Las Vegas Sands (LVS) increased its ownership in its subsidiary Sands China Ltd. to more than 75%. The company reached a 74.8% stake by late 2025 following several years of share purchases.
LVS invested US$337 million into the Macau-based unit during the third quarter of 2025. A September 1, 2026 filing confirmed the parent company surpassed the 75% ownership threshold.
Sands China adopted an alternative minimum public float requirement on the Hong Kong Stock Exchange to allow the transaction. This move underscores LVS's conviction in the long-term stability of the Macau gaming market.