Check out our newest writers in Fantasy Sports!

HOT Stories more

Mob Museum follows the money

Article

Las Vegas Sands Corporation (LVS) declares special dividend

November 26, 2012 6:01 PM by Ray Poirier

Fearing tax consequences that could result from lack of Congressional action regarding the so-called “Fiscal Cliff,” the Las Vegas Sands Corp. (LVS) announced on Monday that the directors had agreed to pay a special dividend to shareholders prior to the end of the calendar year.

The special dividend of $2.75 per share will be paid on Dec. 18 to shareholders of record on Dec. 10. Total amount to be paid will be approximately $2.26 billion.

Company founder and Chairman Sheldon Adelson said that returning capital to shareholders was a company priority.

Several publicly-traded companies have announced similar early dividend payments that seek to avoid possible tax increases in 2013.

As for the Las Vegas Sands, it was noted that Adelson and his family control 52 percent of the company.

Ray Poirier is the longtime executive editor at GamingToday.

Contact Ray at RayPoirier@GamingToday.com.

Like GamingToday on Facebook GamingToday on Facebook      and        Follow GamingToday on Twitter GamingToday on Twitter

Check out our writersCheck out our writers

top stories

Usually when someone says it’s a story out of Hollywood, they are referring to a screenplay, but the tale of World Poker Tour’s Christina Lindley was literal.

Derek Stevens shook up downtown a few years ago when he bought and refurbished Fitzgerald’s and transformed it into the D. Now he has the Golden Nugget shaking with a possible million dollar payoff.

 

Baseball Previews | This is the 28th of 30 MLB previews to the 2015 baseball season as seen by GamingToday sports editor Mark Mayer. Today, the Kansas City Royals. On deck: San Francisco Giants).

Guests of Station Casinos are now able to swipe their player’s card at any property, including Fiesta or Wildfire Gaming Rewards Kiosk for the chance to win $500 per day.

On the Mark | “THE GAME is a throwback sports bar, nice and relaxed where you can watch every sport there is,” said Lewis, Suncoast's race and sports director.

GamingToday subscription ad

GamingToday Race and Sports Futures

           Westgate Superbook  Stratosphere Sports Book  

                Wynn Sports Book  CG Technology