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Las Vegas Sands Corp. (LVS)

  • Thu, Apr. 9, 11:29 AM
    • Macau gaming companies continue to consider opportunities outside of the Chinese gambling mecca with other regions forecast to see strong growth.
    • Macau Resources Group and Sino Gaming/Macau Group are already in talks with regulators about new casinos in the Philippines, while Caesars Entertainment (CZR -0.2%) is also reportedly interested in the region.
    • Singapore, Vietnam, and Japan are all being considered for new long-term projects by various companies.
    • Casino stocks with a Macau presence are off and running today, despite more projections on dismal -36% to -40% Y/Y revenue slide for April.
    • Turning the spotlight on other Asian markets may be doing the trick.
    • Gainers: Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY) +7.7%, MGM China (OTCPK:MCHVF, OTCPK:MCHVY) Wynn Resorts (NASDAQ:WYNN) +3.9%, Las Vegas Sands (NYSE:LVS) +3.3%, Melco Crown (NASDAQ:MPEL) +3.2%, Galaxy Entertainment (OTCPK:GXYEF) +2.9%, MGM Resorts (NYSE:MGM) +1.6%.
  • Tue, Mar. 10, 10:41 AM
    • Another tough day for Macau casino stocks is setting up.
    • MGM China (OTCPK:MCHVF, OTCPK:MCHVY), Sands China (OTCPK:SCHYY, OTCPK:SCHYF), and Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY) all fell over 10% in Hong Kong trading
    • Pure-play Galaxy Entertainment (OTCPK:GXYEF) is down 5.21%.
    • Stateside, Melco Crown ADRs (NASDAQ:MPEL) are off 3.7% and parent companies Wynn Resorts (WYNN -1.5%), Las Vegas Sands (LVS -2.3%), and MGM Resorts (MGM -2.9%) are also weak.
    • A bearish note from Deutsche Bank appears to be holding some sway.
    • DB takes its projection for 2015 Macau revenue growth to -30% from a prior forecast of -13%.
  • Mon, Mar. 9, 11:13 AM
    • Macau-related casino stocks trade weak again off of renewed concerns on revenue growth.
    • Over the weekend, Macquarie warned of dividend cuts in the sector. A reduction of special or quarterly dividend payouts would feed through to parent companies through their local subsidiaries.
    • Pure-play Melco Crown (MPEL -4.1%) is leading the downwards slide today.
    • Other decliners include Galaxy Entertainment (OTCPK:GXYEF) -0.8%, MGM Resorts (NYSE:MGM) -2.9%, Wynn Resorts (NASDAQ:WYNN) -2.9%, Las Vegas Sands (NYSE:LVS) -2.6%.
    • Related stocks: Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY), Sands China (OTCPK:SCHYY, OTCPK:SCHYF), MGM China (OTCPK:MCHVF, OTCPK:MCHVY).
  • Tue, Feb. 24, 10:08 AM
    • Casino stocks with Macau ties are off to a slow start after fresh reports indicate a cap may be put on mainland visitors from China to the gambling mecca in order to prevent overcrowding.
    • Separately, in a broad data read, Macau's Statistics and Census Service indicated total visitor spending rose 3.7% to $7.7B last year.
    • Per-capita spending non-gaming spending fell 3.5% Y/Y.
    • Early reports on Chinese New Year traffic have been mixed. Union Gaming saw some momentum at several casinos, while Wells Fargo calls traffic trends soft.
    • Decliners: Melco Crown (NASDAQ:MPEL) -4.7%, Las Vegas Sands (NYSE:LVS) -3.5%, Galaxy Entertainment (OTCPK:GXYEF) -3.3%, MGM Resorts (NYSE:MGM) -3.1%, Wynn Resorts (NASDAQ:WYNN) -3.9%.
  • Wed, Jan. 28, 5:35 PM
  • Wed, Jan. 28, 4:16 PM
    • A 16% drop in revenue at Sands China took its toll on Las Vegas Sands (NYSE:LVS)  in Q4.
    • Macau casino revenue was off more than room revenue on softer VIP traffic.
    • The company also saw a 6% drop in revenue from its Las Vegas operations during the quarter.
    • Adjusted EBITDA property margin for Vegas was down 140 bps to 21.5%.
    • Marina Bay Sands in Singapore accounted for more than a third of Las Vegas Sands' EBITDA growth.
    • LVS +2.5% after-hours
  • Mon, Jan. 26, 12:04 PM
    • Macau-related stocks trade higher as sentiment swings favorably on the group.
    • A positive note on the sector from Union Gaming Research calling out a bottom for share prices is holding some sway with investors.
    • Also in the mix is the shift in strategy by casinos to focus on the mass-market segment through family entertainment build-out which could provide a vibrant revenue channel or at the least change the conversation.
    • Previously: Sheldon Adelson to be top exec at Sands China (Jan. 24 2015)
    • Previously: Galaxy to bring Broadway to Macau
    • Macau stocks on the move: Las Vegas Sands (NYSE:LVS) +4.8%, MGM Resorts (NYSE:MGM) +3.9%, Wynn Resorts (NASDAQ:WYNN) +5.8%, Galaxy Entertainment (OTCPK:GXYEF) +3.6%.
  • Fri, Jan. 16, 9:27 AM
    • Sands China (NYSE:LVS) CEO Ed Tracy will step down on March 6, according to a company statement.
    • Tracy will stay on as a consultant until March 15.
    • Shares of LVS are down 0.5% premarket, slightly better than Macau peers.
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  • Fri, Jan. 2, 10:33 AM
    • Macau stocks slide after a weak report on December amaing revenue puts an exclamation point on a disappointing year for the sector.
    • Previously: Macau turns the page on tough 2014
    • Decliners: Melco Crown (NASDAQ:MPEL) -5.0%, Las Vegas Sands (NYSE:LVS) -3.7%, SJM Holdings (OTCPK:SJMHF) -2.5%, Wynn Resorts (NASDAQ:WYNN) -2.9%, Galaxy Entertainment (OTCPK:GXYEF) -1.7%.
  • Dec. 17, 2014, 9:56 AM
    • Macau casino names are down sharply after reports break of a major crackdown by Beijing on monitoring funds coming into casinos in the gambling mecca.
    • The government says the Ministry's Economic Crimes Investigation Bureau will have broader electronic access to fund transfer information.
    • Previously: Major funds crackdown imminent in Macau
    • Decliners: MGM Resorts (NYSE:MGM) -4.7%, Melco Crown (NASDAQ:MPEL) -3.3%, Las Vegas Sands (NYSE:LVS) -2.8%, Wynn Resorts (NASDAQ:WYNN) -2.9%, Galaxy Entertainment (OTCPK:GXYEF) -7.3%.
  • Nov. 11, 2014, 5:38 PM
  • Oct. 15, 2014, 4:05 PM
    • Las Vegas Sands (NYSE:LVS): Q3 EPS of $0.84 misses by $0.01.
    • Revenue of $3.53B (-1.1% Y/Y) misses by $150M.
    • Shares +1.1%.
    • Press Release
  • Oct. 7, 2014, 9:26 AM
    • Wells Fargo says revenue in Macau fell off 20% to 23% for the beginning part of Golden Week.
    • The forecast stands in contrast to a report yesterday that traffic was higher.
    • A higher mix of mass-market traffic over VIP traffic may account in part for the slide.
    • Decliners: MGM -0.9%, LVS -3.0%, Wynn Resorts (NASDAQ:WYNN) -2.4%, Melco Crown (NASDAQ:MPEL) -2.7%.
  • Oct. 6, 2014, 9:13 AM
    • Macau casino stocks rally in early trading after the Gaming Inspection and Coordination Bureau reports casino revenue fell 11.7% Y/Y $3.2B in September.
    • Though the monthly drop in revenue was the largest since June of 2009, some analysts had forecast an even steeper drop-off.
    • Sentiment on the group has also been boosted by strong traffic numbers for the Golden Week holiday.
    • Premarket gainers: Melco Crown (NASDAQ:MPEL) +3.8%, Las Vegas Sands (NYSE:LVS) +3.0%, Wynn Resorts (NASDAQ:WYNN) +3.1%, MGM Resorts (NYSE:MGM) +2.6%.
  • Sep. 30, 2014, 2:00 PM
    • Macau-related casino stocks are on the move, despite recent forecasts on revenue (Sept. -13%) showing continued year-over-year declines.
    • A report that a Beijing crackdown on corruption by party officials is nearing its end could be helping to tip sentiment.
    • Gainers: Melco Crown (NASDAQ:MPEL) +4.2%, MGM Resorts (NYSE:MGM) +2.4%, Las Vegas Sands (NYSE:LVS) +3.2%, Wynn Resorts (NASDAQ:WYNN) +4.0%.
  • Sep. 26, 2014, 10:06 AM
    • Golden Week bookings for Sands China in Macau look solid, according to a company spokesperson.
    • The development breaks a streak of negative data reads on traffic and sales for the gambling mecca.
    • The national Golden Week holiday runs from October 1st to October 7th
    • Macau stocks are in rally mode on the day: Melco Crown (NASDAQ:MPEL) +2.5%, Galaxy Entertainment (OTCPK:GXYEF) +4.9%, Las Vegas Sands (NYSE:LVS) +2.9%, SJM Holdings (OTCPK:SJMHF) +4.1%, Wynn Resorts (NASDAQ:WYNN) +2.3%, MGM Resorts (NYSE:MGM) +2.3%.
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Company Description
Las Vegas Sands Corp is a developer of destination properties that feature premium accommodations, world-class gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities.
Sector: Services
Country: United States