UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 3, 2004
LAS VEGAS SANDS, INC.
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(Exact name of registrant as specified in its charter)
NEVADA 333-42147 04-3010100
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(State or other jurisdiction of (Commission File Number) (IRS Employer
incorporation) Identification No.)
3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS, NEVADA 89109
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (702) 414-1000
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NOT APPLICABLE
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (SEE General Instruction A.2. below):
[_] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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ITEM 7.01 REGULATION FD DISCLOSURE
Las Vegas Sands, Inc. and its subsidiaries are sponsoring a
plan for the development in Cotai, an area of reclaimed land in Macau, China, of
a "Cotai Strip" designed to meet the demand generated by the rapidly-growing
Asian gaming market. Las Vegas Sands, Inc. and its subsidiaries have submitted
to the Macao government a development plan that comprises six resort hotel
developments in addition to the Macao Venetian Casino Resort (which the Company
currently plans to build, own and operate). The proposed development is expected
to include hotels, exhibition and conference facilities, casinos (which the
Company plans to operate through its subsidiaries), showrooms, shopping malls,
spas, world-class restaurants and entertainment facilities and other
attractions. The six hotel developments on the Cotai Strip will be developed,
constructed and financed by independent lodging companies and investor groups.
On December 3, 2004, Las Vegas Sands, Inc.'s subsidiaries Venetian Macau S.A.
and Venetian Cotai S.A. entered into an agreement with Far East Consortium
International Limited and its affiliate to cooperate in the development and
operation of a resort hotel and casino project on the Cotai Strip. The agreement
is non-binding except for certain limited provisions. The agreement sets forth a
framework under which (x) Far East Consortium will develop, design and construct
a resort hotel complex including a space to house a casino/showroom, and (y)
Venetian Macau and Venetian Cotai will build out and operate the casino/showroom
under a lease from Far East Consortium, construct the Macao Venetian Casino
Resort and develop, maintain and renew certain publicly accessible parks and
other areas. The hotel is expected to have 2,000 rooms operated by an
internationally recognized hotel management group, and is expected to be
expanded to 3,000 rooms upon the achievement of certain events. The
casino/showroom space is expected to be approximately 140,000 square feet. The
agreement with Far East Consortium provides for completion of the property
within six months of the completion of the Macao Venetian Casino Resort.
ITEM 8.01. OTHER EVENTS
On December 3, 2004, following the recent enactment of
legislation legalizing slot machine gaming in Pennsylvania, Las Vegas Sands,
Inc. entered into a contribution agreement with Bethworks Now, LLC
("BETHWORKS"), the current fee owner of an approximately 124 acre site located
in Bethlehem, Pennsylvania. If a slot machine license under the new legislation
is granted for the site, the parties intend to jointly own and develop the
property for use as a casino complex and, potentially, a hotel with meeting
rooms and retail, restaurant, movie theater, office and other commercial uses.
Simultaneously with the execution of the contribution
agreement, Las Vegas Sands, Inc. paid approximately $2.25 million to Bethworks
to partially reimburse Bethworks for property-related expenses previously
incurred by Bethworks. Until the gaming license is obtained, Las Vegas Sands,
Inc. will pay all ongoing operating expenses with respect to the property. When
and if the license is obtained, Las Vegas Sands, Inc. is required to make a $2
million payment to Bethworks and the entire property will be contributed by
Bethworks to a Bethworks-Las Vegas Sands, Inc. subsidiary joint venture.
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The Bethlehem development is subject to a number of
conditions, including obtaining the gaming license.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
LAS VEGAS SANDS, INC.
By: /s/ Scott D. Henry
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Name: Scott D. Henry
Title: Chief Financial Officer
Date: December 8, 2004