LAS VEGAS SANDS CORP, DEFR14A filed on 3/29/2024
Revised Proxy Soliciting Materials (definitive)
v3.24.1
Cover
 12 Months Ended
Dec. 31, 2023
Document Information [Line Items]  
Document Type DEFR14A
Amendment Flag true
Amendment Description This Amendment No. 1 consists of a correction to the record date for the Company’s Annual Meeting of Stockholders, which is March 11, 2024 (not March 15, 2024, as was reflected in the definitive proxy statement initially filed on March 28, 2024).
Entity Information [Line Items]  
Entity Registrant Name Las Vegas Sands Corp.
Entity Central Index Key 0001300514
v3.24.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Jan. 06, 2021
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure            
Pay vs Performance Disclosure, Table  
PAY-VERSUS-PERFORMANCE
— 2023
PAY-VERSUS-PERFORMANCE
TABLE
The following table provides information regarding compensation earned, compensation actually paid, total
shareholder
return (“TSR”), net income (loss) from continuing operations and consolidated adjusted property EBITDA, our most important financial measure used in determining compensation during the year ended December 31, 2023 (and the prior years shown in the table) for our named executive officers:
 
 
 
    
 
    
 
    
 
    
 
    
 
    
 
  
VALUE OF INITIAL
FIXED $100
INVESTMENT
BASED ON:
    
 
    
 
  YEAR
  
SUMMARY
COMPENSATION
TABLE TOTAL
FOR FIRST
PEO
(1)
  
SUMMARY
COMPENSATION
TABLE TOTAL
FOR SECOND
PEO
(1)
  
COMPENSATION
ACTUALLY PAID
TO FIRST PEO
(1)
  
COMPENSATION
ACTUALLY PAID
TO SECOND
PEO
(1)
  
AVERAGE
SUMMARY
COMPENSATION
TABLE TOTAL
FOR
NON-PEO

NEOS
(1)
  
AVERAGE
COMPENSATION
ACTUALLY PAID
TO
NON-PEO

NEOS
(1)
  
LVS
TSR
(2)
  
PEER
GROUP
TSR
(DJ U.S.
GAMBLING
INDEX)
(3)
  
NET
INCOME
(LOSS)
(4)
  
CONSOLIDATED 
ADJUSTED 
PROPERTY 
EBITDA
(5)
                   
 
 
    
 
 
 
 
 
 
    
 
 
 
 
 
 
    
 
 
 
 
 
 
    
 
(i)
      
 
 
 
 
 
 
    
 
(ii)
      
 
 
 
 
 
 
    
 
 
 
 
 
 
    
 
(in millions)
  
                     
2023 
    
 
N/A 
    
$
 21,937,818 
    
 
N/A 
    
$
12,534,003 
    
$
11,315,608 
    
$
8,825,639 
    
$
73 
 
    
$
76 
    
 $
  1,431
    
$
 4,085  
                     
2022 
    
 
N/A 
    
$
 11,410,263 
    
 
N/A 
    
$
 40,267,303 
    
$
5,634,384 
    
$
14,578,252 
    
$
71 
 
    
$
58 
    
 $
1,357
    
$
732  
                     
2021 
    
$
 5,784,936 
    
$
31,204,900 
    
$
5,393,584 
    
$
8,426,900 
    
$
 12,095,245 
    
$
 12,806,858 
    
$
 56 
 
    
$
78 
    
 $
(1,276
)  
    
$
786  
                     
2020 
    
$
 11,344,715 
    
 
N/A 
    
$
 11,902,072 
    
 
N/A 
    
$
2,663,400 
    
$
3,462,239 
    
$
 88 
 
    
$
 90 
    
 $
(2,143
)  
    
$
(48) 
 
 
(1)
Mr. Adelson passed away on January 11, 2021. Prior to the passing of Mr. Adelson, Mr. Goldstein was appointed as Acting Chairman and Acting CEO on January 7, 2021 and, subsequent to
Mr
. Adelson’s passing, became Chairman and CEO on January 26, 2021. Prior to Mr. Goldstein’s appointment, he served as President and Chief Operating Officer. Our PEOs and
Non-PEO
NEOs for the years shown in the table above were as follows:
 
 
•
  
For 2022 and 2023: Mr. Goldstein served as our PEO and Mr. Dumont, Mr. Hyzak and Mr. Hudson served as our
Non-PEO
NEOs.
 
 
•
  
For 2021: Mr. Adelson and Mr. Goldstein served as our PEOs and Mr. Dumont, Mr. Hyzak and Mr. Hudson served as our
Non-PEO
NEOs.
 
 
•
  
For 2020: Mr. Adelson served as our PEO and Mr. Goldstein, Mr. Dumont, Mr. Hyzak and Mr. Hudson served as our
Non-PEO
NEOs.
 
(2)
Cumulative TSR is calculated by dividing the sum of the cumulative amount of dividends (if any) for the measurement period (determined in accordance with Item 402(v) of SEC Regulation
S-K),
assuming dividend reinvestment, and the difference between the Company’s Common Stock price at the end and the beginning of the measurement period by our Common Stock price at the beginning of the measurement period.
 
(3)
For purposes of this disclosure, our peer group, the DJ U.S. Gambling Index, is the same peer group used for purposes of the performance graph included in the Company’s Annual Report on Form
10-K
for each of the fiscal years ended December 31, 2023, 2022, 2021 and 2020.
 
(4)
In 2022, the Company had a net loss from continuing operations of $1.54 billion, which excludes the net income from the Las Vegas operations as that is disclosed as a discontinued operation. The Las Vegas operations included a gain on the sale of $2.85 billion.
 
(5)
Refer to Annex A, which includes a reconciliation of
non-GAAP
consolidated adjusted property EBITDA to net income.
 
The following table provides the adjustments relating to equity awards made to the summary compensation table total to obtain the compensation actually paid for the years indicated for our named executive officers:
 
               
NOTE
  
YEAR
  
SUMMARY
COMPENSATION
TABLE TOTAL
    
LESS:
GRANT DATE
FAIR VALUE OF
EQUITY AWARDS
INCLUDED IN
SUMMARY
COMPENSATION
TABLE
    
YEAR-END
FAIR
VALUE OF
EQUITY
GRANTED
DURING THE
APPLICABLE
YEAR
(OUTSTANDING
 AND UNVESTED 
AS OF
YEAR-END)
    
CHANGE IN FAIR
VALUE AS OF
YEAR-END
OF
EQUITY AWARDS
GRANTED IN
PRIOR YEARS
(OUTSTANDING &
UNVESTED AS OF
YEAR-END)
    
CHANGE IN FAIR
VALUE AS OF THE
VESTING DATE OF
EQUITY AWARDS
THAT VESTED
DURING THE
APPLICABLE YEAR
    
COMPENSATION
ACTUALLY PAID
  
     
(i)
  
Robert G. Goldstein
 
  
 
 
 
 
 
 
 
2023
  
$
  21,937,818
 
  
$
(9,749,944
) 
  
$
  8,289,474
 
  
$
 (5,239,700
) 
  
$
 (2,703,645
) 
  
$
 12,534,003
 
     
(ii)
  
Non-PEO
NEOs (Average)
 
  
 
 
 
 
 
 
 
2023
  
$
11,315,608
 
  
$
 (5,274,972
) 
  
$
4,901,594
 
  
$
(923,742
) 
  
$
(1,192,849
) 
  
$
8,825,639
 
Note — the Company does not have any defined benefit or pension plans. Additionally, the Company did not have any of the following adjustments per Item 402(v)(2)(C)(1) occur in the relevant fiscal periods:
 
—
awards that are granted and vest in the same fiscal year;
 
—
awards granted in prior years that were determined to fail to meet the applicable vesting conditions during the covered fiscal year; and
 
—
dollar value of any dividends or other earnings paid on stock or option awards in the covered fiscal year prior to the vesting date that were not otherwise reflected in the fair value of such award or included in any other component of total compensation for the covered fiscal year.
The
year-end
and vesting date fair values of the equity awards in the foregoing table are calculated in accordance with ASC Topic 718. Grant date fair values of stock options are calculated based on the Black-Scholes option pricing model as of the grant date; adjustments have been made using stock option fair values as of each measurement date using the stock price as of the measurement date and updated assumptions (i.e., term, volatility, dividend yield, risk free rates) as of the measurement date. Grant date fair values for restricted stock units are calculated using the stock price as of the grant date; adjustments have been made using the stock price as of fiscal year end and as of each vesting date.
As a significant amount of the values in the adjustments made to the summary compensation table total for equity awards for our Principal Executive Officer (“PEO”) and our
non-PEO
named executive officers
(“non-PEOs”)
are required by the SEC to be based on our stock price as the last day of the fiscal year or the vesting date, the values could have been materially different if other dates were selected.
       
Company Selected Measure Name   consolidated adjusted property EBITDA        
Named Executive Officers, Footnote  
 
•
  
For 2022 and 2023: Mr. Goldstein served as our PEO and Mr. Dumont, Mr. Hyzak and Mr. Hudson served as our
Non-PEO
NEOs.
 
 
•
  
For 2021: Mr. Adelson and Mr. Goldstein served as our PEOs and Mr. Dumont, Mr. Hyzak and Mr. Hudson served as our
Non-PEO
NEOs.
 
 
•
  
For 2020: Mr. Adelson served as our PEO and Mr. Goldstein, Mr. Dumont, Mr. Hyzak and Mr. Hudson served as our
Non-PEO
NEOs.
       
Peer Group Issuers, Footnote   For purposes of this disclosure, our peer group, the DJ U.S. Gambling Index, is the same peer group used for purposes of the performance graph included in the Company’s Annual Report on Form
10-K
for each of the fiscal years ended December 31, 2023, 2022, 2021 and 2020. 		       
Adjustment To PEO Compensation, Footnote  
The following table provides the adjustments relating to equity awards made to the summary compensation table total to obtain the compensation actually paid for the years indicated for our named executive officers:
 
               
NOTE
  
YEAR
  
SUMMARY
COMPENSATION
TABLE TOTAL
    
LESS:
GRANT DATE
FAIR VALUE OF
EQUITY AWARDS
INCLUDED IN
SUMMARY
COMPENSATION
TABLE
    
YEAR-END
FAIR
VALUE OF
EQUITY
GRANTED
DURING THE
APPLICABLE
YEAR
(OUTSTANDING
 AND UNVESTED 
AS OF
YEAR-END)
    
CHANGE IN FAIR
VALUE AS OF
YEAR-END
OF
EQUITY AWARDS
GRANTED IN
PRIOR YEARS
(OUTSTANDING &
UNVESTED AS OF
YEAR-END)
    
CHANGE IN FAIR
VALUE AS OF THE
VESTING DATE OF
EQUITY AWARDS
THAT VESTED
DURING THE
APPLICABLE YEAR
    
COMPENSATION
ACTUALLY PAID
  
     
(i)
  
Robert G. Goldstein
 
  
 
 
 
 
 
 
 
2023
  
$
  21,937,818
 
  
$
(9,749,944
) 
  
$
  8,289,474
 
  
$
 (5,239,700
) 
  
$
 (2,703,645
) 
  
$
 12,534,003
 
     
(ii)
  
Non-PEO
NEOs (Average)
 
  
 
 
 
 
 
 
 
2023
  
$
11,315,608
 
  
$
 (5,274,972
) 
  
$
4,901,594
 
  
$
(923,742
) 
  
$
(1,192,849
) 
  
$
8,825,639
 
Note — the Company does not have any defined benefit or pension plans. Additionally, the Company did not have any of the following adjustments per Item 402(v)(2)(C)(1) occur in the relevant fiscal periods:
 
—
awards that are granted and vest in the same fiscal year;
 
—
awards granted in prior years that were determined to fail to meet the applicable vesting conditions during the covered fiscal year; and
 
—
dollar value of any dividends or other earnings paid on stock or option awards in the covered fiscal year prior to the vesting date that were not otherwise reflected in the fair value of such award or included in any other component of total compensation for the covered fiscal year.
The
year-end
and vesting date fair values of the equity awards in the foregoing table are calculated in accordance with ASC Topic 718. Grant date fair values of stock options are calculated based on the Black-Scholes option pricing model as of the grant date; adjustments have been made using stock option fair values as of each measurement date using the stock price as of the measurement date and updated assumptions (i.e., term, volatility, dividend yield, risk free rates) as of the measurement date. Grant date fair values for restricted stock units are calculated using the stock price as of the grant date; adjustments have been made using the stock price as of fiscal year end and as of each vesting date.
As a significant amount of the values in the adjustments made to the summary compensation table total for equity awards for our Principal Executive Officer (“PEO”) and our
non-PEO
named executive officers
(“non-PEOs”)
are required by the SEC to be based on our stock price as the last day of the fiscal year or the vesting date, the values could have been materially different if other dates were selected.
       
Non-PEO NEO Average Total Compensation Amount   $ 11,315,608 $ 5,634,384 $ 12,095,245   $ 2,663,400
Non-PEO NEO Average Compensation Actually Paid Amount   $ 8,825,639 14,578,252 12,806,858   3,462,239
Adjustment to Non-PEO NEO Compensation Footnote  
The following table provides the adjustments relating to equity awards made to the summary compensation table total to obtain the compensation actually paid for the years indicated for our named executive officers:
 
               
NOTE
  
YEAR
  
SUMMARY
COMPENSATION
TABLE TOTAL
    
LESS:
GRANT DATE
FAIR VALUE OF
EQUITY AWARDS
INCLUDED IN
SUMMARY
COMPENSATION
TABLE
    
YEAR-END
FAIR
VALUE OF
EQUITY
GRANTED
DURING THE
APPLICABLE
YEAR
(OUTSTANDING
 AND UNVESTED 
AS OF
YEAR-END)
    
CHANGE IN FAIR
VALUE AS OF
YEAR-END
OF
EQUITY AWARDS
GRANTED IN
PRIOR YEARS
(OUTSTANDING &
UNVESTED AS OF
YEAR-END)
    
CHANGE IN FAIR
VALUE AS OF THE
VESTING DATE OF
EQUITY AWARDS
THAT VESTED
DURING THE
APPLICABLE YEAR
    
COMPENSATION
ACTUALLY PAID
  
     
(i)
  
Robert G. Goldstein
 
  
 
 
 
 
 
 
 
2023
  
$
  21,937,818
 
  
$
(9,749,944
) 
  
$
  8,289,474
 
  
$
 (5,239,700
) 
  
$
 (2,703,645
) 
  
$
 12,534,003
 
     
(ii)
  
Non-PEO
NEOs (Average)
 
  
 
 
 
 
 
 
 
2023
  
$
11,315,608
 
  
$
 (5,274,972
) 
  
$
4,901,594
 
  
$
(923,742
) 
  
$
(1,192,849
) 
  
$
8,825,639
 
Note — the Company does not have any defined benefit or pension plans. Additionally, the Company did not have any of the following adjustments per Item 402(v)(2)(C)(1) occur in the relevant fiscal periods:
 
—
awards that are granted and vest in the same fiscal year;
 
—
awards granted in prior years that were determined to fail to meet the applicable vesting conditions during the covered fiscal year; and
 
—
dollar value of any dividends or other earnings paid on stock or option awards in the covered fiscal year prior to the vesting date that were not otherwise reflected in the fair value of such award or included in any other component of total compensation for the covered fiscal year.
The
year-end
and vesting date fair values of the equity awards in the foregoing table are calculated in accordance with ASC Topic 718. Grant date fair values of stock options are calculated based on the Black-Scholes option pricing model as of the grant date; adjustments have been made using stock option fair values as of each measurement date using the stock price as of the measurement date and updated assumptions (i.e., term, volatility, dividend yield, risk free rates) as of the measurement date. Grant date fair values for restricted stock units are calculated using the stock price as of the grant date; adjustments have been made using the stock price as of fiscal year end and as of each vesting date.
As a significant amount of the values in the adjustments made to the summary compensation table total for equity awards for our Principal Executive Officer (“PEO”) and our
non-PEO
named executive officers
(“non-PEOs”)
are required by the SEC to be based on our stock price as the last day of the fiscal year or the vesting date, the values could have been materially different if other dates were selected.
       
Compensation Actually Paid vs. Total Shareholder Return  
The following graph reflects (a) the relationship between our TSR and the TSR of our peer group over the last four years, as well as (b) the relationship between the compensation actually paid to our named executive officers and our TSR over the same period.
Due to the annual RSU opportunity comprising 52% and 39% of the annual compensation of our CEO and our other named executive officers, respectively, TSR is an appropriate metric against which to evaluate executive performance and compensation. We know from our regular and extensive discussions with key stockholders that this measurement is the one most frequently proposed by investors, for whom the vast majority are themselves measured by the absolute and relative TSR of the companies in which they invest, thereby providing strong alignment of executive leadership incentives.
Our TSR in 2023 reverted to being broadly
in-line
with our peer group following a period of out performance in 2022 (the latter reflecting the recovery of our Singapore business following the impacts of the
COVID-19
pandemic). A similar recovery profile followed in our Macao business during 2023, but global investor sentiment toward stocks with significant exposure to the economy in China declined significantly. A relatively
in-line
TSR performance relative to our peer-group (the majority of which have significantly less proportionate exposure to China) should be considered in that context.
 
 
LOGO
 
  *
Represents Mr. Adelson as PEO for 2020, Mr. Adelson and Mr. Goldstein as PEOs for 2021 (using the sum of the compensation actually paid to both of them for 2021), and Mr. Goldstein as PEO for 2022 and 2023.
 
        
Compensation Actually Paid vs. Net Income  
The following graph illustrates the relationship between the compensation actually paid to our named executive officers and our net income (loss) and consolidated adjusted property EBITDA in the annual periods from 2020 to 2023 inclusive. Prior to the impact of the COVID-19 pandemic, the Company produced record consolidated adjusted property EBITDA in 2019 with strong operating results across both Macao and Singapore. In 2020 through 2022, our operating and financial results declined due to the impact of the COVID-19 pandemic with visitation to both Macao and Singapore decreasing due to travel restrictions. This resulted in consolidated net losses from continuing operations, reduced consolidated adjusted property EBITDA figures and lower cash flow from operations for three consecutive years. Our management team continued to make strategic capital investments, which are benefiting our operations in both Macao and Singapore today. Despite worsening conditions in Macao in 2022, our consolidated adjusted property EBITDA began to improve due to a limited recovery in Singapore. We only had consolidated net income in 2022 due to the sale of our Las Vegas operations and assets (see note below). Our consolidated adjusted property EBITDA grew meaningfully in 2023, reflecting improved operating conditions in both our Macao and Singapore operations as our teams were prepared to leverage the luxury amenities put in place to capitalize on the increased visitation due to the COVID-19 pandemic restrictions being eliminated. Net income was positive for the second consecutive year in 2023 and increased slightly year-over-year despite 2022 net income including the result of gains realized on the sale of our Las Vegas operations and assets (see note below).
We believe the compensation actually paid to our named executive officers in 2023 is justified as a result of successfully executing a significant recovery in both our Singapore and Macao businesses, with Singapore exceeding 2019 results and Macao EBITDA being 70% of 2019 results. We also continue to execute our capital expenditure programs in these locations as well as actively pursuing potential development opportunities in other markets.
 
 
LOGO
 
  *
Represents Mr. Adelson as PEO for 2020, Mr. Adelson and Mr. Goldstein as PEOs for 2021 (using the sum of the compensation actually paid to both of them for 2021), and Mr. Goldstein as PEO for 2022 and 2023.
 
  †
In 2022, the Company had a net loss from continuing operations of $1.54 billion, which excludes the net income from the Las Vegas operations as that is disclosed as a discontinued operation. The Las Vegas operations included a gain on the sale of $2.85 billion.
 
        
Compensation Actually Paid vs. Company Selected Measure  
The following graph illustrates the relationship between the compensation actually paid to our named executive officers and our net income (loss) and consolidated adjusted property EBITDA in the annual periods from 2020 to 2023 inclusive. Prior to the impact of the COVID-19 pandemic, the Company produced record consolidated adjusted property EBITDA in 2019 with strong operating results across both Macao and Singapore. In 2020 through 2022, our operating and financial results declined due to the impact of the COVID-19 pandemic with visitation to both Macao and Singapore decreasing due to travel restrictions. This resulted in consolidated net losses from continuing operations, reduced consolidated adjusted property EBITDA figures and lower cash flow from operations for three consecutive years. Our management team continued to make strategic capital investments, which are benefiting our operations in both Macao and Singapore today. Despite worsening conditions in Macao in 2022, our consolidated adjusted property EBITDA began to improve due to a limited recovery in Singapore. We only had consolidated net income in 2022 due to the sale of our Las Vegas operations and assets (see note below). Our consolidated adjusted property EBITDA grew meaningfully in 2023, reflecting improved operating conditions in both our Macao and Singapore operations as our teams were prepared to leverage the luxury amenities put in place to capitalize on the increased visitation due to the COVID-19 pandemic restrictions being eliminated. Net income was positive for the second consecutive year in 2023 and increased slightly year-over-year despite 2022 net income including the result of gains realized on the sale of our Las Vegas operations and assets (see note below).
We believe the compensation actually paid to our named executive officers in 2023 is justified as a result of successfully executing a significant recovery in both our Singapore and Macao businesses, with Singapore exceeding 2019 results and Macao EBITDA being 70% of 2019 results. We also continue to execute our capital expenditure programs in these locations as well as actively pursuing potential development opportunities in other markets.
 
 
LOGO
 
  *
Represents Mr. Adelson as PEO for 2020, Mr. Adelson and Mr. Goldstein as PEOs for 2021 (using the sum of the compensation actually paid to both of them for 2021), and Mr. Goldstein as PEO for 2022 and 2023.
 
  †
In 2022, the Company had a net loss from continuing operations of $1.54 billion, which excludes the net income from the Las Vegas operations as that is disclosed as a discontinued operation. The Las Vegas operations included a gain on the sale of $2.85 billion.
 
        
Total Shareholder Return Vs Peer Group  
The following graph reflects (a) the relationship between our TSR and the TSR of our peer group over the last four years, as well as (b) the relationship between the compensation actually paid to our named executive officers and our TSR over the same period.
Due to the annual RSU opportunity comprising 52% and 39% of the annual compensation of our CEO and our other named executive officers, respectively, TSR is an appropriate metric against which to evaluate executive performance and compensation. We know from our regular and extensive discussions with key stockholders that this measurement is the one most frequently proposed by investors, for whom the vast majority are themselves measured by the absolute and relative TSR of the companies in which they invest, thereby providing strong alignment of executive leadership incentives.
Our TSR in 2023 reverted to being broadly
in-line
with our peer group following a period of out performance in 2022 (the latter reflecting the recovery of our Singapore business following the impacts of the
COVID-19
pandemic). A similar recovery profile followed in our Macao business during 2023, but global investor sentiment toward stocks with significant exposure to the economy in China declined significantly. A relatively
in-line
TSR performance relative to our peer-group (the majority of which have significantly less proportionate exposure to China) should be considered in that context.
 
 
LOGO
 
  *
Represents Mr. Adelson as PEO for 2020, Mr. Adelson and Mr. Goldstein as PEOs for 2021 (using the sum of the compensation actually paid to both of them for 2021), and Mr. Goldstein as PEO for 2022 and 2023.
 
        
Tabular List, Table  
— MOST IMPORTANT PERFORMANCE MEASURES
The following table lists the most important performance measures that we use to link executive compensation actually paid for our named executive officers during the year ended December 31, 2023 to the Company’s performance:
 
   
PERFORMANCE MEASURE
  
WHY MEASURE IS CONSIDERED IMPORTANT
   
Consolidated Adjusted Property EBITDA
(1)
  
This metric highlights our profitability, our effectiveness at cost control and the success of our capital allocation decisions as they relate to our mix of business and the resulting operating cash generation. We believe consolidated adjusted property EBITDA is the most relevant metric by which to measure market share in each of our key jurisdictions and is the single most important financial metric by which we measure the effectiveness of our named executive officers.
   
Liquidity
  
Maintaining a strong balance sheet and the availability of funds to fulfill our growth and capital investment ambitions is key to our short- and long-term growth.
   
ESG
  
ESG leadership is important to the Company and we also recognize the importance of ESG to all of our stakeholders, including stockholders. As such, we believe it is appropriate to ensure we continue to improve our ESG performance by tying elements of named executive officers compensation to measurable ESG goals.
 
(1)
Refer to Annex A, which includes a reconciliation of
non-GAAP
consolidated adjusted property EBITDA to net income.
       
Total Shareholder Return Amount   $ 73 71 56   88
Peer Group Total Shareholder Return Amount   76 58 78   90
Net Income (Loss)   $ 1,431,000,000 $ 1,357,000,000 $ (1,276,000,000)   $ (2,143,000,000)
Company Selected Measure Amount   4,085,000,000 732,000,000 786,000,000   (48,000,000)
Measure:: 1            
Pay vs Performance Disclosure            
Name   Consolidated Adjusted Property EBITDA        
Non-GAAP Measure Description   Refer to Annex A, which includes a reconciliation of
non-GAAP
consolidated adjusted property EBITDA to net income. 		       
Measure:: 2            
Pay vs Performance Disclosure            
Name   Liquidity        
Measure:: 3            
Pay vs Performance Disclosure            
Name   ESG        
Sheldon G. Adelson [Member]            
Pay vs Performance Disclosure            
PEO Total Compensation Amount       $ 5,784,936   $ 11,344,715
PEO Actually Paid Compensation Amount       5,393,584   $ 11,902,072
PEO Name Mr. Adelson         Mr. Adelson
Robert G. Goldstein [Member]            
Pay vs Performance Disclosure            
PEO Total Compensation Amount   $ 21,937,818 $ 11,410,263 31,204,900    
PEO Actually Paid Compensation Amount   $ 12,534,003 $ 40,267,303 $ 8,426,900    
PEO Name   Mr. Goldstein Mr. Goldstein   Mr. Goldstein  
PEO | Robert G. Goldstein [Member] | Grant Date Fair Value of Equity Awards Included In Summary Compensation [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   $ (9,749,944)        
PEO | Robert G. Goldstein [Member] | Fair Value of Equity Granted [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   8,289,474        
PEO | Robert G. Goldstein [Member] | Change in Fair Value as of Year end of Equity Awards Granted in Prior Years [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   (5,239,700)        
PEO | Robert G. Goldstein [Member] | Change in Fair Value as of the Vesting Date of Equity Awards [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   (2,703,645)        
Non-PEO NEO | Grant Date Fair Value of Equity Awards Included In Summary Compensation [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   (5,274,972)        
Non-PEO NEO | Fair Value of Equity Granted [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   4,901,594        
Non-PEO NEO | Change in Fair Value as of Year end of Equity Awards Granted in Prior Years [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   (923,742)        
Non-PEO NEO | Change in Fair Value as of the Vesting Date of Equity Awards [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   $ (1,192,849)