News | January 19, 2018
Repeating last year’s appearance on the preeminent list of global corporate leaders, Las Vegas Sands has been named one of the “World’s Most Admired Companies” in Fortune’s annual roundup of the world’s most respected and reputable businesses, as judged by industry peers, analysts and leaders on criteria including innovation, people management and social responsibility.
“We are honored to again earn this recognition from Fortune and especially the respect that it means from our key stakeholders,” said Sheldon G. Adelson, chairman and chief executive officer of Las Vegas Sands. “This past year, we have had much to celebrate – from the 10-year anniversary of our anchor property on the Cotai Strip, The Venetian Macao, to successfully establishing the next phase of our five-year sustainability goals for Sands ECO 360.
“We’ve also faced immense challenges in our communities with the destruction caused by Typhoon Hato in Macao and the horrific mass shooting in Las Vegas. Through it all our dedicated Team Members around the globe not only maintained the highest level of service for our guests and continued to execute on our strategies and initiatives, but they also rose to the occasion for our communities as part of Sands Cares’ response in the face of these terrible events. They are the reason we are again joining this prestigious list of global leaders.”
Las Vegas Sands is the world’s most valuable gaming company and the largest global developer and operator of world-class Integrated Resorts serving both the business and leisure tourism markets. Las Vegas Sands pioneered the convention-based Integrated Resort model, which combines state-of-the-art meeting and convention facilities with luxury hotel rooms and suites, gaming, expansive retail offerings, celebrity-chef restaurants, live entertainment and a wide-range of other attractions and offerings.
“When Sheldon Adelson founded this company he set out with a vision for how the best of the gaming and hospitality industry could be intertwined with the meetings and convention industry,” Rob Goldstein, president and chief operating officer of Las Vegas Sands, said. “Becoming one of the World’s Most Admired Companies might not have been his first priority, but it certainly is proof of how we are executing on his incredible vision with unwavering attention to the values of innovation, strong business performance and committed social responsibility that he established for our company.”
To develop the “World’s Most Admired Companies” list, Fortune collaborated with partner Korn Ferry Hay Group to create the elite group from a starting base of 1,500 candidates, which included the 1,000 largest U.S. companies ranked by revenue along with the non-U.S companies in Fortune’s Global 500 database that have revenues of $10 billion or more. Korn Ferry Hay Group then surveyed executives, directors and analysts to rate companies in their own industry on nine criteria, from investment value to the ability to attract talent. To be listed, a company’s score must rank in the top half of its industry.