QUOTE AND NEWS
Benzinga  2 hrs ago  Comment 
In a report published Monday, Morgan Stanley analyst Thomas Allen reiterated an Overweight rating on Las Vegas Sands (NYSE: LVS), but lowered the price target from $87.00 to 83.00. In the report, Morgan Stanley noted, “Expect LVS to outperform...
Motley Fool  Jul 19  Comment 
Las Vegas Sands delivered lower-than-expected earnings for the second quarter of 2014. But the company is still performing strongly and is attractively valued in comparison to peers such as Melco Crown and Wynn Resorts. Is short-term weakness in...
Motley Fool  Jul 17  Comment 
Results may not have hit Wall Street's expectations, but Las Vegas Sands is still gaining share on the Cotai Strip in Macau.
The Straits Times  Jul 17  Comment 
July 18, 2014 2:38 AM WORLD Cup fever hit earnings at Las Vegas Sands Corp's Macau casinos in the second quarter but operating profit at Marina Bay Sands (MBS) here held up despite a fall in VIP gaming revenues.
Benzinga  Jul 17  Comment 
Shares of Las Vegas Sands (NYSE: LVS) are down about 0.4 percent following its second-quarter earnings release. Below are some highlights and key takeaways from the company's conference call. Growth: • We delivered strong growth in...
SeekingAlpha  Jul 17  Comment 
By The Value Investor: Las Vegas Sands (NYSE:LVS) reported a disappointing set of second quarter results on Wednesday following the market close. The report only triggered a modest sell-off in after-market trading as I believe shares are not...
Benzinga  Jul 17  Comment 
Las Vegas Sands' (NYSE: LVS) big miss early sent competitors' shares reeling in Thursday's pre-market trading. Sands' slower-than-expected revenue growth from Macau operations resulted in second-quarter adjusted earnings that were $0.04 below...
TheStreet.com  Jul 17  Comment 
NEW YORK (TheStreet) -- Las Vegas Sands'  second-quarter earnings missed Wall Street forecasts but CEO Sheldon Adelson said he is "absolutely certain" of the casino company's future growth.Sands reported earnings of 85 cents a share, below...
TheStreet.com  Jul 17  Comment 
Story updated at 9:50 am to reflect market activity. NEW YORK (TheStreet) -- JPMorgan lowered its price target for Las Vegas Sands to $83 from $89 Thursday, reiterating its "overweight" rating for the casino operator. Las Vegas Sands fell...
Benzinga  Jul 17  Comment 
In a note released Thursday morning, Morgan Stanley analyst Thomas Allen provided some insight into the firm's view on Las Vegas Sands (NYSE: LVS) following a miss in its second quarter 2014 earnings results. Shares of Las Vegas Sands are down...




 


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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