In 1989 partners Sheldon Adelson, Richard Katzeff, Irwin Chafetz, Ted Cutler, and Jordan Shapiro bought the Sands Hotel in Las Vegas.
The partners opened the Sands Expo and Convention Center in 1990 in front of the Sands Hotel.
Within a few years the Sands was unable to compete with other Las Vegas hotels and was imploded to make room for The Venetian. The Venetian was modeled after hotels in Venice, Italy.
In addition to The Venetian, today Las Vegas Sands majority owns and operates The Venetian Macau on the Cotai Strip in Macau, China, two other properties in Macau, and the Marina Bay Sands in Singapore.
Las Vegas Sands trades publicly on the New York Stock exchange under the ticker symbol LVS, is a member of the S&P 500, is #85 in Fortune’s Fastest Growing Companies, is #211 in the Fortune 500, $3.6 billion in revenue in 2020.
