þ | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
Nevada
(State or other jurisdiction of incorporation or organization) |
27-0099920
(IRS Employer Identification No.) |
|
3355 Las Vegas Boulevard South
Las Vegas, Nevada (Address of principal executive offices) |
89109
(Zip Code) |
Title of Each Class | Name of Each Exchange on Which Registered | |
Common Stock ($0.001 par value) | New York Stock Exchange |
Large accelerated filer þ | Accelerated filer o | Non-accelerated filer o | Smaller reporting company o | |||
(Do not check if a smaller reporting company) |
Description of document | Part of the Form 10-K | |
Portions of the definitive Proxy Statement to be used in connection with the registrants 2011 Annual Meeting of Stockholders | Part III (Item 10 through Item 14) |
Page | ||||||||
|
||||||||
|
||||||||
3 | ||||||||
|
||||||||
25 | ||||||||
|
||||||||
41 | ||||||||
|
||||||||
41 | ||||||||
|
||||||||
42 | ||||||||
|
||||||||
44 | ||||||||
|
||||||||
|
||||||||
45 | ||||||||
|
||||||||
47 | ||||||||
|
||||||||
48 | ||||||||
|
||||||||
69 | ||||||||
|
||||||||
71 | ||||||||
|
||||||||
129 | ||||||||
|
||||||||
129 | ||||||||
|
||||||||
130 | ||||||||
|
||||||||
|
||||||||
131 | ||||||||
|
||||||||
131 | ||||||||
|
||||||||
131 | ||||||||
|
||||||||
131 | ||||||||
|
||||||||
131 | ||||||||
|
||||||||
|
||||||||
132 | ||||||||
|
||||||||
Exhibit 10.34 | ||||||||
Exhibit 10.48 | ||||||||
Exhibit 10.51 | ||||||||
Exhibit 10.57 | ||||||||
Exhibit 10.60 | ||||||||
Exhibit 10.82 | ||||||||
Exhibit 21.1 | ||||||||
Exhibit 23.1 | ||||||||
Exhibit 31.1 | ||||||||
Exhibit 31.2 | ||||||||
Exhibit 32.1 | ||||||||
Exhibit 32.2 |
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
ITEM 1.
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
ITEM 1A.
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
ITEM 1B.
ITEM 2.
Table of Contents
ITEM 3.
Table of Contents
Table of Contents
ITEM 4.
Table of Contents
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
ITEM 5.
High
Low
$
9.15
$
1.38
$
11.84
$
3.08
$
20.73
$
6.32
$
18.84
$
12.95
$
22.49
$
14.88
$
27.84
$
18.08
$
35.90
$
20.73
$
55.47
$
34.61
$
51.05
$
44.11
Preferred Stock
Dividends Paid to
Preferred Stock
Total Preferred
Board of Directors
Principal
Dividends Paid to
Stock
Declaration Date
Payment Date
Stockholders Family
Public Holders
Dividends Paid
February 17, 2009
$
13,125
$
11,347
$
24,472
May 15, 2009
13,125
10,400
23,525
August 17, 2009
13,125
10,225
23,350
November 16, 2009
13,125
10,225
23,350
$
94,697
February 16, 2010
$
13,125
$
10,225
$
23,350
March 17, 2010
13,125
10,225
23,350
August 16, 2010
13,125
10,225
23,350
November 15, 2010
13,125
10,225
23,350
$
93,400
February 15, 2011
$
13,125
$
6,473
$
19,598
Table of Contents
Cumulative Total Return
12/31/05
12/31/06
12/31/07
12/31/08
12/31/09
12/31/10
$
100.00
$
226.70
$
261.08
$
15.02
$
37.85
$
116.42
$
100.00
$
115.80
$
122.16
$
76.96
$
97.33
$
111.99
$
100.00
$
145.71
$
167.28
$
44.99
$
70.06
$
121.28
Table of Contents
ITEM 6.
Year Ended December 31,
2010(1)
2009(2)(3)
2008(4)
2007(5)
2006
(In thousands, except per share data)
$
7,317,937
$
4,929,444
$
4,735,126
$
3,104,422
$
2,340,178
(464,755
)
(366,339
)
(345,180
)
(153,855
)
(103,319
)
6,853,182
4,563,105
4,389,946
2,950,567
2,236,859
5,672,596
4,591,845
4,226,283
2,620,557
1,662,762
1,180,586
(28,740
)
163,663
330,010
574,097
(297,866
)
(310,748
)
(402,039
)
(172,344
)
(69,662
)
(8,260
)
(9,891
)
19,492
(8,682
)
(189
)
(18,555
)
(23,248
)
(9,141
)
(10,705
)
855,905
(372,627
)
(228,025
)
138,279
504,246
(74,302
)
3,884
59,700
(21,591
)
(62,243
)
781,603
(368,743
)
(168,325
)
116,688
442,003
(182,209
)
14,264
4,767
599,394
(354,479
)
(163,558
)
116,688
442,003
(92,807
)
(93,026
)
(13,638
)
(92,545
)
(92,545
)
(11,568
)
(6,579
)
$
407,463
$
(540,050
)
$
(188,764
)
$
116,688
$
442,003
$
0.61
$
(0.82
)
$
(0.48
)
$
0.33
$
1.25
$
0.51
$
(0.82
)
$
(0.48
)
$
0.33
$
1.24
$
2,023,981
$
2,092,896
$
3,789,008
$
3,793,703
$
1,925,291
December 31,
2010
2009(6)
2008
2007
2006
(In thousands)
$
21,044,308
$
20,572,106
$
17,144,113
$
11,466,517
$
7,126,458
$
9,373,755
$
10,852,147
$
10,356,115
$
7,517,997
$
4,136,152
$
503,379
$
410,834
$
318,289
$
$
$
6,662,991
$
5,850,699
$
4,422,108
$
2,260,274
$
2,075,154
(1)
(2)
(3)
(4)
(5)
(6)
Table of Contents
ITEM 7.
Table of Contents
Table of Contents
Year Ended December 31,
Percent
Percent
2010
Change
2009
Change
2008
(Dollars in thousands)
$
6,853,182
50.2
%
$
4,563,105
3.9
%
$
4,389,946
5,672,596
23.5
%
4,591,845
8.6
%
4,226,283
1,180,586
4,207.8
%
(28,740
)
(117.6
)%
163,663
855,905
329.7
%
(372,627
)
(63.4
)%
(228,025
)
781,603
312.0
%
(368,743
)
(119.1
)%
(168,325
)
599,394
269.1
%
(354,479
)
(116.7
)%
(163,558
)
Percent of Net Revenues
Year Ended December 31,
2010
2009
2008
82.8
%
100.6
%
96.3
%
17.2
%
(0.6
)%
3.7
%
12.5
%
(8.2
)%
(5.2
)%
11.4
%
(8.1
)%
(3.8
)%
8.7
%
(7.8
)%
(3.7
)%
Table of Contents
Year Ended December 31,
2010
2009
Percent Change
(Dollars in thousands)
$
5,533,088
$
3,524,798
57.0
%
797,499
657,783
21.2
%
446,558
327,699
36.3
%
540,792
419,164
29.0
%
7,317,937
4,929,444
48.5
%
(464,755
)
(366,339
)
26.9
%
$
6,853,182
$
4,563,105
50.2
%
Year Ended December 31,
2010
2009
Change
(Dollars in thousands)
$
2,086,668
$
1,699,599
22.8
%
$
3,737,693
$
3,362,780
11.1
%
26.2
%
23.6
%
2.6
pts
$
42,650,092
$
37,701,027
13.1
%
3.07
%
2.80
%
0.27
pts
$
2,926,606
$
2,362,680
23.9
%
7.1
%
7.4
%
(0.3
)pts
$
1,168,117
$
1,003,042
16.5
%
$
2,512,122
$
2,413,446
4.1
%
20.3
%
19.5
%
0.8
pts
$
27,415,476
$
21,920,186
25.1
%
3.06
%
3.01
%
0.05
pts
$
1,599,199
$
1,256,857
27.2
%
5.9
%
6.6
%
(0.7
)pts
Table of Contents
Year Ended December 31,
2010
2009
Change
(Dollars in thousands)
$
433,424
$
207,191
109.2
%
$
391,554
$
335,655
16.7
%
29.0
%
23.7
%
5.3
pts
$
17,890,832
$
7,059,450
153.4
%
2.56
%
2.35
%
0.21
pts
$
510,392
$
240,358
112.3
%
5.9
%
5.9
%
pts
$
496,637
$
473,176
5.0
%
$
1,904,004
$
1,769,130
7.6
%
18.8
%
17.3
%
1.5
pts
$
2,549,722
$
2,705,309
(5.8
)%
7.9
%
7.5
%
0.4
pts
$
285,856
$
141,790
101.6
%
$
174,587
$
%
13.9
%
%
pts
$
3,644,250
$
2,030,529
79.5
%
7.1
%
7.0
%
0.1
pts
$
1,062,386
$
%
$
2,372,451
$
%
22.2
%
%
pts
$
22,277,677
$
%
2.74
%
%
pts
$
3,676,402
$
%
5.8
%
%
pts
Year Ended December 31,
2010
2009
Change
(Room revenues in thousands)
$
199,277
$
173,319
15.0
%
$
213
$
205
3.9
%
90.9
%
83.6
%
7.3
pts
$
194
$
171
13.5
%
$
24,495
$
26,558
(7.8
)%
$
251
$
260
(3.5
)%
93.2
%
97.7
%
(4.5
)pts
$
234
$
254
(7.9
)%
$
29,675
$
20,276
46.4
%
$
309
$
295
4.7
%
70.8
%
52.3
%
18.5
pts
$
219
$
154
42.2
%
Table of Contents
Year Ended December 31,
2010
2009
Change
(Room revenues in thousands)
$
445,458
$
437,630
1.8
%
$
191
$
195
(2.1
)%
90.7
%
87.4
%
3.3
pts
$
173
$
170
1.8
%
$
98,594
$
%
$
250
$
%
73.4
%
%
pts
$
184
$
%
Year Ended December 31,
2010
2009
Percent Change
(Dollars in thousands)
$
3,249,227
$
2,349,422
38.3
%
143,326
121,097
18.4
%
207,956
165,977
25.3
%
274,678
240,377
14.3
%
97,762
103,802
(5.8
)%
683,298
526,199
29.9
%
108,848
132,098
(17.6
)%
41,302
29,899
38.1
%
114,833
157,731
(27.2
)%
1,783
533
234.5
%
694,971
586,041
18.6
%
16,057
169,468
(90.5
)%
38,555
9,201
319.0
%
$
5,672,596
$
4,591,845
23.5
%
Table of Contents
Table of Contents
Year Ended December 31,
2010
2009
Percent Change
(Dollars in thousands)
$
809,798
$
556,547
45.5
%
318,519
244,925
30.0
%
113,692
40,527
180.5
%
(24,429
)
(32,610
)
25.1
%
310,113
259,206
19.6
%
58,982
17,566
235.8
%
641,898
%
$
2,228,573
$
1,086,161
105.2
%
Year Ended December 31,
2010
2009
(Dollars in thousands)
$
412,879
$
387,319
(106,066
)
(65,449
)
$
306,813
$
321,870
$
343,298
$
353,002
$
10,608,335
$
10,994,928
3.9
%
3.5
%
Table of Contents
Year Ended December 31,
2009
2008
Percent Change
(Dollars in thousands)
$
3,524,798
$
3,192,099
10.4
%
657,783
767,129
(14.3
)%
327,699
369,062
(11.2
)%
419,164
406,836
3.0
%
4,929,444
4,735,126
4.1
%
(366,339
)
(345,180
)
6.1
%
$
4,563,105
$
4,389,946
3.9
%
Year Ended December 31,
2009
2008
Change
(Dollars in thousands)
$
1,699,599
$
1,610,505
5.5
%
$
3,362,780
$
3,530,065
(4.7
)%
23.6
%
19.9
%
3.7
pts
$
37,701,027
$
36,893,831
2.2
%
2.80
%
2.97
%
(0.17
)pts
$
2,362,680
$
1,941,895
21.7
%
7.4
%
8.0
%
(0.6
)pts
$
1,003,042
$
1,013,063
(1.0
)%
$
2,413,446
$
2,626,877
(8.1
)%
19.5
%
18.9
%
0.6
pts
$
21,920,186
$
25,182,225
(13.0
)%
3.01
%
2.64
%
0.37
pts
$
1,256,857
$
1,039,430
20.9
%
6.6
%
7.8
%
(1.2
)pts
Table of Contents
Year Ended December 31,
2009
2008
Change
(Dollars in thousands)
$
207,191
$
46,094
349.5
%
$
335,655
$
99,849
236.2
%
23.7
%
21.1
%
2.6
pts
$
7,059,450
$
630,088
1,020.4
%
2.35
%
4.45
%
(2.1
)pts
$
240,358
$
38,238
528.6
%
5.9
%
5.6
%
0.3
pts
$
473,176
$
522,437
(9.4
)%
$
1,769,130
$
1,846,394
(4.2
)%
17.3
%
19.8
%
(2.5
)pts
$
2,705,309
$
3,666,072
(26.2
)%
7.5
%
5.7
%
1.8
pts
$
141,790
$
%
$
2,030,529
$
%
7.0
%
%
pts
Year Ended December 31,
2009
2008
Change
(Room revenues in thousands)
$
173,319
$
200,594
(13.6
)%
$
205
$
226
(9.3
)%
83.6
%
85.3
%
(1.7
)pts
$
171
$
193
(11.4
)%
$
26,558
$
27,074
(1.9
)%
$
260
$
266
(2.3
)%
97.7
%
98.4
%
(0.7
)pts
$
254
$
261
(2.7
)%
$
20,276
$
3,664
453.4
%
$
295
$
344
(14.2
)%
52.3
%
32.0
%
20.3
pts
$
154
$
110
40.0
%
$
437,630
$
535,797
(18.3
)%
$
195
$
232
(15.9
)%
87.4
%
91.3
%
(3.9
)pts
$
170
$
212
(19.8
)%
Table of Contents
Year Ended December 31,
2009
2008
Percent Change
(Dollars in thousands)
$
2,349,422
$
2,214,235
6.1
%
121,097
154,615
(21.7
)%
165,977
186,551
(11.0
)%
240,377
213,351
12.7
%
103,802
41,865
147.9
%
526,199
550,529
(4.4
)%
132,098
104,355
26.6
%
29,899
33,540
(10.9
)%
157,731
162,322
(2.8
)%
533
12,789
(95.8
)%
586,041
506,986
15.6
%
169,468
37,568
351.1
%
9,201
7,577
21.4
%
$
4,591,845
$
4,226,283
8.6
%
Table of Contents
Table of Contents
Year Ended December 31,
2009
2008
Percent Change
(Dollars in thousands)
$
556,547
$
499,025
11.5
%
244,925
214,573
14.1
%
40,527
7,567
435.6
%
(32,610
)
(49,465
)
(34.1
)%
259,206
392,139
(33.9
)%
17,566
%
$
1,086,161
$
1,063,839
2.1
%
Year Ended December 31,
2009
2008
(Dollars in thousands)
$
387,319
$
553,040
(65,449
)
(131,215
)
$
321,870
$
421,825
$
353,002
$
516,912
$
10,994,928
$
9,081,135
3.5
%
6.1
%
Table of Contents
Year Ended December 31,
2010
2009
2008
(In thousands)
$
1,870,151
$
638,613
$
124,872
(688,266
)
78,630
218,044
(2,023,981
)
(2,092,896
)
(3,789,008
)
49,735
4,203
(173,774
)
173,774
(45,303
)
(2,707,815
)
(2,010,063
)
(3,570,964
)
16,455
51
6,834
225,514
2,386,428
2,914
(93,400
)
(94,697
)
1,053,695
475,000
523,720
503,625
1,397,293
1,831,528
4,616,201
(2,600,875
)
(776,972
)
(1,725,908
)
243,928
(6,579
)
(65,965
)
(40,365
)
(91,856
)
(1,127,557
)
3,305,973
5,608,153
46,886
(17,270
)
18,952
$
(1,918,335
)
$
1,917,253
$
2,181,013
Table of Contents
Table of Contents
Payments Due by Period Ending December 31, 2010(11)
Less than
More than
1 Year
2-3 Years
4-5 Years
5 Years
Total
(In thousands)
$
21,695
$
43,389
$
753,326
$
1,338,789
$
2,157,199
4,392
8,783
154,430
269,077
436,682
2,851
80,094
200,705
283,650
189,712
189,712
3,688
7,375
7,375
59,984
78,422
910
1,820
1,138
3,868
18,000
1,465,789
1,483,789
290,264
286,765
577,029
149,861
600,069
749,930
35,002
70,004
70,005
175,011
303
337
640
387,578
775,159
2,817,698
3,980,435
716
1,454
2,170
12,189
24,270
14,110
50,569
316,510
481,966
244,408
46,683
1,089,567
Table of Contents
Payments Due by Period Ending December 31, 2010(11)
Less than
More than
1 Year
2-3 Years
4-5 Years
5 Years
Total
(In thousands)
1,669
3,197
2,985
15,155
23,006
1,667
2,967
2,503
3,368
10,505
650
1,227
800
6,000
8,677
7,000
4,392
11,392
49,432
99,146
10,016
91,497
250,091
8,812
17,694
16,926
108,621
152,053
32,525
65,050
65,050
211,414
374,039
1,200
2,400
2,400
105,900
111,900
9,314
13,004
6,830
7,931
37,079
$
1,206,367
$
3,606,143
$
5,160,486
$
2,264,419
$
12,237,415
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
ITEM 7A.
Table of Contents
Fair
2011
2012
2013
2014
2015
Thereafter
Total
Value(1)
(In millions)
$
$
$
$
$
189.7
$
$
189.7
$
193.0
%
%
%
%
6.4
%
%
6.4
%
$
764.4
$
1,480.3
$
1,408.7
$
1,544.8
$
3,060.0
$
1,667.8
$
9,926.0
$
9,526.9
3.5
%
4.1
%
3.9
%
2.6
%
2.8
%
3.0
%
3.2
%
$
$
0.2
$
1.4
$
$
$
$
1.6
$
1.6
(1)
(2)
(3)
Table of Contents
ITEM 8.
72
73
74
75
76
78
129
Table of Contents
February 28, 2011
Table of Contents
December 31,
2010
2009
(In thousands,
except share data)
$
3,037,081
$
4,955,416
164,315
118,641
716,919
460,766
32,260
27,073
61,606
26,442
46,726
35,336
4,058,907
5,623,674
14,502,197
13,351,271
155,378
138,454
645,605
10,423
22,219
1,398,840
1,209,820
89,805
50,129
183,153
176,539
$
21,044,308
$
20,572,106
$
113,505
$
82,695
516,981
778,771
42,625
18,332
1,160,234
786,192
767,068
173,315
2,600,413
1,839,305
78,240
81,959
115,219
243,928
243,928
50,808
54,272
147,378
149,074
9,373,755
10,852,147
12,609,741
13,220,685
503,379
410,834
207,356
234,607
708
660
5,444,705
5,114,851
129,519
26,748
880,703
473,833
6,662,991
5,850,699
1,268,197
1,089,888
7,931,188
6,940,587
$
21,044,308
$
20,572,106
Table of Contents
Year Ended December 31,
2010
2009
2008
(In thousands, except share and per share data)
$
5,533,088
$
3,524,798
$
3,192,099
797,499
657,783
767,129
446,558
327,699
369,062
540,792
419,164
406,836
7,317,937
4,929,444
4,735,126
(464,755
)
(366,339
)
(345,180
)
6,853,182
4,563,105
4,389,946
3,249,227
2,349,422
2,214,235
143,326
121,097
154,615
207,956
165,977
186,551
274,678
240,377
213,351
97,762
103,802
41,865
683,298
526,199
550,529
108,848
132,098
104,355
41,302
29,899
33,540
114,833
157,731
162,322
1,783
533
12,789
694,971
586,041
506,986
16,057
169,468
37,568
38,555
9,201
7,577
5,672,596
4,591,845
4,226,283
1,180,586
(28,740
)
163,663
8,947
11,122
19,786
(306,813
)
(321,870
)
(421,825
)
(8,260
)
(9,891
)
19,492
(18,555
)
(23,248
)
(9,141
)
855,905
(372,627
)
(228,025
)
(74,302
)
3,884
59,700
781,603
(368,743
)
(168,325
)
(182,209
)
14,264
4,767
599,394
(354,479
)
(163,558
)
(92,807
)
(93,026
)
(13,638
)
(92,545
)
(92,545
)
(11,568
)
(6,579
)
$
407,463
$
(540,050
)
$
(188,764
)
$
0.61
$
(0.82
)
$
(0.48
)
$
0.51
$
(0.82
)
$
(0.48
)
667,463,535
656,836,950
392,131,375
791,760,624
656,836,950
392,131,375
Table of Contents
Accumulated
Capital in
Other
Total
Preferred
Common
Excess of
Comprehensive
Retained
Comprehensive
Noncontrolling
Stock
Stock
Par Value
Income (Loss)
Earnings
Income (Loss)
Interests
Total
$
$
355
$
1,064,878
$
(2,493
)
$
1,197,534
$
4,926
$
2,265,200
(163,558
)
(163,558
)
(4,767
)
(168,325
)
20,047
20,047
20,047
(143,511
)
(4,767
)
(148,278
)
1
6,833
6,834
1,117
1,117
59,643
59,643
298,066
200
1,482,907
1,781,173
86
474,914
475,000
2,914
2,914
(6,854
)
(6,854
)
(11,568
)
(11,568
)
298,066
642
3,090,292
17,554
1,015,554
3,073
4,425,181
(354,479
)
(354,479
)
(14,264
)
(368,743
)
10,906
10,906
(602
)
10,304
(343,573
)
(14,866
)
(358,439
)
51
51
(4,965
)
(4,965
)
49,054
49,054
(63,459
)
18
63,441
519
519
1,916,459
(1,712
)
1,101,681
3,016,428
(87,843
)
(87,843
)
(6,854
)
(6,854
)
(92,545
)
(92,545
)
234,607
660
5,114,851
26,748
473,833
1,089,888
6,940,587
599,394
599,394
182,209
781,603
102,771
102,771
(4,253
)
98,518
702,165
177,956
880,121
2
16,453
16,455
(195
)
(195
)
58,120
2,698
60,818
(27,251
)
46
252,719
225,514
412
412
2,345
(2,345
)
(86,546
)
(86,546
)
(6,854
)
(6,854
)
(92,545
)
(92,545
)
(6,579
)
(6,579
)
$
207,356
$
708
$
5,444,705
$
129,519
$
880,703
$
1,268,197
$
7,931,188
Table of Contents
Year Ended December 31,
2010
2009
2008
(In thousands)
$
781,603
$
(368,743
)
$
(168,325
)
694,971
586,041
506,986
41,302
27,011
26,165
41,594
30,015
32,844
(5,160
)
(5,161
)
(5,082
)
48,843
3,756
23,248
9,141
54,612
178,669
45,145
58,021
45,545
53,854
97,762
103,802
41,865
6,819
(499
)
(28,548
)
(1,112
)
99,536
(1,339
)
(36,242
)
30,000
412
519
(332,924
)
(178,746
)
(238,425
)
(4,941
)
1,759
(8,879
)
(17,024
)
41,994
(95,744
)
(50,810
)
(117,314
)
(50,156
)
29,270
11,388
(28,228
)
23,091
3,257
3,260
348,261
227,167
17,510
1,870,151
638,613
124,872
(688,266
)
78,630
218,044
(2,023,981
)
(2,092,896
)
(3,789,008
)
49,735
4,203
(173,774
)
173,774
(45,303
)
(2,707,815
)
(2,010,063
)
(3,570,964
)
16,455
51
6,834
225,514
1,112
2,386,428
2,914
(93,400
)
(94,697
)
1,053,695
475,000
523,720
503,625
1,397,293
1,831,528
4,616,201
(2,600,875
)
(776,972
)
(1,725,908
)
243,928
(6,579
)
(65,965
)
(40,365
)
(92,968
)
(1,127,557
)
3,305,973
5,608,153
46,886
(17,270
)
18,952
(1,918,335
)
1,917,253
2,181,013
4,955,416
3,038,163
857,150
$
3,037,081
$
4,955,416
$
3,038,163
Table of Contents
Year Ended December 31,
2010
2009
2008
(In thousands)
$
237,232
$
287,553
$
385,696
$
1,285
$
(69,005
)
$
(15,542
)
$
(261,790
)
$
42,058
$
19,172
$
2,797
$
3,509
$
5,789
$
3,431
$
25,567
$
$
6,854
$
6,854
$
6,854
$
92,545
$
92,545
$
11,568
$
2,345
$
$
$
27,251
$
63,459
$
$
107,879
$
$
$
$
600,000
$
$
$
$
475,000
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
15 to 40
years
3 to 15
years
5 to 10
years
5 to 20
years
Table of Contents
Table of Contents
Table of Contents
Year Ended December 31,
2010
2009
2008
$
230,594
$
208,389
$
186,704
141,925
96,424
101,084
92,236
61,526
57,392
$
464,755
$
366,339
$
345,180
Year Ended December 31,
2010
2009
2008
$
55,433
$
54,512
$
44,158
91,215
66,344
70,988
74,160
50,264
42,573
$
220,808
$
171,120
$
157,719
Table of Contents
Year Ended December 31,
2010
2009
2008
667,463,535
656,836,950
392,131,375
124,297,089
791,760,624
656,836,950
392,131,375
9,848,266
170,731,981
184,840,819
Table of Contents
Table of Contents
December 31,
2010
2009
$
715,212
$
438,499
85,610
49,017
97,953
93,316
898,775
580,832
(181,856
)
(120,066
)
$
716,919
$
460,766
Table of Contents
December 31,
2010
2009
$
410,758
$
353,791
10,881,936
6,898,071
1,990,721
1,703,792
402,904
403,256
3,147,750
5,647,986
16,834,069
15,006,896
(2,331,872
)
(1,655,625
)
$
14,502,197
$
13,351,271
December 31,
2010
2009
$
2,005,386
$
1,847,959
379,161
328,300
337,835
3,119,935
101,960
85,159
323,408
266,633
$
3,147,750
$
5,647,986
Table of Contents
December 31,
2010
2009
$
1,066,241
$
880,175
170,702
169,568
107,402
87,639
85,334
71,745
73,162
58,308
27,221
27,318
1,530,062
1,294,753
(131,222
)
(84,933
)
$
1,398,840
$
1,209,820
Table of Contents
$
49,432
49,432
49,714
4,751
5,265
91,497
$
250,091
December 31,
2010
2009
$
95,568
$
50,000
(6,594
)
88,974
50,000
1,022
263
(191
)
(134
)
831
129
$
89,805
$
50,129
December 31,
2010
2009
$
387,776
$
237,557
270,838
162,816
184,924
115,232
161,735
156,887
154,961
113,700
$
1,160,234
$
786,192
Table of Contents
December 31,
2010
2009
$
2,157,199
$
2,925,000
720,332
987,000
775,860
188,992
248,836
108,550
78,422
82,110
23,006
24,717
3,868
4,778
1,483,789
1,501,789
577,029
584,029
479,640
67,697
749,930
175,011
210,762
640
11,016
3,980,435
3,013,678
2,170
10,140,823
11,025,462
(767,068
)
(173,315
)
$
9,373,755
$
10,852,147
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Year Ended December 31,
2010
2009
2008
$
749,305
$
$
647,988
1,221,644
1,730,515
2,075,860
444,299
600,000
9,884
218,564
146,963
$
1,397,293
$
1,831,528
$
4,616,201
$
(1,810,329
)
$
(40,000
)
$
(333,000
)
(572,337
)
(662,552
)
(17,762
)
(56,675
)
(35,055
)
(17,695
)
(3,687
)
(3,687
)
(3,687
)
(1,711
)
(849
)
(121,081
)
(34,427
)
(62,754
)
(1,326,467
)
$
(2,600,875
)
$
(776,972
)
$
(1,725,908
)
Table of Contents
Capital
Long-term
Lease Obligations
Debt
$
4,450
$
764,380
4,207
1,480,275
3,831
1,408,764
2,828
1,544,792
2,659
3,249,666
18,523
1,667,850
36,498
10,115,727
(10,682
)
$
25,816
$
10,115,727
Table of Contents
Table of Contents
Number
of Shares
Amount
$
5,250,000
299,867
11,568
6,854
5,250,000
318,289
92,545
45,646
(52,500
)
6,854
5,250,000
410,834
92,545
45,646
(52,500
)
6,854
5,250,000
$
503,379
Preferred Stock
Dividends Paid to
Preferred Stock
Total Preferred
Board of Directors
Principal
Dividends Paid to
Stock
Declaration Date
Payment Date
Stockholders Family
Public Holders
Dividends Paid
February 17, 2009
$
13,125
$
11,347
$
24,472
May 15, 2009
13,125
10,400
23,525
August 17, 2009
13,125
10,225
23,350
November 16, 2009
13,125
10,225
23,350
$
94,697
February 16, 2010
$
13,125
$
10,225
$
23,350
March 17, 2010
13,125
10,225
23,350
August 16, 2010
13,125
10,225
23,350
November 15, 2010
13,125
10,225
23,350
$
93,400
February 15, 2011
$
13,125
$
6,473
$
19,598
Table of Contents
Preferred
Common
Stock
Stock
355,271,070
181,862
26,657
(4,207
)
5,196,300
200,000,000
86,363,636
5,196,300
641,839,018
10,497
65,513
(30,663
)
(1,106,301
)
18,438,384
4,089,999
660,322,749
1,667,636
15,765
(1,730
)
(475,076
)
45,503,562
3,614,923
707,507,982
Year Ended December 31,
2010
2009
2008
$
(105,036
)
$
(427,664
)
$
(249,128
)
960,941
55,037
21,103
$
855,905
$
(372,627
)
$
(228,025
)
Year Ended December 31,
2010
2009
2008
$
(30,515
)
$
(5,742
)
$
(23,985
)
31,080
(476
)
(34,335
)
5,280
519
527
68,456
(40
)
(52
)
1
1,855
(1,855
)
$
74,302
$
(3,884
)
$
(59,700
)
Table of Contents
Year Ended December 31,
2010
2009
2008
35.0
%
(35.0
)%
(35.0
)%
(24.4
)%
1.1
%
(2.3
)%
(14.4
)%
(21.8
)%
(23.8
)%
5.5
%
9.1
%
10.5
%
44.0
%
22.4
%
0.3
%
3.8
%
2.0
%
1.7
%
1.4
%
1.4
%
8.7
%
(1.0
)%
(26.2
)%
December 31,
2010
2009
$
403,229
$
270,745
51,637
93,433
34,533
25,854
37,357
25,199
40,110
17,918
8,826
13,745
9,274
4,812
2,340
2,520
4,905
14,091
592,211
468,317
(331,275
)
(280,007
)
260,936
188,310
(293,345
)
(133,970
)
(4,022
)
(2,487
)
(6,759
)
(3,192
)
(304,126
)
(139,649
)
$
(43,190
)
$
48,661
Table of Contents
December 31,
2010
2009
2008
$
66,067
$
32,271
$
14,966
324
24,184
9,239
(6,287)
2,311
9,612
8,066
(26,646
)
$
35,769
$
66,067
$
32,271
Table of Contents
(1)
(2)
Table of Contents
$
8,043
8,043
8,043
7,725
7,497
106,302
$
145,653
Table of Contents
Table of Contents
Table of Contents
$
10,514
8,703
6,701
5,132
4,098
113,831
$
148,979
Table of Contents
$
124,545
187,165
193,783
164,103
121,512
238,669
$
1,029,777
Table of Contents
Table of Contents
2010
2009
2008
89.2
%
75.8
%
36.7
%
5.4
5.2
6.4
2.9
%
2.8
%
3.0
%
73.5
%
%
%
6.2
1.9
%
%
%
Weighted
Weighted
Average
Average
Remaining
Aggregate
Exercise
Contractual
Intrinsic
Shares
Price
Life (Years)
Value
15,000,608
$
35.39
4,496,527
21.82
(1,667,636
)
9.87
(2,205,871
)
39.22
15,623,628
$
33.67
6.69
$
338,715,503
4,741,254
$
53.61
6.21
$
46,275,097
$
26,188,600
1.63
(7,249,100
)
1.57
18,939,500
$
1.65
9.38
$
10,543,357
$
$
Table of Contents
Weighted Average
Grant Date
Shares
Fair Value
64,411
$
18.22
15,765
25.37
(55,507
)
17.65
(1,730
)
28.90
22,939
$
23.70
Year Ended December 31,
2010
2009
2008
$
56,462
$
44,544
$
50,858
1,559
1,001
2,996
$
58,021
$
45,545
$
53,854
$
$
$
12,860
$
2,797
$
3,509
$
5,789
4,497
8,822
4,973
$
15.95
$
3.52
$
26.85
16
$
25.37
$
3.52
$
26.85
$
1,668
$
139
$
8,088
$
16,455
$
64
$
6,834
$
$
$
1,117
26,189
$
1.06
$
$
$
$
$
$
$
$
$
$
$
Table of Contents
Table of Contents
Year Ended December 31,
2010
2009
2008
$
2,412,990
$
1,993,531
$
1,945,561
1,193,589
1,024,268
1,032,100
498,649
260,567
62,536
110,586
87,987
71,244
4,215,814
3,366,353
3,111,441
1,213,046
1,106,263
1,339,740
302,101
153,198
1,515,147
1,259,461
1,339,740
1,262,690
(140,469
)
(62,709
)
(61,235
)
$
6,853,182
$
4,563,105
$
4,389,946
$
809,798
$
556,547
$
499,025
318,519
244,925
214,573
113,692
40,527
7,567
(24,429
)
(32,610
)
(49,465
)
1,217,580
809,389
671,700
310,113
259,206
392,139
58,982
17,566
369,095
276,772
392,139
641,898
2,228,573
1,086,161
1,063,839
(31,638
)
(29,930
)
(35,039
)
(108,848
)
(132,098
)
(104,355
)
(41,302
)
(29,899
)
(33,540
)
(114,833
)
(157,731
)
(162,322
)
(1,783
)
(533
)
(12,789
)
(694,971
)
(586,041
)
(506,986
)
(16,057
)
(169,468
)
(37,568
)
(38,555
)
(9,201
)
(7,577
)
1,180,586
(28,740
)
163,663
Table of Contents
Year Ended December 31,
2010
2009
2008
8,947
11,122
19,786
(306,813
)
(321,870
)
(421,825
)
(8,260
)
(9,891
)
19,492
(18,555
)
(23,248
)
(9,141
)
(74,302
)
3,884
59,700
(182,209
)
14,264
4,767
$
599,394
$
(354,479
)
$
(163,558
)
(1)
Year Ended December 31,
2010
2009
2008
$
8,345
$
2,957
$
2,365
61,664
53,808
54,156
70,009
56,765
56,521
69,892
5,944
4,714
568
$
140,469
$
62,709
$
61,235
Year Ended December 31,
2010
2009
2008
$
12,215
$
36,846
$
139,650
40,895
17,627
173,744
4,708
5,887
41,455
35,708
262,662
570,481
4,025
28,727
103,464
328,824
89,377
1,111,326
21,651
65,899
577,862
45,672
247,665
307,451
1,530,283
1,338,206
763,575
$
2,023,981
$
2,092,896
$
3,789,008
December 31,
2010
2009
2008
$
1,574,180
$
1,849,596
$
707,276
3,194,598
2,886,762
3,215,472
483,678
527,737
592,998
1,155,243
1,151,028
973,892
370,525
333,122
347,369
3,140,905
2,031,327
1,860,183
3,966,754
6,893,106
6,562,124
757,993
737,062
475,256
6,400,432
4,162,366
2,409,543
$
21,044,308
$
20,572,106
$
17,144,113
Table of Contents
December 31,
2010
2009
2008
$
308,438
$
324,268
$
321,039
2,138,419
2,324,882
2,525,984
315,380
355,170
402,613
1,024,302
1,047,201
909,297
230,640
276,559
284,559
2,303,959
2,022,861
1,849,370
3,429,997
3,642,405
4,006,564
608,021
610,846
417,588
5,541,881
3,956,899
2,251,152
$
15,901,037
$
14,561,091
$
12,968,166
Table of Contents
December 31, 2010
Consolidating/
Las Vegas
Guarantor
Non-Guarantor
Eliminating
Sands Corp.
Subsidiaries
Subsidiaries
Entries
Total
$
1,031,844
$
412,226
$
1,593,011
$
$
3,037,081
2,179
162,136
164,315
11,843
65,834
22,927
(100,604
)
298
156,012
561,217
(608
)
716,919
2,174
11,755
18,331
32,260
24,496
47,389
(10,279
)
61,606
15,272
4,782
30,432
(3,760
)
46,726
1,061,431
677,284
2,435,443
(115,251
)
4,058,907
133,901
3,570,465
10,797,831
14,502,197
6,273,755
4,996,023
(11,269,778
)
767
29,198
125,413
155,378
4,616
640,989
645,605
31,996
97,813
(129,809
)
638,986
(638,986
)
62,638
(52,215
)
10,423
1,398,840
1,398,840
590
89,215
89,805
78
27,104
155,971
183,153
$
7,565,156
$
10,041,489
$
15,643,702
$
(12,206,039
)
$
21,044,308
$
5,750
$
26,975
$
81,388
$
(608
)
$
113,505
2,179
514,802
516,981
22,926
11,843
65,835
(100,604
)
4,629
7,689
30,307
42,625
15,692
175,011
969,531
1,160,234
3,760
(3,760
)
10,279
(10,279
)
3,687
30,606
732,775
767,068
62,963
254,303
2,398,398
(115,251
)
2,600,413
26,761
10,911
40,568
78,240
45,336
84,473
(129,809
)
638,986
(638,986
)
53,034
114,400
(52,215
)
115,219
442,114
442,114
263,726
2,869,931
6,240,098
9,373,755
398,786
3,630,293
9,516,923
(936,261
)
12,609,741
503,379
503,379
6,662,991
6,410,791
4,858,987
(11,269,778
)
6,662,991
405
1,267,792
1,268,197
6,662,991
6,411,196
6,126,779
(11,269,778
)
7,931,188
$
7,565,156
$
10,041,489
$
15,643,702
$
(12,206,039
)
$
21,044,308
Table of Contents
December 31, 2009
Consolidating/
Las Vegas
Guarantor
Non-Guarantor
Eliminating
Sands Corp.
Subsidiaries
Subsidiaries
Entries
Total
$
254,256
$
3,033,625
$
1,667,535
$
$
4,955,416
6,954
111,687
118,641
101,485
27,646
(129,131
)
727
152,151
309,547
(1,659
)
460,766
1,906
12,332
12,835
27,073
29,117
1,992
(4,667
)
26,442
11,410
5,251
18,675
35,336
268,299
3,340,915
2,149,917
(135,457
)
5,623,674
140,684
3,786,061
9,424,526
13,351,271
6,242,214
4,117,915
(10,360,129
)
1,095
37,850
99,509
138,454
34,029
85,725
(119,754
)
500,518
(500,518
)
48,362
243
(26,386
)
22,219
1,209,820
1,209,820
50,129
50,129
2,338
27,555
146,646
176,539
$
6,737,021
$
11,896,539
$
13,080,790
$
(11,142,244
)
$
20,572,106
$
4,229
$
21,353
$
58,772
$
(1,659
)
$
82,695
9,172
769,599
778,771
59,029
70,102
(129,131
)
6,074
351
11,907
18,332
6,470
170,706
609,016
786,192
4,667
(4,667
)
3,688
81,374
88,253
173,315
84,157
282,956
1,607,649
(135,457
)
1,839,305
48,907
10,621
22,431
81,959
15,166
104,588
(119,754
)
500,518
(500,518
)
26,386
(26,386
)
447,274
447,274
327,258
4,739,753
5,785,136
10,852,147
475,488
5,506,990
8,020,322
(782,115
)
13,220,685
410,834
410,834
5,850,699
6,389,144
3,970,985
(10,360,129
)
5,850,699
405
1,089,483
1,089,888
5,850,699
6,389,549
5,060,468
(10,360,129
)
6,940,587
$
6,737,021
$
11,896,539
$
13,080,790
$
(11,142,244
)
$
20,572,106
Table of Contents
For the year ended December 31, 2010
Consolidating/
Las Vegas
Guarantor
Non-Guarantor
Eliminating
Sands Corp.
Subsidiaries
Subsidiaries
Entries
Total
$
$
496,637
$
5,036,451
$
$
5,533,088
445,458
352,041
797,499
159,285
287,273
446,558
218,586
404,914
(82,708
)
540,792
1,319,966
6,080,679
(82,708
)
7,317,937
(597
)
(155,394
)
(305,744
)
(3,020
)
(464,755
)
(597
)
1,164,572
5,774,935
(85,728
)
6,853,182
300,083
2,951,842
(2,698
)
3,249,227
99,066
44,261
(1
)
143,326
69,644
144,397
(6,085
)
207,956
75,041
216,492
(16,855
)
274,678
30,277
67,485
97,762
239,561
444,882
(1,145
)
683,298
93,262
270
74,200
(58,884
)
108,848
41,302
41,302
654
7
114,232
(60
)
114,833
1,783
1,783
12,578
224,372
458,021
694,971
16,057
16,057
1,605
9,423
27,527
38,555
109,882
1,047,744
4,600,698
(85,728
)
5,672,596
(110,479
)
116,828
1,174,237
1,180,586
3,614
89,522
3,735
(87,924
)
8,947
(15,380
)
(106,463
)
(272,894
)
87,924
(306,813
)
(1,500
)
3,325
(10,085
)
(8,260
)
3,358
(21,692
)
(221
)
(18,555
)
709,794
589,784
(1,299,578
)
589,407
671,304
894,772
(1,299,578
)
855,905
9,987
(10,055
)
(74,234
)
(74,302
)
599,394
661,249
820,538
(1,299,578
)
781,603
(182,209
)
(182,209
)
$
599,394
$
661,249
$
638,329
$
(1,299,578
)
$
599,394
Table of Contents
For the year ended December 31, 2009
Consolidating/
Las Vegas
Guarantor
Non-Guarantor
Eliminating
Sands Corp.
Subsidiaries
Subsidiaries
Entries
Total
$
$
473,176
$
3,051,622
$
$
3,524,798
437,630
220,153
657,783
150,588
177,111
327,699
156,249
278,738
(15,823
)
419,164
1,217,643
3,727,624
(15,823
)
4,929,444
(722
)
(164,495
)
(198,308
)
(2,814
)
(366,339
)
(722
)
1,053,148
3,529,316
(18,637
)
4,563,105
286,884
2,064,913
(2,375
)
2,349,422
94,562
26,535
121,097
65,793
106,566
(6,382
)
165,977
73,261
174,120
(7,004
)
240,377
52,832
50,970
103,802
241,011
286,303
(1,115
)
526,199
118,940
269
14,642
(1,753
)
132,098
2,937
26,962
29,899
1,067
99
156,573
(8
)
157,731
432
101
533
11,369
230,864
343,808
586,041
151,175
18,293
169,468
3,158
6,043
9,201
131,808
1,202,845
3,275,829
(18,637
)
4,591,845
(132,530
)
(149,697
)
253,487
(28,740
)
10,331
47,508
657
(47,374
)
11,122
(18,456
)
(120,682
)
(230,106
)
47,374
(321,870
)
(1
)
665
(10,555
)
(9,891
)
(23,248
)
(23,248
)
(121,813
)
13,629
108,184
(262,469
)
(208,577
)
(9,765
)
108,184
(372,627
)
(92,010
)
95,304
590
3,884
(354,479
)
(113,273
)
(9,175
)
108,184
(368,743
)
14,264
14,264
$
(354,479
)
$
(113,273
)
$
5,089
$
108,184
$
(354,479
)
Table of Contents
For the year ended December 31, 2008
Consolidating/
Las Vegas
Guarantor
Non-Guarantor
Eliminating
Sands Corp.
Subsidiaries
Subsidiaries
Entries
Total
$
$
522,438
$
2,669,661
$
$
3,192,099
535,797
231,332
767,129
195,233
173,829
369,062
178,866
239,927
(11,957
)
406,836
1,432,334
3,314,749
(11,957
)
4,735,126
(1,929
)
(147,817
)
(192,705
)
(2,729
)
(345,180
)
(1,929
)
1,284,517
3,122,044
(14,686
)
4,389,946
316,846
1,899,728
(2,339
)
2,214,235
123,112
31,503
154,615
88,948
103,852
(6,249
)
186,551
87,540
131,227
(5,416
)
213,351
28,003
13,862
41,865
266,087
285,124
(682
)
550,529
86,369
834
17,152
104,355
6,929
26,611
33,540
3,722
9,067
149,533
162,322
2,693
10,096
12,789
9,853
223,724
273,409
506,986
13,292
24,276
37,568
6,093
1,484
7,577
115,929
1,157,183
2,967,857
(14,686
)
4,226,283
(117,858
)
127,334
154,187
163,663
8,694
12,047
7,244
(8,199
)
19,786
(24,036
)
(213,464
)
(192,524
)
8,199
(421,825
)
(35
)
(11,795
)
31,322
19,492
(5,114
)
(4,027
)
(9,141
)
(46,114
)
3,010
43,104
(184,463
)
(82,868
)
(3,798
)
43,104
(228,025
)
20,905
36,754
2,041
59,700
(163,558
)
(46,114
)
(1,757
)
43,104
(168,325
)
4,767
4,767
$
(163,558
)
$
(46,114
)
$
3,010
$
43,104
$
(163,558
)
Table of Contents
For the year ended December 31, 2010
Consolidating/
Las Vegas
Guarantor
Non-Guarantor
Eliminating
Sands Corp.
Subsidiaries
Subsidiaries
Entries
Total
$
(112,991
)
$
331,374
$
1,651,768
$
$
1,870,151
159
(688,425
)
(688,266
)
(7,538
)
(26,021
)
(1,990,422
)
(2,023,981
)
828
48,907
49,735
(173,774
)
(173,774
)
173,774
173,774
(590
)
(44,713
)
(45,303
)
(52,729
)
52,729
4,384,116
(4,384,116
)
56,100
(56,100
)
(3,567,037
)
(16,537
)
3,583,574
808,951
(38,200
)
(2,674,653
)
(803,913
)
(2,707,815
)
16,455
16,455
225,514
225,514
(93,400
)
(93,400
)
(4,384,116
)
4,384,116
(56,100
)
56,100
3,400,037
183,537
(3,583,574
)
52,729
(52,729
)
749,305
749,305
647,988
647,988
(1,810,329
)
(1,810,329
)
(572,337
)
(572,337
)
(56,675
)
(56,675
)
(35,055
)
(35,055
)
(3,687
)
(3,687
)
(1,711
)
(1,711
)
(108,549
)
(12,532
)
(121,081
)
(6,579
)
(6,579
)
(9,905
)
(56,060
)
(65,965
)
81,628
(2,914,573
)
901,475
803,913
(1,127,557
)
46,886
46,886
777,588
(2,621,399
)
(74,524
)
(1,918,335
)
254,256
3,033,625
1,667,535
4,955,416
$
1,031,844
$
412,226
$
1,593,011
$
$
3,037,081
Table of Contents
For the year ended December 31, 2009
Consolidating/
Las Vegas
Guarantor
Non-Guarantor
Eliminating
Sands Corp.
Subsidiaries
Subsidiaries
Entries
Total
$
22,283
$
445
$
615,885
$
$
638,613
(729
)
79,359
78,630
(3,570
)
(99,232
)
(1,990,094
)
(2,092,896
)
60
2,554
1,589
4,203
(20,000
)
(171,671
)
191,671
(57,000
)
57,000
499,310
898,574
(1,397,884
)
6,580,952
(6,580,952
)
16,406
(16,406
)
(6,964,009
)
(224
)
6,964,233
35,743
645,678
(1,909,146
)
(782,338
)
(2,010,063
)
51
51
2,386,428
2,386,428
(94,697
)
(94,697
)
(6,580,952
)
6,580,952
(16,406
)
16,406
6,758,758
205,475
(6,964,233
)
77,000
(77,000
)
171,671
(171,671
)
(499,310
)
499,310
(898,574
)
898,574
1,221,644
1,221,644
600,000
600,000
9,884
9,884
(662,552
)
(662,552
)
(40,000
)
(40,000
)
(17,762
)
(17,762
)
(17,695
)
(17,695
)
(3,687
)
(3,687
)
(34,249
)
(1,027
)
(35,276
)
(2,880
)
(37,485
)
(40,365
)
(98,333
)
100,677
2,521,291
782,338
3,305,973
(17,270
)
(17,270
)
(40,307
)
746,800
1,210,760
1,917,253
294,563
2,286,825
456,775
3,038,163
$
254,256
$
3,033,625
$
1,667,535
$
$
4,955,416
Table of Contents
For the year ended December 31, 2008
Consolidating/
Las Vegas
Guarantor
Non-Guarantor
Eliminating
Sands Corp.
Subsidiaries
Subsidiaries
Entries
Total
$
(34,547
)
$
116,829
$
42,590
$
$
124,872
(1,137
)
219,181
218,044
(11,163
)
(660,163
)
(3,117,682
)
(3,789,008
)
(20,000
)
(36,185
)
56,185
(35,000
)
35,000
(353,000
)
(1,201,285
)
1,554,285
94,003
(94,003
)
34,018
(34,018
)
50,596
(50,596
)
(2,025,000
)
(77,728
)
2,102,728
(2,299,564
)
(1,942,480
)
(2,898,501
)
3,569,581
(3,570,964
)
6,834
6,834
1,112
1,112
(50,596
)
50,596
2,914
2,914
2,025,000
77,728
(2,102,728
)
35,000
373,000
(408,000
)
1,237,470
(1,237,470
)
(94,003
)
94,003
(34,018
)
34,018
1,053,695
1,053,695
523,720
523,720
503,625
503,625
475,000
475,000
2,075,860
2,075,860
1,730,515
1,730,515
444,299
444,299
218,564
218,564
105,584
41,379
146,963
(1,326,467
)
(1,326,467
)
(333,000
)
(333,000
)
(3,687
)
(3,687
)
(25,050
)
(37,704
)
(62,754
)
243,928
243,928
(5,114
)
69
(87,923
)
(92,968
)
2,555,185
3,982,792
2,639,757
(3,569,581
)
5,608,153
18,952
18,952
221,074
2,157,141
(197,202
)
2,181,013
73,489
129,684
653,977
857,150
$
294,563
$
2,286,825
$
456,775
$
$
3,038,163
Table of Contents
Quarter
First(1)
Second(2)(3)(4)
Third(5)
Fourth(5)(6)
Total
(In thousands, except per share data)
$
1,334,888
$
1,594,476
$
1,908,772
$
2,015,046
$
6,853,182
141,820
166,775
383,305
488,686
1,180,586
47,814
78,548
268,834
386,407
781,603
17,581
41,807
214,497
325,509
599,394
(28,905
)
(4,679
)
168,011
273,036
407,463
(0.04
)
(0.01
)
0.25
0.40
0.61
(0.04
)
(0.01
)
0.21
0.34
0.51
$
1,079,062
$
1,058,700
$
1,141,144
$
1,284,199
$
4,563,105
36,279
(171,345
)
62,382
43,944
(28,740
)
(35,846
)
(178,263
)
(80,617
)
(74,017
)
(368,743
)
(34,606
)
(175,940
)
(76,506
)
(67,427
)
(354,479
)
(80,896
)
(222,248
)
(122,992
)
(113,914
)
(540,050
)
(0.12
)
(0.34
)
(0.19
)
(0.17
)
(0.82
)
(1)
(2)
(3)
(4)
(5)
(6)
Table of Contents
Provision | ||||||||||||||||
Balance at | for | Write-offs, | Balance | |||||||||||||
Beginning | Doubtful | net of | at End | |||||||||||||
Description | of Year | Accounts | Recoveries | of Year | ||||||||||||
(In thousands) | ||||||||||||||||
Allowance for doubtful accounts:
|
||||||||||||||||
2008
|
$ | 33,116 | 41,865 | (13,764 | ) | $ | 61,217 | |||||||||
|
||||||||||||||||
2009
|
$ | 61,217 | 103,802 | (46,319 | ) | $ | 118,700 | |||||||||
|
||||||||||||||||
2010
|
$ | 118,700 | 97,762 | (34,606 | ) | $ | 181,856 | |||||||||
|
Balance at | Balance | |||||||||||||||
Beginning | at End | |||||||||||||||
Description | of Year | Additions | Deductions | of Year | ||||||||||||
Deferred income tax asset valuation allowance:
|
||||||||||||||||
2008
|
$ | 46,343 | 46,476 | | $ | 92,819 | ||||||||||
|
||||||||||||||||
2009
|
$ | 92,819 | 187,188 | | $ | 280,007 | ||||||||||
|
||||||||||||||||
2010
|
$ | 280,007 | 51,268 | | $ | 331,275 | ||||||||||
|
ITEM 9. |
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
|
ITEM 9A. |
CONTROLS AND PROCEDURES
|
129
ITEM 9B. |
OTHER INFORMATION
|
130
131
ITEM 10.
ITEM 11.
ITEM 12.
ITEM 13.
ITEM 14.
Table of Contents
Exhibit No. | Description of Document | |||
|
||||
3.1 |
Certificate of Amended and Restated Articles of Incorporation of Las Vegas
Sands Corp. (incorporated by reference from Exhibit 3.1 to the Companys
Amendment No. 2 to Registration Statement on Form S-1 (Reg. No. 333-118827)
dated November 22, 2004).
|
|||
|
||||
3.2 |
Amended and Restated By-laws of Las Vegas Sands Corp. (incorporated by
reference from Exhibit 3.2 to the Companys Quarterly Report on Form 10-Q
for the quarter ended September 30, 2007 and filed on November 9, 2007).
|
|||
|
||||
3.3 |
Certificate of Designations for Series A 10% Cumulative Perpetual Preferred
Stock (incorporated by reference from Exhibit 3.1 to the Companys Current
Report on Form 8-K filed on November 14, 2008).
|
|||
|
||||
3.4 |
Operating Agreement of Las Vegas Sands, LLC dated July 28, 2005
(incorporated by reference from Exhibit 3.1 to the Companys Current Report
on Form S-3 filed on November 17, 2008).
|
|||
|
||||
3.5 |
First Amendment to the Operating Agreement of Las Vegas Sands, LLC dated May
23, 2007 (incorporated by reference from Exhibit 3.2 to the Companys
Current Report on Form S-3 filed on November 17, 2008).
|
|||
|
||||
4.1 |
Form of Specimen Common Stock Certificate of Las Vegas Sands Corp.
(incorporated by reference from Exhibit 4.1 to the Companys Amendment No. 2
to Registration Statement on Form S-1 (Reg. No. 333-118827) dated November
22, 2004).
|
|||
|
||||
4.2 |
Indenture, dated as of February 10, 2005, by and between Las Vegas Sands
Corp., as issuer, and U.S. Bank National Association, as trustee (the
6.375% Notes Indenture) (incorporated by reference from Exhibit 4.2 to the
Companys Current Report on Form 8-K filed on February 15, 2005).
|
132
Exhibit No. | Description of Document | |||
|
||||
4.3 |
Supplemental Indenture to the 6.375% Notes Indenture, dated as of February
22, 2005, by and among Las Vegas Sands, Inc. (n/k/a Las Vegas Sands, LLC),
Venetian Casino Resort, LLC, Mall Intermediate Holding Company, LLC, Lido
Intermediate Holding Company, LLC, Lido
Casino Resort, LLC, (which was merged into Venetian Casino Resort, LLC in
March 2007), Venetian Venture Development, LLC, Venetian Operating Company,
LLC (which was merged into Venetian Casino Resort, LLC in March 2006),
Venetian Marketing, Inc. and Venetian Transport, LLC, as guarantors, Las
Vegas Sands Corp., as issuer and U.S. Bank National Association, as trustee)
(incorporated by reference from Exhibit 4.1 to the Companys Current Report
on Form 8-K filed on February 23, 2005).
|
|||
|
||||
4.4 |
Second Supplemental Indenture to the 6.375% Notes Indenture, dated as of May
23, 2007, by and among Interface Group Nevada, Inc., Lido Casino Resort
Holding Company, LLC, Phase II Mall Holding, LLC, Phase II Mall Subsidiary,
LLC, Sands Pennsylvania, Inc. and Palazzo Condo Tower, LLC, as guaranteeing
subsidiaries, the guarantors party to the first supplemental indenture, Las
Vegas Sands Corp., as issuer, and U.S. Bank National Association, as trustee
(incorporated by reference from Exhibit 4.1 to the Companys Quarterly
Report on Form 10-Q for the quarter ended June 30, 2007 and filed on August
9, 2007).
|
|||
|
||||
10.1 |
Warrant Agreement, dated as of November 14, 2008, between Las Vegas Sands
Corp. and U.S. Bank National Association, as warrant agent (incorporated by
reference from Exhibit 10.1 to the Companys Current Report on Form 8-K
filed on November 14, 2008).
|
|||
|
||||
10.2 |
Amendment and Restatement Agreement dated as of August 17, 2010, to the
Credit and Guaranty Agreement dated as of May 23, 2007, as amended, among
Las Vegas Sands, LLC, the Guarantors party thereto, the Lenders party
thereto and The Bank of Nova Scotia (including as Exhibit A thereto the
Amended and Restated Credit and Guaranty Agreement dated as of August 18,
2010 among Las Vegas Sands, LLC, the Guarantors party thereto, the lenders
party thereto, Goldman Sachs Credit Partners L.P, Citigroup Global Markets
Inc., The Bank of Nova Scotia and Credit Suisse AG, Cayman Islands Branch,
Barclays Capital Inc. and JPMorgan Chase Bank, N.A.) (incorporated by
reference from Exhibit 10.1 to the Companys Quarterly Report on Form 10-Q
for the quarter ended September 30, 2010 and filed on November 9, 2010).
|
|||
|
||||
10.3 |
Security Agreement, dated as of May 23, 2007, between each of the parties
named as a grantor therein and The Bank of Nova Scotia, as collateral agent
for the secured parties, as defined therein (incorporated by reference from
Exhibit 10.5 to the Companys Quarterly Report on Form 10-Q for the quarter
ended June 30, 2007 and filed on August 9, 2007).
|
|||
|
||||
10.4 |
Deed of Trust, Leasehold Deed of Trust, Assignment of Rents and Leases,
Security Agreement and Fixture Filing made by Phase II Mall Subsidiary, LLC,
as trustor, as of May 23, 2007 in favor of First American Title Insurance
Company, as trustee, for the benefit of The Bank of Nova Scotia, in its
capacity as collateral agent, as beneficiary (incorporated by reference from
Exhibit 10.6 to the Companys Quarterly Report on Form 10-Q for the quarter
ended June 30, 2007 and filed on August 9, 2007).
|
|||
|
||||
10.5 |
Deed of Trust, Leasehold Deed of Trust, Assignment of Rents and Leases,
Security Agreement and Fixture Filing made by Las Vegas Sands, LLC, as
trustor, as of May 23, 2007 in favor of First American Title Insurance
Company, as trustee, for the benefit of The Bank of Nova Scotia, in its
capacity as collateral agent, as beneficiary (incorporated by reference from
Exhibit 10.7 to the Companys Quarterly Report on Form 10-Q for the quarter
ended June 30, 2007 and filed on August 9, 2007).
|
|||
|
||||
10.6 |
Deed of Trust, Leasehold Deed of Trust, Assignment of Rents and Leases,
Security Agreement and Fixture Filing made by Venetian Casino Resort, LLC,
as trustor, as of May 23, 2007 in favor of First American Title Insurance
Company, as trustee, for the benefit of The Bank of Nova Scotia, in its
capacity as collateral agent, as beneficiary (incorporated by reference from
Exhibit 10.8 to the Companys Quarterly Report on Form 10-Q for the quarter
ended June 30, 2007 and filed on August 9, 2007).
|
133
Exhibit No. | Description of Document | |||
|
||||
10.7 |
Deed of Trust, Leasehold Deed of Trust, Assignment of Rents and Leases,
Security Agreement and Fixture Filing made by Venetian Casino Resort, LLC
and Las Vegas Sands, LLC, jointly and severally as trustors, as of May 23,
2007 in favor of First American Title Insurance Company, as trustee, for the
benefit of The Bank of Nova Scotia, in its capacity as collateral agent, as
beneficiary (incorporated by reference from Exhibit 10.9 to the Companys
Quarterly Report on Form 10-Q for the quarter ended June 30, 2007 and filed
on August 9, 2007).
|
|||
|
||||
10.8 |
Deed of Trust, Leasehold Deed of Trust, Assignment of Rents and Leases,
Security Agreement and Fixture Filing made by Interface Group-Nevada, Inc.,
as trustor, as of May 23, 2007 in favor of First American Title Insurance
Company, as trustee, for the benefit of The Bank of Nova Scotia, in its
capacity as collateral agent, as beneficiary (incorporated by reference from
Exhibit 10.10 to the Companys Quarterly Report on Form 10-Q for the quarter
ended June 30, 2007 and filed on August 9, 2007).
|
|||
|
||||
10.9 |
Credit Agreement, dated as of May 17, 2010, by and among Venetian Orient
Limited, the financial institutions listed as Lenders on the signature pages
thereto, The Bank of Nova Scotia, as Administrative Agent, Goldman Sachs
Lending Partners LLC, BNP Paribas, Hong Kong Branch, Citibank, N.A.,
Citigroup Financial Services Limited and Citibank, N.A., Hong Kong Branch,
UBS AG Hong Kong Branch, Barclays Capital, The Investment Banking Division
of Barclays PLC, Bank of China Limited, Macau Branch (BOC), and Industrial
and Commercial Bank of China (Macau) Limited (ICBC), as Global
Coordinators and Bookrunners, and, with the exception of BOC and ICBC, as
co-syndication agents for the enders, and Banco Nacional Ultramarino, S.A.,
DBS Bank Ltd. and Oversea-Chinese Banking Corporation Limited, as Mandated
Lead Arrangers and Bookrunners (incorporated by reference from Exhibit 10.1
to the Companys Quarterly Report on Form 10-Q for the quarter ended June
30, 2010 and filed on August 9, 2010).
|
|||
|
||||
10.10 |
Sponsor Agreement, dated as of May 17, 2010, by and between Sands China
Ltd., The Bank of Nova Scotia, as administrative agent, and Bank of China
Limited, Macau Branch, as the collateral agent (incorporated by reference
from Exhibit 10.2 to the Companys Quarterly Report on Form 10-Q for the
quarter ended June 30, 2010 and filed on August 9, 2010).
|
|||
|
||||
10.11 |
Guaranty, dated as of May 17, 2010, is made by Sands China Ltd., and each
Subsidiary of Sands Ch ina Ltd. required from time to time to become party
hereto pursuant to the Credit Agreement, in favor of and for the benefit of
The Bank of Nova Scotia, as administrative agent (incorporated by reference
from Exhibit 10.3 to the Companys Quarterly Report on Form 10-Q for the
quarter ended June 30, 2010 and filed on August 9, 2010).
|
|||
|
||||
10.12 |
Credit Agreement, dated as of May 25, 2006, by and among VML US Finance LLC,
Venetian Macau Limited, the financial institutions listed therein as
lenders, The Bank of Nova Scotia, Banco Nacional Ultramarino, S.A., Sumitomo
Mitsui Banking Corporation, Goldman Sachs Credit Partners L.P., Lehman
Brothers Inc. and Citigroup Global Markets, Inc. (incorporated by reference
from Exhibit 10.1 to the Companys Quarterly Report on Form 10-Q for the
quarter ended June 30, 2006 and filed on August 9, 2006).
|
|||
|
||||
10.13 |
Disbursement Agreement, dated as of May 25, 2006, by and among VML US
Finance LLC, Venetian Cotai Limited, Venetian Macau Limited and The Bank of
Nova Scotia (incorporated by reference from Exhibit 10.2 to the Companys
Quarterly Report on Form 10-Q for the quarter ended June 30, 2006 and filed
on August 9, 2006).
|
|||
|
||||
10.14 |
First Amendment to Credit Agreement and Disbursement Agreement, dated as of
March 5, 2007, among Venetian Macau Limited, VML US Finance LC, Venetian
Cotai Limited and The Bank of Nova Scotia, as administrative agent and
disbursement agent (incorporated by reference from Exhibit 10.1 to the
Companys Quarterly Report on Form 10-Q for the quarter ended March 31, 2007
and filed on May 10, 2007).
|
|||
|
||||
10.15 |
First Amendment to Disbursement Agreement, dated as of March 5, 2007, among
VML US Finance LLC, Venetian Cotai Limited, Venetian Macau Limited and The
Bank of Nova Scotia, as disbursement agent and bank agent. (incorporated by
reference from Exhibit 10.2 to the Companys Quarterly Report on Form 10-Q
for the quarter ended March 31, 2007 and filed on May 10, 2007).
|
134
Exhibit No. | Description of Document | |||
|
||||
10.16 |
Second Amendment to Credit Agreement, dated as of August 12, 2009, by and
among VML US Finance LLC, Venetian Macau Limited and The Bank of Nova
Scotia, as administrative agent for the Lenders and the Loan Parties party
thereto (incorporated by reference from Exhibit 10.7 to the Companys
Quarterly Report on Form 10-Q for the quarter ended September 30, 2009 and
filed on November 9, 2009).
|
|||
|
||||
10.17 |
Facility Agreement, dated as of December 28, 2007, among Marina Bay Sands
Pte. Ltd., as borrower, Goldman Sachs Foreign Exchange (Singapore) Pte., DBS
Bank Ltd., UOB Asia Limited, Oversea-Chinese Banking Corporation Limited, as
coordinators, and DBS Bank Ltd., as technical bank, agent and security
trustee (incorporated by reference from Exhibit 10.59 to the Companys
Annual Report on Form 10-K for year ended December 31, 2007 and filed on
February 29, 2008).
|
|||
|
||||
10.18 |
Sponsor Support Agreement, dated as of December 28, 2007, among Las Vegas
Sands Corp., as sponsor, Sands Mauritius Holdings and MBS Holdings Pte.
Ltd., as holding company, Marina Bay Sands Pte. Ltd., as borrower and DBS
Bank Ltd., as security trustee (incorporated by reference from Exhibit 10.60
to the Companys Annual Report on Form 10-K for year ended December 31, 2007
and filed on February 29, 2008).
|
|||
|
||||
10.19 |
Construction Agency Agreement, dated as of May 1, 1997, by and between
Venetian Casino Resort, LLC and Atlantic Pacific Las Vegas, LLC
(incorporated by reference from Exhibit 10.21 to Amendment No. 2 to Las
Vegas Sands, Inc.s Registration Statement on Form S-4 (File No. 333-42147)
dated March 27, 1998).
|
|||
|
||||
10.20 |
Sands Resort Hotel and Casino Agreement, dated as of February 18, 1997, by
and between Clark County and Las Vegas Sands, Inc. (incorporated by
reference from Exhibit 10.27 to Amendment No. 1 to Las Vegas Sands, Inc.s
Registration Statement on Form S-4 (File No. 333-42147) dated February 12,
1998).
|
|||
|
||||
10.21 |
Addendum to Sands Resort Hotel and Casino Agreement, dated as of September
16, 1997, by and between Clark County and Las Vegas Sands, Inc.
(incorporated by reference from Exhibit 10.20 to the Companys Amendment No.
1 to Registration Statement on Form S-1 (Reg. No. 333-118827) dated October
25, 2004).
|
|||
|
||||
10.22 |
Improvement Phasing Agreement by and between Clark County and Lido Casino
Resort, LLC (incorporated by reference from Exhibit 10.21 to the Companys
Amendment No. 1 to Registration Statement on Form S-1 (Reg. No. 333-118827)
dated October 22, 2004).
|
|||
|
||||
10.23 |
Concession Contract for Operating Casino Games of Chance or Games of Other
Forms in the Macao Special Administrative Region, June 26, 2002, by and
among the Macao Special Administrative Region and Galaxy Casino Company
Limited (incorporated by reference from Exhibit 10.40 to Las Vegas Sands,
Inc.s Form 10-K for the year ended December 31, 2002 and filed on March 31,
2003).
|
|||
|
||||
10.24 | |
Subconcession Contract for Operating Casino Games of Chance or Games of
Other Forms in the Macao Special Administrative Region, dated December 19,
2002, between Galaxy Casino Company Limited, as concessionaire, and Venetian
Macau S.A., as subconcessionaire (incorporated by reference from Exhibit
10.65 to the Companys Amendment No. 5 to Registration Statement on Form S-1
(Reg. No. 333-118827) dated December 10, 2004).
|
||
|
||||
10.25 |
Land Concession Agreement, dated as of December 10, 2003, relating to the
Sands Macao between the Macao Special Administrative Region and Venetian
Macau Limited (incorporated by reference from Exhibit 10.39 to the Companys
Amendment No. 1 to Registration Statement on Form S-1 (Reg. No. 333-118827)
dated October 25, 2004).
|
|||
|
||||
10.26 |
Amendment, published on April 22, 2008, to Land Concession Agreement, dated
as of December 10, 2003, relating to the Sands Macao between the Macau
Special Administrative Region and Venetian Macau Limited (incorporated by
reference from Exhibit 10.3 to the Companys Quarterly Report on Form 10-Q
for the quarter ended March 31, 2008 and filed on May 9, 2008).
|
135
Exhibit No. | Description of Document | |||
|
||||
10.27 |
Land Concession Agreement, dated as of February 23, 2007, relating to the
Venetian Macao, Four Seasons Macao and Site 3 among the Macau Special
Administrative Region, Venetian Cotai Limited and Venetian Macau Limited
(incorporated by reference from Exhibit 10.3 to the Companys Quarterly
Report on Form 10-Q for the quarter ended March 31, 2007 and filed on May
10, 2007).
|
|||
|
||||
10.28 |
Amendment published on October 28, 2008, to Land Concession Agreement
between Macau Special Administrative Region and Venetian Cotai Limited
(incorporated by reference from Exhibit 10.5 to the Companys Quarterly
Report on Form 10-Q for the quarter ended September 30, 2008 and filed on
November 10, 2008).
|
|||
|
||||
10.29 |
Development Agreement, dated August 23, 2006, between the Singapore Tourism
Board and Marina Bay Sands Pte. Ltd. (incorporated by reference from Exhibit
10.3 to the Companys Quarterly Report on Form 10-Q for the quarter ended
September 30, 2006 and filed on November 9, 2006).
|
|||
|
||||
10.30 |
Supplement to Development Agreement, dated December 11, 2009, by and between
Singapore Tourism Board and Marina Bay Sands PTE. LTD (incorporated by
reference from Exhibit 10.76 to the Companys Annual Report on Form 10-K for
the year ended December 31, 2009 and filed on March 1, 2010).
|
|||
|
||||
10.31 |
Energy Services Agreement, dated as of May 1, 1997, by and between Atlantic
Pacific Las Vegas, LLC and Venetian Casino Resort, LLC (incorporated by
reference from Exhibit 10.3 to Amendment No. 2 to Las Vegas Sands, Inc.s
Registration Statement on Form S-4 (File No. 333-42147) dated March 27,
1998).
|
|||
|
||||
10.32 |
Energy Services Agreement Amendment No. 1, dated as of July 1, 1999, by and
between Atlantic Pacific Las Vegas, LLC and Venetian Casino Resort, LLC
(incorporated by reference from Exhibit 10.8 to Las Vegas Sands, Inc.s
Annual Report on Form 10-K for the year ended December 31, 1999 and filed on
March 30, 2000).
|
|||
|
||||
10.33 |
Energy Services Agreement Amendment No. 2, dated as of July 1, 2006, by and
between Atlantic Pacific Las Vegas, LLC and Venetian Casino Resort, LLC
(incorporated by reference from Exhibit 10.77 to the Companys Annual Report
on Form 10-K for the year ended December 31, 2006 and filed on February 28,
2007).
|
|||
|
||||
10.34 | * |
Energy Services Agreement Amendment No. 3 dated as of February 10, 2009, by
and between Trigen-Las Vegas Energy Company, LLC f/k/a Atlantic Pacific Las
Vegas, LLC, Venetian Casino Resort, LLC Grand Canal Shops II, LLC and
Interface Group-Nevada, Inc.
|
||
|
||||
10.35 |
Energy Services Agreement, dated as of November 14, 1997, by and between
Atlantic-Pacific Las Vegas, LLC and Interface Group-Nevada, Inc.
(incorporated by reference from Exhibit 10.8 to Amendment No. 1 of the
Companys Registration Statement on Form S-1 (Reg. No. 333-118827) dated
October 25, 2004).
|
|||
|
||||
10.36 |
Energy Services Agreement Amendment No. 1, dated as of July 1, 1999, by and
between Atlantic-Pacific Las Vegas, LLC and Interface Group-Nevada, Inc.
(incorporated by reference from Exhibit 10.9 to the Companys Amendment No.
1 to Registration Statement on Form S-1 (Reg. No. 333-118827) dated October
25, 2004).
|
|||
|
||||
10.37 |
Amended and Restated Services Agreement, dated as of November 14, 1997, by
and among Las Vegas Sands, Inc., Venetian Casino Resort, LLC, Interface
Group Holding Company, Inc., Interface Group-Nevada, Inc., Lido Casino
Resort MM, Inc., Grand Canal Shops Mall MM Subsidiary, Inc. and certain
subsidiaries of Venetian Casino Resort, LLC named therein (incorporated by
reference from Exhibit 10.15 to Amendment No. 1 to Las Vegas Sands, Inc.s
Registration Statement on Form S-4 (File No. 333-42147) dated February 12,
1998).
|
|||
|
||||
10.38 |
Assignment and Assumption Agreement, dated as of November 8, 2004, by and
among Las Vegas Sands, Inc., Venetian Casino Resort, LLC, Interface Group
Holding Company, Inc., Interface Group-Nevada, Inc., Interface Operations
LLC, Lido Casino Resort MM, Inc., Grand Canal Shops Mall MM Subsidiary, Inc.
and certain subsidiaries of Venetian Casino Resort, LLC named therein
(incorporated by reference from Exhibit 10.52 to the Companys Amendment No.
2 to Registration Statement on Form S-1 (Reg. No. 333-118827) dated November
22, 2004).
|
136
Exhibit No. | Description of Document | |||
|
||||
10.39 |
Fourth Amended and Restated Reciprocal Easement, Use and Operating
Agreement, dated as of February 29, 2008, by and among Interface Group
Nevada, Inc., Grand Canal Shops II, LLC, Phase II Mall Subsidiary, LLC,
Venetian Casino Resort, LLC, and Palazzo Condo Tower, LLC (incorporated by
reference from Exhibit 10.1 to the Companys Quarterly Report on Form 10-Q
for the quarter ended March 31, 2008 and filed on May 9, 2008).
|
|||
|
||||
10.40 |
Amended and Restated Las Vegas Sands, Inc. 1997 Fixed Stock Option Plan (the
1997 Stock Option Plan) (incorporated by reference from Exhibit 10.10 to
Las Vegas Sands, Inc.s Quarterly Report on Form 10-Q for the quarter ended
June 30, 2002 and filed on August 14, 2002).
|
|||
|
||||
10.41 |
First Amendment to the 1997 Stock Option Plan, dated June 4, 2002
(incorporated by reference from Exhibit 10.11 to Las Vegas Sands, Inc.s
Quarterly Report on Form 10-Q for the quarter ended June 30, 2002 and filed
on August 14, 2002).
|
|||
|
||||
10.42 |
Assumption Agreement, dated as of January 2, 2002, by Sheldon G. Adelson
with respect to the 1997 Stock Option Plan (incorporated by reference from
Exhibit 10.5 to Las Vegas Sands, Inc.s Quarterly Report on Form 10-Q for
the quarter ended March 31, 2002 and filed on May 8, 2002).
|
|||
|
||||
10.43 |
Assumption Agreement, dated as of July 15, 2004, by Las Vegas Sands, Inc.
with respect to the 1997 Stock Option Plan (incorporated by reference from
Exhibit 10.25 to the Companys Registration Statement on Form S-1 (Reg. No.
333-118827) dated September 3, 2004).
|
|||
|
||||
10.44 |
Assignment and Assumption Agreement, dated as of December 20, 2004, by and
among Las Vegas Sands, Inc., Las Vegas Sands Corp. and Sheldon G. Adelson
(incorporated by reference from Exhibit 10.27 to the Companys Current
Report on Form 8-K filed on April 4, 2005).
|
|||
|
||||
10.45 |
Las Vegas Sands Corp. 2004 Equity Award Plan (incorporated by reference from
Exhibit 10.41 to the Companys Quarterly Report on Form 10-Q for the quarter
ended March 31, 2005 and filed on May 16, 2005).
|
|||
|
||||
10.46 |
First Amendment, dated as of February 5, 2007, to the Las Vegas Sands Corp.
2004 Equity Award Plan (incorporated by reference from Exhibit 10.76 to the
Companys Annual Report on Form 10-K for the year ended December 31, 2006
and filed on February 28, 2007).
|
|||
|
||||
10.47 |
Form of Restricted Stock Award Agreements under the 2004 Equity Award Plan
(incorporated by reference from Exhibit 10.70 to the Companys Amendment No.
4 to Registration Statement on Form S-1 (Reg. No. 333-118827) dated December
8, 2004).
|
|||
|
||||
10.48 | * |
Form of Restricted Stock Award Agreement under the 2004 Equity Award Plan.
|
||
|
||||
10.49 |
Form of
Nonqualified Stock Option Agreements under the 2004 Equity Award Plan
(incorporated by reference from Exhibit 10.71 to the Companys Amendment No.
4 to Registration Statement on Form S-1 (Reg. No. 333-118827) dated December
8, 2004).
|
|||
|
||||
10.50 |
Form of Nonqualified Stock Option Agreement under the Companys 2004 Equity
Award Plan (incorporated by reference from Exhibit 10.2 to the Companys
Quarterly Report on Form 10-Q for the quarter ended June 30, 2009 and filed
August 7, 2009).
|
|||
|
||||
10.51 | * |
Form of Nonqualified Stock Option Agreement under the 2004 Equity Award Plan.
|
||
|
||||
10.52 |
Las Vegas Sands Corp. Executive Cash Incentive Plan (incorporated by
reference from Exhibit 10.42 to the Companys Quarterly Report on Form 10-Q
for the quarter ended March 31, 2005 and filed on May 16, 2005).
|
|||
|
||||
10.53 |
Las Vegas Sands Corp. Deferred Compensation Plan (incorporated by reference
from Exhibit 10.63 to the Companys Amendment No. 2 to Registration
Statement on Form S-1 (Reg. No. 333-118827) dated November 22, 2004).
|
137
Exhibit No. | Description of Document | |||
|
||||
10.54 |
Form of Restricted Stock Award Agreement (incorporated by reference from
Exhibit 10.1 to the Companys Current Report on Form 8-K filed on February
9, 2007).
|
|||
|
||||
10.55 |
Employment Agreement, dated as of November 18, 2004, by and among Las Vegas
Sands Corp., Las Vegas Sands, Inc. and Sheldon G. Adelson (incorporated by
reference from Exhibit 10.36 to the Companys Amendment No. 2 to
Registration Statement on Form S-1 (Reg. No. 333-118827) dated November 22,
2004).
|
|||
|
||||
10.56 |
Amendment No. 1 to Employment Agreement, dated as of December 31, 2008, by
and among Las Vegas Sands Corp., Las Vegas Sands, LLC (f/k/a Las Vegas
Sands, Inc.) and Sheldon G. Adelson (incorporated by reference from Exhibit
10.35 to the Companys Annual Report on Form 10-K for the year ended
December 31, 2008 and filed on March 2, 2009).
|
|||
|
||||
10.57 | * |
Employment Agreement, dated as of November 13, 2010, among Las Vegas Sands
Corp., Las Vegas Sands, LLC and Michael A. Leven.
|
||
|
||||
10.58 |
Employment Agreement, dated as of December 1, 2008 between Las Vegas Sands
Corp. and Kenneth J. Kay (incorporated by reference from Exhibit 10.36 to
the Companys Annual Report on Form 10-K for the year ended December 31,
2008 and filed on March 2, 2009).
|
|||
|
||||
10.59 |
Letter Agreement, dated January 18, 2010, between Las Vegas Sands Corp. and
Kenneth J. Kay (incorporated by reference from Exhibit 10.33 to the
Companys Annual Report on Form 10-K for the year ended December 31, 2009
and filed on March 1, 2010).
|
|||
|
||||
10.60 | * |
Employment Agreement, dated as of January 11, 2011, among Las Vegas Sands
Corp., Las Vegas Sands, LLC and Robert G. Goldstein.
|
||
|
||||
10.61 |
Amendment to Employment Agreement, effective as of October 1, 2009, between
Las Vegas Sands Corp. and Michael Quartieri (incorporated by reference from
Exhibit 10.1 to the Companys Quarterly Report on Form 10-Q for the quarter
ended September 30, 2009 and filed on November 9, 2009).
|
|||
|
||||
10.62 |
Employment Offer Terms and Conditions, agreed on August 3, 2009, by Steve
Jacobs and the Company (incorporated by reference from Exhibit 10.1 to the
Companys Quarterly Report on Form 10-Q for the quarter ended March 31, 2010
and filed on May 10, 2010).
|
|||
|
||||
10.63 |
Purchase and Sale Agreement, dated April 12, 2004, by and among Grand Canal
Shops Mall Subsidiary, LLC, Grand Canal Shops Mall MM Subsidiary, Inc. and
GGP Limited Partnership (incorporated by reference from Exhibit 10.1 to Las
Vegas Sands, Inc.s Current Report on Form 8-K filed on April 16, 2004).
|
|||
|
||||
10.64 |
Agreement, made as of April 12, 2004, by and between Lido Casino Resort, LLC
and GGP Limited Partnership (incorporated by reference from Exhibit 10.2 to
Las Vegas Sands, Inc.s Current Report on Form 8-K filed on April 16, 2004).
|
|||
|
||||
10.65 |
Assignment and Assumption of Agreement and First Amendment to Agreement,
dated September 30, 2004, made by Lido Casino Resort, LLC, as assignor, to
Phase II Mall Holding, LLC, as assignee, and to GGP Limited Partnership, as
buyer (incorporated by reference from Exhibit 10.60 to the Companys
Amendment No. 1 to Registration Statement on Form S- 1 (Reg. No. 333-118827)
dated October 25, 2004).
|
|||
|
||||
10.66 |
Second Amendment, dated as of January 31, 2008, to Agreement dated as of
April 12, 2004 and amended as of September 30, 2004, by and among Venetian
Casino Resort, LLC, as successor-by-merger to Lido Casino Resort, LLC, Phase
II Mall Holding, LLC, as successor-in-interest to Lido Casino Resort, LLC,
and GGP Limited Partnership (incorporated by reference from Exhibit 10.2 to
the Companys Quarterly Report on Form 10-Q for the quarter ended March 31,
2008 and filed on May 9, 2008).
|
|||
|
||||
10.67 |
Second Amended and Restated Registration Rights Agreement, dated as of
November 14, 2008, by and among Las Vegas Sands Corp., Dr. Miriam Adelson
and the other Adelson Holders (as defined therein) that are party to the
agreement from time to time (incorporated by reference from Exhibit 10.2 to
the Companys Current Report on Form 8-K filed on November 14, 2008).
|
138
Exhibit No. | Description of Document | |||
|
||||
10.68 |
Investor Rights Agreement, dated as of September 30, 2008, by and between
Las Vegas Sands Corp. and the Investor named therein (incorporated by
reference from Exhibit 10.3 to the Companys Quarterly Report on Form 10-Q
for the quarter ended September 30, 2008 and filed on November 10, 2008).
|
|||
|
||||
10.69 |
Agreement, dated as of July 8, 2004, by and between Sheldon G. Adelson and
Las Vegas Sands, Inc. (incorporated by reference from Exhibit 10.47 to the
Companys Registration Statement on Form S-1 (Reg. No. 333-118827) dated
September 3, 2004).
|
|||
|
||||
10.70 |
Venetian Hotel Service Agreement, dated as of June 28, 2001, by and between
Venetian Casino Resort, LLC and Interface Group-Nevada, Inc. d/b/a Sands
Expo and Convention Center (incorporated by reference from Exhibit 10.49 to
the Companys Amendment No. 2 to Registration Statement on Form S-1 (Reg.
No. 333-118827) dated November 22, 2004).
|
|||
|
||||
10.71 |
First Amendment to Venetian Hotel Service Agreement, dated as of June 28,
2004, by and between Venetian Casino Resort, LLC and Interface Group-Nevada,
Inc. d/b/a Sands Expo and Convention Center (incorporated by reference from
Exhibit 10.50 to the Companys Registration Statement on Form S-1 (Reg. No.
333-118827) dated September 3, 2004).
|
|||
|
||||
10.72 |
Tax Indemnification Agreement, dated as of December 17, 2004, by and among
Las Vegas Sands Corp., Las Vegas Sands, Inc. and the stockholders named
therein (incorporated by reference from Exhibit 10.56 to the Companys
Current Report on Form 8-K filed on April 4, 2005).
|
|||
|
||||
10.73 |
Aircraft Time Sharing Agreement, dated as of November 6, 2009 and effective
as of January 1, 2009, between Las Vegas Sands Corp. and Interface
Operations, LLC (incorporated by reference from Exhibit 10.2 to the
Companys Quarterly Report on Form 10-Q for the quarter ended September 30,
2009 and filed on November 9, 2009).
|
|||
|
||||
10.74 |
Aircraft Time Sharing Agreement, dated as of November 6, 2009 and effective
as of January 1, 2009, between Interface Operations, LLC and Las Vegas Sands
Corp. (incorporated by reference from Exhibit 10.3 to the Companys
Quarterly Report on Form 10-Q for the quarter ended September 30, 2009 and
filed on November 9, 2009).
|
|||
|
||||
10.75 |
Aircraft Time Sharing Agreement, dated as of November 6, 2009 and effective
as of January 1, 2009, between Las Vegas Sands Corp. and Interface
Operations, LLC (incorporated by reference from Exhibit 10.4 to the
Companys Quarterly Report on Form 10-Q for the quarter ended September 30,
2009 and filed on November 9, 2009).
|
|||
|
||||
10.76 |
Aircraft Time Sharing Agreement, dated as of November 6, 2009 and effective
as of January 1, 2009, between Interface Operations, LLC and Las Vegas Sands
Corp. (incorporated by reference from Exhibit 10.5 to the Companys
Quarterly Report on Form 10-Q for the quarter ended September 30, 2009 and
filed on November 9, 2009).
|
|||
|
||||
10.77 |
Aircraft Time Sharing Agreement, dated as of November 6, 2009 and effective
as of January 1, 2009, between Interface Operations Bermuda, LTD and Las
Vegas Sands Corp. (incorporated by reference from Exhibit 10.6 to the
Companys Quarterly Report on Form 10-Q for the quarter ended September 30,
2009 and filed on November 9, 2009).
|
139
Exhibit No. | Description of Document | |||
|
||||
10.78 |
Amended Aircraft Interchange Agreement, dated as of May 23, 2007, by and
between Interface Operations LLC and Las Vegas Sands Corp. (incorporated by
reference from Exhibit 10.1 to the Companys Quarterly Report on Form 10-Q
for the quarter ended June 30, 2007 and filed on August 9, 2007).
|
|||
|
||||
10.79 |
Aircraft Time Share Agreement, dated as of May 23, 2007, by and between
Interface Operations LLC and Las Vegas Sands Corp. (incorporated by
reference from Exhibit 10.2 to the Companys Quarterly Report on Form 10-Q
for the quarter ended June 30, 2007 and filed on August 9, 2007).
|
|||
|
||||
10.80 |
Aircraft Time Sharing Agreement, dated as of January 1, 2005, by and between
Interface Operations LLC and Las Vegas Sands Corp. (incorporated by
reference from Exhibit 10.3 to the Companys Quarterly Report on Form 10-Q
for the quarter ended September 30, 2005 and filed November 14, 2005).
|
|||
|
||||
10.81 |
Aircraft Time Sharing Agreement, dated as of June 18, 2004, by and between
Interface Operations LLC and Las Vegas Sands, Inc. (incorporated by
reference from Exhibit 10.48 to the Companys Amendment No. 1 to
Registration Statement on Form S-1 (Reg. No. 333-118827) dated October 25,
2004).
|
|||
|
||||
10.82 | * |
Form of
Restricted Stock Award Agreement under the 2004 Equity Award Plan.
|
||
|
||||
21.1 | * |
Subsidiaries of Las Vegas Sands Corp.
|
||
|
||||
23.1 | * |
Consent of PricewaterhouseCoopers LLP.
|
||
|
||||
31.1 | * |
Certification of the Chief Executive Officer pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002.
|
||
|
||||
31.2 | * |
Certification of the Chief Financial Officer pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002.
|
||
|
||||
32.1 | * |
Certification of Chief Executive Officer of Las Vegas Sands Corp. pursuant
to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002.
|
||
|
||||
32.2 | * |
Certification of Chief Financial Officer of Las Vegas Sands Corp. pursuant
to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002.
|
* |
Filed herewith.
|
|
|
Confidential treatment has been requested and granted with respect to portions of this
exhibit, and such confidential portions have been deleted and replaced with ** and filed
separately with the Securities and Exchange Commission pursuant to Rule 406 under the
Securities Act of 1933.
|
140
141
LAS VEGAS SANDS CORP.
/s/
Sheldon G. Adelson
Chairman of the Board and
Chief Executive Officer
Signature
Title
Date
Chairman of the Board, Chief Executive Officer
and Director
February 28, 2011
President, Chief Operating Officer and Director
February 28, 2011
Director
February 28, 2011
Director
February 28, 2011
Director
February 28, 2011
Director
February 28, 2011
Director
February 28, 2011
Director
February 28, 2011
Executive Vice President and Chief Financial
Officer
February 28, 2011
Chief Accounting Officer and Global Controller
February 28, 2011
2
1. | The recitals set forth above are part of this Third Amendment. |
2. | Section 2.3 of the ESAs, defining the Service Commencement Date, is amended as set forth in the above recitals to define such term to mean July 1, 1999. |
3
3. | Section 2.5 is modified as follows: (a) the Parties have agreed upon a single Renewal Term with a period of ten (10) years commencing July 1, 2009, (b) the Purchase Option Payment at the expiration of the Renewal Term is fixed at $13,064,000 and shall be allocated among VCR, GCS and Interface in proportion to their respective Divided Shares, (c) the monthly aggregate Capacity Payment under all of the ESAs for the first year of the Renewal Term is fixed at $371,250 and the monthly aggregate Capacity Payment under all of the ESAs shall be reduced by $17,500 on every anniversary of the Effective Date beginning with the first such anniversary, with the monthly Capacity Payment being allocated among VCR, GCS and Interface in proportion to their respective Divided Shares; (d) any reference in the ESAs to the Effective Interest Rate shall hence forth be a reference to 7.5%, (e) VCR and the Other Customers shall have further options to purchase the Central Plant and Other Facilities (the Early Options) only on certain dates (Option Dates) during the Renewal Term by making a Purchase Option Payment at fixed sums (Early Option Payments) as set forth in the following table, provided however VCR and the Other Customers shall not be permitted to exercise an Early Option in the event of a Buyer Default under an ESA, in which case the Termination Payment shall be governed by Section 9.1 of the ESA: |
Option Date
|
Early Option Payment | |
|
||
July 1, 2012
|
Thirty One Million, Seven Hundred Thousand US Dollars ($31,700,000) | |
July 1, 2014
|
Twenty Three Million, Five Hundred Thousand US Dollars ($23,500,000) | |
July 1, 2016
|
Twenty Million, Three Hundred Thousand US Dollars ($20,300,000) |
4. | Not later than one year prior to the end of the Renewal Term, the Parties shall meet to discuss the possibility of agreeing upon a subsequent renewal period on such terms and conditions as may be acceptable to the Parties each in its sole discretion. In the event that the Parties are unable to agree upon a subsequent renewal period by ninety (90) days prior to the end of the Renewal Term, upon such end date, the Buyer shall pay the Seller the Purchase Option Payment set forth in Section 3.(b) above and the ESAs shall terminate. |
5. | Section 3.3 is hereby amended to clarify that the Energy Management Services are provided by Seller on a non-exclusive basis. |
4
6. | Notwithstanding anything in the ESAs to the contrary, the Parties agree that in the event VCR and the other Customers exercise any of the Early Purchase Options set forth above, Trigen shall continue to provide the O&M Services and the Energy Management Services pursuant to Sections 3.2 and 3.3 respectively of the ESAs and VCR and the Other Customers shall continue to receive and pay for such O&M Services and Energy Management Services under Sections 4.2 and 4.3 respectively of the ESAs for the remainder of the Renewal Term. |
7. | Schedule 9.3 of the ESAs is hereby replaced with a Replacement Schedule 9.3, which is attached hereto as Exhibit B, incorporated by reference and made a part of this Third Amendment. |
8. | Upon either (a) the exercise and satisfaction of the obligation of the Buyer and the Other Customers to pay the full Purchase Option Payment at the expiration of the Renewal Term as set forth in Section 3.(b) above or (b) a permitted termination of the ESAs by any Party due to the default of another Party and the payment in full by the Buyer and the Other Customers of the applicable Termination Payment set forth in Replacement Schedule 9.3, the Ground Lease and the Easement Agreements shall expire automatically and be of no further force and effect (except for any provisions that by their express terms survive termination) except that Trigen shall execute any documents reasonably necessary and in reasonable form to confirm such expiration and termination, |
9. | Schedule 3.2A to the ESAs, Operation and Maintenance Services, is hereby amended by deleting the fourth paragraph of Section I, Staffing, and replacing it with the following: Seller shall execute the work by providing a staff which consists of the types and quantity of the following personnel: |
General Manager
|
1 | |||
Facility Maintenance Manager
|
1 | |||
Central Plant Manager
|
1 | |||
Environ/Safety Manager
|
1 | |||
Instrument & Controls Manager
|
1 | |||
Shift Supervisors
|
4 | |||
Maintenance Clerk
|
1 | |||
Administrative Assistant
|
1 | |||
Senior Facilities Technicians
|
26 | |||
Central Plant Operators
|
10 | |||
Assistant Plant/Facility Operators
|
3 | |||
|
||||
FTEs
|
50 |
5
10. | If an event occurs permitting VCR and the other Customers to terminate the ESAs pursuant to Section 3.4(c) of the ESAs, the Termination Payment shall be calculated and paid in accordance with Paragraph (1) of Replacement Schedule 9.3. |
11. | If an event occurs permitting Trigen to terminate the ESAs pursuant to Section 9.1 of the ESAs, the Termination Payment shall be calculated and paid in accordance with Paragraph (2) of Replacement Schedule 9.3. |
12. | Schedule 4.1 of the ESAs, relating to the Capacity Payment Determination, and the Attachment to Schedule 4.1 are deleted. |
13. | Section 4.1 of the ESAs is amended as follows: (a) any reference to the Capacity Payments being defined and determined in accordance with Schedule 4.1 is deleted, and (b) the Capacity Payments shall be determined in accordance with paragraph 3(c) of this Third Amendment instead. |
14. | Section 4.5 of the ESAs is amended as follows: (a) any reference to a Capacity Payment being determined in accordance with Schedule 4.1 is deleted and (b) the Capacity Payment shall be determined in accordance with paragraph 3(c) of this Third Amendment instead. |
15. | The reference to the Termination Payment in Section 9.1, which is due in the event of a Buyer Default, shall be deemed a reference to the Termination Payment described in Paragraph (2) of Replacement Schedule 9.3. |
16. | The fax number for VCR in Section 13.5 of the Amended ESA is hereby changed to (702) 414-4421. |
17. | Nothing in this Third Amendment is intended to vary or modify any of the rights or obligations that any Party owes to any other Party under that certain Fourth Amended and Restated Reciprocal Easement, Use and Operating Agreement among Interface, GCS, Phase II Mall Subsidiary, LLC, VCR and Palazzo Condo Tower, LLC, as amended (the REA). |
6
18. | Except as provided herein, the Amended ESA and the Grand Canal Shoppes ESA and the Interface ESA remain in full force and effect |
19. | The Parties agree to execute and deliver, or to cause to be executed and delivered, such additional and further documents and instruments as may be necessary or appropriate to carry out the intents and purposes of this Third Amendment. |
VENETIAN CASINO RESORT, LLC
|
TRIGEN-LAS VEGAS ENERGY COMPANY, LLC | |||
(BUYER)
|
(SELLER) | |||
|
||||
By: /s/ Robert G. Goldstein
|
By: /s/ Patrick Bastien | |||
|
|
|||
Name: Robert G. Goldstein
|
Name: Patrick Bastien
|
|||
Title: President & COO
|
Title: Senior Vice President
|
|||
|
||||
INTERFACE GROUP-NEVADA, INC.
|
GRAND CANAL SHOPS II, LLC | |||
(INTERFACE)
|
(GCS) | |||
|
||||
By: /s/ Robert G. Goldstein
|
By: /s/ Daniel Sheridan | |||
|
|
|||
Name: Robert G. Goldstein
|
Name: Daniel Sheridan
|
|||
Title: An Authorized Agent
|
Title: Authorized Signatory
|
7
2
3
4
5
Las Vegas Sands Corp. | ||||
|
||||
|
By: | |||
|
||||
|
Name: | |||
|
Title: | |||
|
||||
[type in name of participant] |
6
2
3
4
5
Las Vegas Sands Corp. | ||||
|
||||
|
By: | |||
|
||||
|
Name: | |||
|
Title: | |||
|
||||
[type in name of participant] |
6
2
3
4
Very truly yours,
LAS VEGAS SANDS CORP. |
||||
By: | /s/Sheldon G. Adelson | |||
Name: | Sheldon G. Adelson | |||
Title: | Chief Executive Officer | |||
LAS VEGAS SANDS, LLC
|
||||
By: | /s/ Sheldon G. Adelson | |||
Name: | Sheldon G. Adelson | |||
Title: | Chairman of the Board and Treasurer |
I hereby accept the terms of this
|
||
Agreement and agree to abide by the
|
||
provisions hereof:
|
||
|
||
/s/ Michael A. Leven
|
||
|
||
|
||
Date: November 13, 2010
|
5
|
EXECUTIVE | |||
|
||||
|
|
3
Expiration | Options | Option | Options | Options | Options | Options | ||||||||||||||||||||||
Grant Date | Date | Issued | Price | Vested | Unvested | Exercised | Exercisable | |||||||||||||||||||||
12/15/2004
|
12/15/2004 | 8,349 | $ | 29.00 | 8,349 | 0 | 0 | 8,349 | ||||||||||||||||||||
12/17/2007
|
12/17/2007 | 10,000 | $ | 115.39 | 4,000 | 6,000 | 0 | 4,000 | ||||||||||||||||||||
3/11/2009
|
3/11/2014 | 750,000 | $ | 1.55 | 750,000 | 0 | 450,000 | 300,000 | ||||||||||||||||||||
3/11/2009
|
3/11/2014 | 2,250,000 | $ | 1.55 | 0 | 2,250,000 | 0 | 0 | ||||||||||||||||||||
1/1/2010
|
3/11/2014 | 250,000 | $ | 14.94 | 250,000 | 0 | 250,000 | |||||||||||||||||||||
1/1/2010
|
3/11/2014 | 750,000 | $ | 14.94 | 0 | 750,000 | 0 | 0 | ||||||||||||||||||||
|
||||||||||||||||||||||||||||
Totals
|
4,018,349 | 1,012,349 | 3,006,000 | 450,000 | 562,349 | |||||||||||||||||||||||
|
Shares | Shares | Shares | ||||||||||
Grant Date | Issued | Vested | Unvested | |||||||||
6/9/2005
|
1,348 | 1,348 | 0 | |||||||||
6/7/2006
|
734 | 734 | 0 | |||||||||
6/7/2007
|
636 | 636 | 0 | |||||||||
6/5/2008
|
779 | 779 | 0 | |||||||||
|
||||||||||||
Totals
|
3,497 | 3,497 | 0 | |||||||||
|
4
- 2 -
- 3 -
- 4 -
- 5 -
- 6 -
- 7 -
- 8 -
- 9 -
- 10 -
- 11 -
- 12 -
- 13 -
Very truly yours,
LAS VEGAS SANDS CORP. |
||||
By: | /s/ Sheldon G. Adelson | |||
Name: | Sheldon G. Adelson | |||
Title: | Chairman of the Board and Chief Executive Officer | |||
LAS VEGAS SANDS, LLC
|
||||
By: | /s/ Sheldon G. Adelson_ | |||
Name: | Sheldon G. Adelson | |||
Title: | Chairman of the Board and Treasurer |
I hereby accept the terms of this
|
||
Agreement and agree to abide by the
|
||
provisions hereof:
|
||
|
||
/s/ Robert G. Goldstein
|
||
|
||
|
||
Date: January 11, 2011
|
- 14 -
A. |
Incentive Awards under the 2004 Employment Agreement
|
Grant | Expiration | Options | Option | Options | Options | Options | ||||||||||||||||||
Date | Date | Issued | Price | Vested | Unvested | Exercised | ||||||||||||||||||
12/15/2004
|
12/15/2014 | 62,620 | $ | 29.00 | 62,620 | 0 | 0 | |||||||||||||||||
01/01/2006
|
01/11/2016 | 53,254 | $ | 42.59 | 53,254 | 0 | 0 | |||||||||||||||||
01/01/2007
|
03/30/2017 | 30,988 | $ | 86.61 | 30,988 | 0 | 0 | |||||||||||||||||
01/01/2008
|
03/29/2018 | 39,155 | $ | 73.59 | 29,366 | 9,789 | 0 | |||||||||||||||||
01/01/2009
|
02/06/2019 | 448,028 | $ | 4.14 | 224,014 | 224,014 | 0 |
Grant | Shares | Shares | Shares | |||||||||
Date | Issued | Vested | Unvested | |||||||||
01/01/2006
|
17,609 | 17,609 | 0 | |||||||||
01/01/2007
|
10,391 | 10,391 | 0 | |||||||||
01/01/2008
|
5,071 | 5,071 | 0 | |||||||||
01/01/2009
|
4,024 | 2,683 | 1,341 |
B. |
Option Incentive Award under the 2009 Employment Agreement
|
Grant | Expiration | Options | Option | Options | Options | Options | ||||||||||||||||||
Date | Date | Issued | Price | Vested | Unvested | Exercised | ||||||||||||||||||
07/10/2009
|
07/10/2019 | 500,000 | $ | 6.84 | 500,000 | 0 | 0 |
- 15 -
- 16 -
- 17 -
|
EXECUTIVE | |||
|
||||
|
|
|||
|
Robert G. Goldstein |
- 18 -
2
3
4
Las Vegas Sands Corp. | ||||||
|
||||||
|
By: | |||||
|
Title: |
5
State or Other Jurisdiction of | ||
Legal Name | Incorporation or Organization | |
Asian Cultural & Recreational Promotion (II) Co., Limited
|
Hong Kong | |
BBLV, LLC
|
Nevada | |
Beijing Asia Travel Alliance Business Consulting Co., Ltd.
|
PRC | |
Bethlehem Works Owners Association, LLC
|
Pennsylvania | |
Cotai Ferry Company Limited
|
Macau | |
Cotai Human Resources Management Limited
|
Macau | |
Cotai Retail Concepts Limited
|
Macau | |
Cotai Strip Lot 2 Apart Hotel (Macau) Limited
|
Macau | |
Cotai Strip Lot 7 & 8 Development Limited
|
Macau | |
Cotai Waterjets (HK) Limited
|
Hong Kong | |
CotaiJet 311 Ltd.
|
Cayman Islands | |
CotaiJet 312 Ltd.
|
Cayman Islands | |
CotaiJet 313 Ltd.
|
Cayman Islands | |
CotaiJet 314 Ltd.
|
Cayman Islands | |
CotaiJet 315 Ltd.
|
Cayman Islands | |
CotaiJet 316 Ltd.
|
Cayman Islands | |
CotaiJet 317 Ltd.
|
Cayman Islands | |
CotaiJet 318 Ltd.
|
Cayman Islands | |
CotaiJet 319 Ltd.
|
Cayman Islands | |
CotaiJet 320 Ltd.
|
Cayman Islands | |
CotaiJet 350 Ltd.
|
Cayman Islands | |
CotaiJet 351 Ltd.
|
Cayman Islands | |
CotaiJet 352 Ltd.
|
Cayman Islands | |
CotaiJet 353 Ltd.
|
Cayman Islands | |
CotaiJet Holdings (II) Limited
|
Hong Kong | |
GBF, LLC
|
Nevada | |
Grand Canal Shops Mall MM Subsidiary, Inc.
|
Nevada | |
Las Vegas Sands (UK) Limited
|
United Kingdom | |
Las Vegas Sands, LLC
|
Nevada | |
Lido Casino Resort Holding Company, LLC
|
Delaware | |
Lido Intermediate Holding Company, LLC
|
Delaware | |
LV Noodle Concept, LLC
|
Nevada | |
LVCUT Associates, LLC
|
Nevada | |
LVS (Nevada) International Holdings, Inc.
|
Nevada | |
LVS Dutch Finance C.V.
|
Netherlands | |
LVS Dutch Holding B.V.
|
Netherlands | |
LVS International (Indonesia) Limited
|
Cayman Islands | |
LVS International (Malaysia) Sdn. Bhd.
|
Malaysia | |
LVS International (Singapore) Pte. Ltd.
|
Singapore | |
LVS International (South Korea) Ltd.
|
South Korea | |
LVS International (Taiwan) Limited
|
Taiwan | |
LVS International (Thailand) Co., Ltd.
|
Thailand | |
LVS International Holding (Thailand) Co., Ltd.
|
Thailand | |
LVS International Japan Ltd.
|
Japan | |
LVS Management Services, LLC
|
Nevada | |
LVS Marketing (India) Private Limited
|
India | |
Mall Intermediate Holding Company, LLC
|
Delaware | |
Marina Bay Sands Pte. Ltd.
|
Singapore | |
MBS Holdings Pte. Ltd.
|
Singapore | |
Paiza Air, LLC
|
Nevada | |
Palazzo Condo Tower, LLC
|
Nevada | |
Phase II Mall Holding, LLC
|
Nevada | |
Primewine, LLC
|
Nevada | |
Sands Aviation, LLC
|
Nevada | |
Sands Bethworks Condominium Association
|
Pennsylvania | |
Sands Bethworks Gaming LLC
|
Pennsylvania | |
Sands Bethworks Retail LLC
|
Pennsylvania | |
Sands China Ltd.
|
Cayman Islands | |
Sands Expo & Convention Center, Inc. (formerly known as Interface Group-Nevada, Inc.)
|
Nevada | |
Sands IP Asset Management B.V. (formerly known as LVS Dutch Intermediate Holding B.V.)
|
Netherlands | |
Sands Mauritius Holdings
|
Mauritius | |
Sands Pennsylvania, Inc.
|
Delaware | |
SCL IP Holdings, LLC (formerly known as LVS IP Holdings, LLC)
|
Nevada | |
Silver State Marble, LLC
|
Nevada | |
TK Las Vegas, LLC
|
Delaware | |
Two Roads Las Vegas, LLC
|
Delaware | |
V.I. (C.I.) Limited
|
Alderney, Channel Islands | |
Venetian (Zhuhai Hengqin) Hotel Co., Ltd.
|
PRC | |
Venetian (Zhuhai) Hotel Marketing Co., Ltd.
|
PRC | |
Venetian Casino Resort, LLC
|
Nevada | |
Venetian Cotai Hotel Management Limited
|
Macau | |
Venetian Cotai Limited
|
Macau | |
Venetian Far East Limited
|
Hong Kong | |
Venetian Global Holdings Limited
|
Cayman Islands | |
Venetian International Marketing Services (HK) Limited
|
Hong Kong | |
Venetian Macau Finance Company
|
Cayman Islands | |
Venetian Macau Limited
|
Macau | |
Venetian Marketing Services Limited
|
Hong Kong | |
Venetian Marketing, Inc.
|
Nevada | |
Venetian Orient Limited
|
Macau | |
Venetian Resort Development Limited
|
Cayman Islands | |
Venetian Retail Limited
|
Macau | |
Venetian Transport LLC
|
Delaware | |
Venetian Travel Limited
|
Macau | |
Venetian Venture Development Intermediate I
|
Cayman Islands | |
Venetian Venture Development Intermediate II
|
Cayman Islands | |
Venetian Venture Development Intermediate Limited
|
Cayman Islands | |
V-HK Services Limited
|
Hong Kong | |
VML US Finance LLC
|
Delaware | |
WDR, LLC
|
Nevada | |
World Sourcing Services Limited
|
Hong Kong | |
Zhuhai Cotai Information Services Co., Ltd.
|
PRC | |
Zhuhai Cotai Logistics Services Co., Ltd.
|
PRC |
By: | /s/ Sheldon G. Adelson | |||
Name: | Sheldon G. Adelson | |||
Title: | Chief Executive Officer |
By: | /s/ Kenneth J. Kay | |||
Name: | Kenneth J. Kay | |||
Title: | Chief Financial Officer |
By: | /s/ Sheldon G. Adelson | |||
Name: | Sheldon G. Adelson | |||
Title: | Chief Executive Officer |
By: | /s/ Kenneth J. Kay | |||
Name: | Kenneth J. Kay | |||
Title: | Chief Financial Officer | |||