QUOTE AND NEWS
Forbes  Apr 1  Comment 
In recent years growing wealth in Asia has shifted the gaming industry's center of gravity form Las Vegas to Macau, also spelled Macao.
TheStreet.com  Apr 1  Comment 
NEW YORK (TheStreet) -- Las Vegas Sands  rose on Tuesday after Macau reported a 13.1% year-over-year casino revenue increase to $4.4 billion in March. The Gaming Inspection and Coordination Bureau released the official figures. Gaming revenue...
Clusterstock  Mar 25  Comment 
An apparently tiny rule change at two casinos in Las Vegas will have pretty serious negative consequences for gamblers. USPoker.com reported that the Las Vegas Sands company just changed its payout rules for blackjack at the Venetian and...
SeekingAlpha  Mar 17  Comment 
By The Growth Investor: I'm betting big on Las Vegas Sands (LVS) to deliver continued growth and earnings that will reward shareholders. Las Vegas Sands owns many iconic luxury resorts on the Las Vegas Strip: The Venetian and The Palazzo Las...
Benzinga  Mar 17  Comment 
Below are the top resorts & casinos stocks on the NYSE in terms of dividend yield. Carnival (NYSE: CCL) has a dividend yield of 2.60%. Carnival's shares closed at $38.42 on Friday. The Marcus (NYSE: MCS) has a dividend yield of 2.40%....
SeekingAlpha  Mar 12  Comment 
By Trefis: Macau casino revenue surged 40% to a record $4.8 billion in February, after a jump in mainland Chinese visitors to the world’s largest gambling hub during the Chinese New Year. [1] More than 770,000 mainland Chinese visitors...
DailyFinance  Mar 12  Comment 
LAS VEGAS, NV -- (Marketwired) -- 03/11/14 -- Las Vegas Sands Corp. (NYSE: LVS) will participate in the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum in Las Vegas, NV on Wednesday, March 12, 2014. Mr. Robert G....
StreetInsider.com  Mar 10  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Management+Changes/Sands+%28LVS%29+Director+Siegel+Won%27t+Seek+Re-Election/9262967.html for the full story.
SeekingAlpha  Mar 5  Comment 
ByHere To Learn: Shares in Las Vegas Sands (LVS) have gone up by 24% since I recommended buying them in November last year, causing the dividend yield to drop to only 2.3%. Are shares in LVS overvalued at this point or can better fundamentals...




 


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]

You've really impreessd me with that answer!

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

Learinng a ton from these neat articles.

What an awesome way to exaplin this-now I know everything!

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.
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki