QUOTE AND NEWS
Benzinga  Aug 14  Comment 
Las Vegas Sands (NYSE: LVS) has been a bears' paradise, a rare oasis for bears in a market that has lifted many afloat. Will the downward pressure continue? Las Vegas Sands shares have been trading sluggishly for months, even as the...
Forbes  Aug 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,...
SeekingAlpha  Aug 11  Comment 
By Michael Lee: Las Vegas Sands (NYSE:LVS) owns and operates resorts in Asia and the United States with a focus on casinos, gaming and entertainment. As expected, its shares are highly correlated with the Resorts and Casinos industry (Exhibit 1)...
Benzinga  Aug 7  Comment 
Following Melco Crown Entertainment's (NASDAQ: MPEL) second quarter earnings miss Thursday morning, stocks across the casino sector have taken a hit. However, if you were to ask the team at Craig-Hallum, they might suggest buying the dip, at...
TheStreet.com  Aug 6  Comment 
NEW YORK (TheStreet) -- Las Vegas Sands shares are down -5.3% to $68.03 on Wednesday following reports that casino revenue from the Macau Chinese gambling destination was down 3.6% in July.Deutsche Bank analyst Carlo Santarelli today lowered his...
Market Intelligence Center  Aug 5  Comment 
MarketIntelligenceCenter.com's patented algorithms have selected a trade on Las Vegas Sands Corp (LVS) that returns 10.57% in 74 days for an annualized return rate of 52%. This diagonal spread pairs a short position in the Oct. '14 $72.50 call,...
Forbes  Aug 4  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,...
SeekingAlpha  Aug 1  Comment 
By Liam Garrity-Rokous: "The house always wins" - and Las Vegas Sands Corporation (NYSE:LVS) is the biggest winner out there. LVS is a multinational integrated resort operator that dominates casino markets around the world, with a 51.59% market...
TheStreet.com  Aug 1  Comment 
NEW YORK (TheStreet) -- Shares of Las Vegas Sands Corp.  are lower by -0.87% to $73.21 in mid morning trading on Friday, following a report that July casino revenue for China's Macau gambling district fell for a second month in a row,...
Forbes  Jul 28  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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