Las Vegas Sands announces community investment in local diversity organizations

LA VEGAS, November 19, 2020 /PRNewswire/ — Las Vegas Sands (NYSE: LVS) today announced a $400,000 investing in community organizations working to empower minority and ethnically diverse groups through Sands Cares, the company’s community engagement and charitable giving program. Through these partnerships, Sands is dedicated to helping the community address systemic racism and break down inherent barriers to advancement and opportunity.

The Sands Cares Diversity Community Engagement Strategy includes two priorities: education and mentorship to support youth and workforce empowerment, and advancing social justice through advocacy and awareness. Organizations receiving funding in these areas include Nevada Partners, 100 Black Men Las Vegas, Urban Las Vegas Chamber of Commerce, Hope for Prisoners, Mastering Mindsets Las Vegas, National Coalition of 100 Black Women, Inc. – Vegasand the Las Vegas Urban League.

“Since the race-related events of 2020 sparked a deeper and more passionate conversation about the impact of systemic racism in our society, we have taken a close look at how our business can address race issues with greater impact. and be a catalyst for positive change.” mentioned Ron Reese, senior vice president of global communications and corporate affairs at Las Vegas Sands. “We have taken measured steps to listen to the needs and perspectives of our team members and have met with key leaders from organizations that provide diverse groups with insight into how we can help advance their initiatives and provide solution.”

As part of the Sands Cares Diversity Community Engagement Strategy, Sands provides partners in Nevada $250,000 in funding, one of the organization’s largest corporate donations to date, for education and youth development in the West Las Vegas Promise neighborhood. The funds will support literacy programs, a variety of youth camps and mentorship programs, as well as the soon-to-be-launched Youth Empowerment Center, which will provide opportunities in technology and the arts for advancing the education of young people.

According to Nevada Partners, families living in West of Las Vegas are predominantly people of color, experience more social and behavioral problems, have lower test scores, and are more likely to drop out of school and experience high crime rates, unemployment, hunger, and limited access to affordable housing. Investments in the education and development of young people are at the center of the organization’s work and its greatest opportunity to affect change.

“This year marked a time when people are choosing to show greater support for these longstanding and sometimes overlooked issues,” said Kenadie Cobbin-Richardson, executive director of Nevada Partners. “We’re grateful to Las Vegas Sands for their really genuine commitment to advancing this work. It’s really powerful when the people behind the investments care, and that’s what we get from Sands.”

As part of the Diversity Community Engagement Strategy, Sands Cares also contributes $100,000 to 100 Black Men Las Vegas to support its CrossRoads Mentoring and Life Skills program, the Pathways to Public Service program, the KCEP Teen Talk public radio talk show, and the COVID-19 Community PPE program, which provides masks, gloves and disinfectant to members of the community. Additionally, Sands and 100 black men from Vegas will explore future collaborative opportunities such as internships and mentorship.

“The Sands Cares donation will have an exponential impact on these programs; for example, we can more than double the number of youth mentored and expand our reach to different age groups through the CrossRoads program,” said Gentry Richardson, President and CEO of 100 Black Men Las Vegas. “We have previously worked with Sands on our scholarship program and other projects, but this new award is one of the largest we have received from a Vegas organization.”

To complement Sands Cares’ Diversity Community Engagement Strategy, Sands has also made a series of contributions to other designated local organizations, which will reinforce its commitment to removing barriers faced by minority and ethnic communities through education, mentorship and social justice initiatives.

About Las Vegas Sands (NYSE:LVS)
Las Vegas Sands is the world’s leading developer and operator of world-class integrated resorts. We provide unparalleled economic benefits to the communities in which we operate.

LVS created the Integrated Complex based on Meetings, Incentives, Conventions and Exhibitions (MICE). Our industry-leading integrated resorts make substantial contributions to our host communities, including the growth of leisure and business tourism, sustained job creation, and continued financial opportunities for small and medium-sized local businesses.

Our properties include The Venetian Resort and Sands Expo at Vegas and the iconic Marina Bay Sands in Singapore. Through a majority stake in Sands China Ltd., we have developed the largest portfolio of properties on the Cotai Strip in Macauincluding The Venetian Macao, The Plaza and Four Seasons Hotel Macao, Sands Cotai Central and The Parisian Macao, as well as the Sands Macau on the Macau Peninsula.

Sands is committed to being a good corporate citizen, anchored by the fundamental principles of service to people, planet and communities. We provide a great work environment for our team members around the world, drive social impact through the Sands Cares charitable giving and community engagement program, and lead environmental performance through the award-winning Sands ECO360 global sustainability program. To learn more, visit www.sands.com.

Contact:
Kristin Koca
Las Vegas Sands
[email protected]
702-414-3218

SOURCELas Vegas Sands Corp.

Related links

http://www.sands.com

Jill E. Washington