QUOTE AND NEWS
Forbes  10 hrs ago  Comment 
Consistently, one of the more popular stocks people enter into their stock options watchlist at Stock Options Channel is Las Vegas Sands Corp (NYSE: LVS). So this week we highlight one interesting put contract, and one interesting call contract,...
TheStreet.com  Sep 22  Comment 
NEW YORK (TheStreet) --aShares of Las Vegas Sands Corp. are lower by 1.73% to $61.25 in pre-market trading on Monday, following a ratings downgrade to "market perform" from "outperform" at Wells Fargo. The firm said it reduced its rating on the...
SeekingAlpha  Sep 22  Comment 
By Jonathan Weber: Las Vegas Sands (NYSE:LVS), the world's leading developer and operator of integrated resorts, has been an unprofitable investment in recent months. With a market capitalization of $51.5 billion, the company is down 17% year to...
Benzinga  Sep 18  Comment 
Paul Hickey of Bespoke Investment Group spoke on CNBC's Fast Money about stocks he would avoid after FOMC meeting. Hickey expects to see some short term weakness after the meeting and the consumer discretionary, transports and the industrials...
Benzinga  Sep 16  Comment 
Traders and investors long on Las Vegas Sands Corp. (NYSE: LVS) have been in endurance mode for the last six months after the stock peaked at $88.28 in early March. Shares are down more than 30 percent in the time since. So, what's happening...
TheStreet.com  Sep 16  Comment 
NEW YORK (TheStreet) -- Shares of Las Vegas Sands Corp.a are down 2.64% to $ 60.57 in late morning tradingafollowing aareport from Morgan Stanley analystsathat said the decline in China's top gambling region, Macau, has not yet found a bottom...
Forbes  Sep 15  Comment 
Consistently, one of the more popular stocks people enter into their stock options watchlist at Stock Options Channel is Las Vegas Sands Corp (NYSE: LVS). So this week we highlight one interesting put contract, and one interesting call contract,...
Market Intelligence Center  Sep 15  Comment 
With bearish technical indicators and a 4 STARS (out of 5) buy ranking from Standard & Poor’s, Las Vegas Sands Corp (LVS) could be an attractive play for investors according to MarketIntelligenceCenter.com's patented option-trade picking...
Forbes  Sep 10  Comment 
Shareholders of Las Vegas Sands Corp (NYSE: LVS) looking to boost their income beyond the stock's 3.2% annualized dividend yield can sell the January 2016 covered call at the $77.50 strike and collect the premium based on the $2.37 bid, which...
Forbes  Sep 10  Comment 
Macau VIP gaming contributes more than 20% to Las Vegas Sands' stock value, according to our estimates. We are eager to see how VIP gaming trends in the coming months. Our current estimate for Macau VIP gaming gross revenues stands at $5.29...




 


Las Vegas Sands (NYSE:LVS) is a company that runs resort casinos in Las Vegas, Nevada and Macao, China.[1]


Revenues were $6.85 billion for the year ended December 31, 2010, an increase of $2.29 billion compared to $4.56 billion for the year ended December 31, 2009.[2] The increase in net revenues was driven by $1.26 billion of net revenues at Marina Bay Sands, which opened in April 2010, as well an increase of $849.5 million across all of our Macau properties and $106.8 million at our Las Vegas Operating Properties.[2]

Company Overview

Las Vegas Sands owns and operates casino resorts and conference centers in Las Vegas, Nevada, and Macao, China.[1] The company plans to expand by creating what it calls the "Cotai Strip" in Macao, an integrated group of resort properties anchored by its Venetian Macao.[1] The company owns and operates The Venetian Resort Hotel Casino The Palazzo Resort Hotel Casino and The Sands Expo Center in Las Vegas, Nevada. In Macau, China, the company operates the Sands Macao, The Venetian Macao Resort Hotel, the Four Seasons Hotel Macao, Cotai Strip, and the Plaza Casino. The company also owns and operates the Marina Bay Sands in Singapore, and the Sands Casino Resort Bethlehem in Bethlehem, Pennsylvania. [1]

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Important News

LVS was expecting to sell its Singapore real estate gambling center known as the Marine Bay Sands by 2013 or 2014. However, the Singapore government has declared a lock-up on the sale of the property until at least 2017. If Las Vegas Sands decides to sell its property after 2017, the sale must be approved by the Singaporean government. This significantly reduces the chances of LVS recuperating some of the investments in Singaporean real estate.[3]

Business Growth

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Competition

Las Vegas Sands faces intense competition in both Las Vegas and Macao. The company’s primary competitors in both markets include Wynn Resorts and MGM Mirage, both of which operate in the Las Vegas and Macao markets. LVS also faces competition from privately-held Harrah’s Entertainment, Boyd Gaming, and Native American casinos.

  • Wynn Resorts: Develops luxury casino resorts and operates the Wynn Las Vegas, Encore at Wynn Las Vegas, and Wynn Macau.[4]
  • MGM Mirage: Operates casino resorts, golf courses, and golf clubs in the United States.[5] MGM has a strategic alliance with the Mashantucket Pequot Tribal Nation, owner of Foxwoods Casino Resort in Ledyard, Connecticut.[5]
  • Boyd Gaming: Boyd Gaming owns and operates 16 casinos in Nevada, Mississippi, Illinois, Louisiana, Indiana and Florida. They are also a 50% partner in The Borgata Hotel Casino and Spa in Atlantic City. Unlike other Casino operators such as Wynn Resorts (WYNN) or Las Vegas Sands (LVS) who tend to focus on higher end tourists, Boyd typically caters to the middle-income customer. Their Las Vegas properties also differ in that they target local Las Vegas residents, one of the strongest and fastest-growing gaming segments, and Hawaiian tourists
  • Harrah's Entertainment: A gaming company that owns and operates under the Harrah's, Caesars and Horseshoe brand names.[6] It also owns the London Clubs International family of casinos and the World Series of Poker.

References

  1. 1.0 1.1 1.2 1.3 Wikinvest SEC FIles: LVS 2010 10-K, Item 1, Business
  2. 2.0 2.1 Wikinvest SEC Files: LVS 2010 10-K, Item 7, Management's Discussion
  3. Reuters: Singapore will block Las Vegas Sands' Singapore mall sale
  4. Wynn Resorts Ltd.: Profile. Yahoo! Finance.
  5. 5.0 5.1 MGM Mirage Profile. Yahoo! Finance.
  6. Corporate Profile. Harrah's Entertainment.
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