Las Vegas Sands
Public Statements Risk
Las Vegas Sands is a high profile casino that has a long history of legal battles, especially with the government. CEO, Robert Glen Goldstein, is not active on social media. The company does make it clear that the Chinese market is extremely important to the company, putting it at odds with its historical allies in the Republican party. Additionally, the company consistently generates press for being one of the largest corporate backers of Conservative causes.

Political Contributions Risk
Las Vegas Sands contributes entirely to Republican causes, and fully from its senior executives. It is the largest political contributor in the S&P500 by a great deal; the company contributes almost six times the amount of funds as the next highest donor. When benchmarked to the Consumer Discretionary sector, the company's partisanship is extremely strong and significantly more partisan than its close competitors WYNN and MGM. It has also made contributions to controversial political figure Donald Trump.

Political Dichotomy Risk
Las Vegas Sands is a global brand operating in many countries around the world. The company 10K states that some of its largest risks are potential policies that limit access to development in locales such as China and Singapore. Contributing vast sums almost entirely to Republicans, the company faces severe risk from even slightly left-leaning customers. However, gambling as an industry likely provides some insulation from values-based boycotts, especially among consumers with more inelastic demand. But, LVS as a brand has historically blown other companies out of the water in terms of its political contributions, mitigating the industry insulation.

Associational Risk
The recently passed founder and former CEO of LVS, Sheldon Adelson, was an active right-wing donor who, along with his wife (the current majority shareholder), heaviliy supported former President Trump. The Adelsons have also been prominent supporters of Israel and backers of PM Netanyahu, which has become especially controversial since October 2023.

Brand Visibility Risk
Las Vegas Sands runs multiple resorts around the globe, and is in a similar situation to other high-end hotel chains. Its brand is part of its selling point, and they sell on a lifestyle. Because of this, and the fact that consumers put a lot of trust in the brand when buying from it, the brand is exposed. However, due to how global it is, LVS is also insulated to a degree from American political controversies.
