Is The Venetian Macao related to The Venetian in Las Vegas?

They share a name and design concept but different ownership today. Las Vegas Sands sold the Las Vegas Venetian and Palazzo in 2022 to VICI Properties and Apollo Global Management. The Macao property remains in the LVS portfolio through Sands China.

Is The Venetian Macao publicly traded?

The resort itself is not listed. Investors can buy exposure through Sands China Ltd. on the Hong Kong Stock Exchange (1928) or through the ultimate parent, Las Vegas Sands Corp., on the NYSE (LVS).

When did The Venetian Macao open?

The Venetian Macao opened on August 28, 2007, as the first mega-resort on the Cotai Strip, built at a cost of approximately $2.4 billion. It established Cotai as the center of Macao's gaming industry.

How big is The Venetian Macao casino?

The casino floor covers roughly 550,000 square feet, among the largest in the world, with hundreds of table games and thousands of slot machines. The integrated resort adds about 3,000 hotel suites, a mall, an arena, and convention space.

Travel & Hospitality

Who Owns The Venetian Macao?

Q: Who owns The Venetian Macao?

The Venetian Macao is owned and operated by Sands China Ltd., which is approximately 74.8% owned by Las Vegas Sands Corp. Sands China trades on the Hong Kong Stock Exchange under ticker 1928, and its casino operations run under a Macao government concession.

The Venetian Macao is operated by Sands China Ltd. (HKEX: 1928), the Hong Kong-listed subsidiary of Las Vegas Sands Corp. (NYSE: LVS), which owns approximately 74.8% of it. Opened in August 2007 as the anchor of the Cotai Strip, the resort has roughly 3,000 suites and one of the largest casino floors in the world. It generated $2.7 billion of net revenue in FY2025.

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Parent Company

Las Vegas Sands Corp.

Founded

2007

Status

Publicly Traded

Headquarters

Macao SAR, China

The Venetian Macao Timeline

1988

Las Vegas Sands Corp.

Parent company established in Las Vegas, Nevada, USA

Company Founded

2007

The Venetian Macao

Founded by Sheldon Adelson

Founded

luxurypremiumAsia PacificOfficial Website

Who Owns The Venetian Macao?

Parent Company: Las Vegas Sands Corp.
Ownership Type: Subsidiary
Company Type: Publicly Traded
Stock Ticker: NYSE: LVS

Brand	Parent Company	Ownership Type
The Venetian Macao	Las Vegas Sands Corp.	Subsidiary

History of The Venetian Macao

Founded: 2007
Founders: Sheldon Adelson

Sheldon Adelson conceived The Venetian Macao as the centerpiece of the Cotai Strip, a stretch of reclaimed land between the Macao islands of Taipa and Coloane that he imagined as Asia's version of the Las Vegas Strip. At the time he announced the project, Cotai was empty landfill, and critics questioned whether convention-driven resorts could work in a market built on VIP gambling.

The resort opened on August 28, 2007, replicating the Las Vegas Venetian at larger scale: roughly 3,000 all-suite rooms, a casino floor of about 550,000 square feet that ranked among the largest in the world, an arena, a mall with indoor canals and gondolas, and extensive meeting space. Construction cost approximately $2.4 billion.

The bet paid off quickly and then faced a test. The Venetian proved the Cotai concept could draw mass-market and premium customers beyond the junket-driven peninsula casinos, and Sands followed with additional Cotai resorts. When China's anti-corruption campaign crushed the junket VIP business after 2014, the resort's mass-market orientation let it absorb the downturn better than competitors dependent on high-roller play.

The property underwent periodic upgrades including suite renovations and mall repositioning toward luxury retail. In FY2025 it generated $2.7 billion of net revenue, down about 3% year over year, reflecting a competitive shift as the newly redeveloped Londoner Macao captured premium-mass traffic nearby.

About Las Vegas Sands Corp.

What does Las Vegas Sands own?

Las Vegas Sands owns Marina Bay Sands in Singapore outright and holds approximately 74.8% of Sands China Ltd., which operates The Venetian Macao, The Londoner Macao, The Parisian Macao, The Plaza and Four Seasons Macao, and Sands Macao. It sold its Las Vegas properties in 2022 and now operates entirely in Asia.

Is Las Vegas Sands publicly traded?

Yes. The company trades on the New York Stock Exchange under the ticker LVS and is a member of the S&P 500. Its Macao subsidiary, Sands China Ltd., separately trades on the Hong Kong Stock Exchange under ticker 1928.

Who owns Las Vegas Sands?

The public owns all outstanding shares, but the Adelson family is the dominant shareholder group. Dr. Miriam Adelson, widow of founder Sheldon Adelson, and family trusts hold roughly half of the common stock. Chairman and CEO Patrick Dumont is Adelson's son-in-law.

Who founded Las Vegas Sands?

Sheldon Adelson founded the company in 1988 after purchasing the Sands Hotel in Las Vegas, using wealth from his COMDEX trade show business. He built The Venetian, expanded into Macao and Singapore, and led the company until his death in January 2021.

Where is Las Vegas Sands headquartered?

The company is headquartered in Las Vegas, Nevada, USA. Despite the name and headquarters location, it owns no Las Vegas casino properties, having sold The Venetian and Palazzo resorts in 2022.

Why did Las Vegas Sands sell its Las Vegas casinos?

The company sold The Venetian, The Palazzo, and Sands Expo to VICI Properties and Apollo Global Management for $6.25 billion in 2022. Management concluded that growth and returns in Macao and Singapore exceeded what the Las Vegas assets could deliver, and redirected the capital toward Asian expansion and shareholder returns.

Founded: 1988
Headquarters: Las Vegas, Nevada, USA
Company Type: Publicly Traded
Stock: NYSE: LVS
Revenue: $13.02 billion (FY2025)
Employees: Approximately 40,000

Visit Las Vegas Sands Corp. website

View full company profile for Las Vegas Sands Corp.

Where Is The Venetian Macao Made / Based?

Headquarters: Macao SAR, China

The Venetian Macao Categories & Tags

Casino Resort Macao Cotai Strip Integrated Resort

The Venetian Macao Recalls & Controversies

Controversy attached to the property largely runs through its parent and the junket system that once dominated Macao gaming. Las Vegas Sands paid a $6.96 million SEC penalty in 2016 over Foreign Corrupt Practices Act violations tied to payments to a consultant for Macao business, and the broader crackdown on junket promoters reshaped how premium customers are brought to the casino floor.

The resort also became a flashpoint during Macao's concession rebidding process in 2022, when all six incumbent operators, including Sands China, won new 10-year concessions with strict non-gaming investment mandates. Labor disputes have been modest relative to peers, though the property's size makes it a recurring focus of local labor regulation enforcement.

The Venetian Macao Ownership: Pros & Cons

Advantages

+Anchors the largest connected resort cluster in Macao
+Approximately 3,000 suites supports group and convention business
+Mass-market orientation outlasted the junket model collapse
+Parent's $4.5 billion concession commitment funds continued upgrades
+Shared loyalty and operations across five Sands properties

Considerations

-FY2025 revenue declined as Londoner Macao took premium share
-Concession obligations impose heavy non-gaming spending through 2032
-Macao demand depends on mainland Chinese visitation and policy
-LVS's majority stake means minority investors share Sands China upside
-Aging original sections require ongoing capital reinvestment

Frequently Asked Questions About The Venetian Macao

Sources & Further Reading

Competitors to The Venetian Macao

These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.

Brand	Parent Company	Country	Founded	Market Position	Primary Market	Gender Target
The Londoner MacaoSister Brand	Las Vegas Sands	China	2012	Luxury	Asia pacific	All Genders
The Parisian MacaoSister Brand	Las Vegas Sands	China	2016	Premium	Asia pacific	All Genders
Marina Bay SandsSister Brand	Las Vegas Sands	Singapore	2010	Luxury	Asia pacific	All Genders
Sands MacaoSister Brand	Las Vegas Sands	China	2004	Premium	Asia pacific	All Genders
Bellagio	Mgm Resorts	USA	1998	Premium	United states	All Genders
Caesars Palace	Caesars Entertainment	USA	1966	Luxury	United states	All Genders