Las Vegas Sands (NYSE: LVS) has been named one of the “World’s Most Admired Companies” in Fortune’s annual list of the world’s most respected and reputable businesses, repeating 2017 and 2018 appearances on the list of global corporate leaders. Created by industry peers, analysts and leaders, Sands has made the list a total of six times over the past seven years.
“Being recognized by Fortune for the third year in a row is not only an honor, but a testament to our team members unwavering commitment to deliver on our company’s plans and programs,” said Sheldon G. Adelson, chairman and chief executive officer of Las Vegas Sands. “The strong reputation we have built as a collective group is due to our solid operational execution and management, our innovative approach to the hospitality industry and our responsible business practices.
We are proud of our team members for embracing the company’s values and their continued loyalty which has made Las Vegas Sands the company it is today.”
Las Vegas Sands is the world’s 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.
To develop the “World’s Most Admired Companies” list, Fortune collaborated with partner Korn Ferry Hay Group to the survey of corporate reputation. They began with 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 billionor more.
Korn Ferry then narrowed down the assortment to the highest-revenue companies in each industry, a total of 680 in 30 countries. The top-rated companies were chosen from that pool of 680, with the executives who voted being employees of the companies in that group.
To determine the best-regarded companies in 52 industries, Korn Ferryasked executives, directors and analysts to rate companies in their own industry on nine criteria, from investment value and quality of management and products to social responsibility and the ability to attract talent. To be listed, a company’s score must rank in the top half of its industry survey to be ranked.