By James Hartje:Macau has become the world's number one gambling market, overtaking Las Vegas as a result of a huge development surge over the past five years. Once a seedy sideshow to nearby Hong Kong, Macau now draws millions of Mainland Chinese visitors, who can't legally bet at home. Over three billion people live within a travel radius around Macau. We originally became interested in the investment opportunities in Macau back on May 28th, 2010.
By Blackstone Equity Research:Las Vegas Sands Corp. (LVS), one of the leading destination properties and casino operator in the world reported impressive financial results in FY 2013 with respect to its revenue performance.
Las Vegas Sands (NYSE:LVS) will report its 1Q 2013 earnings on May 1. Despite a slowdown in the Chinese economy last year, the company continued to do well in Macau, the world's biggest casino market. Given the success of Las Vegas Sands' integrated resorts in Macau and increased gaming revenues in China, we expect good results in the first quarter.
Las Vegas Sands (LVS) reported its Q4 2012 results last week and Macau once again was a big driver to growth. Unlike its competitors, Las Vegas Sands hasn’t experienced a slower growth in Macau in spite of a slowdown in the Chinese economy.
By Bret Jensen:Las Vegas Sands (LVS) stock has performed well recently. Most of the gaming company's revenues come from Macau and in the last few weeks, the news from that region of the world has been very positive. This should continue to move this gaming stock higher.A sampling of recent news out of Macau:
Andrew Wilkinson submits: Las Vegas Sands Corp. (LVS) – Shares of the casino resort operator rallied as much as 3.5% during the trading session to hit an intraday- and new 52-week high of $47.48 on news Macau casino revenue, bolstered by China’s Golden Week holiday, jumped 50% to a record in October.
Las Vegas Sands (LVS) recently reported its Q1 2013 earnings. The company attracted a record number of tourists and saw a 20% surge in revenues led by accelerated growth in Macau. While Sands China reported close to 40% growth in revenues for the first quarter, Singapore revenues declined despite a 40% increase in rolling chip volumes.
As Las Vegas Sands (LVS) releases its Q3 2012 earnings on November 1, its performance in the Asian market will be in focus. The company has a strong presence in this region with almost 75% of its valuation coming from hotel and casino businesses in Macau and Singapore.