Sands awards $176m contract
Sands awards $176m contract
HONG KONG – SANDS China, the Macau unit of US casino operator Las Vegas Sands, has awarded contracts worth more than 1 billion patacas (S$176 million) to Macau contractors for its planned mega-resort on Macau’s Cotai Strip, saying construction of the troubled project has resumed.
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Categories: Hoover Dam Tags: $176m, Awards, contract, Sands
Wynn, MGM and Sands Dive Into ‘Ultra’ Pools
Wynn, MGM and Sands Dive Into ‘Ultra’ Pools
Wynn, MGM and the Sands hotels in Las Vegas open adults-only pools.
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Sands CEO says Singapore casino to break even in 5 years
Sands CEO says Singapore casino to break even in 5 years
SINGAPORE, April 27 — Las Vegas Sands, the world’s most valuable casino firm, expects to recoup its US$5.5 billion investment in its Marina Bay Sands casino in Singapore within five years, CEO Sheldon Adelson said today. His comments came at the opening of Singapore’s second casino resort as global operators such as Las Vegas Sands and Steve Wynn’s Wynn Resorts seek growth in Asia, lured by the …
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Shin Kong Wedbush has Three Reasons to Buy Las Vegas Sands Today
Historically, tumultuous times offer some of the best opportunities to buy stocks, and the market’s recent mess surely qualifies. Many investors are keeping their distance from casino and gaming stocks these days, but a good deal still think there’s value in casino operator Las Vegas Sands (NYSE: LVS). Many investors our still rating the company remain bullish, so there’s no shortage of reasons Las Vegas Sands will thrive, three of which I’ve highlighted below.
1. Macau
Las Vegas Sands has a growing presence in the booming city of Macau, which is its biggest source of revenue. It plans to restart stalled construction on its new resorts in January, with the first phase opening in mid-2011. Like Melco Crown Entertainment (Nasdaq: MPEL), the company plans to continue building there and eventually expects to have a total of 20,000 hotel rooms in the area, a gambling haven that provides big opportunities for many operators.
2. The house always wins
Despite a struggling Las Vegas casino industry that had an effect on operators like Las Vegas Sands, MGM Mirage (NYSE: MGM), Boyd Gaming (NYSE: BYD), and Wynn Resorts (Nasdaq: WYNN), some metrics show that the decline is slowing and thereby lead some to believe that the worst may be over. Las Vegas Sands already sees an improvement in 2010 bookings, and some CAPS members believe that the city of Las Vegas will regain its popularity with people looking to roll the dice.
3. Skin in the game
Similar to Jeff Bezos’ ownership in Amazon.com (Nasdaq: AMZN) and Warren Buffet’s massive stake in Berkshire Hathaway (NYSE: BRK-B), CAPS members like that Sheldon Adelson and his family are playing for the shareholders. The family invested hundreds of millions more in the company last year to help it survive and added more shares to their already large stake earlier this year.
Las Vegas Sands to open Singapore casino on April 27
Las Vegas Sands to open Singapore casino on April 27
SINGAPORE: Las Vegas Sands Corp, the world’s second-most valuable casino firm, said on Wednesday it will open the first phase of its Singapore casino on April 27, 2010, earlier than expected, accordin…
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Macau casinos helps Las Vegas Sands cut losses
Macau casinos helps Las Vegas Sands cut losses
HONG KONG – Las Vegas Sands Corp. said Thursday that soaring gambling revenue at its Macau operations helped reduce its losses in the fourth quarter of last year.
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Las Vegas Sands Corp. Declares Quarterly Dividend on Preferred Stock
Las Vegas Sands Corp. Declares Quarterly Dividend on Preferred Stock
LAS VEGAS, NV–(Marketwire – February 5, 2010) – Las Vegas Sands Corp. ( NYSE : LVS ) today announced that its board of directors has declared a quarterly dividend payment of $2.50 per share on its 10% Series A Cumulative Perpetual Preferred Stock to stockholders of record at the close of business on February 5, 2010. The dividend payment will be made on February 16, 2010, the first business day …
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Las Vegas Sands Corp. to Announce Fourth Quarter and Full Year 2009 Financial Results
Las Vegas Sands Corp. to Announce Fourth Quarter and Full Year 2009 Financial Results
LAS VEGAS, NV–(Marketwire – February 5, 2010) – Las Vegas Sands Corp. ( NYSE : LVS ) today announced that it will host a conference call to discuss its financial results for the quarter and year ended December 31, 2009, on Wednesday, February 17, 2010 at approximately 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).
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