Ha ha no Vodka but it is a good day for gaming. LVS was my best play ever and now positioned in MGM and MPEL. Vegas could actually be indicator for the economy. When visitation is up people have money to spend
LVS up on Macau table allotment Las Vegas Sands' Parisian in Macau Gets 150 Tables http://www.investopedia.com/stock-a...bles-lvs-gxyef-mpel-wynn.aspx?partner=YahooSA
New $2.7 Parisian resort to open Tuesday in Macau Macau’s newest casino — the second American-owned property to open in three weeks — greets its first guests Tuesday. The $2.7 billion, 3,000-room Parisian, operated by Las Vegas Sands subsidiary Sands China Ltd., is expected to open with 410 table games and 1,600 slot machines. The Parisian joins Steve Wynn’s $4.2 billion, 1,700-room Wynn Palace, which opened less than a mile away on Aug. 22. The elegant development — Wynn’s most expensive outlay — has received rave reviews from travelers and industry analysts in the brief time it has been open. Most of the table games at the newest resort will feature Asian players’ game of choice, baccarat, with limits that will appeal to China’s growing number of middle-class tourists. The Parisian, the company’s third property in Macau, is expected to cater to families with what executives are calling “an affordable luxury experience.” The centerpiece of the resort is a free-standing, 525-foot, half-scale replica of Paris’ Eiffel Tower, the tallest structure on the Cotai Strip, a boulevard of hotel-casinos built atop reclaimed land between Taipa and Coloane islands. The property also will have 170 retail outlets, a 1,200-seat theater, 56,000 square feet of meeting space and an outdoor pool deck with an Aqua World water park. While the faux Eiffel Tower is expected to draw most of the attention, officials with the hotel are enthused that the property will be one of Macau’s greenest. The Parisian is targeting LEED silver certification. “We set the bar very high for sustainability, and we are extremely proud of our accomplishments in planning and successfully implementing our eco-conscious design,” said Rishi Tirupari, the Parisian’s director of sustainability. “It was challenging to make it all happen and there were many lessons learned along the way,” Tirupari said. “However, the technology of sustainability — such as next-generation LED lighting — has progressed so much in recent years that we are able to run our resort operations efficiently without impacting the guest experience.” Every light inside and out is LED, which Parisian officials say is a first for a resort of its scale. The company expects the upgrade will pay for itself in three years, and that enough energy would be saved to power 12,000 homes for a month. While energy sustainability will be an important money-saver, a bigger issue may be financial sustainability. Sands China had sought to place 250 table games in the property when it opens, but Lionel Leong, Macau’s economy and finance secretary, announced last week that the Parisian would receive exactly the same table allocation as Wynn Palace — 100 tables on opening day, an additional 25 at the beginning of 2017 and a final 25 at the beginning of 2018. “Following the surprise grant to Wynn Palace, we believe consensus expectations for Parisian had become very low with some analysts recently voicing their expectation of a zero allocation,” Grant Govertsen, a Macau-based gaming analyst with Las Vegas’ Union Gaming, said in a report to investors. “We had taken an opposite view and were expecting Parisian to not only get an allocation of tables, but to get the ‘full’ allocation of 250 based on its family-style nongaming offerings,” Govertsen said. Wilfred Wong Ying Wai, president and chief operating officer for Sands China, told the Macau Daily News last week that 310 of the new property’s gaming tables would come from some of his company’s other venues in Macau, the Sands Macau and the Venetian Macau, a similar strategy Wynn took at Wynn Palace. Wong also told the newspaper that the Parisian would employ about 6,000 people, with 3,700 of them transferred from its other Sands properties. http://www.reviewjournal.com/business/casinos-gaming/new-27-parisian-resort-open-tuesday-macau
Argus bumped up its rating of the casino and resort company to a buy from hold. Macau gaming revenue rose in August, the first gain in over two years http://www.investors.com/news/macys-las-vegas-sands-f5-upgraded-coach-downgraded/
Las Vegas committee sends Raiders stadium plan to governor Plans for a $1.9 billion domed stadium won the recommendation of the Southern Nevada Tourism Infrastructure Committee on Thursday, sending a proposal that could bring the NFL to Las Vegas to Gov. Brian Sandoval for his consideration. At a meeting stoked with enthusiasm and a few minor squabbles, the 11-member committee unanimously supported the stadium developers’ preferred funding option, which requires a $750 million public investment, eliminates a 39 percent public contribution cap and allows the private partners to reap all stadium profits during the lifetime of the Raiders’ lease. The deal requires the family of Las Vegas Sands Corp. Chairman Sheldon Adelson, Majestic Realty and the NFL’s Oakland Raiders to pay the remainder of the construction costs for the 65,000-seat stadium, along with any cost overruns. Adelson has pledged to contribute at least $650 million, while the Raiders would pay $500 million. More: http://www.reviewjournal.com/busine...committee-sends-raiders-stadium-plan-governor
Las Vegas Sands Corp.: Why LVS Stock’s a Good Bet for Income Investors Las Vegas Sands Corp. (NYSE:LVS) owns and operates integrated resorts in Macao, Singapore, Las Vegas, and Bethlehem, Pennsylvania. An integrated resort combines retail, entertainment, gaming, hotel, convention, and dining facilities all on one property. Las Vegas Sands is an industry innovator with large cash flows. LVS stock pays a per-share dividend of $2.88 for an annualized yield of 5.11%. The Good & the Good About LVS Stock Las Vegas Sands Corp. is a major developer of properties in Macao. In early 2014, the Chinese government imposed restrictions on the amount of money high rollers could gamble in Macao. The result was declining revenues and lower pricing for LVS stock. Sands founder and chairman, Sheldon G. Adelson, ignored the short-term thinking of market analysts and stuck to his vision. Macao is the only location in China with legalized casino gaming, and three billion people live within a three-hour flight time of the city. Las Vegas Sands continued its development plans and opened the new $3.0-billion Parisian Resort in mid-September 2016. China has loosened some of its restrictions in Macao and revenues have stabilized. Las Vegas Sands had adjusted by changing from its initial emphasis on high rollers to providing facilities for more mass-market gamblers. The revenue per gaming individual will be smaller, but total entertainment revenue will be higher, resulting in a steady growth rate for total revenue. (Source: “Las Vegas Sands Could See More Gains As Casino Stocks Soar,” Forbes, September 28, 2016.) With facilities in Macao that account for 45% of gaming operator hotel rooms, Las Vegas Sands stock does not need to invest in new properties. Lower capital expenditures mean stronger free cash flow that can be used to increase the already generous dividend yield of LVS stock. Operations Update for LVS Stock Adelson is a major supporter of moving the Oakland Raiders to Las Vegas. When the Sands board of directors turned down a proposal to invest in a new 65,000-seat domed stadium located behind the Las Vegas Strip between the Venetian and the MGM Grand, Adelson committed to investing $650 million in personal funds through the Las Vegas Sands Corp. The stadium will end up being publicly owned and not an asset of Sands. However, the large venue can host major concerts, soccer games, boxing matches, and Super Bowls. The increased activity will benefit the Venetian – Palazzo – Sands Expo Center complex. A smart businessperson such as Adelson might include a direct transportation connection from Sands properties to the new stadium as part of the financing deal. (Source: “Las Vegas NFL Opposition Organizes Against Sheldon Adelson and the Raiders,” Casino.org, September 28, 2016.) Gaming operations in Las Vegas suffered from the development of casinos all over the country, but those are just individual casinos. No place in the world offers the same total entertainment experience available in Las Vegas. Revenues from all sources are steadily increasing. With no need for major development, extra revenue to Las Vegas Sands stock adds to net income. Increasing net income allows the company to return more money to holders of LVS stock. Final Thoughts on Las Vegas Sands Stock Las Vegas Sands stock has survived a couple of downtrends, emerging as an even stronger company. The company has an excellent portfolio of properties in easily accessible locations. The Marina Bay Sands in Singapore is located next to the city center and is a popular entertainment destination for both locals and business travelers. The Sands Bethlehem, a short distance from New York and Philadelphia, is a popular venue for professional association meetings. LVS stock is starting to rise as an increasing number of market analysts are announcing buy ratings. The potential for capital appreciation comes with the chance of volatility. The 5.11% dividend yield rewards income investors for the wait.
Good article. http://www.fool.com/investing/2016/10/02/better-buy-las-vegas-sands-corp-vs-mgm-resorts.aspx
Las Vegas Sands to Announce Third Quarter 2016 Financial Results LAS VEGAS, Oct. 20, 2016 /PRNewswire/ -- Las Vegas Sands (LVS) announced today that it will release its financial results for the quarter ended September 30, 2016 on Thursday, November 3, 2016. The company will release its financial results shortly after the market close of the New York Stock Exchange and will host a conference call to discuss its results at approximately 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). A webcast of the conference call may be accessed at the Investor Relations section of the company's website at www.sands.com. http://finance.yahoo.com/news/las-vegas-sands-announce-third-204100011.html
Las Vegas Sands beats Street 3Q forecasts http://finance.yahoo.com/news/las-vegas-sands-beats-street-203546987.html
