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v3.26.1

Schedule of Segment Reporting Information (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Jun. 30, 2026 | Jun. 30, 2025 | Jun. 30, 2026 | Jun. 30, 2025 | Dec. 31, 2025
Segment Reporting [Line Items] |  |  |  |  |
Net revenues | $ 3,154 | $ 3,175 | $ 6,739 | $ 6,037 |
Revenues before intercompany eliminations | 3,253 | 3,252 | 6,941 | 6,185 |
Payroll and related expenses | 561 | 506 | 1,120 | 992 |
Gaming taxes | 965 | 929 | 2,077 | 1,779 |
Other expenses | 608 | 483 | 1,204 | 940 |
Total operating expenses | 2,536 | 2,392 | 5,217 | 4,645 |
Adjusted property ebitda | 1,119 | 1,334 | 2,540 | 2,474 |
Stock-based compensation | (6) | (5) | (9) | (6) |
Corporate | (74) | (69) | (157) | (142) |
Pre-opening | (5) | (9) | (9) | (13) |
Development | (43) | (69) | (84) | (138) |
Depreciation and amortization | (350) | (371) | (707) | (733) |
Amortization of leasehold interests in land | (21) | (20) | (42) | (35) |
Gain (loss) on sale of assets and asset impairment charges | (2) | (8) | (10) | (15) |
Operating income | 618 | 783 | 1,522 | 1,392 |
Interest income | 31 | 42 | 66 | 84 |
Interest expense, net of amounts capitalized | (189) | (194) | (377) | (368) |
Other income (expense) | 1 | (22) | (2) | (23) |
Loss on modification or early retirement of debt | 0 | 0 | 0 | (5) |
Income tax expense | (88) | (90) | (195) | (153) |
Net income | 373 | 519 | 1,014 | 927 |
Total stock-based compensation expense | 15 | 17 | 39 | 26 |
Capital expenditures |  |  | 526 | 665 |
Assets | 19,909 |  | 19,909 |  | $ 21,920
All Segments [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Total operating expenses | 2,134 | 1,918 | 4,401 | 3,711 |
Corporate and Other [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Capital expenditures |  |  | 34 | 26 |
Assets | 3,001 |  | 3,001 |  | 3,614
Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Net revenues | 1,776 | 1,787 | 3,875 | 3,487 |
Revenues before intercompany eliminations | 1,790 | 1,797 | 3,904 | 3,506 |
Payroll and related expenses | 354 | 322 | 709 | 636 |
Gaming taxes | 716 | 686 | 1,556 | 1,328 |
Other expenses | 290 | 223 | 576 | 441 |
Total operating expenses | 1,360 | 1,231 | 2,841 | 2,405 |
Adjusted property ebitda | 430 | 566 | 1,063 | 1,101 |
Capital expenditures |  |  | 175 | 335 |
Assets | 9,598 |  | 9,598 |  | 10,546
Macao [Member] | The Venetian Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Net revenues | 589 | 661 | 1,297 | 1,297 |
Revenues before intercompany eliminations | 591 | 663 | 1,301 | 1,301 |
Payroll and related expenses | 117 | 110 | 237 | 218 |
Gaming taxes | 227 | 251 | 494 | 486 |
Other expenses | 82 | 66 | 167 | 136 |
Total operating expenses | 426 | 427 | 898 | 840 |
Adjusted property ebitda | 165 | 236 | 403 | 461 |
Capital expenditures |  |  | 104 | 86 |
Assets | 2,336 |  | 2,336 |  | 2,689
Macao [Member] | The Londoner Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Net revenues | 710 | 642 | 1,464 | 1,171 |
Revenues before intercompany eliminations | 710 | 642 | 1,464 | 1,171 |
Payroll and related expenses | 116 | 100 | 230 | 196 |
Gaming taxes | 301 | 259 | 619 | 469 |
Other expenses | 101 | 78 | 200 | 148 |
Total operating expenses | 518 | 437 | 1,049 | 813 |
Adjusted property ebitda | 192 | 205 | 415 | 358 |
Capital expenditures |  |  | 39 | 229 |
Assets | 4,334 |  | 4,334 |  | 4,635
Macao [Member] | The Parisian Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Net revenues | 218 | 194 | 447 | 421 |
Revenues before intercompany eliminations | 218 | 194 | 447 | 421 |
Payroll and related expenses | 51 | 49 | 102 | 98 |
Gaming taxes | 87 | 72 | 182 | 156 |
Other expenses | 42 | 29 | 79 | 57 |
Total operating expenses | 180 | 150 | 363 | 311 |
Adjusted property ebitda | 38 | 44 | 84 | 110 |
Capital expenditures |  |  | 21 | 9 |
Assets | 1,565 |  | 1,565 |  | 1,636
Macao [Member] | The Plaza Macao and Four Seasons Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Net revenues | 137 | 194 | 427 | 402 |
Revenues before intercompany eliminations | 137 | 194 | 427 | 402 |
Payroll and related expenses | 30 | 28 | 60 | 55 |
Gaming taxes | 59 | 74 | 177 | 155 |
Other expenses | 28 | 26 | 56 | 52 |
Total operating expenses | 117 | 128 | 293 | 262 |
Adjusted property ebitda | 20 | 66 | 134 | 140 |
Capital expenditures |  |  | 6 | 5 |
Assets | 932 |  | 932 |  | 953
Macao [Member] | Sands Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Net revenues | 95 | 71 | 188 | 146 |
Revenues before intercompany eliminations | 95 | 71 | 188 | 146 |
Payroll and related expenses | 28 | 23 | 55 | 46 |
Gaming taxes | 42 | 30 | 84 | 62 |
Other expenses | 14 | 9 | 29 | 19 |
Total operating expenses | 84 | 62 | 168 | 127 |
Adjusted property ebitda | 11 | 9 | 20 | 19 |
Capital expenditures |  |  | 5 | 6 |
Assets | 260 |  | 260 |  | 258
Macao [Member] | Ferry Operations and Other [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Net revenues | 27 | 25 | 52 | 50 |
Revenues before intercompany eliminations | 39 | 33 | 77 | 65 |
Payroll and related expenses | 12 | 12 | 25 | 23 |
Gaming taxes | 0 | 0 | 0 | 0 |
Other expenses | 23 | 15 | 45 | 29 |
Total operating expenses | 35 | 27 | 70 | 52 |
Adjusted property ebitda | 4 | 6 | 7 | 13 |
Assets | 171 |  | 171 |  | 375
Singapore [Member] | Marina Bay Sands [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Net revenues | 1,378 | 1,388 | 2,864 | 2,550 |
Revenues before intercompany eliminations | 1,380 | 1,388 | 2,867 | 2,551 |
Payroll and related expenses | 207 | 184 | 411 | 356 |
Gaming taxes | 249 | 243 | 521 | 451 |
Other expenses | 235 | 193 | 458 | 371 |
Total operating expenses | 691 | 620 | 1,390 | 1,178 |
Adjusted property ebitda | 689 | 768 | 1,477 | 1,373 |
Capital expenditures |  |  | 317 | 304 |
Assets | 7,310 |  | 7,310 |  | $ 7,760
United States [Member] | Corporate and Other [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Net revenues | 0 | 0 | 0 | 0 |
Revenues before intercompany eliminations | 83 | 67 | 170 | 128 |
Payroll and related expenses | 0 | 0 | 0 | 0 |
Gaming taxes | 0 | 0 | 0 | 0 |
Other expenses | 83 | 67 | 170 | 128 |
Total operating expenses | 83 | 67 | 170 | 128 |
Adjusted property ebitda | 0 | 0 | 0 | 0 |
Intersegment Eliminations [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Net revenues | (99) | (77) | (202) | (148) |
Intersegment Eliminations [Member] | Macao [Member] | Macao Operating Segments [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Net revenues | (14) | (10) | (29) | (19) |
Intersegment Eliminations [Member] | Macao [Member] | The Venetian Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Net revenues | (2) | (2) | (4) | (4) |
Intersegment Eliminations [Member] | Macao [Member] | The Londoner Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Net revenues | 0 | 0 | 0 | 0 |
Intersegment Eliminations [Member] | Macao [Member] | The Parisian Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Net revenues | 0 | 0 | 0 | 0 |
Intersegment Eliminations [Member] | Macao [Member] | The Plaza Macao and Four Seasons Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Net revenues | 0 | 0 | 0 | 0 |
Intersegment Eliminations [Member] | Macao [Member] | Sands Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Net revenues | 0 | 0 | 0 | 0 |
Intersegment Eliminations [Member] | Macao [Member] | Ferry Operations and Other [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Net revenues | (12) | (8) | (25) | (15) |
Intersegment Eliminations [Member] | Singapore [Member] | Marina Bay Sands [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Net revenues | (2) | 0 | (3) | (1) |
Intersegment Eliminations [Member] | United States [Member] | Corporate and Other [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Net revenues | (83) | (67) | (170) | (128) |
Location, Statement of Income, Balance [Axis]: lvs:CorporateExpense |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Total stock-based compensation expense | 9 | 12 | 30 | 20 |
Casino [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 2,341 | 2,415 | 5,080 | 4,542 |
Net revenues | 2,341 | 2,415 | 5,080 | 4,542 |
Casino [Member] | Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 1,317 | 1,347 | 2,930 | 2,617 |
Casino [Member] | Macao [Member] | The Venetian Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 457 | 524 | 1,013 | 1,019 |
Casino [Member] | Macao [Member] | The Londoner Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 548 | 495 | 1,132 | 897 |
Casino [Member] | Macao [Member] | The Parisian Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 165 | 143 | 341 | 316 |
Casino [Member] | Macao [Member] | The Plaza Macao and Four Seasons Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 59 | 122 | 271 | 254 |
Casino [Member] | Macao [Member] | Sands Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 88 | 63 | 173 | 131 |
Casino [Member] | Macao [Member] | Ferry Operations and Other [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 0 | 0 | 0 | 0 |
Casino [Member] | Singapore [Member] | Marina Bay Sands [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 1,024 | 1,068 | 2,150 | 1,925 |
Casino [Member] | United States [Member] | Corporate and Other [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 0 | 0 | 0 | 0 |
Rooms [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 359 | 345 | 736 | 669 |
Net revenues | 359 | 345 | 736 | 669 |
Rooms [Member] | Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 208 | 211 | 430 | 406 |
Rooms [Member] | Macao [Member] | The Venetian Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 43 | 50 | 94 | 103 |
Rooms [Member] | Macao [Member] | The Londoner Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 100 | 95 | 204 | 168 |
Rooms [Member] | Macao [Member] | The Parisian Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 32 | 34 | 65 | 69 |
Rooms [Member] | Macao [Member] | The Plaza Macao and Four Seasons Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 28 | 28 | 58 | 57 |
Rooms [Member] | Macao [Member] | Sands Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 5 | 4 | 9 | 9 |
Rooms [Member] | Macao [Member] | Ferry Operations and Other [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 0 | 0 | 0 | 0 |
Rooms [Member] | Singapore [Member] | Marina Bay Sands [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 151 | 134 | 306 | 263 |
Rooms [Member] | United States [Member] | Corporate and Other [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 0 | 0 | 0 | 0 |
Food and Beverage [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 168 | 147 | 344 | 288 |
Net revenues | 168 | 147 | 344 | 288 |
Food and Beverage [Member] | Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 70 | 63 | 147 | 123 |
Food and Beverage [Member] | Macao [Member] | The Venetian Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 15 | 15 | 34 | 30 |
Food and Beverage [Member] | Macao [Member] | The Londoner Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 31 | 27 | 65 | 51 |
Food and Beverage [Member] | Macao [Member] | The Parisian Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 14 | 11 | 28 | 23 |
Food and Beverage [Member] | Macao [Member] | The Plaza Macao and Four Seasons Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 8 | 7 | 15 | 14 |
Food and Beverage [Member] | Macao [Member] | Sands Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 2 | 3 | 5 | 5 |
Food and Beverage [Member] | Macao [Member] | Ferry Operations and Other [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 0 | 0 | 0 | 0 |
Food and Beverage [Member] | Singapore [Member] | Marina Bay Sands [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 98 | 84 | 197 | 165 |
Food and Beverage [Member] | United States [Member] | Corporate and Other [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 0 | 0 | 0 | 0 |
Mall [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Net revenues | 198 | 187 | 402 | 373 |
Mall [Member] | Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Net revenues | 131 | 125 | 266 | 249 |
Mall [Member] | Macao [Member] | The Venetian Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Net revenues | 62 | 62 | 128 | 121 |
Mall [Member] | Macao [Member] | The Londoner Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Net revenues | 23 | 21 | 48 | 42 |
Mall [Member] | Macao [Member] | The Parisian Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Net revenues | 5 | 5 | 9 | 10 |
Mall [Member] | Macao [Member] | The Plaza Macao and Four Seasons Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Net revenues | 41 | 37 | 81 | 76 |
Mall [Member] | Macao [Member] | Sands Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Net revenues | 0 | 0 | 0 | 0 |
Mall [Member] | Macao [Member] | Ferry Operations and Other [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Net revenues | 0 | 0 | 0 | 0 |
Mall [Member] | Singapore [Member] | Marina Bay Sands [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Net revenues | 67 | 62 | 136 | 124 |
Mall [Member] | United States [Member] | Corporate and Other [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Net revenues | 0 | 0 | 0 | 0 |
Convention, Retail and Other [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 88 | 81 | 177 | 165 |
Net revenues | 88 | 81 | 177 | 165 |
Convention, Retail and Other [Member] | Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 50 | 41 | 102 | 92 |
Convention, Retail and Other [Member] | Macao [Member] | The Venetian Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 12 | 10 | 28 | 24 |
Convention, Retail and Other [Member] | Macao [Member] | The Londoner Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 8 | 4 | 15 | 13 |
Convention, Retail and Other [Member] | Macao [Member] | The Parisian Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 2 | 1 | 4 | 3 |
Convention, Retail and Other [Member] | Macao [Member] | The Plaza Macao and Four Seasons Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 1 | 0 | 2 | 1 |
Convention, Retail and Other [Member] | Macao [Member] | Sands Macao [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 0 | 1 | 1 | 1 |
Convention, Retail and Other [Member] | Macao [Member] | Ferry Operations and Other [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 27 | 25 | 52 | 50 |
Convention, Retail and Other [Member] | Singapore [Member] | Marina Bay Sands [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | 38 | 40 | 75 | 73 |
Convention, Retail and Other [Member] | United States [Member] | Corporate and Other [Member] |  |  |  |  |
Segment Reporting [Line Items] |  |  |  |  |
Revenue from contract with customer | $ 0 | $ 0 | $ 0 | $ 0 |

X
- Definition Net income 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. + References No definition available. + Details
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