Las Vegas Sands Corp. (NYSE:LVS) Q1 2024 Earnings Call Transcript

It’s our consistent view. I think over time, we’re going to delever just because of EBITDA expansion. If you look what happened at MBS, it occurred, and our belief is that it will continue to occur at Sands China as well. So I think for us, the investment grade is very important. That gross leverage parameter of 2 times or 3 times is consistent with prior statement, prior practice. And I actually think, you know, we’re very favorably levered on a net basis and on a gross basis, and we’re looking forward to doing some new development. And I think that will fit within our leverage profile based on sort of the prior discussions that we’ve had about progression of funding and EBITDA development. So we’re very focused on it. We think we can handle our new development, our investment, our existing assets, and have a very healthy return of capital program while balancing all these things and having investment grade balance sheet.

That’s our goal and that’s our view.

Colin Mansfield: Great. Thanks again, guys, for — thanks again for taking the question, and congrats again on getting fully back to IHE.

Patrick Dumont: Appreciate it. Thanks so much.

Operator: Thank you. And this does conclude today’s conference call. You may disconnect your lines at this time and have a wonderful day. We thank you for your participation.