QUOTE AND NEWS
Benzinga  May 12  Comment 
A Macau appeals court reportedly rejected a $375.7 million lawsuit against the China unit of Las Vegas Sands Corp. (NYSE: LVS). The suit was brought in 2012 by Asian American Entertainment Corp. and claimed that Sands breached a 2001 an...
Forbes  May 11  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,...
Forbes  May 6  Comment 
Casino boss Sheldon Adelson was dealt a bad hand this year. Shares of his Las Vegas Sands, which controls casinos in Pennsylvania, Las Vegas, Macao and Singapore, are off 30% since May 2014 as his luck in gambling obsessed Macau waned. Despite the...
The Straits Times  May 5  Comment 
May 06, 2015 1:38 AM IT PAYS to be a top executive at Las Vegas Sands Corp (LVS) and Genting Singapore.
Market Intelligence Center  May 1  Comment 
MarketIntelligenceCenter.com’s patented option-trade picking algorithm found two trade ideas on Las Vegas Sands Corp (LVS) today after it traded between between $52.53 and $53.34 before closing at $52.88 on Thursday. For more conservative...
TheStreet.com  Apr 29  Comment 
NEW YORK (TheStreet) -- Shares of Las Vegas Sands  fell 4.68% to $52.80 in afternoon trading Wednesday on a plethora of bad news for casino stocks. First, Nevada's Gaming Control Board released its report on gaming revenue for March. The...
Benzinga  Apr 29  Comment 
As if Wynn Resorts, Limited (NASDAQ: WYNN)'s Q1 earnings report wasn’t bad enough news for Las Vegas casino operators, even more bad news came out of the state of Nevada on Wednesday. The state's Gaming Control Board released its report on the...
Benzinga  Apr 29  Comment 
Las Vegas Sands Corp. (NYSE: LVS) Chairman Sheldon Adelson has reportedly threatened Macau government officials with layoffs in response to slowing gaming revenues, according to a report in Business Daily. The company recently reported...




 


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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