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LVS

Las Vegas Sands Corp.

5/24/2013, 8:23 AM ET

Quote & Headlines Market Currents StockTalk

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Thursday, May 23, 8:06 AM Macau-sensitive stocks could swing lower as a subpar reading on China PMI casts doubts on the strength of the economy in the nation. Any type of sustained slowdown in China would rattle the sector with double-digit gaming revenue from Macau baked into valuations. On watch: MGM, MPEL, WYNN, LVS. Comment! [Consumer]
Wednesday, May 22, 3:10 PM Growth in Macau isn't showing any signs of slowing down after shooting to $38B last year (6X more than Las Vegas) as a double-digit growth pace has become the norm in 2013. After a lot of consternation over a drop in VIP revenue, casinos in the region have proven adept at diversifying their customer base. New transportation infrastructure and the growing number of Macau hotel rooms are two more revenue drivers for gaming firms Melco Crown (MPEL -0.9%), Las Vegas Sands (LVS -1.2%), Wynn Resorts (WYNN -0.2%), Galaxy Entertainment (GXYEF.PK), and MGM Resorts (MGM -2.6%). Comment! [Consumer]
Monday, May 20, 1:54 PM The latest batch of data on gambling revenue from Macau looks promising with the average daily rate over a 7-day tracking period ending yesterday coming in ahead of expectations. If the MTD trend holds, May could be Macau's second best month and help boost the bottom lines for Melco Crown (MPEL +2.4%), Wynn Resorts (WYNN +1.4%), MGM Resorts (MGM +1.5%), and Las Vegas Sands (LVS +0.3%) during the quarter. Comment! [Consumer]
Wednesday, May 15, 7:42 AM Nomura increases its estimate for 2013 Macau gaming revenue to 15% growth from a previous forecast calling for a 13% gain. Estimates for the calendar year from investment firms carry a little more weight now with the revenue haul from Golden Week and the Chinese New Year factored in more accurately. The revised forecast is positive for Macau-sensitive stocks such as Melco Crown (MPEL), Las Vegas Sands (LVS), MGM Resorts (MGM), and Wynn Resorts (WYNN). 2 Comments [Consumer]
Tuesday, May 14, 2:47 PM Las Vegas Sands (LVS +1.4%) lost a jury trial in Nevada over claims it owes a Hong Kong businessman funds for helping it land a casino license. The company will have to pay $70M to Richard Suen unless it files an appeal. After dipping initially on heavy volume, shares of LVS have almost fully recovered from their pre-verdict level. Comment!
Tuesday, May 14, 12:19 PM Las Vegas Sands (LVS +2%) gets a lift from BofA analyst Shaun Kelley who says the company's Asian real estate holdings are worth $5-7 per share in a spinoff. Kelley also claims LVS is under levered, could afford to double its debt, and may be worth $82 per share. (See also: Nomura ups targets on gaming stocks) 2 Comments [On the Move]
Monday, May 13, 8:32 AM Nomura is out with a series of price target hikes for gaming stocks on the back of a new report on Macau which "compares the supply demand outlook today … with that of Las Vegas in 1990-2005." Price target rundown: Wynn Resorts (WYNN) to $155 from $147, Penn National (PENN) to $66 from $60, MGM to $16 from $13.50, Boyd (BYD) to $9 from $7, and Las Vegas Sands (LVS) to $67 from $62. 3 Comments
Monday, May 13, 7:51 AM Galaxy Entertainment (GXYEF.PK) will be added to the Hang Seng Index on June 17 to join fellow Macau gaming company Sands China (LVS) and give the industry increased exposure. The addition could boost the share price of the companies as Hang-Seng indexed funds adjust to the development. Comment! [Consumer, Global & FX]
Friday, May 10, 1:22 PM A long breach of contract case against Las Vegas Sands (LVS +1.5%) is finally winding down with jury deliberation expected to start shortly. Hong Kong businessman Richard Suen has alleged for years the company didn't play fair in landing its Macau license and hopes this time around a jury verdict will stick. Comment! [Consumer]
Thursday, May 9, 10:50 AM The China-based subsidiary of Las Vegas Sands (LVS -0.5%) denies reports from Hong Kong that it's in the process of spinning off shopping malls and selling Four Season assets. A deal was rumored to be in the $900M range. Comment! [Consumer]
Tuesday, May 7, 1:20 PM Analysts are already out with early estimates for gaming revenue in Macau for May. Wells Fargo sees a 13% to 17% increase to potentially pass the $3.75B mark - to easily beat the sub-$1B Vegas casinos will bring in. Naturally, the news is of interest to Melco Crown (MPEL -1.4%), MGM Resorts (MGM -0.5%), Las Vegas Sands (LVS +0.3%), Wynn Resorts (WYNN +0.5%) with every passing month seeing a higher percentage of the group's total revenue Macau-based. 3 Comments [Consumer, Global & FX]
Thursday, May 2, 11:05 AM Las Vegas Sands (LVS -0.1%) is catching the interest of analysts following a promising Q1 earnings report (I, II). There weren't any warning signs on the casino operator's growth track in Macau and Singapore while Las Vegas held its own. With Las Vegas Sands forecast to generate $3.6B in free cash flow this year, watch for more cash to be returned to shareholders. Comment! [Consumer]
Wednesday, May 1, 4:18 PM More on Las Vegas Sands' (LVS) Q1: Casino revenue gained 15.5% Y/Y to $778.5M to help offset slips in the company categories such as rooms, conventions, and food and beverage. Slot handle revenue was flat, but the casino operator saw its table game win percentage increase 70 bps to help boost its drop. Macau begins to pay off in earnest with RevPAR soaring past the same measure at Vegas and other domestic properties. LVS +1% AH. (PR) 3 Comments [Consumer, Earnings, On the Move]
Wednesday, May 1, 4:06 PM Las Vegas Sands (LVS): Q1 EPS of $0.71 beats by $0.04. Revenue of $3.3B (+12.5% Y/Y) beats by $30M. Shares +1.4% AH. (PR) Comment! [Consumer, Breaking News, On the Move]
Wednesday, May 1, 12:10 AM Notable earnings after Wednesday’ s close: ALL, ARI, ARR, ATML, ATO, ATW, AXLL, AXTI, BKD, BMR, CACI, CAR, CBS, CJES, CNQR, CSOD, CVD, CVI, CVRR, CWT, CXO, DVR, DX, DXCM, DXPE, EDMC, ESS, EXPD, EXXI, FB, FNF, FRT, G, GLUU, GNK, GTAT, HNSN, HR, IPI, IPXL, IVR, JDSU, KIM, LNC, LOCK, LVS, MAC, MAR, MET, MUR, NAVB, NGD, NLY, NTRI, PHH, POL, PRU, PSE, PXD, QUIK, ROVI, SAM, SFLY, SGMO, SLTM, SNCR, STX, TEG, TGI, TPC, TSO, TTEK, UAN, UNM, V, VVC, WES, WLT, YELP Comment! [Earnings]
Tuesday, April 30, 5:35 PM Notable earnings after Wednesday’ s close: ALL, ARI, ARR, ATML, ATO, ATW, AXLL, AXTI, BKD, BMR, CACI, CAR, CBS, CJES, CNQR, CSOD, CVD, CVI, CVRR, CWT, CXO, DVR, DX, DXCM, DXPE, EDMC, ESS, EXPD, EXXI, FB, FNF, FRT, G, GLUU, GNK, GTAT, HNSN, HR, IPI, IPXL, IVR, JDSU, KIM, LNC, LOCK, LVS, MAC, MAR, MET, MUR, NAVB, NGD, NLY, NTRI, PHH, POL, PRU, PSE, PXD, QUIK, ROVI, SAM, SFLY, SGMO, SLTM, SNCR, STX, TEG, TGI, TPC, TSO, TTEK, UAN, UNM, V, VVC, WES, WLT, YELP 2 Comments [Earnings]

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