property and equipment, net	Property and equipment, net
Operating lease liability, current, classification on the balance sheet	Other accrued liabilities	Other accrued liabilities
Finance lease liability, current, classification on the balance sheet	Current maturities of debt	Current maturities of debt
Operating lease liability, noncurrent, classification on the balance sheet	Other long-term liabilities	Other long-term liabilities
Finance lease liability, noncurrent, classification on the balance sheet	Debt	Debt
Finance lease right of use assets [Member]
Lessee, Lease, Description [Line Items]
Accumulated depreciation	$ 27	$ 23

Lessee, Other Lease Information

Lessee, Other Lease Information (Details)	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Operating leases, weighted average remaining lease term	26 years 8 months 12 days	26 years 7 months 6 days
Finance leases, weighted average remaining lease term	40 years	2 years 1 month 6 days
Operating leases, weighted average discount rate, percent	5%	5%
Finance leases, weighted average discount rate, percent	5.30%	6.30%

Lessee, Lease Cost Components (

Lessee, Lease Cost Components (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Lessee, Lease, Description [Line Items]
Amortization of leasehold interests in land	$ 60	$ 58	$ 55
Operating lease cost	16	14	21
Short-term lease cost	4	5	4
Variable lease, cost	12	11	2
Amortization of ROU assets	3	4	5
Interest on lease liabilities	3	6	1
Total lease cost	98	98	88
Operating Lease [Member]
Lessee, Lease, Description [Line Items]
Amortization of leasehold interests in land	58	56	55
Finance Lease [Member]
Lessee, Lease, Description [Line Items]
Amortization of leasehold interests in land	$ 2	$ 2	$ 0

Lessee, Supplemental Cash Flow

Lessee, Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Operating cash flows for operating leases	$ 24	$ 17	$ 14
Financing cash flows for finance leases	9	57	4
Right-of-use asset obtained in exchange for operating lease liability	11	194	8
Right-of-use asset obtained in exchange for finance lease liability	$ 167	$ 1	$ 1

Lessee, Lease Liability Maturit

Lessee, Lease Liability Maturity (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Operating Leases
2025	$ 18
2026	17
2027	15
2028	13
2029	7
Thereafter	277
Total future minimum lease payments	347
Less — amount representing interest	(159)
Present value of future minimum lease payments	188
Less — current lease obligations	16	$ 19
Long-term lease obligations	172	252
Finance Leases
2025	12
2026	3
2027	4
2028	6
2029	6
Thereafter	332
Total future minimum lease payments	363
Less — amount representing interest	(235)
Present value of future minimum lease payments	128
Less — current lease obligations	(10)	(9)
Long-term lease obligations	$ 118	$ 9

Lessor, Lease Revenue Component

Lessor, Lease Revenue Components (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Mall [Member]
Lessor, Lease, Description [Line Items]
Minimum rents	$ 548	$ 503	$ 484
Overage rents	104	166	78
Rent concessions	0	0	(70)
Overage rents , rent concessions and other	104	166	8
Lease revenue	652	669	492
Other [Member]
Lessor, Lease, Description [Line Items]
Minimum rents	1	1	1
Overage rents	0	0	0
Rent concessions	0	0	0
Overage rents , rent concessions and other	0	0	0
Lease revenue	$ 1	$ 1	$ 1

Lessor, Future Minimum Rentals

Lessor, Future Minimum Rentals (Details) $ in Millions	Dec. 31, 2024 USD ($)
Mall [Member]
Lessor, Lease, Description [Line Items]
2025	$ 529
2026	441
2027	356
2028	256
2029	183
Thereafter	178
Total minimum future rentals	1,943
Other [Member]
Lessor, Lease, Description [Line Items]
2025	2
2026	1
2027	1
2028	1
2029	1
Thereafter	0
Total minimum future rentals	$ 6

Lessor, Leased Property and Equ

Lessor, Leased Property and Equipment (Details) - Land and Building [Member] - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Property, Plant, and Equipment, Lessor Asset under Operating Lease [Line Items]
Property and equipment, at cost	$ 1,570	$ 1,573
Accumulated depreciation	(829)	(773)
Property and equipment, net	$ 741	$ 800

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details)

1 Months Ended

12 Months Ended

Sep. 19, 2022 MOP (MOP$)

Sep. 19, 2022 USD ($)

Jul. 10, 2021 MOP (MOP$)

Jul. 10, 2021 USD ($)

Jul. 15, 2019 MOP (MOP$)

Jul. 15, 2019 USD ($)

Jan. 19, 2012 MOP (MOP$)

Jan. 19, 2012 USD ($)

Jan. 19, 2022 MOP (MOP$)

Jan. 19, 2022 USD ($)

Dec. 31, 2024 MOP (MOP$)

Dec. 31, 2024 USD ($)

Dec. 31, 2023 USD ($)

Commitments and Contingencies [Line Items]

Non-cancelable period of franchise agreement

15 years

Minimum [Member]

Commitments and Contingencies [Line Items]

Non-cancelable period of management agreements

14 years

Maximum [Member]

Commitments and Contingencies [Line Items]

Non-cancelable period of management agreements

40 years

Singapore [Member] | Scenario, Plan [Member] | Marina Bay Sands [Member] | MBS Expansion Project and Additional Gaming Area

Commitments and Contingencies [Line Items]

Total cost for Additional Gaming Area and changes to MBS Expansion Project gross floor area

$ 1,000,000,000

Total cost for Additional Gaming Area and changes to MBS Expansion Project gross floor area to be paid in Q1 2025

850,000,000

Macao Concession [Member] | Macao [Member]

Commitments and Contingencies [Line Items]

Fixed portion of premium

MOP$ 30000000

4,000,000

Annual premium, variable portion, minimum (patacas converted to USD at balance sheet date)

MOP$ 76000000

10,000,000

Other commitment, due year one

41,000,000

Other commitment, due year two

41,000,000

Other commitment, due year three

41,000,000

Other Commitment, due year four

41,000,000

Other Commitment, due year five

41,000,000

Other Commitment, due after year five

$ 122,000,000

Tax on gross gaming revenue, percent

35%

35%

Percentage contribution of revenue to utilities

5%

5%

Minimum annual gaming tax due on gross gaming revenue (patacas converted to USD at balance sheet date)

MOP$ 4500000000

$ 563,000,000

Handover fee per square meter for period one through three

750

94

Handover fee per square meter for period four through ten

2,500

313

Annual handover fee for 2025

13,000,000

Annual handover fee for 2026 through 2032

42,000,000

Financial concession commitment

35,800,000,000

4,480,000,000

Non-gaming financial concession commitment

33,360,000,000

4,170,000,000

Total spend incurred to date

$ 168,000,000

Macao Concession [Member] | Gaming Table Reserved [Member] | Macao [Member]

Commitments and Contingencies [Line Items]

Variable portion premium, per unit

300,000

37,503

Macao Concession [Member] | Gaming Table Not Reserved [Member] | Macao [Member]

Commitments and Contingencies [Line Items]

Variable portion premium, per unit

150,000

18,751

Macao Concession [Member] | Electrical Or Mechanical Gaming Machine [Member] | Macao [Member]

Commitments and Contingencies [Line Items]

Variable portion premium, per unit

1,000

125

Minimum annual gaming tax due on gross gaming revenue per unit (patacas converted to USD at balance sheet date)

300,000

37,503

Macao Concession [Member] | Gaming Table [Member] | Macao [Member]

Commitments and Contingencies [Line Items]

Minimum annual gaming tax due on gross gaming revenue per unit (patacas converted to USD at balance sheet date)

MOP$ 7000000

1,000,000

Non-Cancelable Contractual Obligations, Excluding Leases And Macao Concession Related Items [Member]

Commitments and Contingencies [Line Items]

Contractual obligation

$ 678,000,000

Asian American Entertainment Corporation Limited [Member]

Commitments and Contingencies [Line Items]

Loss contingency, damages sought (patacas converted to USD at balance sheet date)

MOP$ 96450000000

$ 12,060,000,000

MOP$ 3000000000.0

$ 375,000,000

Loss contingency, supplemental court fees sought, value

MOP$ 93000000

$ 12,000,000

Loss contingency, first plaintiff expert estimated damages, value

MOP$ 57880000000

$ 7,240,000,000

Loss contingency, second plaintiff expert estimated damages, value

MOP$ 62290000000

$ 7,790,000,000

Loss contingency, appeal court fees sought, value

MOP$ 48000000

$ 6,000,000

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) $ / shares in Units, $ in Millions	1 Months Ended		12 Months Ended
	May 31, 2024 shares	May 31, 2019 shares	Dec. 31, 2024 USD ($) OptionPlan $ / shares shares	Dec. 31, 2023 USD ($) $ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of nonqualified stock option plans | OptionPlan			2
Common stock, par value (in usd per share) | $ / shares			$ 0.001	$ 0.001
Cash-settled restricted stock accrued liability			$ 382	$ 370
Sands China Ltd. [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, par value (in usd per share) | $ / shares			$ 0.01
LVSC 2004 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares provided by the plan | shares			26,344,000
Term of plan (in years)			10 years
Number of additional shares authorized | shares	10,000,000	10,000,000
Shares available for grant | shares			12,489,075
LVSC 2004 Plan [Member] | Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period (in years)			3 years
LVSC 2004 Plan [Member] | Restricted Stock And Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to unvested equity-based awards			$ 56
Expected weighted average period for recognition of stock option (in years)			1 year 10 months 24 days
LVSC 2004 Plan [Member] | Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum contractual term of outstanding stock options (in years)			10 years
Unrecognized compensation cost related to unvested equity-based awards			$ 15
Expected weighted average period for recognition of stock option (in years)			3 years 2 months 12 days
LVSC 2004 Plan [Member] | Minimum [Member] | Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period (in years)			3 years
LVSC 2004 Plan [Member] | Maximum [Member] | Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period (in years)			5 years
SCL Equity Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of plan (in years)			10 years
Shares available for grant | shares			809,337,956
Stock options vesting period (in years)			4 years
Maximum contractual term of outstanding stock options (in years)			10 years
SCL Equity Plan [Member] | Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash-settled restricted stock accrued liability			$ 28	$ 32
Unrecognized compensation cost related to unvested equity-based awards			$ 29
Expected weighted average period for recognition of stock option (in years)			2 years 9 months 18 days
SCL Equity Plan [Member] | Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to unvested equity-based awards			$ 2
Expected weighted average period for recognition of stock option (in years)			2 years
SCL Equity Plan [Member] | Phantom Share Units (PSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period (in years)			3 years

Stock-Based Compensation - Blac

Stock-Based Compensation - Black-Scholes Option-Pricing Model Weighted Average Assumptions (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
LVSC 2004 Plan [Member]
Black-Scholes option-pricing model, weighted average assumptions
Weighted average volatility	25.10%	26.10%	26%
Expected term (in years)	8 years	8 years 4 months 24 days	6 years 3 months 18 days
Risk-free rate	4.10%	4%	2.10%
Expected dividend yield	1.70%	1.70%	0%
SCL Equity Plan [Member]
Black-Scholes option-pricing model, weighted average assumptions
Weighted average volatility	0%	0%	43.70%
Expected term (in years)	0 years	0 years	7 years 2 months 12 days
Risk-free rate	0%	0%	2.70%
Expected dividend yield	0%	0%	0%

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Stock Option Activity (Details) - Stock Option [Member] - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
LVSC 2004 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, beginning balance (in shares)	14,914,378
Granted (in shares)	6,824	510,157	1,730,000
Exercised (in shares)	20,000
Forfeited or expired (in shares)	(2,335,586)
Outstanding, ending balance (in shares)	12,565,616	14,914,378
Exercisable as of the end of the period (in shares)	10,434,635
Outstanding, beginning balance, weighted average exercise price (in usd per share)	$ 48.04
Granted, weighted average exercise price (in usd per share)	47.93
Exercised, weighted average exercise price (in usd per share)	33.17
Forfeited or expired, weighted average exercise price (in usd per share)	56.62
Outstanding, ending balance, weighted average exercise price (in usd per share)	46.47	$ 48.04
Exercisable as of the end of the period, weighted average exercise price (in usd per share)	$ 47.07
Outstanding, weighted average remaining contractual life (in years)	5 years 5 months 15 days
Exercisable, weighted average remaining contractual life (in years)	5 years 10 days
Outstanding, aggregate intrinsic value	$ 97
Exercisable, aggregate intrinsic value	$ 81
SCL Equity Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, beginning balance (in shares)	44,325,350
Granted (in shares)	0	0	3,300,000
Forfeited or expired (in shares)	(4,982,800)
Outstanding, ending balance (in shares)	39,342,550	44,325,350
Exercisable as of the end of the period (in shares)	36,042,550
Outstanding, beginning balance, weighted average exercise price (in usd per share)	$ 4.84
Forfeited or expired, weighted average exercise price (in usd per share)	6.80
Outstanding, ending balance, weighted average exercise price (in usd per share)	4.59	$ 4.84
Exercisable as of the end of the period, weighted average exercise price (in usd per share)	$ 4.80
Outstanding, weighted average remaining contractual life (in years)	3 years 3 months 29 days
Exercisable, weighted average remaining contractual life (in years)	2 years 11 months 8 days
Outstanding, aggregate intrinsic value	$ 1
Exercisable, aggregate intrinsic value	$ 0

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary of Unvested Restricted Stock and Stock Units (Details) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
LVSC 2004 Plan [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Other than Options, Outstanding [Roll Forward]
Unvested, beginning balance (in shares)	17,166
Granted (in shares)	21,185	17,166	46,448
Vested (in shares)	(17,166)
Unvested, ending balance (in shares)	21,185	17,166
Unvested, weighted average grant date fair value, beginning balance (in usd per share)	$ 61.15
Granted, weighted average grant date fair value (in usd per share)	47.20	$ 61.15	$ 30.14
Vested, weighted average grant date fair value (in usd per share)	61.15
Unvested, weighted average grant date fair value, ending balance (in usd per share)	$ 47.20	$ 61.15
LVSC 2004 Plan [Member] | Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Other than Options, Outstanding [Roll Forward]
Unvested, beginning balance (in shares)	880,640
Granted (in shares)	1,168,501	577,636	123,497
Vested (in shares)	(462,752)
Forfeited (in shares)	(1,215)
Unvested, ending balance (in shares)	1,585,174	880,640
Unvested, weighted average grant date fair value, beginning balance (in usd per share)	$ 54.14
Granted, weighted average grant date fair value (in usd per share)	50.40	$ 57.77	$ 42.55
Vested, weighted average grant date fair value (in usd per share)	52.10
Forfeited, weighted average grant date fair value (in usd per share)	61.65
Unvested, weighted average grant date fair value, ending balance (in usd per share)	$ 51.92	$ 54.14
SCL Equity Plan [Member] | Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Other than Options, Outstanding [Roll Forward]
Unvested, beginning balance (in shares)	17,890,996
Granted (in shares)	14,788,400	6,792,000	9,393,200
Vested (in shares)	(10,677,260)
Forfeited (in shares)	(678,708)
Unvested, ending balance (in shares)	21,323,428	17,890,996
Unvested, weighted average grant date fair value, beginning balance (in usd per share)	$ 2.98
Granted, weighted average grant date fair value (in usd per share)	2.66	$ 3.44	$ 2.32
Vested, weighted average grant date fair value (in usd per share)	3
Forfeited, weighted average grant date fair value (in usd per share)	2.64
Unvested, weighted average grant date fair value, ending balance (in usd per share)	$ 2.76	$ 2.98

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock-Based Compensation Activity (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	$ 78	$ 72	$ 70
Income tax benefit recognized in the consolidated statements of operations	4	3	2
Compensation cost capitalized as part of property and equipment	1	1	2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Proceeds from exercise of stock options	1	4	0
Stock Option [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	20	21	24
Restricted Stock And Stock Units [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	58	51	46
LVSC 2004 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options exercised, intrinsic value	0	1	0
Proceeds from exercise of stock options	$ 1	$ 3	$ 0
LVSC 2004 Plan [Member] | Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted (in shares)	6,824	510,157	1,730,000
Stock options granted, weighted average grant date fair value (in usd per share)	$ 14.65	$ 15.58	$ 12.74
LVSC 2004 Plan [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock award units granted (in shares)	21,185	17,166	46,448
Restricted stock award units granted, weighted average grant date fair value (in usd per share)	$ 47.20	$ 61.15	$ 30.14
LVSC 2004 Plan [Member] | Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock award units granted (in shares)	1,168,501	577,636	123,497
Restricted stock award units granted, weighted average grant date fair value (in usd per share)	$ 50.40	$ 57.77	$ 42.55
SCL Equity Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options exercised, intrinsic value	$ 0	$ 0	$ 0
Proceeds from exercise of stock options	$ 0	$ 1	$ 0
SCL Equity Plan [Member] | Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted (in shares)	0	0	3,300,000
Stock options granted, weighted average grant date fair value (in usd per share)	$ 0	$ 0	$ 1.13
SCL Equity Plan [Member] | Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock award units granted (in shares)	14,788,400	6,792,000	9,393,200
Restricted stock award units granted, weighted average grant date fair value (in usd per share)	$ 2.66	$ 3.44	$ 2.32

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Jul. 11, 2022
Related Party Transaction [Line Items]
Revenue from goods and services provided to related parties	$ 2,896,000,000	$ 2,682,000,000	$ 2,761,000,000	$ 2,959,000,000	$ 2,915,000,000	$ 2,795,000,000	$ 2,542,000,000	$ 2,120,000,000	$ 11,298,000,000	$ 10,372,000,000	$ 4,110,000,000
Related party payables	1,985,000,000				1,948,000,000				1,985,000,000	1,948,000,000
Repurchase of common stock									1,750,000,000	505,000,000	0
Loan receivable	1,264,000,000				$ 1,194,000,000				1,264,000,000	$ 1,194,000,000
Principal Stockholders [Member]
Related Party Transaction [Line Items]
Sale of common stock by a related party, shares										46,264,168
Sale of common stock by a related party, price per share					$ 44					$ 44
Common stock repurchased (in shares)										5,783,021
Repurchase of common stock										$ 250,000,000
Affiliated Entity [Member] | Sands China Ltd. [Member]
Related Party Transaction [Line Items]
Loan receivable												$ 1,000,000,000
Security and Medical Support, and Other [Member] | Principal Stockholders [Member]
Related Party Transaction [Line Items]
Revenue from goods and services provided to related parties									4,000,000	2,000,000	3,000,000
Food & Beverage, Newspaper Subscriptions and Security Support [Member] | Principal Stockholders [Member]
Related Party Transaction [Line Items]
Expenses from good and services provided by related parties									1,000,000	1,000,000	1,000,000
Aircraft, Aircraft Refurbishment and Maintenance Services [Member] | Principal Stockholders [Member]
Related Party Transaction [Line Items]
Expenses from good and services provided by related parties									5,000,000	11,000,000	6,000,000
Aviation [Member] | Principal Stockholders [Member]
Related Party Transaction [Line Items]
Revenue from goods and services provided to related parties									36,000,000	21,000,000	$ 19,000,000
Related Party [Member]
Related Party Transaction [Line Items]
Related party receivables	7,000,000				$ 8,000,000				7,000,000	8,000,000
Related party payables	$ 1,000,000				$ 1,000,000				$ 1,000,000	$ 1,000,000
Loans Receivable [Member] | Affiliated Entity [Member] | Sands China Ltd. [Member]
Related Party Transaction [Line Items]
Percentage of interest payment to be paid in cash												5%
Paid-in-kind interest rate for year one and two												6%

Schedule of Segment Reporting I

Schedule of Segment Reporting Information (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Net revenues	$ 2,896	$ 2,682	$ 2,761	$ 2,959	$ 2,915	$ 2,795	$ 2,542	$ 2,120	$ 11,298	$ 10,372	$ 4,110
Revenues before intercompany eliminations									11,587	10,632	4,250
Payroll and related expenses									1,876	1,744	1,523
Gaming taxes									3,445	3,063	935
Other expenses									1,887	1,740	1,060
Other Cost and Expense, Operating									7,208	6,547	3,518
Adjusted property EBITDA									4,379	4,085	732
Stock-based compensation									(27)	(29)	(33)
Corporate									(290)	(230)	(235)
Pre-opening									(14)	(15)	(13)
Development									(228)	(205)	(143)
Depreciation and amortization									(1,308)	(1,208)	(1,036)
Amortization of leasehold interests in land									(60)	(58)	(55)
Loss on disposal or impairment of assets									(50)	(27)	(9)
Operating income (loss)	590	$ 504	$ 591	$ 717	710	$ 688	$ 537	$ 378	2,402	2,313	(792)
Interest income									275	288	116
Interest expense, net of amounts capitalized									(727)	(818)	(702)
Other income (expense)									10	(8)	(9)
Income tax expense									(208)	(344)	(154)
Net income (loss) from continuing operations									1,752	1,431	(1,541)
Total stock-based compensation expense									78	72	70
Capital expenditures									1,567	1,017	651
Assets	20,666				21,778				20,666	21,778	22,039
Long-lived assets	13,995				13,688				13,995	13,688	13,579
Corporate expense [Member]
Segment Reporting Information [Line Items]
Total stock-based compensation expense									51	43	37
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Loss on disposal or impairment of assets									(9)
Capital expenditures									40	200	60
Assets	3,353				5,167				3,353	5,167	5,422
Macao [Member]
Segment Reporting Information [Line Items]
Net revenues									7,073	6,527	1,597
Revenues before intercompany eliminations									7,107	6,559	1,627
Payroll and related expenses									1,199	1,127	1,007
Gaming taxes									2,694	2,411	515
Other expenses									887	797	429
Other Cost and Expense, Operating									4,780	4,335	1,951
Adjusted property EBITDA									2,327	2,224	(324)
Loss on disposal or impairment of assets									(32)	(12)
Capital expenditures									879	233	243
Assets	11,140				10,224				11,140	10,224	10,550
Long-lived assets	8,217				7,892				8,217	7,892	8,485
Macao [Member] | The Venetian Macao [Member]
Segment Reporting Information [Line Items]
Net revenues									2,824	2,675	675
Revenues before intercompany eliminations									2,831	2,682	682
Payroll and related expenses									413	380	342
Gaming taxes									1,073	1,012	226
Other expenses									252	236	139
Other Cost and Expense, Operating									1,738	1,628	707
Adjusted property EBITDA									1,093	1,054	(25)
Capital expenditures									262	71	52
Assets	2,806				2,548				2,806	2,548	2,135
Long-lived assets	1,503				1,337				1,503	1,337	1,415
Macao [Member] | The Londoner Macao [Member]
Segment Reporting Information [Line Items]
Net revenues									1,984	1,792	350
Revenues before intercompany eliminations									1,984	1,792	350
Payroll and related expenses									355	330	281
Gaming taxes									775	672	115
Other expenses									311	274	143
Other Cost and Expense, Operating									1,441	1,276	539
Adjusted property EBITDA									543	516	(189)
Capital expenditures									545	132	175
Assets	4,665				4,193				4,665	4,193	4,489
Long-lived assets	4,086				3,796				4,086	3,796	4,085
Macao [Member] | The Parisian Macao [Member]
Segment Reporting Information [Line Items]
Net revenues									973	879	188
Revenues before intercompany eliminations									973	879	188
Payroll and related expenses									194	187	172
Gaming taxes									365	317	63
Other expenses									117	106	56
Other Cost and Expense, Operating									676	610	291
Adjusted property EBITDA									297	269	(103)
Capital expenditures									39	9	3
Assets	1,710				1,802				1,710	1,802	1,828
Long-lived assets	1,591				1,665				1,591	1,665	1,789
Macao [Member] | The Plaza Macao [Member]
Segment Reporting Information [Line Items]
Net revenues									872	779	313
Revenues before intercompany eliminations									872	779	313
Payroll and related expenses									106	102	90
Gaming taxes									347	276	82
Other expenses									98	93	60
Other Cost and Expense, Operating									551	471	232
Adjusted property EBITDA									321	308	81
Capital expenditures									14	15	9
Assets	987				1,059				987	1,059	1,020
Long-lived assets	844				896				844	896	975
Macao [Member] | Sands Macao [Member]
Segment Reporting Information [Line Items]
Net revenues									322	322	65
Revenues before intercompany eliminations									322	322	65
Payroll and related expenses									90	93	90
Gaming taxes									134	134	29
Other expenses									42	36	27
Other Cost and Expense, Operating									266	263	146
Adjusted property EBITDA									56	59	(81)
Capital expenditures									16	6	4
Assets	253				287				253	287	208
Long-lived assets	170				169				170	169	180
Macao [Member] | Ferry Operations and Other [Member]
Segment Reporting Information [Line Items]
Net revenues									98	80	6
Revenues before intercompany eliminations									125	105	29
Payroll and related expenses									41	35	32
Gaming taxes									0	0	0
Other expenses									67	52	4
Other Cost and Expense, Operating									108	87	36
Adjusted property EBITDA									17	18	(7)
Capital expenditures									3	0	0
Assets	719				335				719	335	870
Long-lived assets	23				29				23	29	41
Singapore [Member]
Segment Reporting Information [Line Items]
Loss on disposal or impairment of assets									(9)	(14)
Singapore [Member] | Marina Bay Sands [Member]
Segment Reporting Information [Line Items]
Net revenues									4,225	3,845	2,513
Revenues before intercompany eliminations									4,230	3,849	2,516
Payroll and related expenses									677	617	516
Gaming taxes									751	652	420
Other expenses									750	719	524
Other Cost and Expense, Operating									2,178	1,988	1,460
Adjusted property EBITDA									2,052	1,861	1,056
Capital expenditures									648	584	348
Assets	6,173				6,387				6,173	6,387	6,067
Long-lived assets	5,121				5,141				5,121	5,141	4,891
United States [Member]
Segment Reporting Information [Line Items]
Long-lived assets	587				608				587	608	177
United States [Member] | Corporate and Other [Member]
Segment Reporting Information [Line Items]
Net revenues									0	0	0
Revenues before intercompany eliminations									250	224	107
Payroll and related expenses									0	0	0
Gaming taxes									0	0	0
Other expenses									250	224	107
Other Cost and Expense, Operating									250	224	107
Adjusted property EBITDA									0	0	0
Other [Member]
Segment Reporting Information [Line Items]
Long-lived assets	$ 70				$ 47				70	47	26
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net revenues									(289)	(260)	(140)
Intersegment Eliminations [Member] | Macao [Member] | Macao Operating Segments [Member]
Segment Reporting Information [Line Items]
Net revenues									(34)	(32)	(30)
Intersegment Eliminations [Member] | Macao [Member] | The Venetian Macao [Member]
Segment Reporting Information [Line Items]
Net revenues									(7)	(7)	(7)
Intersegment Eliminations [Member] | Macao [Member] | The Londoner Macao [Member]
Segment Reporting Information [Line Items]
Net revenues									0	0	0
Intersegment Eliminations [Member] | Macao [Member] | The Parisian Macao [Member]
Segment Reporting Information [Line Items]
Net revenues									0	0	0
Intersegment Eliminations [Member] | Macao [Member] | The Plaza Macao [Member]
Segment Reporting Information [Line Items]
Net revenues									0	0	0
Intersegment Eliminations [Member] | Macao [Member] | Sands Macao [Member]
Segment Reporting Information [Line Items]
Net revenues									0	0	0
Intersegment Eliminations [Member] | Macao [Member] | Ferry Operations and Other [Member]
Segment Reporting Information [Line Items]
Net revenues									(27)	(25)	(23)
Intersegment Eliminations [Member] | Singapore [Member] | Marina Bay Sands [Member]
Segment Reporting Information [Line Items]
Net revenues									(5)	(4)	(3)
Intersegment Eliminations [Member] | United States [Member] | Corporate and Other [Member]
Segment Reporting Information [Line Items]
Net revenues									(250)	(224)	(107)
Casino [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									8,303	7,522	2,627
Net revenues									8,303	7,522	2,627
Casino [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									5,346	4,841	947
Casino [Member] | Macao [Member] | The Venetian Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									2,282	2,151	438
Casino [Member] | Macao [Member] | The Londoner Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									1,462	1,283	194
Casino [Member] | Macao [Member] | The Parisian Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									740	655	116
Casino [Member] | Macao [Member] | The Plaza Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									572	462	146
Casino [Member] | Macao [Member] | Sands Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									290	290	53
Casino [Member] | Macao [Member] | Ferry Operations and Other [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									0	0	0
Casino [Member] | Singapore [Member] | Marina Bay Sands [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									2,957	2,681	1,680
Casino [Member] | United States [Member] | Corporate and Other [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									0	0	0
Rooms [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									1,274	1,204	469
Net revenues									1,274	1,204	469
Rooms [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									774	761	184
Rooms [Member] | Macao [Member] | The Venetian Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									210	191	55
Rooms [Member] | Macao [Member] | The Londoner Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									302	324	61
Rooms [Member] | Macao [Member] | The Parisian Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									137	135	33
Rooms [Member] | Macao [Member] | The Plaza Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									107	94	29
Rooms [Member] | Macao [Member] | Sands Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									18	17	6
Rooms [Member] | Macao [Member] | Ferry Operations and Other [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									0	0	0
Rooms [Member] | Singapore [Member] | Marina Bay Sands [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									500	443	285
Rooms [Member] | United States [Member] | Corporate and Other [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									0	0	0
Food and Beverage [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									607	584	301
Net revenues									607	584	301
Food and Beverage [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									260	240	67
Food and Beverage [Member] | Macao [Member] | The Venetian Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									64	63	17
Food and Beverage [Member] | Macao [Member] | The Londoner Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									92	86	26
Food and Beverage [Member] | Macao [Member] | The Parisian Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									62	49	10
Food and Beverage [Member] | Macao [Member] | The Plaza Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									31	30	10
Food and Beverage [Member] | Macao [Member] | Sands Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									11	12	4
Food and Beverage [Member] | Macao [Member] | Ferry Operations and Other [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									0	0	0
Food and Beverage [Member] | Singapore [Member] | Marina Bay Sands [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									347	344	234
Food and Beverage [Member] | United States [Member] | Corporate and Other [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									0	0	0
Mall [Member]
Segment Reporting Information [Line Items]
Net revenues									755	767	580
Mall [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Net revenues									493	513	354
Mall [Member] | Macao [Member] | The Venetian Macao [Member]
Segment Reporting Information [Line Items]
Net revenues									230	227	154
Mall [Member] | Macao [Member] | The Londoner Macao [Member]
Segment Reporting Information [Line Items]
Net revenues									77	66	47
Mall [Member] | Macao [Member] | The Parisian Macao [Member]
Segment Reporting Information [Line Items]
Net revenues									27	32	25
Mall [Member] | Macao [Member] | The Plaza Macao [Member]
Segment Reporting Information [Line Items]
Net revenues									158	187	127
Mall [Member] | Macao [Member] | Sands Macao [Member]
Segment Reporting Information [Line Items]
Net revenues									1	1	1
Mall [Member] | Macao [Member] | Ferry Operations and Other [Member]
Segment Reporting Information [Line Items]
Net revenues									0	0	0
Mall [Member] | Singapore [Member] | Marina Bay Sands [Member]
Segment Reporting Information [Line Items]
Net revenues									262	254	226
Mall [Member] | United States [Member] | Corporate and Other [Member]
Segment Reporting Information [Line Items]
Net revenues									0	0	0
Convention, Retail and Other [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									359	295	133
Net revenues									359	295	133
Convention, Retail and Other [Member] | Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									200	172	45
Convention, Retail and Other [Member] | Macao [Member] | The Venetian Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									38	43	11
Convention, Retail and Other [Member] | Macao [Member] | The Londoner Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									51	33	22
Convention, Retail and Other [Member] | Macao [Member] | The Parisian Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									7	8	4
Convention, Retail and Other [Member] | Macao [Member] | The Plaza Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									4	6	1
Convention, Retail and Other [Member] | Macao [Member] | Sands Macao [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									2	2	1
Convention, Retail and Other [Member] | Macao [Member] | Ferry Operations and Other [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									98	80	6
Convention, Retail and Other [Member] | Singapore [Member] | Marina Bay Sands [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									159	123	88
Convention, Retail and Other [Member] | United States [Member] | Corporate and Other [Member]
Segment Reporting Information [Line Items]
Revenue from contract with customer									$ 0	$ 0	$ 0

Selected Quarterly Financial _3

Selected Quarterly Financial Results (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Quarterly Financial Information Disclosure [Abstract]
Net revenues	$ 2,896	$ 2,682	$ 2,761	$ 2,959	$ 2,915	$ 2,795	$ 2,542	$ 2,120	$ 11,298	$ 10,372	$ 4,110
Operating income	590	504	591	717	710	688	537	378	2,402	2,313	(792)
Net income	392	353	424	583	469	449	368	145	1,752	1,431	1,357
Net income (loss) attributable to Las Vegas Sands Corp.	$ 324	$ 275	$ 353	$ 494	$ 382	$ 380	$ 312	$ 147	$ 1,446	$ 1,221	$ 1,832
Basic earnings (loss) per share (in usd per share)	$ 0.45	$ 0.38	$ 0.48	$ 0.66	$ 0.50	$ 0.50	$ 0.41	$ 0.19	$ 1.97	$ 1.60	$ 2.40
Diluted earnings (loss) per share (in usd per share)	$ 0.45	$ 0.38	$ 0.48	$ 0.66	$ 0.50	$ 0.50	$ 0.41	$ 0.19	$ 1.96	$ 1.60	$ 2.40

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of year	$ 201	$ 217	$ 232
Additions	19	4	15
Write-offs, net of recoveries	(34)	(20)	(30)
Balance at end of year	186	201	217
SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset [Member]
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of year	3,879	4,083	5,034
Additions	5	0	63
Deductions	(1,108)	(204)	(1,014)
Balance at end of year	$ 2,776	$ 3,879	$ 4,083