Las Vegas Sands Corp.NYSE
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  • Yesterday, 8:47 PM
    • Las Vegas Sands (NYSE:LVS) is being probed by the Nevada Gaming Board over allegations of allowing front men to be used by high-end Chinese gamblers, reports Reuters.
    • So-called shills are sometimes used by gamblers to avoid leaving a paper trail of their money transfers.
    • A spokesperson for Las Vegas says the company is cooperating with the investigation.
    | Yesterday, 8:47 PM | 6 Comments
  • Yesterday, 12:53 PM
    • Casino gaming revenue in Macau is expected to increase 3% to 7% in October, according to a scan of recent forecasts.
    • The Macau sector has recorded two straight months of positive growth, including a 7.4% increase in September.
    • The revenue tally for October will be impacted negatively by the arrival of Typhoon Haima. The storm hit Macau during the weekend when mass market traffic is higher.
    • Nomura on Macau: "We remain cautious on Macau casino stocks as we believe improving industry fundamentals are already priced in."
    • Telsey on Macau: "Overall indications, both anecdotal and quantitative, continue to suggest that the Macau market is improving."
    • Macau casino stocks: Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY, WYNN), Sands China (OTCPK:SCHYY, OTCPK:SCHYF, LVS), MGM China (OTCPK:MCHVF, OTCPK:MCHVY, MG), Galaxy Entertainment (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF, OTCPK:SJMHY), Melco Crown (NASDAQ:MPEL).
    | Yesterday, 12:53 PM | 4 Comments
  • Mon, Oct. 24, 8:24 AM
    | Mon, Oct. 24, 8:24 AM | 4 Comments
  • Mon, Oct. 17, 10:17 AM
    • Authorities in China have detained 18 employees of Crown Resorts (OTC:CWLDF, OTCPK:CWLDY) in a story that could end up having broader sector implications.
    • The action is believed to be part of a crackdown on foreign casino operators that attempt to unlawfully entice Chinese gamblers overseas.
    • Crown Resorts fell 13.90% today in Sydney.
    • Macau names were weaker today in Hong Kong after the development, while the U.S.-traded stocks are holding up.
    • Macau casino stocks: Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY, WYNN), Sands China (OTCPK:SCHYY, OTCPK:SCHYF, LVS), MGM China (OTCPK:MCHVF, OTCPK:MCHVY, MGM), Galaxy Entertainment (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF, OTCPK:SJMHY), Melco Crown (NASDAQ:MPEL).
    | Mon, Oct. 17, 10:17 AM | 5 Comments
  • Sat, Oct. 15, 10:23 AM
    • The Nevada legislature approved a plan to fund a domed 65K-seat NFL stadium in Las Vegas through a $750M hotel tax.
    • A group led by casino mogul Sheldon Adelson hopes to lure the Oakland Raiders to move to Las Vegas before the 2020 season. Adelson is backing the venture with $650M of his family's money.
    • Las Vegas already landed a NHL expansion team and is not anathema to NBA Commissioner Adam Silver who supports legalized sports gambling under a federal framework. Professional sports on or near The Strip are seen as another tourism driver.
    • Related stocks: CZR, CACQ, BYD, FLL, CZR, WYNN, MGM, LVS.
    • Related ETF: BJK.
    | Sat, Oct. 15, 10:23 AM | 9 Comments
  • Tue, Oct. 4, 4:59 AM
    • Macau casino stocks are on watch as tourists spend billions in China during the Golden Week national holiday.
    • This year, sparkling new properties such as the Wynn Palace and the Parisian are expected to draw solid traffic.
    • Wynn Resorts (NASDAQ:WYNN), MGM Resorts (NYSE:MGM), Las Vegas Sands (NYSE:LVS), Melco Crown (NASDAQ:MPEL), and Galaxy Entertainment (OTCPK:GXYEF) all showed gains yesterday after the sector delivered its second straight month of positive revenue growth in what some analysts think marks a turnaround moment for the sector.
    • A solid Golden Week performance could reset expectations for Q4 even higher.
    • Related ETF: BJK.
    | Tue, Oct. 4, 4:59 AM | 22 Comments
  • Sun, Oct. 2, 8:15 AM
    • A case involving the Sands (NYSE:LVS) casino shows how ‘shill’ players and back room loans are often part of the game.
    • LVS sued two Chinese women for bad debts of $6.4M. Their lawyers counter that the pair aren't high-stakes gamblers; they're local housekeepers who were recruited by Sands to take out millions of dollars in credit in their names, allowing the real gamblers (high-stakes Chinese) to play without a paper trail.
    • The case opens a window into how Las Vegas casinos keep multi-million-dollar bets sloshing freely across gaming tables in the post-9/11 era, when big cash transactions have come under tighter U.S. regulatory controls.
    • Source: Reuters
    | Sun, Oct. 2, 8:15 AM | 16 Comments
  • Sat, Oct. 1, 8:41 AM
    | Sat, Oct. 1, 8:41 AM | 79 Comments
  • Thu, Sep. 29, 11:17 AM
    • Casinos in Nevada reported that revenue fell 5.23% to $860.7M in August.
    • Revenue on the Las Vegas Strip fell 15% to $449.6M, while downtown Las Vegas casinos saw a 7% rise during the month to $43M. Revenue from Reno casinos was flat at $51M.
    • In a little bit of a sign of the times, Blackjack winnings ($81M) outpaced the Baccarat win tally ($74M).
    • Nevada Gaming Control Board full report (.pdf)
    • Related stocks: CZR, CACQ, BYD, FLL, CZR, WYNN, MGM, LVS.
    • Related ETF: BJK.
    | Thu, Sep. 29, 11:17 AM | 17 Comments
  • Mon, Sep. 26, 9:50 AM
    | Mon, Sep. 26, 9:50 AM | 1 Comment
  • Tue, Sep. 20, 7:42 AM
    • Las Vegas Sands (NYSE:LVS) had declared $0.72/share quarterly dividend, in line with previous.
    • Payable Sept. 30; for shareholders of record Sept. 22; ex-div Sept. 20.
    | Tue, Sep. 20, 7:42 AM
  • Mon, Sep. 19, 8:11 AM
    • Buckingham Research updates on the reception to Sands China's new Parisian hotel-casino complex in Cotai.
    • "The awareness of the Parisian [Macao] among gamblers was high, with Sands having blanketed the region with social media impressions of the new property over the last couple months," writes analyst Christoper Jones in a new note to investors. "This is in contrast to the recent Wynn Palace opening that took a more passive strategy relative to marketing, prior to opening," he adds.
    • Union Gaming Securities Asia is counting gamblers to get a hold on traffic patterns.
    • "Based on multiple observations over this past weekend, we consistently observed more persons walking to Parisian (from Studio City) than to Studio City (from Parisian). In other words, [there was] a net migration towards Parisian," observes the Asia-based firm.
    • Sands China (OTCPK:SCHYY, OTCPK:SCHYF) is a subsidiary of Las Vegas Sands (NYSE:LVS). Shares of Sands China are up 30% YTD in Hong Kong vs. the 33% run for the parent on the NYSE.
    | Mon, Sep. 19, 8:11 AM | 2 Comments
  • Sat, Sep. 17, 10:23 AM
    • The Southern Nevada Tourism Infrastructure Committee approved a plan to raise $750M in taxes for a $1.9B NFL stadium in Las Vegas. Next in line for the stadium project is lining up support from local officials, Nevada Governor Brian Sandoval, and NFL owners.
    • The new stadium is being used to lure the Oakland Raiders to a new home just off the Strip and is already stoking talk of the potential for MLS soccer expansion and major concerts.
    • Las Vegas Sands (NYSE:LVS) CEO Sheldon Adelson is a major proponent and financial backer of the stadium project. Other casino operators such as Caesars Entertainment (NASDAQ:CZR) and MGM Resorts (NYSE:MGM) are in line to benefit from a major stadium in their neighborhood.
    • NFL press release
    • Related ETF: BJK.
    | Sat, Sep. 17, 10:23 AM | 19 Comments
  • Thu, Sep. 15, 2:59 PM
    • Union Gaming Securities thinks the addition of a nonstop route by Hainan Airlines from Beijing to Las Vegas is a positive factor for the gaming sector.
    • "The direct route is a positive for both incremental visitation and ultimately higher spend as Chinese visitors arriving in Las Vegas on a direct flight would be able to stay longer and spend more money compared with those visiting on broken trips," reads the Union note.
    • "Conservative estimates pin [suggest] 300,000 Chinese travellers are already visiting Las Vegas every year, though these visitors arrive on broken trips – meaning they arrive via connecting flights from other U.S. cities. The new direct route would allow about 10 percent of these visitors (approximately 33,000) to reach Las Vegas direct each year."
    • A percentage of the airline traffic will be U.S. tourists and business travelers visiting China, but the majority is seen as an influx of Chinese gamblers.
    • Related stocks: MGM, WYNN, LVS, CZR.
    • Related ETF: BJK.
    | Thu, Sep. 15, 2:59 PM | 11 Comments
  • Wed, Sep. 14, 9:11 AM
    • All eyes in Macau were on the grand opening of the $2.7B Parisian Macao yesterday. The 3K-room casino complex is the fifth property owned by Las Vegas Sands in Macau.
    • A huge fireworks show and considerable fanfare marked the occasion which arrived at what many analysts see as a turning point for the gambling mecca.
    • "We conclude that Macau is now at the start of a mass-led GGR (gross gaming revenue) recovery. Importantly, both base mass and premium mass are growing again,” says Deutsche Bank analyst Karen Tang.
    • Citi had a team in place at the opening to dive into some bet counting. "Our quick table survey showed that there were 212 opened baccarat tables at the Grind Mass area. Average minimum bet was HK$953 (with ~76% of the tables priced at HK$1,000). At the Ruby Room, its high-limit area, there were 22 baccarat tables with an average minimum bet of HK$2,591," tabulates the Citi team.
    • On Wall Street, Argus upgrades Las Vegas Sands (NYSE:LVS) to a Buy rating.
    • LVS +1.24% premarket to $57.24.
    | Wed, Sep. 14, 9:11 AM | 4 Comments
  • Tue, Sep. 13, 4:30 AM
    • U.S. casino mogul Sheldon Adelson will cut the ribbon on his fifth Macau resort today, as signs emerge of a turnaround in the territory's fortunes following two years of weak revenues.
    • Sands China (OTCPK:SCHYY), a subsidiary of Adelson's Las Vegas Sands (NYSE:LVS), will open the $3B Parisian just three weeks after another Las Vegas tycoon, Steve Wynn, opened his latest pleasure palace in the Chinese gambling hub.
    | Tue, Sep. 13, 4:30 AM