Las Vegas Sands Dominates Fortune 500 as Top Integrated Resort Company
Las Vegas Sands has secured its place on the 2020 Fortune 500 list. The company, known for its high-revenue properties in China, remains a major player in the gaming industry. Its financial performance in 2019 highlights its dominance, even as the sector faces challenges from the pandemic. In 2019, Las Vegas Sands reported revenue of over $13.73 billion. This figure placed it at No. 235 on the Fortune 500, making it the highest-ranked Integrated Resort company on the list. The firm also recorded a profit of nearly $2.7 billion that year.
The company’s market value now exceeds $32.4 billion. Despite its strong financial position, Las Vegas Sands recently chose not to pursue a casino licence in Japan. This decision comes as the gaming industry grapples with a nearly 60% drop in jobs due to the coronavirus pandemic. Las Vegas Sands currently employs around 50,000 workers. Other major casino operators, including MGM Resorts (No. 249), Caesars Entertainment (No. 363), and Wynn Resorts (No. 454), also earned spots on the Fortune 500 list.
Las Vegas Sands continues to lead the Integrated Resort sector despite industry-wide setbacks. Its focus on Chinese markets remains central to its revenue, while its decision to avoid Japan signals a shift in strategy. The company’s financial strength and workforce size underscore its influence in global gaming.
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