# Who does Las Vegas Sands Corp. pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/las-vegas-sands · Facet: suppliers · Updated: 2026-09-24T03:46:37.907613+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Las Vegas Sands Corp.'s confirmed suppliers/cost counterparties include Marriott International, Inc. plus 1 undisclosed/aggregate relationship. Per the valuechain.wiki graph: 2 cost edges, backed by 4 dated sources, 1 of them primary filings (as of 2026-09-24).

### Marriott International (high)  → /marriott-international.md
- metric: Contract value $57M · 2025-2040 · Present value of fixed payments under the 15-year Londoner Grand franchise agreement
- note: A Sands China subsidiary entered a 15-year franchise agreement to operate Londoner Grand under Marriott's Luxury Collection brand. In January 2025, it recognized $57 million as the present value of contractual fixed payments.
- [confirms] SEC EDGAR (EN, filing, published 2026-02-06) https://www.sec.gov/Archives/edgar/data/1300514/000130051426000013/lvs-20251231.htm: "effective January 1, 2025, for a period of 15 years"
- [confirms] Las Vegas Sands (EN, ir, published 2025-10-29) https://www.sands.com/news/a-look-at-the-londoner-macao-sands-chinas-largest-and-most-updated-integrated-resor/: "Marriott Bonvoy's first Macao Luxury Collection hotel"
- [confirms] Marriott International (EN, news, published 2025-02-18) https://www.prnewswire.com/news-releases/the-luxury-collection-debuts-in-macao-with-the-unveiling-of-londoner-grand-a-luxury-collection-hotel-macao-302376528.html: "Londoner Grand, a Luxury Collection Hotel, Macao"

### 샌즈차이나 (high)  → /sands-china.md
- metric: Market share 74.8 percent · FY2025 · Ownership of Sands China issued shares as of December 31, 2025
- note: Las Vegas Sands purchased additional Sands China shares in 2025, increasing its year-end ownership from 72.13% to 74.80%. The stake gives it control of the major Macao integrated resorts.
- [confirms] SEC EDGAR (EN, filing, published 2026-02-06) https://www.sec.gov/Archives/edgar/data/1300514/000130051426000013/lvs-20251231.htm: "own 74.80% of SCL"
- [mentions] Kiwoom Securities Research Center (KO, research, published 2025-03-14) https://invest.kiwoom.com/inv/resource/202503/UploadFile_20250317102628000423.pdf: "The report separately analyzes Sands China's Macao market share and Sands China-related capital expenditure."

### Woh Hup (high)
- note: Las Vegas Sands selected Woh Hup as the main contractor for its new ultra-luxury Singapore development. The announcement described the contract only as multi-billion-dollar, so the counterparty-specific amount is left undisclosed.
- [confirms] Marina Bay Sands (EN, ir, published 2026-03-20) https://www.marinabaysands.com/content/dam/marinabaysands/company-information/media-centre/press-releases-and-factsheets/2026/mar/las-vegas-sands-appoints-singapores-woh-hup-to-lead-construction-of-new-development.pdf: "awarded a multi-billion-dollar construction contract to Woh Hup"

Reverse side: https://valuechain.wiki/las-vegas-sands/customers.md · Ripple: https://valuechain.wiki/las-vegas-sands/ripple.md

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Full node: https://valuechain.wiki/las-vegas-sands.md · JSON: https://valuechain.wiki/las-vegas-sands.json