Seeking Alpha

Las Vegas Sands posts 32% higher profit but short of estimates, -1.5% AH

  • Las Vegas Sands (LVS) -1.5% AH, paring earlier losses, after Q4 and 2013 revenues posted all-time highs but still fell short of consensus estimates.
  • Higher operating income was driven by LVS’ Macao operations, which gets the credit for more than two-thirds of total Q4 revenue; operations in Las Vegas contributed slightly more than 10% to revenue.
  • CEO Sheldon Adelson says the company grew faster than the Macau market in the mass and VIP segments, and expects the larger and more important mass market to remain strong (Briefing.com).
  • LVS expects to buy $75M in stock/month and raise its annual dividend rate to $2/share; says it has room for 3-4 emerging market properties but dividends are the preferred place for the capital in the meantime.
Comments (9)
  • jppoczatek
    , contributor
    Comments (80) | Send Message
     
    How in the world can people be selling this in after hours with these results?? Missing revenue by 50 million is what they make in 15 days from what I read. The stock should be going up 10% by the close tomorrow. Can someone please explain this to me?
    29 Jan, 07:12 PM Reply Like
  • TFCAB
    , contributor
    Comments (1975) | Send Message
     
    The market never explains itself. But i agree........LVS is dominating the sector and Macau on almost any metric one cares to use. If somebody wants to complain it has to be directed at Marina Bay Sands. They have not figured the property out....but they will.

     

    Lost on most people are comments by Adelson on the Call regarding the mall properties. They are gaining all the regulatory approvals to spin off the Mall properties. No time table was given, but it is on the radar. Mall properties are supposedly worth $10B......highest rev / sq ft in the world.......constantly fed by an ever increasing traffic flow of gaming patrons.

     

    Dividend was also increased.
    29 Jan, 07:43 PM Reply Like
  • Coltgunsil
    , contributor
    Comments (84) | Send Message
     
    LVS performed well in Central Macau, well in Cotai and well in Las Vegas. Win % in Singapore was down. Several years ago I had a player who beat us out of $26 million in one trip, playing Baccarat at $250,000 a hand. I'm betting no analyst has ever seen anyone bet $250,000 a hand, nor do they understand that when the game is straight, players often win. LVS earnings per share beat the street by $.03 but earning were $50 million short of analysts expectations. A pttance in the scheme of things. LVS let's players bet $250k a hand...that is what the Asian market is all about. Chinese players are not used to playing slots. They play Baccarat. LVS will soon be on it's way to Japan. In Japan, they already play Pachenko,
    A type of slot machine. But until then, analysts need to give LVS credit for getting players to the table.
    29 Jan, 08:25 PM Reply Like
  • psychological-dividends
    , contributor
    Comments (777) | Send Message
     
    People must be playing baccarat a lot.
    29 Jan, 08:48 PM Reply Like
  • jppoczatek
    , contributor
    Comments (80) | Send Message
     
    Well I see no reason to sell, but if it drops more I will buy on the dip! So I guess "thank you sellers"!
    29 Jan, 08:58 PM Reply Like
  • freeman8201
    , contributor
    Comments (596) | Send Message
     
    still long on Sands! Going to vegas after the superbowl
    31 Jan, 01:10 PM Reply Like
  • freeman8201
    , contributor
    Comments (596) | Send Message
     
    Glad they're buying back shares. The company almost had 1 billion shares outstanding. And still might....Jeez did I miss the ride on wynn. I feel like I will a great percentage gain if I invest more money now! Did sands sell it's Bethlehem property?
    31 Jan, 01:15 PM Reply Like
  • jppoczatek
    , contributor
    Comments (80) | Send Message
     
    No PA made money for them this year, but down 8% yoy.
    1 Feb, 09:12 AM Reply Like
  • june1234
    , contributor
    Comments (2630) | Send Message
     
    read another article on SA saying Macau gaming revenues in 7 weeks equal total take from LV in one yr. The deal is you take your cash to a "tour operator" on the mainland who ferries you to Macau where your account at the casino is then credited with an equivalent amount in chips which can then be converted by the house back to you into US $$ if you so choose; making this largest money laundering deal in history. There has been testimony in front of Congress on this. Bugsy Siegel would weep in his grave if he heard about this one
    3 Feb, 12:06 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector