QUOTE AND NEWS
Motley Fool  Mar 21  Comment 
Gambling is only a so-so bet in Asia, but one business segment continues to be easy money for Las Vegas Sands in Asia.
Market Intelligence Center  Mar 20  Comment 
The patented option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center  are highlighting two trades on Las Vegas Sands Corp (LVS) today after it closed at $56.18 on Thursday. For more conservative...
Benzinga  Mar 19  Comment 
In a report published Thursday, Brean Capital analyst Bryan Maher initiated coverage on Las Vegas Sands Corp. (NYSE: LVS) with a Buy rating and $65.00 price target. In the report, Brean Capital noted, "We believe Las Vegas Sands has developed...
Benzinga  Mar 18  Comment 
CLSA released a report this week updating the outlook for the gaming industry in Macau. Despite a positive long-term outlook for Macau, analysts believe that things will get worse before they get better. No Good News Analysts predict that...
TheStreet.com  Mar 16  Comment 
NEW YORK (TheStreet) -- Shares of Sands China a unit of casino operator Las Vegas Sands are down by 1.49% to $3.96 in late afternoon trading on Monday, as some stocks related to China's Macau gambling district decline today after data...
Motley Fool  Mar 14  Comment 
Read on to see why Las Vegas Sands stock looks like a buying opportunity for contrarian investors.
TheStreet.com  Mar 10  Comment 
NEW YORK (TheStreet) -- Shares of Las Vegas Sands Corp. slumped 1.86% to $52.79 in afternoon trading today as Deutsche Bank downgraded its subsidiary Sands China   to "sell" from "hold" and issued a bearish outlook for gaming in the Macau...
Forbes  Mar 9  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,...




 


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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