June 17th, 2011 | J.C.
Here is an open thread for readers to discuss the company with one another, and also to suggest topics you’d like to see covered on the blog.
Good idea to have this a weekly thing.
I would like to see the meat and potatoes, the good and the bad things about investing in the sands.I been coming to Vegas for 35 years to play and i cannot remember the color of the carpet or how many cabs are out front.I remember when i won on the tables and investing in a company.
Sands will not be able to sell MBS mall until 2017. How could Mr Leven not know that information. Mr Leven made a fool out of himself and I’m sure upset the Singapore government in the process. Mngt, should keep their mouths shut and stop pumping the stock without being able to back it up (ie: co-op sales, MBS mall sale, broken promises about the phase 1 opening of lots 5&6)
I’d like a little more updates on developements. What’s going on with plots 5 & 6? Which hotels will open on the Cotai Strip? Who are you talking to for the European developments? Hows company performance compared to competitors? I know for legal reasons you can’t say negatives about competitors but you can do some comparasons to give a sense of the strength of the company.
Singapore Tourism Board: Las Vegas Sands Can’t Sell Mall Before 2017 – Report
SINGAPORE (Dow Jones)–The government-run Singapore Tourism Board said the terms of an agreement with Las Vegas Sands Corp. (LVS) bar the casino operator from selling the 800,000 square-foot retail mall at Marina Bay Sands until after March 2017 , and it must obtain government approval, The Business Times reported Thursday.
The report follows comments in May from LVS Chief Operating Officer Mike Leven that the group could make as much as US$4 billion from the sale of the property in Singapore in two-to-three years’ time.
However, STB’s director of integrated resorts/business tourism development Carrie Kwik told The Business Times the integrated resort can’t sell the mall within a 10-year exclusivity period, which began March 2007 .
” Marina Bay Sands Pte. Ltd. , the successful bidder of the Marina IR, is not allowed to sell, transfer or dispose of its estate interest in Marina Bay Sands within the exclusivity period of 10 years,” Kwik said.
“The approval of the Singapore government must be sought if the IR operator were to consider any sale or subdivision of the IR after that period,” Kwik added.
The Business Times also quoted a Marina Bay Sands spokesman as saying that Leven’s statements were “inadvertently made without reference to certain restrictions set out in the development agreement between Marina Bay Sands Pte. Ltd. and the Singapore Tourism Board.”
Newspaper website: http://www.businesstimes.com.sg
-By Sam Holmes , Dow Jones Newswires; +65-6415-4157; email@example.com
(END) Dow Jones Newswires
Copyright (c) 2011 Dow Jones & Company, Inc.
I don’t understand how Mr. Sheldon still have a Mr. Leven as president of Las Vegas Sands, Mr. Leven has only been shown incompetence in leading this great company, how is possible that our gaming tables in Las Vegas casinos are losing money? when Wynn resorts our competitor is making a profit. Mr. Leaven must leave the company.
How about this for some good news….
“Standard & Poor’s today raised its corporate credit rating for casino resort and convention center operator Las Vegas Sands Corp., citing its strong financial performance and growth prospects. Despite its current hefty debt load of $10.1 billion, debt-rater Standard & Poor’s said it expects the company led by Chairman and CEO Sheldon Adelson “will maintain a cushion in credit measures sufficient to allow for substantial development spending over the next several years.”"
“Jon Oh, analyst at Credit Agricole Securities, believes the Asian gaming business will go through “volatile times” within the next decade or so, but that the longer term trend is inexorably higher. His horse in the race is Las Vegas Sands (NYSE: LVS). “Sands will come out on top in the next two years or so, it’s the only company in Macau expanding its footprint,” says Oh. Las Vegas Sands has the second highest market share in Macau next to billionaire Stanley Ho’s SJM Holdings. Behind Las Vegas Sands in Macau are U.S.-based competitors Wynn Resorts and, more distantly, MGM Resorts International.”
Sorry forgot the link for the Forbes article.
I always like reading your ideas, Mr. Boza, but I think you’re being a little harsh. I like Leven. He’s smart and brought this company out of the worst economic times imaginable. Personally I don’t care what he said about the mall, since I’m not a short term investor. And the company is strong (see my links above) and institutional investors arent worried about the health of the company.
You should care what he said about the mall because it was a gross over promise. You can build another IR for 4 billion.Come on guys 1-2 billion maybe,2017 it is an open market again.Over promise will not work,the share price continues to bleed.
I made a list for Mr. Adelson for is guys to take to Spain and Japan to ask.
1 CAN WE SELL CONDOES
2 CAN WE SELL A MALL
3 CAN WE HAVE JUNKETS
4 WHO CAN COME IN ARE CASINO AND HOW MANY
5 CAN WE HIRE THE WORKERS WE NEED
I can see why Mr. Adelson is kicking so many of his top people to the curb.Ask before we take another boat load of debt.
The price of the shares continue to fall and I don’t see anyone in the company do something to stop this, too much incompetence in the management of this great company, the President alone has dedicated the past six months to sell their shares, who will to invest in a company when its president just sell and not buy shares of the company that manages?
If we don’t do nothing with the $3 Billions that we have in cash, begin to repay the debt that we have, which is very high, efficiency please, efficiency.
Maybe S. Wynn can teach Mr.Adelson
how to treat his share holders.
Build value.We are still bleeding.
Half of the voters of Miami-Dade County are in favor of establishing casinos in downtown Miami or Miami Beach, according to a new survey by Bendixen & Amandi.
38 percent oppose the opening of casinos and 12 percent do not speak on the issue.
Hispanics and whites, with 51 percent and 53 percent, respectively, are the groups most favorable to the establishment of new casinos. However, 53 percent of black voters are against more casinos in Miami-Dade. In recent debate the candidates for mayor of Miami-Dade County, Julio Robaina and Carlos Gimenez, said they would favor that the state Legislature approved more casinos in the county.
The survey of 600 voters in Miami-Dade, commissioned by El Nuevo Herald and The Miami Herald, was held last week in anticipation of elections for county mayor.
We have to move guys, do not let the competitors in Asia to achieve the first licenses.
Our competitor in Singapore already bought the best available land in the downtown of Miami.
The New Herald of Miami article:
If we have a blow out er i can see it going
to 41 or 42 and then bleed back down. With no share buy back or debt pay down and no er blow out i can see it go down in to the 27 or 28 range. We need help from the board.
I think this blog does not have much life, my suggestion Close it, the idea was not good, I think people do not participate because nobody in the company does the same, people do not want to waste time.
Glad to read this….
Moody’s Investors Service on Friday revised its ratings outlook for Las Vegas Sands Corp. to positive from stable, saying it’s optimistic the company will be able to balance its debt and profits enough to eventually be upgraded. The ratings service also affirmed the casino operator’s “Ba3″ corporate family, probability of default, and senior secured debt ratings. Moody’s said the positive outlook also takes into account its favorable view of Las Vegas Sand’s proposed refinancing. The company is in the process of refinancing its Venetian Macau Credit Facility with a proposed $3.5 billion facility, which should result in substantial interest savings. Las Vegas Sands shares fell 36 cents to close Friday at $39.19.
I have to agree with Cesar jun 28.
You have 1 or 2 cheerleaders on the blog ,no body from the company ever jumps in, but what can they say except no news for investors.
Don’t agree with Cesar. I think the blog has its role. I had several emails back and forth from the company and I think that wouldn’t have happened without this place. I don’t read all the posts but I find myself coming back a lot. I’d be interested to know how many people come to the blog?
I wasn’t aware that Cantor Gaming is part of Cantor Fitzgerald. They are making a big move into Vegas, besides the Sands. Also interesting to learn its privately held. It made the New York Times.
Let lvs tell us how they can be off on the selling of the mall by 13 years. And the truth be known you might have to sell the hole place and not just the mall.
Cliff: I guess by “cheerleaders” you are referring partly to me because I am positive about the company and maybe because I’m a woman. Anyway, whatever… I don’t quite get how you say they are off by “13 years.” Look at the article posted by Kevin up top. THe company can sell the mall in 2017. It is now 2011. That’s only SIX years away.
Jonah: I think you should be much more careful about people “trolling” on this blog. This company has it’s enemies and disgrunted employees and you need to be careful about just letting any old comments go up willy-nilly.
Read this from Wikipedia
“In Internet slang, a troll is someone who posts inflammatory, extraneous, or off-topic messages in an online community, such as an online discussion forum, chat room, or blog, with the primary intent of provoking readers into an emotional response or of otherwise disrupting normal on-topic discussion.”
Look also at this article on “flamming” which happened at the new scientist blog.
“I am particularly conscious of this trend because, as the moderator, I keep an eye on all comments and have to remove any that break our House Rules. This means I read a lot of comments (826 last week) and while most of them are perfectly polite, there’s a stubborn minority that are rude, intentionally provocative, or just plain abusive. It seems people will say things online that they would never say face-to-face.
My pet theory about why people behave so rudely is that online commenting is treated, by most people, like a pub conversation ? they don’t necessarily expect to be taken seriously and the social rules are fairly relaxed. And yet, because comments appear in cold text without important cues like friendly body language, they can easily seem more offensive than if they would otherwise. As a result some people get annoyed, and the flaming and trolling begin.
Kate do not misunderstand me.I bought this company at 1.50 and holding every share.when most gave them up for dead.I do not disrespect you and i am not a basher.I was wrong when i said 13 years and not 6.But i feel as an owner i have the right to ask about the mall or the condo”s. I did not feel the moody”s article was important because if i read it right it was a word change from stable to positive and Ba3 will not change until they see some action.stable to positive meant nothing when it is changed to Ba2 then it is worth talking about.I hope Jonah can see i am sincere about what i say but if not that’s for him to choose.
Guys, we need not discuss among ourselves, we all want the best for the company, but it is necessary that some member of the board visit the blog and discuss some future plans for the company, not only want to learn through the media, we want to hear from them too.
@Cliff, yes, no worries, I know you are, and I’m grateful for your participation on the blog… although, admittedly, I am a wee bit jealous of your insight to buy at a 1.50.
@Cesar, much thanks also for your continued participation. Points taken, too. I also want to break some more news on the blog, as we did in Mike Leven’s podcast. The blog’s only been up 8 weeks, though. It will, no doubt, evolve and continue to be a tool for us to communicate plans. Reader comments, like yours, help us think about what we’re doing and where we’re going with the blog. It’s an ongoing project.
J.C. I do not know if was so much insight but the faith i have in
MR. Adelson,then and now that keeps me hanging on.I just wonder about some of is help.He can not be in 3 countries at once to watch the store.
Thank you, Cliff. I believe you and apologize if I was feisty but honestly I’m sometimes skeptical and even angry about some peoples comments here. I obviously misread your intentions. And thanks for your response, Jonah. I stand by my position you should be more critical of what gets posted in the comments. I like you Jonah as blogger and moderator but I think you need to be stronger in responding to false claims about the company in the comments. I’ve read a bunch of b.s. by so-called “investors” and I know you have also. Let them know it’s b.s. We’ll still love you if you take the gloves off sometimes.
LOL. No, J.C., not completely satisfied. I don’t think you should censor either of course. I spoke to broadly before when I told you not to allow people’s comments willy-nilly. What I DO think is, don’t be shy about stepping in and correcting their false statements. That’s all I’m saying. Still, young man, I’m generally very happy with what you’re doing and I like your writing.
Like i said from the start i like to hear the good and the bad about a company i invest in. So i can decide when it is time to pull the plug.I have a daughter who is a professor and a son who is a director of finance at one property in Vegas and have equal faith in ether sex when it comes to being smart.Sometimes it seems like i focus on the bad things but that’s what can affect my investments
Kate my saying 13 years instead of 6 was not a false statement it was a mistake.
I guess I was thinking mistakes are false statements but not intentional ones. I don’t think you were intentionally misleading. I apologize for way too quickly implying that, Cliff.
Very good renewal you are doing of the exterior of the Venetian hotel in Las Vegas, it was necessary, the color is perfect, I hope that after over 12 years, put a lighted sign at the top of the hotel as we see in most the hotels in Las Vegas Boulevard, goog for you guys.
Due to the limited volume of business that represent the Venetian and the Palazzo hotels and casinos in Las Vegas, in inflow of money and profits for the company, we should think well to do something in this city to attract more people, we know that the casino business in Las Vegas changed forever, are very few companies that are willing to invest money to build a new hotel and casino in this city, but we must to do something urgently to change that, focused on doing something different and create something like a closed desert Tropical Island as Malaysia businessman did in Germany, that place is very successful is open 365 days a year, thousands of people from all over the United States would travel to Las Vegas to visit our island, we have to reinvent the city of Las Vegas with new ideas and attractions.
Here’s more information in relation to this idea;
WYNN and MPEL are at 52 week highs again….LVS – not even close. Havnt heard a word out of SA or Leven lately. Any word on
1. Co-op sales
4. Lots 3, 5, 6, 7, 8 in Macau
5. Share buy back
6. Dividend for common
10. SA’s bodyguards who are suing him
LVS needs to catch up with the pack, take a lesson from S. Wynn…
WYNN and MPEL are at 52 week highs again….LVS – not even close. Havnt heard a word out of SA or Leven lately. Any word on
Lots 3, 5, 6, 7, 8 in Macau
Share buy back
Dividend for common
SA’s bodyguards who are suing him
@Cesar, interesting. Have you been to the Tropical Island?
Kevin you are 100% right, you will not see much price movement until something good happens, ether a blow out earnings or some kind of thing for investors,share buy back.
the only ones buying now are day trader”they buy early sell before the day is over.If you see the volume go to 25-30 million then you know investors are coming back.The investors got fooled the last 2 qt with over promise under deliver.
J.C. Yes, I was in Tropical Island in Germany about 2 weeks ago, that place is amazing and wonderful, I wish we had something like this in Las Vegas
We must reinvent Las Vegas, this city every day becomes more boring, people are tired of seeing and doing the same thing, that’s the reason why we have fewer tourists every day, something new and wonderful has to come to Las Vegas.
Most of the people who visit Las Vegas come from California state, they are also tired of seeing and doing the same thing.
I am glad to see the price LVS get as high as it has pre er, hope for more and set a close stop in case of a let down.
Also i would like to see the price of LVS on this page.
Thanks Jonah. Sorry for the delayed response. We were on vacation. I appreciate you getting back to me on this. Blog is doing great. Keep up the good work.
Guys, we need to be prepared for the great crisis approaches, the U.S. debt ceiling, the monetary crisis in Europe, the high inflation in China, these are are clear signs that something very bad is coming, I will not be negative, but I feel that a big crash in the stock market is just around the corner, be prepared.
European shares fell again today for the third consecutive day while the euro lost the $ 1.40 mark for the first time in four months.
While European finance ministers meet in Brussels to discuss the current crisis, markets opened with every indication of another turbulent day after falls also in some places in Asia and the huge increase in the spread of the countries’ debt Europe’s most indebted countries like Italy and Spain.
In Milan, the stock was down at 10:52 local time by 2.1 percent, while in Madrid the IBEX was down 3.7 percent at ten o’clock.
The bank shares again led the falls, dragging both the Eurostoxx 50 index 3.3 percent lower. Wall Street ended Monday with losses of 1.20 percent.
Investors now focus their analysis on the result of efforts by the Italian government and Greek, that pull government bond auction.
Also contribute to the uncertainty of the situation in the U.S., where government and opposition fail to reach an agreement to extend the debt limit, and high inflation that China can not contain.
Spain president, Mr. Zapatero met today, by emergency the president of the European Council, Herman Van Rompuy, to address the issue.
Now I understand why Mr. Michael Leven sold its shares of the company, I will have to do the same, everything looks very dark in the global economy.
Las Vegas Sands denies allegations over worker overtime pay.
Gaming giant Las Vegas Sands Corp. and CEO Sheldon Adelson are denying lawsuit allegations that members of Adelson’s elite personal security force and one of his drivers weren’t paid overtime as required by federal law.
Attorneys at the Las Vegas law firm Campbell & Williams — the same firm representing fired Sands Macau casino executive Steven Jacobs in his lawsuit against Las Vegas Sands and Sands China Ltd. – sued Adelson, Las Vegas Sands and another Adelson company June 10 in federal court in Las Vegas on behalf of driver Kwame Luangisa and nine security officers.
The suits claimed the security agents routinely worked in excess of 40 hours per week and frequently for more than 150 hours per week; and that the driver believes he’s owed more than $100,000 in unpaid overtime.
Attorneys for Adelson and his company Interface Operations LLC, in responding this week to Luangisa’s lawsuit, said he was a salaried employee who was terminated for cause in March of this year.
“Plaintiff has been paid all wages due” and “plaintiff was properly exempt from federal overtime requirements,” their response said.
“At no time prior to filing the suit, including during his exit interview, did Mr. Luangisa approach any of the named defendants to discuss the subject matter of the suit. For that matter, the defendants only first learned of the suit after it was published in the newspaper,” this week’s response said.
“Moreover, although plaintiff was never employed individually by Mr. Adelson, plaintiff intentionally choose to name Mr. Adelson as a defendant in this matter. Plaintiff’s inclusion of Mr. Adelson as a defendant is therefore most likely an attempt to create negative publicity about Mr. Adelson as evidenced by: the quick turnaround in which information about the complaint was published by the local newspaper; the fact that plaintiff’s counsel is currently involved in two different lawsuits wherein he is representing clients with claims against Mr. Adelson; and plaintiff’s decision to include sensational allegations in his complaint that have nothing to do with his underlying Fair Labor Standards Act claim,” their response said.
These “sensational allegations” were that, “Following a particularly abusive tirade by Adelson,” Luangisa resigned on March 25.
“To that end, now that plaintiff has fulfilled his quotient of media attention at Mr. Adelson’s expense, defendants seek to have Mr. Adelson dismissed from the case,” the filing by attorneys for Adelson said.
Attorneys for Las Vegas Sands, in the meantime, denied the allegations that certain security officers for Adelson weren’t paid overtime.
They said that like Luangisa, the officers received all wages due and were exempt from federal overtime requirements.
Or, alternatively, the Las Vegas Sands attorneys argued: “Any alleged violations of the Fair Labor Standards Act were not willful.”
Las Vegas Sands and Adelson are represented in the litigation by attorneys with the Las Vegas office of the law firm Littler Mendelson P.C.
This week’s filings put the cases on track for discovery and potentially a trial should they survive summary judgment and dismissal motions, unless there’s a settlement.
This is the article in VEGAS inc:
Congrats to Mr. Wynn……great earnings and CC
If LVS doesn’t blow earnings away then it’s time to move on…….
Is the coffee with Mike page done
No, it’s not done. I just added some more posts to the “featured” section. Doing this seems to have pushed the older posts down, so that they don’t appear on the front page. I’ll see what I can do.
It has been awhile that i checked in. No more coffee with Mike , no more cheerleaders.How is it going J.C. Where are all the investors J.C. Did you scare them off.
Hi, Cliff! Good to hear from you. Not sure where the others went. Either they’re celebrating their profits (I hope) or they moved on (I hope not)… or, as you say, I scared them off (I really hope not).
I think most are not real investors and it is something uncle Joe told them to buy.I look at companies a good part of the day so i keep my eyes on as much as i can. You have a great site so keep up the good work.
Thanks, Cliff. I appreciate your words and presence on this site. How are things with you? Are you feeling good about LVS?
I feel pretty good about the future for L.V.S. This E.R. could go either way ,but then i think things look better.I do not feel good about Spain and think it is a mistake,but what do i know.
Wanting to build in spain could be holding share price down. It is taking a huge chance .
L.V.S. Down almost $9 since it hit a high of $62.10 Why and where are the cheerleaders .
Back in at $50 , Feel bad for those that rode it down from $62
You can not make money that way.
Spain is the biggest over hang on
L.V.S. now. Would love to see L.V.S. change their mind. Not to say in the end Spain would not work out , but it will hold L.V.S. down for 4 or 5 years till they can show they can make money there.
All the things i heard about being not a real investor and just looking to start trouble , Now it looks like i am the last man standing and the want to be investors are gone baking cookies or what ever they do.
Dow has lost its 600 points now
what i said 2 months ago had to happen , and should turn any time now. It is hard to call an exact bottom or top but it will turn soon and now is the time to look for good buys .
L.V.S. Backing out of Mass. is a good thing.Now i would like to see L.V.S. back out of Spain till things get better in the E.U.
May 30, 2012
Macau casinos face a difficult decade.
MACAU – In the game of craps, you can bet that a roll of the dice will add up to 10. You can bet 10 in any combination – the easy 10 – or you can bet for a pair of fives – the hard 10.
This year marks the 10th anniversary of Macau’s casino liberalization. It’s been a great decade for the city, which has catapulted from being an obscure footnote in history to the overwhelming revenue leader of the global gaming industry.
For Macau’s casino operators, it’s been the easy 10, and they’ve won big, booking profits in the billions of dollars. They now face a hard 10 in the decade ahead, a bet with much longer odds for success.
The 10-year mark is the half-way way point in the 20-year gaming license terms for four of the six casino operators. The license
agreements governing Sands China, Wynn Macau, Galaxy Entertainment Group and Melco Crown Entertainment were signed in late June 2002 and expire on the anniversary date in 2022.
The licenses for the other two license holders, Stanley Ho’s Sociedade de Jogos de Macau [SJM] and the MGM China/Pansy Ho partnership expire in March 2020, based on Stanley Ho’s previous license expiry date.
You can read more here:
According to Seeking Alpha:
Avoid These 5 Dividend Stocks With Large China Exposure, Las Vegas Sands is first in the list.
The world economy is entering a precarious phase, as the eurozone sovereign debt crisis and developing recession cast a dark cloud over the global economy. In its latest China Economic Outlook, published in February 2012, the International Monetary Fund (IMF) predicts that if the “Euro area experiences a sharp recession, China’s growth rate will drop abruptly.” The IMF emphasizes that “a storm emanating from Europe would hit China hard.”
You can read more here:
I think Angie might be short and
trying to scare people.China is the least of my worries.China is in the middle of changing from an export country to a consumer base country and will need the E.U. a lot less. They have 2 billion people right in their own country to sell there goods to.You seem to forget for the first 100 years
the U.S.A. Sold all the goods they made right at home.China also has a government that can make change on a dime unlike the U.S.A. that in 4 years now has done next to nothing to help this economy.Maybe even made it worse.
My big worry is going into Spain to soon.Look what happened in Vegas during the worst part of our recession.No body came.
What is this subscribe in the upper right side for J.C.
Hi Cliff, it’s a new feature on the site. By subscribing, you get email notifications when we put up new blog posts.
I’m not trying to scare anyone, this is public information, you can check the links.
Another thing, I’m not short.
Hi Angie i know it is but it is well over blown. U.S.A Should be so lucky to have G.D.P of 6% to 8% , our recession would be over.
LVS made a serious mistake, trying to open casinos in Spain, that country has an unemployment rate of more than 25%, its economy is broken, the Europeans do not play in casinos.
If Sheldon investing in Spain, soon I’ll see LVS bankruptcy.
Not to be a genius in finance or business to realize that Spain would be the last place in the world I would invest a dollar.
I agree Angie and hope L.V.S. will come out and say for now its a wait and see game for Spain
Whats the hurry, its not like someone else will come in and spend 25-30 billion on this project.Now is the time to be careful.
Spain’s unemployment rate more closer to 40% .Like the U.S. They do not count the people when their unemployment payments run out or they go back to school or they just stop looking for work.Why look when no jobs to be had.The rate here closer to 20% in real life.When a casino is looking for 200 people and 5000 to 6000 show up to apply
what doe’s that tell you.
HONG KONG (AP) – The Chinese arm of U.S. gambling company Las Vegas Sands Corp. is dropping an appeal against a December 2010 decision by the Macau government to deny it a land concession.
Sands China Ltd. said Friday that the company withdrew its appeal on Wednesday, May 30.
The company filed an appeal in January 2011 against the decision by officials in the Asian gambling hub to reject its application for permission to build on two parcels of land in the Cotai district.
The plots, known as Parcels 7 and 8, are near Sands’ three other developments in Cotai, including its flagship Venetian casino resort.
Sands was planning to lease the land to build casinos with 3,000 hotel rooms. Cotai is the most rapidly expanding area in the world’s most lucrative gambling market.
This is the link for the news:
LVS is down 8% today $42.50
Macau’s casino gambling business is showing signs of growth fatigue.
This is the link:
Angie let me ask you are you long and one more thing have you posted here with any other names.
My husband posted here before, he is investing in other sectors, he does not want to know anything about the New York Stock Exchange, I buy when the price is low and sell when the price goes up I’m long in LVS.
Thank you for the reply Angie.
I do not like when someone post with more then one name .You have to ask why and what is their motive
and what are they lying about.I have the same name all my life and it will not change .
Genting Singapore, the resorts and gaming division, listed in Singapore, reported a fall in revenues of 16% from premium customers at its Singapore gaming resort. They compete directly with Las Vegas Sands’ (NYSE:LVS) Marina Bay Resort which, in just 2 years of operation, is the most profitable such resort in the world. Needless to say it’s done wonders for their bottom line.
Genting also suffered double blow in its quest to expand its casino business into New York when Gov. Andrew Cuomo said he was backing away from a plan to build a convention center in Queens next to a Genting resort. This followed a report saying that Genting and a larger lobby, the New York Gaming Association, poured $2.4 million into what’s effectively a political slush fund for Cuomo’s interests. So, to save political face Cuomo backed away. The casino they opened at Aquaduct raceway was to be supported by the new convention center they were planning on building next door and now it is an orphan in Queens; having opened in late October with no clear plan to move forward. Plans to expand in the U.S. have met nothing but trouble as a planned $3.8 billion resort in Miami has not materialized either.
This is the link:
Like i said May 29 China not the worry but the E.U. and the U.S.A. are.They can not get any thing done and when Bernanke talks the market go’s down.If Obama gets in for another term we are looking at a japan recovery,10 years or more.
I think L.V.S. Big problem is very poor P.R. Ether they over promise or they do not say nothing at all.Wynn has the same things going on as L.V.S. lawsuits
insider selling slow downs but yet they hold their price. L.V.S. should be in the 60 to 70 dollar price range and Wynn should be in the $80 price range but Wynn has great P.R. L.V.S. needs to learn from Wynn.L.V.S. has a lot to learn to add shareholder value.
Hello to everyone on Sands Confidential’s Open Thread. I own shares of Las Vegas Sands and the stock performance is important to me. I want to know what the company will do in the future so I do my research, lots of it. I don’t care about one persons view or information, I care about everyone’s view because I can use those ideas to defend or support my position. Stop and think about the people that use the product we are selling. Las Vegas Sands ” Demographics” has mass market ( read regular Joe) and then they get the big money from people with High Net Worth that have 1 million dollars or more. How many millionaires can you get to come on vacation to your location. LVS will have three zones and the largest private airforce in the world to fly them to Adelsons resorts. Lets look at how many millionaires Las Vegas Sands has to work with.
Zone One:The US ,and Canada have 3,384,000 millionaires with High Net Worth (LVS has casinos in Vegas, and Pennsylvania ) English
Zone Two : Japan,China,and South Korea have 2,528,000 millionaires with High Net Worth ( LVS has casinos in Macau, and Singapore ) Asian
Switzerland, and,Italy have 1,964,000 millionaires with High Net Worth ( LVS will have an Integrated Resort in Spain ) European
The number of High Net Worth Individuals in the world.
1) US 3,104,000
2) Japan 1,822,000
3) Germany 951,000
4) China 562,000
5) UK 441,000
6) France 404,000
7) Canada 280,000
8) Switzerland 252,000
9) Australia 180,000
10) Italy 168,000
11) Brazil 165,000
12) South Korea 144,000
Zone One Shares the 3,384,000 High Net Worth Individuals with hundreds of casino operators in the US
Zone Two Shares the 2,528,000 High Net Worth Individuals with 8 licenses in Asia and LVS has 2 of those 8
Zone Three will have one operator (LVS) with 36,000 rooms in Spain for 1,964,000 High Net Worth Individuals ( Spain ) European
That means Las Vegas Sands will have a resort for 7,876,000 millionaires that can vacation within a 3 to 5 hour flight all around the world. No other company has the kind of marketing plan that Las Vegas Sands has.
JC I read what these posters are saying and I feel the OPEN THREAD needs some information and facts. With all due respect to the posters on this board ” They dont know LVS”. They must all spend their time researching WYNN. LOL
JC when you respond to them I know you are just trying to be polite but they need to be able to defend the negative things they say about LVS and they can’t. They need to be held accountable.
In Macau LVS will grow earnings much more than those analysts are telling us. I cringe every time I hear someone say WYNN will grow earnings 16% every year for the next 5 years, they won’t. They did not in the last quarter and they won’t in the next quarter. This is my premise for Macau, SJM, MGM, MPEL, and WYNN are going to lose market share to Las Vegas Sands. I think in the next 12 to 18 months LVS can get to 35% of 40 billion but lets be conservative and say 30%, thats 12 billion dollars. How many rooms will Steve Wynn have in Macau in 2012 in Macau ? The answer is he will have 1014 rooms and the same number of rooms in 2013, 14, 15, 16, and 2017 because of labor shortages. By the time WYNN adds 2000 rooms on the Cotai Central Strip LVS will have 12,964 rooms. Adelson has the biggest private air force in the world that bring millionaires from all over the world to Macau and they like that. SJM and the other operators are increasing expenses to hold market share and that’s why LVS has the highest profit margins of any of the 6 operators. They will double market share and increase the percentage of profits over those 12 to 18 months while the competition will lose market share and increase expenses. Las Vegas Sands has 60% of the market share in Singapore at the Marina Bay Sands, and they are one of only two operators. Singapore just opened a 1 billion dollar Garden by the Bay that the Singapore government built next to the Marina Bay Sands that will bring 5 million visitors to the exhibit. LVS could do 20 billion dollars in the next 12 to 18 months a 100% increase. The figures that Citi just came out with shows my premise has started. Citi now expects total June GGR to exceed MOP 24.5bn,thats +18% YoY
“According to our checks, table-only market share for June 1 – 17 LVS was at 19.8% (vs 16.5%) thats Up 2.3 % with more to come.
Galaxy at 22.7% (vs 20.1%) UP 2.6%
SJM at 25.5% (vs May share of 30.0%) Down 4.5%
MPEL at 11.6% (vs 12.1%) Down 0.5%
WYNN at 11.1% (vs 11.1%) Even
MGM at 9.3% (vs. 10.2%). Down 0.9%
While the competition was selling everyone and paying money to get players to the casinos Las Vegas Sands was building a better location in Vegas,Macau,Pennsylvania, and Singapore. I will get into Spain later because the Open Thread is way off on that one.
We live in a strange time. We have people that say they are investors that are really just every day gamblers. They have TV shows that promote them that are just half hour commercials with commercials in between. I was talking to a man online the other day that said he was a “Long term Investor” and he liked a stock that I knew a lot about. I asked him why he thought they would do well and he gave me all the reasons and I said that was great how many shares did he buy. He said he bought 1000 shares and I asked him did he usually spend over 100,000 on any one investment and he laughed and said no that was just a little over 2300 dollars for some calls. I am not saying that is not a way to make money because for every person that makes money on a call or a put you have someone that will lose that same amount of money so it is clearly a transfer of capital, but so is betting on red. The part of the process that I hate is when they start to bash the company with misinformation because they just shorted the stock. I know that the so called Investors have a plan but it has a big flaw. First not very many people read the post, and second of the small number that will read it none will take action. I am talking about the majority of the stocks. It works with Facebook and a few others but that’s it. What I hate is how they will lie about the stock because they have no integrity. I have a news flash for you. The stock market is manipulated and the guy that tries to bash a company to move the stock is only making himself look bad and will lose in the end. By the time he blinks his eyes to have a thought the market makers have made a hundred thousand trades. I gave you that information to give you my real point. The investors that own Las Vegas Sands get mad that the stock has a pull back and blame the company or tear down Sheldon Adelson’s reputation and that’s wrong. Sheldon Adelson is a visionary and is in the same category as Steve Jobs, Bill Gates,or Steve Wynn. Adelson can not be faulted for his vision on the business he built because of his religion or his political beliefs, that’s wrong. These posters that are worried about a plan that Sheldon Adelson has about expanding need to understand that others that are smarter about the casino business than they are doubted Adelson. Steve Wynn told Adelson he would not win in Vegas with conventions and he was wrong. He told Adelson he should never build in Cotai because it was a stupid idea, he was wrong. Steve Wynn told Adelson that if he spent all that money in Singapore he would never make it back, he was wrong. Last but not least he said the old Bethlehem Steel plant was a charity case and Adelson was spending his money foolishly, he was wrong. Now Steve Wynn wants in to that same market. From 2009 to now LVS has had many pull backs but they have been because of the market makers dropping the price to take the short term traders money not because of the company. If you have any doubt as to what I am saying you need to do more research. Las Vegas Sands had 1.07 billion dollars in EBITDA in the first quarter, the biggest in history and will have the best year in profits in the history of any gaming company in the world in 2012 and the market makers dropped the price. This is the best investment in this sector in 40 years. Of the more than 12,000 public companies traded in the US, there are only six with the combination of a market cap over $10 bn, and revenue compound annual growth rate of more than 20 percent, and a 2013 estimated free cash flow yield of more than 8 percent. Those companies are Apple, Las Vegas Sands, NetApp, Baidu, Ensco and Vertex. JMHO
One more person to tell me i am not an investor. Once more i do not buy options only shares.I did not bash L.V.S. And if you look at my past post, Jun. 21 you will see i think share price much to low and Wynn way to high.If you look at my past post about Spain you will see that what i said is now is not a good time for Spain and is one more thing to drag on share price. So lets ask why the price is in the same range for more than 2 years.New casino open, ER way up then whats the reason , could it be high debt and wanting to add to it going to Spain and other places in the U,S.A. That just turn a small profit like Beth. And even S.A. said he was sorry he got in to.
Now please do not tell me it is market makers keeping the price down over 2 years because that is cheerleader talk.I invite J.C. to go to the yahoo board and see what kind of people post on that site and am pretty sure J.C. would not let them post here.
Vegas has almost 40 million coming by air in a year and that’s not counting the drive ins and still earnings are bouncing between profit and loss. The E.U is in much worse shape then the U.S. . We have been slow for going on 5 years with no end in site.It could be another ten years before the E.U. Picks up again. When you open an I.R it has just months to start making money or or you got problems big time. J.C. can tell you about places in Vegas that never got to open their doors. FACT Spain at this time would be to much risk.
Cliff with all due respect I did not say you bought options. You post more than anyone and that has gone on from the first day. That is a good thing but all you had was positive answers to your points. My exception with some of the posters is that they said debt was a problem with LVS. I will post this again because it needs to be posted. The Cash Equivalents and Restricted Cash for Las Vegas Sands is $ 4 ,063.7 Billion with Debt of $ 9 ,852.0 billion. That means LVS has Net Debt of $ 5,788.3 billion at the lowest rate of any casino operator on the planet. This was reported in the last conference call along with the fact that the 100 million on 7 and 8 had already been written off and no one brings it up. Free Cash Flow is over $ 1 ,337.3 billion. The facts are more important than the fear. The other thing poster have been doing is bashing Spain without facts and figures about the market. I have posted the facts about the demographic instead of giving you an opinion about Spain. The last point I would make to anyone on the board is the board is open to posts for the free exchange of ideas and that is important. The market had 320 billion dollars a month in margin accounts so far this year that gave LVS stock price high volitilaty and a high volume of over 10 million shares. That’s from high frequency trading and margin. Guess what, they are out of the margin money because they got called on this pull back. Many margin players have lost a lot of money and they are crying. You own your shares so you don’t need to worry you have invested in the best stock. By the way Michael Alan Leven can sell any shares he wants to because he earned every penny and when we do 20 billion in revenue more people will get it.
Cliff I agree with you about PR I think Adelson is addressing that now with a bigger PR department. He has said he tried to hire Steve Wynn to do his PR but I don’t think that will happen. Integrated Resorts are for millionaires. Macau gets 97.5% Asian customers. Very few Americans go to Macau or Singapore. Las Vegas Sands gets most of the millionaires in the US that gamble in Vegas and Bethlehem. Americans are more likely to go to a casino in Europe than they will in Asia. Adelson will beat the competition again as he has in the past. Anyone that investigates what a European gaming location is, will find LVS will have no competition. Our local bars are better than the casinos in Europe. Our Indian Casinos are 5 times as big as the best they have and they still are not an Integrated Resort. Millionaires go to an Integrated Resort and spend hundreds of thousands , not to a local bar. We will get this project in September and it will be a success. I would love to see Japan but that could take 7 years. Manila will start to open in 24 months and this forum will be pounding on the table asking why we didn’t start a project sooner. Asians will go to Manila and the Asian market will continue to grow. This stock is not broken, the market is. The second quarter EBITDA will be over 1 billion dollars and this stock will go up in July. Market makers do not control a stock price they take advantage of weakness both up and down and they have done a very good job for two years.
Cliff you sound worried about how we are doing in Vegas when you say we are “bouncing between profit and loss”. We are not “bouncing between profit and loss”. I am sure you meant the competition, but we are having the best year ever. This year so far in Vegas we had an Adjusted property EBITDA increase of 77.6% to $115.8 million.The table games drop, led by strong baccarat play, increased 27.8% to $609.0 million. In Vegas we had Slot handle increase 18.8% to $483.8 million. We are taking market share in Vegas from every competitor because we have the best properties. Its funny you say ” its another ten years before the E.U. Picks up again. We gamble in the US and in 2011 the average American spent 390 dollars on gambling. The average person in Spain spent 405 dollars and the average person in Italy spent 510 dollars. The people in the UK only spent 380 dollars but the people in Ireland made up for it they spent 580 dollars. Singapore is the best spot in the world because they spent an average of 1,170 dollars but we already have the best Integrated resort in the world in that location. You are right about Vegas getting 40 million visitors but the EU had 171 million visitors from all over the world vacation in 2011. The Europeans also get on average of one month paid vacation. Lets say we got 5% of the 171 million and they spent 1500 dollars average. That would be 8.55 million people and they would spend 12.825 billion dollars. I’ll take that. A European Integrated Resort would ramp up faster than anyone can imagine. The Integrated Resort would not open until 2016 and all of this “Crisis” would be gone. Remember when the stock price fell because of the BP oil spill. That 5% figure and the 1500 dollar average are so low its ridiculous because the average amount the Europeans spend is 125 dollars a day on vacations but they spend 14 to 24 days on vacation. Of the 73% of Europeans that went on vacation the average stay was 9 days. Its tough in Europe. Just some facts I thought I would add.
So what you are saying is if you have 9 billion debt and 4 billion cash that means you really have just 5 billion debt, even when S.A. him self says the cash is not going to be used for debt pay down or share buy back what should be work on now.Because the every day investors and the pros’s do not see it that way.You say L.V.S. has lost 1/3 price value because of market makers and margin calls in 6 weeks and i say it is same thing as last time,fear that a loss of income and high debt could cause big problems.May i remind you how this stock went from $140.00 to a $1.38 not to long ago. I know it is hard to tell a cheerleader anything because they will always try to put a spin on the truth.And one more thing L.V.S. has always said they are after the mass market and will take what V.I.P. they can.
Do not kid your self it happened before it can happen again . S.A.
said him self last time they where not prepared, are they this time.
Cliff I will address your concerns in random order. First when the stock was at 140 dollars a share they had around 300 million shares and now its over 800 million and I would be pleased if they split the stock 2 for 1. Altria Group Inc. (MO) is a sin stock that has revenue of 16 billion and we will be at 16 billion before you know it. They have over 2 billion shares and the product growth will never be what LVS will be. They will be lucky to still be at 16 billion when LVS is at 30 billion. Now the other part of your worry is the debt and net debt is 5,788 billion and going down. When they build in Europe the debt will not go up as much as I wish it would. The interest rates Adelson gets are so low why not borrow. By 2014 LVS will have 8.551 billion dollars in Cash and far less debt. They have 5.788 in net debt and Disney just spent 1.3 billion on one cruise ship, so I think anyone that is worried about debt is not understanding investments. The only people that lost one third in this pull back are those that bought at 61 and sold at 42 and I know you are to smart to have done that. The last point I would address is the idea of a cheerleader . That’s someone who leads the cheers by spectators at a sporting event even if its a losing team. On a message board like this I don’t think of what I do as cheerleading for two reasons. The first is I am giving facts not opinion which is cheerleading in reverse. Second I am talking about a winning company that is the equivalent of a team that never lost a game, I’m just giving the statistics. I follow Warren Buffett’s rules and invest in company’s that have businesses that are hard for the competition to get into with increasing revenue. If you follow that logic LVS is the best stock along with APPL and a few others that I own.
Cliff I thought you said you owned shares in Las Vegas Sands? Now you say “Do not kid your self it happened before it can happen again . S.A. said him self last time they where not prepared, are they this time”
WOW If you could say something like this you must want to create doubt. Make an investor think that LVS could go into bankruptcy. Any investor that owns shares in a company that would say that would have to be able to back it up with facts. What facts do you have ? You sound like a reverse cheerleader wanting the team to lose. You have been on this board for a long time so I know I am not reading your post the way you meant it. If you look at the facts I have posted you can see they are going up in share value in July and investors will be happy. The revenue is giving them more money every month. I can post some more facts from the financial statements if you like but LVS is doing great.
I own my shares and first bought in at $1.50. That does not change what is going on in the world today.We where up to 12% unemployment and that would tell you 88% of the people where doing fine yet people where not spending money in Vegas for to years, and if you do not think that can happen again you are wrong. I can jump up and down with pom poms and that will not help.You can spin like some of the other party at 60$ people on the yahoo board but that don’t make it 60$.Even your buddies on the other board think now is not the time for Spain, whats the hurry.
If you do own shares it is not a bad thing to say what you see.You talk like if some one says what they see it will hurt the company,while i think if enough owners say something maybe they will give it more thought.
Cliff you are jumping up and down with pom poms, you are just saying the stock could go down. Give me some facts. The fact is with 8.2% unemployment in the United States LVS had an adjusted property EBITDA increase of 77.6% over last year in Vegas. The fact is even if China slowed growth to 5% LVS has new casinos in Cotai Central that will take market share from the other casinos to continue growing profits. Cliff we have 5 or 6 people that have posted on this message board in a year and you think what you say will change the direction of a 32 billion dollar company. Warren Buffett does not tell people how to run the company’s he invests in. He knows they are the best. Sheldon Adelson has found the best minds in the business and when he got the wrong ones he fired them. Again just the facts. Try to think of investing without the noise you hear from the media. The stock goes up because everyone knows Adelson is bringing in more revenue than any other company. The analysts that write about LVS study everything about the company and they have 22 strong buy or buy ratings on the stock. The stock goes down on rumors that are unfounded. No facts to back them up. I want your opinion but please give me the facts to back it up so I can decide if you have found some information that will help me or if you are just bashing the stock.
Fact is l.v.s. lost 1/3 its value in 6 weeks and you still have not told me a good reason. And as far as do i own shares i am willing to prove what i say, are you willing to make sizeable bet.
AND THATS FACT
Cliff I did not bet on LVS I invested in the company on March 9th 2009. The stock is down on a rumors that LVS will not have a good second quarter because of a China slowdown and the facts will prove they are wrong. The fact is the first 17 days of June in Macau are up over 18% and that will drive the stock price higher. This is not the first time they dropped the stock 20% on rumors. I have not read any posts that you “prove what you say” , just regurgitated media noise and I say that with all respect to you because I know this is the way the investment world thinks now. Its not the way to invest. Most people that do well at investing hear people that regurgitate media noise and walk the other way. Why bother to point out facts when they are having so much fun regurgitating media noise. I just think that knowledge is power and the facts about LVS will be better for investors so that is why I post.
Every thing i said about L.V.S. near bankrupt is fact unless you can show me it is not. To much debt not enough income.I am not saying that is what is going to happen but it could if the debt gets to big and income gos down. I like how you dance around every thing i ask and you do not answer.
Cliff you are starting to sound foolish. I wonder if you have read the financial statements for Las Vegas Sands. They had the biggest record profits of any casino in history in the first three months of 2012. They had EBITDA of 1.07 billion dollars. No one that reads your response will think that I am dancing around what you say. They just think you don’t get it. I have told you about debt,earnings, and that by 2014 LVS will have 8.551 billion dollars in Cash and far less debt.
One more time i will try to get my point across to you and then you can talk to the yahoo buddies. Do you have a crystal ball for future E.R. and not keep telling me past . I did not think so.
This is what i do not like about cheerleaders. When bad news comes out about a company they will not post it or want anyone to talk about it ,They think they should not be aloud to post on this site.
I like to know what could make share price rise but also fall.
MY MY MY
This is the story of Mr. Steven Craig Jacobs, Steve served from 1994 to 2008, as the President and Chief Executive Officer of Vagus Group Inc. (“VGI”). Through VGI, Mr. Jacobs assumed a variety of senior executive roles in companies including at Louvre Hotels, U.S. Franchise Systems, Hyatt and Best Western International. He served as an Executive Director of Sands China Ltd. from August 18, 2009 to July 2010. Mr. Jacobs was fired for lying and mismanagement. In a little over 10 months he managed to mess up the best job he ever had. He has not worked in over 2 years and is hopfull he will not be sued to take the money he has left. As other unqualified, inadequate, unfit and incompetent people in this world he will just blow away.
Like i said before only the good part of the story, not to say the rest of the story is true because we just do not know.proves my point.Most of the time when people think they do know it all they are the incompetent people.
Just to fill everyone in, prostitution is legal in Navada,Macau,and Singapore. Its a cultural thing. It is a disgusting practice and objectifies women. It is a fact that company’s must take into consideration. If the society allows it how do the corporations that operate in those markets deal with it. LVS knows how to deal with prostitution at the Sands Bethlehem they call the police. In some markets it is harder and they must work with the officials in that area. Have you ever seen a pamphlet in Vegas with a girls picture advertising have fun in Vegas. What happens in Vegas stays in Vegas. We can get all high and mighty and thump our bible’s but Macau and Singapore are working with the problem just like Vegas. Learn more about an investment other than EBITDA.
There you go CP like my self doe’s not mean you are a hater or are trying to bring down the company for telling the entire story. By the way i do think L.V.S. will do better than expected on E.R.
With June’s revenue of 2,920.65 Billion dollars Macau’s six casino license-holders had market share for June of:
SJM Holdings Ltd. (0880.HK) with 30%
Las Vegas Sands Corp. unit Sands China Ltd. (1928.HK) with 22%
Wynn Resorts Ltd. unit Wynn Macau Ltd. (1128.HK) with 17%,
Melco Crown Entertainment Ltd. (MPEL), with 13%
Galaxy Entertainment Group Ltd. (0027.HK) with 10%
MGM Macau, (MGM) with 8%,
It should be noted that of Macau’s six casino license-holders two ,Wynn Resorts and MGM Resorts downgraded their full-year growth targets and warned of lower quarterly earnings .Las Vegas Sands is the only casino operator expanding the number of rooms and taking market share from the competition and the numbers continue to show it.
In the first six months Macau did 18,616.13 billion dollars and they are pacing 37.232 billion for 2012 ,with the last six months predicted to be higher, the 40 billion for 2012 should be within reach.
If LVS averaged 20% for the year, of just the 37.232 billion that would be 7.5 billion so 8 or 9 billion is not out of the question for LVS just in Macau. Add in Singapore, Vegas and Bethlehem and we will do just fine. LVS could do in Macau what they did at all the properties in 2011. JMHO
Sorry those are the wrong figures and still not the final.
LVS at 19.2% (vs. 16.5%),
SJM at 25.6% (vs. May share of 30.0%),
Galaxy at 22.0% (vs. 20.1%),
MPEL at 12.9% (vs. 12.1%),
WYNN at 11.4% (vs. 11.1%)
MGM at 8.9% (vs. 10.2%)
Macau casino revenue slips.
Government data showed that gambling revenue in Macau, the special Chinese gambling enclave and the world’s fastest growing gambling destination, was weaker than expected in June. Revenue rose 12.2% to $2.92 bil. Analyst outlook was for 15% growth. Las Vegas Sands (LVS), MGM Resort (MGM), Wynn Resorts (WYNN) and Hong Kong’s Melco Crown Entertainment (MPEL), among others, have built multibillion dollar casinos there in recent years. Melco Crown shares fell 3.8% to 11.08. Sands fell 1.2% to 42.97, MGM fell 1% to 11.05 and Wynn fell 1.5% to 102.15.
These are the market share numbers and SJM is dropping in market share so I think that story will continue. The real story to me is Galaxy and Las Vegas Sands.They say the numbers where distorted by a typhoon that hurt visitation and the EuroCup caused noticeable disruption because 150 million television viewers watched the games in China . All these things are interesting but it’s always market share and the final amount that goes to the bottom line. SJM was down 4% and Galaxy was up 2.9% but we won’t know what the bottom line was for a few more weeks. We know LVS did $459 million in Macau in the first quarter of EBITDA and Galaxy did $284 million in EBITDA in Q1 so clearly LVS keeps more of the money they take in or pay less to get market share. Cotai Central opened in April and gained 1.6% in May and 2% in June YOY so they are bringing in revenue and this will come up at the next conference call.
LVS at 18% (vs.May 16.5%), up 2.5%
SJM at 26% (vs. May 30.0%), down 4%
Galaxy at 23.0% (vs.May 20.1%), up 2.9%
MPEL at 13%(vs.May 12.1%), up 0.9%
WYNN at 12% (vs.May 11.1%) up 0.9%
MGM at 9% (vs.May 10.2%) down 1.2%
I see market share posted 2 times
already and can not figure out how you can get an accurate number till earnings are in for all the companies and divide in to total amount taken in by all of Macau.
Then you will know true market share.Till than its just speculation.
Market share numbers are from the casinos reporting to the government. The bottom line EBITDA is really the question but think about this.
LVS will make 8 to 9 billion in just the Macau market in 2012 and then 10 to 11 billion in 2013 and then 12 to 13 billion in 2014 well you get the picture and those figures are conservative. If Macau only did 40 billion a year for the next five years that would be 200 billion. Lets pretend that LVS wont get 40% or even 30% lets pretend they only get 25% that’s 50 billion dollars. All of that is without adding in increased market share in Singapore, Vegas, and Bethlehem.
Of the more than 12,000 public companies traded in the US, there are only six with the combination of a market cap over $10 billion, a 2011-2013 revenue compound annual growth rate of more than 20 percent, and a 2013 estimated free cash flow yield of more than 8 percent. Those companies are Apple, Las Vegas Sands, NetApp, Baidu, Ensco and Vertex.’
AAPL Revenue is 127.84B and comes from marketing mobile communication and media devices but how long to get to 639.2 billion? Over the last three years the stock is up 625%
LVS Revenue is 9.41B and comes from operating various integrated resort properties but how long to get to 47.05 billion? Over the last three years the stock is up 3,000%
NTAP Revenue is 5.96B and comes from networked storage solutions but how long to get to 29.8 billion? Over the last three years the stock is up 250%
BIDU Revenue is 2.30B and comes from Internet search services for China but how long to get to 11.5 billion? Over the last three years the stock is up 800%
ESV Revenue is 2.84B and comes from offshore contract drilling but how long to get to 14.2 billion? Over the last three years the stock is up 100%
VRTX Revenue is 1.41B and comes from commercializing small molecule drugs but how long to get to 7.05 billion? Over the last three years the stock is up 50%
Each of those stocks are great stocks and the arbitrary numbers on future revenue was set at 5 times current revenue. That to me is the question you need to ask. How reasonable is it that the stock’s you pick will grow revenues. When you narrow the list from over 12,000 stocks and have an understanding of the 6 stocks left, you can decide which ones to buy. Apple is estimated to be at over 600 billion in revenue by 2015 and due diligence would give you an answer as to what you think that stock can get to. Each of those stocks has a high cost to entry which makes it harder for the competition to catch up to the market share they earn and keeps profit margins high.
In the first quarter Sands China had the highest EBITDA market share of any of the casinos in Macau at 27% and no other casino was even close. What that means to an investor is even if SJM had 26% market share in the second quarter they may only keep 15% and LVS with 18% could keep 27% so we will not know the impact of the market share numbers until we see the amount of EBITDA that each company posts. The second place casino for EBITDA market share was Wynn Macau at 10% less in the first quarter with 17% and they are paying more to hold on to market share so the percentage will be less. Gallexy Entertainment was at 16%, SJM at 15%, Melco at 14%, and MGM at 11%.
Do you know your stocks and invest for the future ? Tell me what stock this is. They had 13.93 billion in revenue in 2005 and on July 14th 2005 the stock sold for 40.75. From January 6th 2005 when they sold for 32.28 to the end of the year when they sold for 74.98 they went up in value. They then had a 30% pull back and over the next 6 months they dropped to 50.67 on July 14 2006. What company is this ? If you could buy a stock for 40.75 or 32.28 that would have higher revenue in 7 years that would be the company I would want to invest in. If that company could increase revenue by double in 5 years I would think that would be good to go from 13.93 billion in revenue to 27.86 billion. If you told everyone that the revenue for this company could go to 100 billion they would call the men in white coats to bring you a long sleeved jacket.
I told you all this to talk about growth. Las Vegas Sands is at 43 dollar a share and the revenue was at 9.5 billion in 2011 but in 2012 they will do over 12 billion. Cotai Central, and The Venetian Macao, in Macau and the Marina Bay Sands in Singapore are the reason’s. These locations in the next few years will soon bring in 20 to 30 billion dollars. The growth in Macau and Singapore are off the charts. Las Vegas Sands has two Iconic casinos in Las Vegas the Venetian, and the Palazzo resorts , but the revenue in Vegas is under 7 billion and the chance of that going to 8 billion any time soon is not that great.They are still getting more market share so they will do better than the competition but Vegas revenue will have a slower climb. The chance for the Asian market to double is not even in dispute. China is building a bridge from Hong Kong to Macau just to support the casinos for 10.7 billion dollars. They are building out the transportation needs with boat terminals and trains just to increase the number of visitors. When they finish more rooms on Cotai Central the government will open the gates 24/7 and this will increase the visits by 75%. Singapore is building 10 thousand hotel rooms in downtown Singapore because Adelson’s Marina Bay Sands is completely booked and they have 2,561-room’s with 500 gaming tables and 1,600 slot machines. They have also built a Cruise Ship terminal to increase visitors and located it near the resort plus a garden exhibit they spent 1 billion dollars on next to the Marina Bay Sand that will bring in 5 million visitors a year. The revenue in Singapore is greater than Las Vegas and Vegas has over 40 casinos.
They estimate LVS will garner 40% of the total incremental EBITDA created in Macau through 2013 and Macau could do 40 billion in 2012. Adelson will build his dream Integrated Resort in Spain and it will bring in 10′s of billions of dollars every year. I don’t want to talk to the men in white coats but in 7 years LVS could be at 100 billion in revenue.
Oh the company that had 13.93 billion in revenue in 2005 made it to 127 billion in 2011 and they think it could go to 300 billion in the next few years and you could have bought AAPL at 32.28. I was not in love with AAPL in 2005 but I am very happy I did not sell on a 30% pull back. I believe in the future revenue of AAPL and LVS.
Tougher Singapore Casino Rules May Impact Sands.
Singapore, one of the world’s top gambling destinations, is taking actions to tighten regulations on its two casino resorts.
Tightened rules could impact Las Vegas Sands (LVS), which operates the Marina Bay Sands.
A statement on the Singapore Ministry of Home Affairs website said the country plans to amend the Casino Control Act to enable regulatory agencies to levy fines of up to 10% of gross gaming revenue on casinos for infraction rules. The top fine today is $788,500.
The proposal comes a month after Singapore added 15,000 more Singapore residents to its list of people banned from the city-state’s two gaming resorts, bringing the total to 28,000 who are bankrupt or depend on government assistance. Restricting the number of visits by Singapore residents is designed to keep locals from becoming addicted to gambling.
The government said it will accept citizen comments on the proposed rules for a month beginning on July 6 before finalizing them.
The move comes amid increasing competition among the world’s gambling hot spots for gaming dollars, including Las Vegas and China’s special gambling district Macau, the world’s largest gambling destination.
L.V.S. Is learning the hard way that most of the foreign governments will not let you come in and make to much money.They will change the rules they came up with to limit success any time they feel like .Macao and Spor. are both in the middle of this as we speak, and Spain will do the same so those who think earnings will go to the moon are mistaken. There is an idea build a Vegas on the moon ,no taxes no limit on what you can make and who can come to your place.
Well again we need to ballance things with the facts. The rules Singapore wants to change have always been in Adelsons and The Marina Bay Sands favor. It effects 26,000 people out of 5 million and the new rules will bring the total to 28,000. Singapore will charge its people over 140 million dollars to get into the casinos plus a tax on the Marina Bay Sands so they are doing very well. If you look at the training videos for LVS you will see they take gambling abuse very seriously. They would never let that happen and Singapore knows LVS is doing a good job.
Do you think Singapore would spend 10′s of billions of dollars to support an Iconic building like The Marina Bay Sands and then fine them. That would be like the US posting a fine on the Statue of Liberty.
Macau is spending 100′s of billion’s on all the projects they have to support gambling in Macau because they want 100 billion in revenue in Macau and I think LVS will get 40% of that. Do you think China would spend 10.7 billion on a bridge to go from Hong Kong to Macau if they thought they would not have a return on investment. Think about this China will get 40 billion of legal gambling in Macau but they have 600 million in illegal gambling in Mainland China.
With regard to Jacobs. Adelson takes the advice of his people when he feels it is right. The men that said they got Adelson the license in Macau just got paid off and he was against it but his people said they thought it was best and Adelson said go ahead. If you think Mr Adelson is afraid of what Jacobs would say about a policy on prostitution in Macau just think of what Miriam would say if he had that policy. LOL Adelson said:
There’s a clinic known as the Adelson Clinic that treats prostitutes and drug addicts. We take prostitutes off the street. We have one clinic that we started almost 21 years ago in Tel Aviv and we have about are 350 patients there. We have another Clinic in Las Vegas with almost 200 patients. My wife is there today signing up another 100 people… And even in Macao we set up a clinic to treat prostitutes and drug addict. It’s not called the Adelson Clinic but we taught the health department to do this.”
The thing he said about Jacobs that I liked the most was :
“When the time comes I’ll extract what’s due.”
Singapore and Macau are very happy with Adelson and other world leaders see that and want him to use his template for the Marina Bay Sands in their county’s. They don’t want to hear about a Disney World, New Zoo or even a regular resort. This is a world trend and is not connected to a TV show like Disney was in the 60′s. This is connected to 11 million millionaires in the world that are now going on vacation 2 to 3 to 4 times a year.
The last interesting thought I wanted to throw in is Singapore is worried about the citizens gambling problems and thats OK. They have no problem charging the citizens a tax on the car’s they drive so a Toyota Camry costs 141 thousand US dollars. They don’t tax in other ways so that is why they have 200 thousand millionaires now and they will have 400 thousand millionaires in the next 2 years. I wonder if Singapore will fine the casino if one of the 400 thousand millionaires dumps 200 thousand on a bet.
This is my favorite picture of The Marina Bay Sands. Makes good wall paper for your computer.
Sorry I said 600 million in illegal gambling and it is estimated that 600 billion is wagered in illegal gambling in Mainland China.
Well i see we should never read what comes out of Macau or Spore government or any analyst unless cp says it is true.. By the way when he writes so much i get about half read before i fall asleep.
I always find it odd that Investors can put hard earned money into a stock that they have done hours,days, weeks, or months of due diligence in, and then question their research. They listen to the first person that has no investment in the stock that writes for some Internet company that wants to sell ads on the Internet, put a negative spin piece of news on that company. We love to worry and they know it. We fill our minds with 80% negative thoughts that will never happen and they manipulate that. They will spin the story positive when it serves their purpose. I am just like everyone else and I fight to keep those negative thoughts out of my mind. I know all the properties will bring in more money because Mr Adelson has shown me in the past with real facts and figures. He said he has had no wrong doing’s in the company and I have seen none in the past. When the other CEO’s talk he takes action and makes things happen. He is honest, pays his bills and he is generous to a fault. He is on the right side and those reports are opinions on what a writer twisted to fit his needs. I think I can keep Investing in LVS. I am sorry if my writing is narcoleptic. I will try and do better.
By the way your numbers on restricted gamblers is wrong it should be 15000 more and what is important about this is they are talking about raising the fine to 10% or annual gaming income which they have been fined for in the past.Spore is also talking about raising taxes.So once again if you are going to post ,post the all of the storey and not just what you like.That is why the yahoo boys do not respond to you.
When you invest in a company you have to consider every thing that is wrote about them or you can not have an accurate picture and putting your head in the sand is not going to make the negative go away ,it just will not work.
ANGIE posted “bring the total to 28,000 who are bankrupt.” My 26,000 was from another report. The 10% is not in effect and I am not worried about it. Michael A. Leven has said, we don’t want to take advantage of the poor or those with gambling addiction. That’s not our customer. The 10% fine if it is put into law will be dealt with. I am an investor and I trust Sheldon Adelson.Simple.
L.V.S. Has asked to postpone parcel 3 .I guess there eyes where bigger then there belly.
Can you post a link to that information ? Thanks
Its OK I found it. parcel 3 is not posponed they are waiting for an extension.
It’s “almost certain that the company will get the extension,” Govertsen said.
The company was initially required to complete the development by August 2011 and the Macau government has already given it one extension, according to the regulatory filing.
“There may even be some upside surprises if Sands manages to finish the Parcel Three project by 2016,” said Govertsen.
Months ago i said now is not the time to build more casinos and since then L.V.S. backed out of MASS, gave up on lots 7-8 and postponed lot 3 and now all we need is to put Spain on hold.Now is the time to pay down debt and buy back shares and we will see this stock move again.Then you will see the sheep say yes this is a good idea.When Spain is put on hold my faith in management will be restored.
LOL Las Vegas Sands has not backed out of lot 3. They are in the same spot they where in the past. They will build on lot 3 and they may open 3,600 rooms at the same time WYNN opens 2000 rooms on his lot in a corner of Cotai. They will get the extension and finish the project. That was a reporter twisting the story to sell adds on the internet. Las Vegas Sands did not back out of “MASS” they have that market covered with Sands Bethlehem and doing very well thank you. You have my compleat understanding on Spain because I know people are fearful of what they don’t understand. Adelson has my complete faith because he has always made the right decision.
What low interest loan would you like them to pay off. We will have over 8 billion in cash in the bank next year and less debt. With out an expansion project we will have Zero Net Debt. Nothing just cash in the bank and some low interest loans. If you had a 100 thousand 3% loan on your house and 100 thousand cash in the bank what would you do. Think about these things when you invest.
Postponed or extension now we are just splitting hairs.Anybody who can think for themselves and do not have a case of hero worship can see the can is being kicked down the road, and that is a good thing. We do not need to many projects going at once. Lets pay down debt and buy back shares.
July 12, 2012, 11:36 a.m. EDT
Nevada gambling revenue down sharply.
Nevada’s gambling revenue fell sharply in May as declining volumes at both table games and slot machines cut into the take of the state’s casino operators, the Nevada Gaming Control Board reported Thursday. Revenue statewide fell 10% to $885 million while the Las Vegas Strip, which accounts for more than half the total, slumped 18% to $475 million. The news helped drag down shares of gambling companies with MGM Resorts MGM -3.77% , Las Vegas Sands LVS -4.56% and Wynn Resorts WYNN -3.37% all down about 4%.
July 12, 2012, 11:36 a.m. EDT
Nevada’s gambling revenue fell sharply in May as declining volumes at both table games and slot machines cut into the take of the state’s casino operators, the Nevada Gaming Control Board reported Thursday. Revenue statewide fell 10% to $885 million while the Las Vegas Strip, which accounts for more than half the total, slumped 18% to $475 million. The news helped drag down shares of gambling companies with MGM Resorts MGM -3.77% , Las Vegas Sands LVS -4.56% and Wynn Resorts WYNN -3.37% all down about 4%.
This is the link: http://www.marketwatch.com/story/nevada-gambling-revenue-down-sharply-2012-07-12?siteid=msn
In the article i was reading Blomberg it said Sands China in talks to delay parcel 3 and if that do’s not mean postpone i do not no what else it could mean.
If gaming slows we will not have 8 billion in the bank and we will not have the 4 billion we have now.
Just what do you think holds down share price for 2 YEARS. TELL ME
The U.S. is headed towards financial Armageddon.
We’re heading at a breakneck pace towards an inevitable financial meltdown thanks to…
A Ponzi Scheme
STATE OF NEVADA
STATE GAMING CONTROL BOARD
GAMING REVENUE REPORT
MAY 31, 2012
MAY 31, 2012
MAY 31, 2012
The report link is here:http://gaming.nv.gov/modules/showdocument.aspx?documentid=6225
I have owned 5 homes in my life, the first was paid for in 5 years and the rest i paid cash for so that means no interest.You at 63 more than likely are still paying on your house but you are the smart one. OK
This is my last reply to my stalker. Half the facts and figures he can not even get right or complete. He was not smarter than the yahoo boys and he is not smarter than me.
All I am saying is the message board should be fun and give everyone a chance to post a point of view. Trying to be positive about a stock and report facts is important. Reporting every bit of bad information with every link that can be found is not as helpful as it should be. I will try and let the negative posters post with out a response.
If you are looking for a stocker you have 57 posts on this board in 12 months. I feel a truce is in order and I will defer to your analysis. My only point with a 100k loan at 3% was that Las Vegas Sands was like a 1 million dollar house with a 3% 100k loan and 100k in the bank. I think if the 100k loan was paid down at a low rate and the 100k cash in the bank was added to that would be better. I would never question your ability to buy and sell me many times over.
The biggest half truth on this board is L.V.S. has only 5.788 billion debt when in fact sands china also has 3.41 billion debt, So that brings the total to 9.852 billion debt. Since L.V.S. owns
70% of sands china who do you think this debt belongs to.That’s like saying your wife has 100000
and you have 200000 debt i got news for you you have 300000 in debt no mater how any body tries to spin it.So when somebody tries to tell you how much debt L.V.S. carries you can google it for the truth.I could point out more half truths but people are going to believe what they want.Truth is if one company gos down the other will follow close behind.
China reports slowest growth rate in 3 years.
By Ed Flanagan, NBC News
BEIJING – China’s economy grew at its weakest pace in three years, the government reported Friday.
According to the National Bureau of Statistics, Gross Domestic Product grew at a 7.6 percent rate in the second quarter of 2012, down from a 8.1 percent pace in the first quarter and marking the sixth consecutive quarter of slowing growth on the mainland dating back to 2009.
The data were in line with official government projections for the quarter although they serve as another reminder that China’s economy is slowing faster than the government had hoped.
8 billion in cash in the bank next
year show me the link that L.V.S.
says this or is this from the crystal ball. I CAN POINT OUT MORE BOLONEY IF NEED BE.
How MANY TIMES HAVE YOU POSTED ON THE YAHOO BOARD IN THE LAST 12 MONTHS ,I BET MORE THEN 57 because i see your name all the time .i HAVE NOT POSTED 1 TIME EVER BECAUSE THE TIPE OF PEOPLE THERE.
Talk about being a stalker tell me who counts how many times someone has posted,you need to find some thing to do that will not upset you so much.
This is too much.You never post a link to your facts. With all due respect you need to read the figures on this link. You are so far off on your figures its embarrassing. You are making a spectical of yourself.
I said in 2012 LVS will have 4.9 billion in cash in the bank and 2013 LVS will have 6.1 billion in cash in the bank and in 2014 LVS will have 8.5 billion in cash in the bank.
You will find that information on page 27 of this report. I never said 8 billion next year.
On page 24 you will find the Total debt and the Net Debt that I quoted. If you have a problem with my source just post your report.
This is my Crystal Ball
Cliff with regards to investing. I don’t ” google it for the truth ” I read financial statements and the facts you ‘Google ” just don’t match the truth. I don’t think you will believe anything I say so this is my idea. Call Ron Reese (702) 414-3607 with Investor Relations for LVS and ask him how much cash Sands China has in the bank and what relation that is with Las Vegas Sands. I don’t want to make you look foolish so this is a good way to work things out. Thanks again for your response.
Angie I love the name. I read all your posts and they do provide information to the board. I like your idea of buying Las Vegas Sands when the stock is low and selling when the stock is high. That’s not unique I know but at least it is a strategy. So many investors will buy an option and then in the case of a put they will try and scare investors into selling to move the stock lower. The problem is message boards don’t have a lot of readers that take action to buy or sell based on what is said on a message board. I like your posts even though they point out negative trends because even though they may be negative they are not flat out lies. I have read posts on different message boards that say sell a stock because Las Vegas will run out of water or they have a bad smell in Vegas. These are just crazy things people put on message boards. Your posts are just a different point of view.
GOOD NEWS “PARCEL 3 APPROVED”
Macau government will now give the planned casino-resort known as “Parcel 3,” which will be connected to its flagship Venetian Macao property approval.
Las Vegas Sands Corp.’s (LVS) Macau unit said Monday that the local government has given it a three-year extension to complete a key project in the world’s largest casino gambling hub, a boon for the company’s development plans.
Sands China Ltd. (1928.HK) said the Macau government will now give it until April 17, 2016 to finish construction of the planned casino-resort known as “Parcel 3,” which will be connected to its flagship Venetian Macao property.
The casino operator was initially supposed to finish the project by August 2011, received an extension until April 2013 and then applied for another extension earlier this year.
Had the company not received the government’s approval to continue construction, it could have lost its land rights to the area and the $96 million it had already invested in developing the land, according to Las Vegas Sands’s 2011 annual report.
You forgot to say how many times you posted on the yahoo board this year and also if i am wrong on total debt can you post the right numbers.
Cliff thank you for taking an interest in my life. Relationships are very important to me. I have posted on Yahoo but they only keep a maximum of 1000 posts on the record and I know I have posted far more than that. I also have done 264 articles on Seeking Alpha and about the same on Motley Fool as well as Investors Business Daily and Bloomberg’s.
I am interested in stocks and researching the people that run the company’s I invest in. I research about 5 hours a day and I have invested for 30+ years. I manage some portfolios but mostly I only handle my own now because I want to cut down a bit.
I already posted the links above this post on net debt and total cash. I still say call Ron Reese at (702) 414-3607 with Investor Relations for LVS and ask him how much cash Sands China has in the bank and what relation that is with Las Vegas Sands. Thanks for the response.
I saw you posted 8 times that i saw Monday and how the guys got on you for talking more baloney,
No respect on yahoo or L.V.S. site,brutal.Talk about looking foolish. I almost felt bad for you.
I have a friend that invited me to go golfing and I went to the golf club and meet him. It was one of those gated communities with multi million dollar homes and a fantastic club house. As we got ready to go out on the course I asked him what it was like to live at this fantastic community. He told me that everyone that lived at the community had been CEO’s or they where active CEO’s in the company’s they owned. They had lots of doctors and professional people but the feeling I came away with is they all had buckets of money. He told me he had an open account at the fancy restaurant at the club and entertained clients, business people, and family, 4 or 5 times a week. He said he was at the club almost 200 days a year and lots of the other residents did the same thing.
It got me thinking this must be how millionaires live. They had 60 or 70 homes so I guess they had 60 to 70 millionaires. Since I research stocks I started thinking about the number of millionaires that are moving to Singapore. They have 200 thousand millionaires now and another 200 thousand millionaires coming over the next 2 years. I thought the Marina Bay Sands will be the club house for 400 thousand millionaires and if they visited the Marina Bay Sands 200 time a year like my friend that visits his club house, that would be a lot of visits. Lets see if I multiply 400 thousand millionaires times 200 carry the zero over and add the wow that’s 80 million times they would visit. If they spent 1 thousand dollars each time they went that would be 80 billion dollars. That would never happen. What if they only get half to go and they only go 20 times a year and they still spend 1 thousand dollars. That would be 200 thousand millionaires times 20 carry the .. and add.. times 1 thousand, we get wow. That’s 4 billion dollars. I wonder if they would spend more than 1 thousand dollars ?
I do not want to know how much cash .You said on this board i was wrong on total debt for L.V.S.
BUT I CAN SEE YOU DO NOT WANT THOSE NUMBERS UP HERE. Then what i said almost 10 billion in debt must be pretty much on.You make your self look very foolish by talking like you know every thing but you will not correct my numbers.I think the guys on yahoo are right about you.If you put the true numbers up Ron will not get mad at you.
Cliff lets walk through this because you will not call Ron Reese at (702) 414-3607 and I want to try and be of some help.
Go to any financial site and type in (1928.HK) That will give you Sands China. We will use Yahoo because you say I am on that site all the time and you are right.
Now go to Key statistics and press that link. Go down the page to Total Cash and you will see 2.49B now lets remember that part of that 2.49B is in the figures for LVS because LVS owns over 70% of Sands China.
Now look up Total debt and you will see that’s 3.41B and 70% of that is on the debt of LVS
Now comes the hard part, you need to subtract the two to get Net Dept. We take 3.41 B debt minus 2.49 B cash gives you 920 million in Net Dept and 70% of that is on LVS books and the rest is on Sands China.
If you want to show me how you figure the figures or someone else can post more information I think that would be great. That’s what Message board’s are all about. You have obviously made a great decision in buying LVS so any better understanding of the stock will only help us both.
Cliff NET DEBT is listed on page 24 of this link and it is $5,788.3 billion and being paid off every month.
The people that thought Lot 3 was dead and said “Blomberg it said Sands China in talks to delay parcel 3 and if that do’s not mean postpone i do not no what else it could mean.” Believed in Bloomberg and I am telling you that Bloomberg’s sell’s ad’s and they do not invest.
My Crystal Ball will soon be updated. Las Vegas Sands will give out another Crystal Ball for free on Wednesday, July 25, 2012. The company will host a conference call to discuss its results at approximately 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) on that same day.
Cliff I should have said Net Debt is being paid “down” every month. I did not mean to confuse the issue.
Cash in the bank and total debt are two different things. Until they take that cash and pay that debt that debt remains. You can spin and dance all you want you still have not posted total debt .
One more spin you put on things i did not say lot 3 was dead your words or spin to make me look wrong.I said postpone and it was for what ever reason .You just make your self look foolish changing what people say, because you think it makes you look better.The people on yahoo have your number and so do the people here.
WYNN came in at $1.37 per diluted share, . The VIP was down for WYNN by 7.2% and that was his claim to fame. Steve Wynn has not taken advantage of mass market, and thats where LVS is adding market share, WYNN had a decrease of 2.7% in mass market because it went to Las Vegas Sands.
Wynns Slot machine handle declined 22.1% because WYNN has 939 slots and the mass market moved to Cotai Central because Las Vegas Sands has 3,547 Slot Machines. I guess with Steve not getting in the mass market game it hurt his bottom line. I don’t think adding a pool will help but he has a casino that will open in 2016.
In Vegas WYNN had a 38.3% drop in Adjusted property EBITDA year over year and it shows he is frantic to hold on to market share. He spent a lot of money to get the players. My take is that almost 40% drop is because LVS is taking market share from WYNN in Vegas.
In Macu WYNN had Adjusted property EBITDA in the second quarter of 2012 was $302.2 million, down 3.9% from $314.3 million in the second quarter of 2011
In Las Vegas Adjusted property EBITDA of $81.9 million was down 38.3% versus the $132.7 million generated in the comparable period in 2011 for WYNN.
EBITDA margin on net revenues for WYNN was 23.7% in the second quarter of 2012 that’s down 10.3% Year over Year.
WYNN currently has 504 tables (290 VIP tables, 203 mass market tables and 11 poker tables) and 939 slot machines.
LVS currently has 1,125 tables ( 403 VIP tables, 722 mass market tables) and 3547 slot machines. That makes them the master of mass.
That casino Wynn will open in Cotai should come on line with 2000 rooms about six months after LVS opens 3,600 rooms on Lot three.
I invite J.C. to call Ron and ask him what is the total debt not net or what the debt would be if it was paid down but the total debt. No spin no dance but total debt. And if you are right i will be the first to admit i was wrong.
Please post answer J.C.
This is a big deal: Chief Executive Fernando Chui Sai said in Beijing Monday that immigration and customs land-border checkpoints between Macau and Guangdong,for the time being the operating hours of the present checkpoints would be extended.
Currently, the Barrier Gate Macau-Gongbei checkpoint is closed between midnight and 7 a.m., while the Cotai-Hengqin Lotus Flower Bridge checkpoint is limited to daytime operations. These hours at the checkpoints would be extended.
When i say total debt i mean for l.v.s. and Sands China put together.Thanks J. C.
Wynn just reported an ok 2Qt. Steve Wynn explained systematically why the company was just doing ok! The analyists understood his explanation. Wynn after hours stock and LVS is higher.
LVS’s last quarter was spectacular and broke all records.
As I watched in horror, my cheers turned to sadness as my LVS of green turned to red. SA and staff managed to piss off the analyists and the world by not disclosing information that was only positive Sadly, we all have lost 20-25% of our future since then.
I only hope and pray that SA and management can take a lesson from Steve Wynn and appease the analyists and critics and just be nice to them and explain why LVS is truly the best. The time for jokes is not during our CC.
I am a long time LVS investor and I truly believe in LVS.
Good luck gentlemen. Our future is in your presentation.
Cliff you are an astute investor and your posts that say Las Vegas Sands has 10 billion in debt is posted on that link I already posted. The information is on page 24 and the total debt without subtracting the cash in the bank is 9.852 billion so you are on the money.
I knew if i asked J.C. to ask Ron, Ron would tell the truth and J.C. would tell the truth. If i called Ron and posted the number it would do no good.Also i agree with Steven 100% this is not the time for jokes but to sell the product.
Hey guys! You miss me! I’ve been out with family ISSUES (to say the least). I’m glad the discussions are still rolling on…… I dont know who CP757 is but let me tell him (or her) a little about our friend Cliff. Cliff comes across much more aggressive and anti-Sands then he really is. CP757 sounds a lot like me when I started posting on this site. Cliff is often negative, and also frequently dead wrong, but i don’t think he’s a fake or trying to tear down the company. I think he knows how the company as burned…almost WRECKED… from debt in 2008/2009 and so he’s super worried about debt. That’s understanble but it does blind him to the positives that CP757 is talking about…. That’s my view anyway….. Good to be back, boys!! But where’s Virginia??
Steven I understand your frustration. I own shares in Las Vegas Sands and I just want to let you know we all feel this way. What I will tell you is your post gives a clue as to the problem. You said Wynn just reported an ok 2Qt.
It was not OK Wynns Slot machine handle was down 22.1% in Macau. WYNN had a 38.3% drop in Adjusted property EBITDA in Vegas how can a 40% drop in Vegas be OK. Steve’s EBITDA margin on net revenues was down 10.3%.
Steve was as sad as I have heard him in the years I have listened and the market did not go up or down by what he said. The market does not go up or down on an LVS conference call based on what is said. You will not get thousands of people to buy millions of shares base on how the conference call was handled.
The reports that hit the wire after the call was WYNN made more profit and that’s not true. Today the reports read Wynn Resorts Lags on Both Lines. We will see how that effects the stock. I don’t own WYNN but I do own LVS and this drop is on the worry China is slowing and if you read my other post you will see the market share is going to Las Vegas Sands and we will be much higher on the 24th.
For questions about debt and other financial issues, please contact our investor relations department:
Media inquiries go to my department.
Kate I am a guy married out of college to the same girl with two kids and 5 grand kids. Cliff is super. I have no problem with Cliff. He sounds like he is a smart investor that as you say “he’s super worried about debt. That’s understandable but it does blind him to the positives” I like his posts because it lets me see how others see the stock. I used to have negative thoughts and what I found is they never happened. I deal with the negative’s that I get now and I would never have anticipated this drop in the stock. I have sold other stocks to buy more LVS at these levels but that’s all I could do. Some more sophisticated investor may have a better way but that was my idea. Good to see you back.
I grew up in the 50′s and 60′s and back then I remember we liked to get a tan. We would lay in the sun for hours and get brown and then pretend we had just been to Hawaii or we where surfers. That was a big deal for the family to go to Hawaii on vacation and we went a few times over the years. The other big deal was to go to Disneyland. Our family went the first year it opened and we drove down. I remember I got in line and waited to see if I was tall enough to drive the cars, that was fun, I was tall enough. Then when I was older and went to Vegas I had a different kind of fun. I got to see shows and drink and gamble. What happens in Vegas stays in Vegas.
I wonder if you asked the 311 million people that live in the US how many had been to Disneyland, Hawaii, or Vegas. I wonder what they would say. I wonder what the percentages would be. Would it be 20% of the 311 million had been to Vegas and 5% to Hawaii and 40% to Disneyland. I don’t know what the numbers are but it got me thinking, If that many people had had a common experience in the United States what was it like in China.
It turns out that in a report I read that China has a low percentage of the 1.3 billion people that go to Macau. The other thing I read about China is they like to gamble but because it is illegal in China to gamble they gamble in the same kind of way’s the people in the United States do illegal gambling. In the US we spend over 90 billion dollars on legal gambling but in China some reports are as high as 600 billion dollars is spent on illegal gambling because they have a billion more people and they all like to gamble. They like to smoke too.
China needs to build and expand and it is hard in China to collect taxes so they have decided to have legal gambling in Macau but they are just at the beginning of this growth. Just as we went to Disneyland, Hawaii, and Vegas back in the 50′s and 60′s the people in China are going to go to Macau. They won’t go for rides like Disneyland and they won’t go for the sun but they will go to gamble and that 2% will grow to 4% of 1.3 billion people. It might go to 6%. Gee 10% of 1.3 billion is 130 million visitors to Macau and they would make a lot of money. That’s funny Spain,Italy, and France gets 171 million visitors now. Macau gets 28 million visitors now and Singapore gets 14 million. Well I guess a lot of people are going to spend a lot of money on gambling and great vacations.
Hello to everyone. I got thinking about all this negative stuff
these people are saying about China. I do lots of research and I decided to do a report with just some facts about China and after you read it think about the investment Mr Adelson has made. I titled it.
Chinese Food in ” China Town ”
In the United States we have areas in many cities we call ” China Town ” and I thought I would try and find out if they have any “US Town” in China, and from what I can find, they don’t. As it turns out they have cities that contain areas of British, French, and American settlement but nothing like “China Town”. The people love western culture and buy our products and drive our cars. They eat at McDonalds, Kentucky Fried Chicken, and Pizza Hut. We go to China town in the US to buy food that we associate with China or Japan but its still American. We don’t really know what China is all about. We think we have the big cities in the United States and our cities are large. The top four largest cities by population in the United States are New York, with 8 million, Los Angeles, with 3.8 million , Chicago, with 2.8 million, and Houston, with 2 million, that’s 16.6 million from the four largest cities.
This year the number of people that will go to Macau to gamble will be twice the number of every man woman and child in New York, Los Angeles, Chicago, and Houston combined. What we don’t understand about Las Vegas Sands and the rooms they are building on Cotai Central is Macau only has 21,695 rooms . Can you imagine inviting twice the population of those top four cities to visit and only have 21,695 rooms. Las Vegas has 140,000 rooms and developers where screaming to add more rooms when they had 70,000 rooms.
Shanghai, is China’s most populous city situated on the eastern coast of the country. Its like our New York and is a sea port on the estuary of the Yangtze River. Shanghai’s population is huge with 23 million people. That number only includes what’s commonly referred to as the “permanent population.” An additional 9 million are what’s called the “floating population.” They’re the migrant workers and their dependents who drift in and out of the city, working in factories, on construction sites and in the service industry. The” floating population.” in Shanghai is larger than New York, our biggest city. Shanghai is larger than our top 4 cities combined. Over 1 million people in Shanghai will go to Macau to gamble in 2012 so you can see how big that market could get. Over 10 million people will go to Macau from Guangdong province in 2012. That’s almost as many people as the number of visitors to Singapore and a higher percentage of visitors to Macau gamble compared to the percentage of visitors that gamble in Singapore. If the people of China spent 2.5% of China’s GDP on legal gambling in 2012 they would spend 182.5 billion dollars in Macau and they spend over 3 times that now on illegal gambling.
The image Americans have of China is of a lot of poor people working in rice fields for low pay that can have only one child. The people of China are just like us, they have good jobs and they want cars and new houses and vacation’s. The Chinese government requires that employees get 10 days off for vacation from work every year. Just like in the US, China has holidays as well and for the 3 major holidays the country basically shuts down and everyone goes home (literally). Vacation time in China is family time, and the 3 holidays are, Chinese New Year , that lasts for an official period of 9 days, Labor Day (May 1st) that lasts for 1 week, and National Day (October 1st) that lasts 1 week. All and all they have it good when it comes to vacations.
The United States has 62 million cars on the road and China has modern freeways and all the modern bridges and roads like we have in the US but for 100 million cars. Its funny they have been growing the number of cars on the road by almost 30% a year for the last few years while the US has not done as well. They will need mechanics for those cars, and someone will have to sell batteries for them and windshield wipers, antifreeze,sparkplug’s, and floor mats. They have Buicks, Cadilacs and BMW’s. The Buick Excelle is China’s top selling car in 2011, moving 254,000 units. Thats one model and in 2011 Americans bought cars too, but the total lineup of Buick only sold roughly 178,000 vehicles in the USA by contrast. Coming in second in China was the VW Lavida, while the Chevrolet Cruze was third. GM and VW comprised 7 of the top 10 spots. The people of China are buying US cars. The Wuling Sunshine, a commercial van manufacturer in China, technically outsold the Excelle, with 731,000 units sold, but doesn’t’t count as a passenger car in the same way that a Ford F-Series is classified separately
An estimated 7 million new homes are built each year in China and the demand is increasing. By contrast the United States will do 760,000 homes in 2012 and we have the lowest interest rates in 35 years. If we could get to 1.5 million new homes a year that would create about 50,000 additional jobs a month so you can see what 7 million homes a year does for China. They are buying all the lumber they can get from around the world. The contractors are making billions of dollars on the trend, just like the United States did over the years but on a bigger scale. They need carpet manufacturers, window and glass manufacturers and all of this creates more millionaires that want to go on vacation. This is not “China may do this”, or ” when the economy picks up”, this is what they will do this year. This is what they are doing now.
The people in China love Mahjong, basketball, soccer, table tennis, billiard, badminton and card games. Everyone plays card games in China, all kinds of card games. Kids play card games at school. Businessman play cards on the trains on the way to work and if they get a chance they will go to Macau and play cards. One point three billion card players want to go to Macau. The inertia of what the Chinese government has put together is mind boggling when you think of the numbers. Because gambling is illegal in mainland China its estimated that the people of China gamble to the tune of 600 billion dollars a year nation wide now. Macau will do 40 billion in legal gambling in 2012 but the market is probably only limited by the number of rooms they can build in the next 10 years. I agree China’s growth trajectory is less, we all know you cant grow at 40% in Macau for ever but for now the growth in gaming in Macau is at the very beginning. China may be slowing down its growth trajectory but compared to the US they are a rocket ship.
Sorry this is a clarification of the number of vehicles on the road in the US and China. In 2012 China will sell 19 million vehicles and the United States will sell 14 million. The total number of vehicles on the road in the United States is 239 million. China saw its number of motor vehicles on the road hit 233 million at the end of June 2012 according to the latest statistics from the Ministry of Public Security.
Global economy in worst shape since 2009.
Six of the 17 countries that use the euro currency are in recession. The U.S. economy is struggling again. And the economic superstars of the developing world — China, India and Brazil — are in no position to come to the rescue. They’re slowing, too.
The lengthening shadow over the world’s economy illustrates one of the consequences of globalization: There’s nowhere to hide.
I think that Las Vegas Sands should not invest in Spain, is to risky, LVS, should not risk the money of shareholders in Spain, that country economy gets worse every day, have to be crazy to invest in Spain.
Let’s get ready, the price of the shares of LVS will soon be under $ 30, we continue to support the company, but the deceleration of the economy in the world is inevitable, every day the people have less money to play in casinos. McDonalds is an example how bad is the economy in the world.
Everything about the economy in the US and the rest of the world looks very bad
The US Postal Service can’t deliver payments.
As Congress bickers over the future of the system, the USPS faces its first default ever.
The service owes a $5.5 billion payment due Aug. 1 that was deferred from fiscal 2011, The New York Times reports. Then it has $5.6 billion payment due at the end of September.
Angie I did not know the US Postal Service effected the value of Las Vegas Sands. With most of the revenue coming from Asia I don’t think we will get your under 30 dollar prediction. The good news is that Las Vegas Sands will have the Q2 Las Vegas Sands Earnings Conference Call on Jul 25, 2012 at 1:30 PM PT . This is what the market has been waiting for. It looks like you have sold your position and you are waiting to get in at a lower price. That’s a good strategy as long as the stock falls. I just don’t see it in the numbers. Good luck on your trade and we can see what happens by Thursday.
I think Spain could be a good deal at the right price. I keep hearing management saying they will not do the deal if they can not make 20% ROI. It all hinges on what Spain is willing to give. Europe is hurting now but if the project goes foward your looking 3 to 5 years down the road befor the doors open.
Why Casino Stocks With Large Interests In China Should Be Sold.
Leading indicators continue to suggest that the Chinese economy is deteriorating.
Angie you know better than to listen to a guy like that. He wrote “Why Casino Stocks With Large Interests In China Should Be Sold ” for a reason. This is how he describes himself.
“I am a trader and investor living in Chicago who majored in history and graduated law school in 2008. I take pride in not working at any company, practiced law, or had any formal business training whatsoever.”
That means he is actually both jobless and untrained in business. We can understand the glut of lawyers and lack of hiring due to the financial crisis, but his parents spent all that money on law school and he never decided to open his own practice and now he wants to tell everyone about China based on the fact he is shorting Las Vegas Sands ?
Second Quarter 2012 High lights
After the market closed LVS went down to $34.95
The fact is Net revenue increased to $2.58 billion up (+10.1%).
In the first half of the year Las Vegas Sands had Adjusted property EBITDA of 1,954,700,000 on pace for 3,909,400,000 for the year. The last two quarters will be stronger and give LVS over 4 billion in EBITDA. No other gaming company will come close.
In Macau the reason Las Vegas Sands is going to dominate the market is because they have a total Table Capacity of 1,535 mass tables and thats 27% of all the mass tables, the other 5 operators average 14.6% of the table Capacity each.
Las Vegas Sands has the highest number of Slot and ETG Capacity with 6,000+ slot machines and ETGs thats over 31% of all the slot machines in Macau and all the other operators average 13.8% of the slot Capacity each.
The Hotel Rooms in Macau that Las Vegas Sands will open over the next few months is 9,324 4/5‐star hotel rooms. Thats 39% of all the 4/5‐star hotel inventory and the other operators average just 12.2% each.
Las Vegas Sands has over 100 restaurants and food outlets with offerings that range from affordable to high‐end
Retail Amenities are ,The Grand Canal Shoppes, Shoppes at Four Seasons, Shoppes at Sands Cotai Central and this is the Largest retail footprint in Macao.
Las Vegas Sands will add 4000 rooms on lot 3 next to thr Venetian.
Las Vegas Sands will build The Venetian Hengqin International Convention and Resort Project, a 10,000 room multi-billion dollar plan to develop parts of Hengqin Island into a convention and resort destination. The project is to include four million sq ft of convention space, hotels, retail, vacation homes, and golf, tennis and yachting amenities.
The Zhuhai Municipal People’s Government, People’s Republic of China (http://bit.ly/OnXlsz), has issued an official letter informing the company that the Zhuhai Government has now established a Project Coordination Committee specifically related to the company’s proposed development of The Venetian Hengqin International Convention and Resort Project in Zhuhai.
Hengqin Island is next to Cotai Central giving Las Vegas Sands added room capacity with a total of almost 24,000 rooms just in the Macau area.
The reason I point these things out is this is a growth story and nothing has changed in that growth in Macau. No excuse in the numbers will allow for this drop to these levels but this stock is undervalued.
CP757, great information about the second quarter 2012 high lights.
Angie did you pick up some shares or are you going to wait. I hope the stock recovers fast. People always draw the line straight up or straight down. I thought Macau and Sands Bethlehem did well but Vegas and Singapore where the miss. No excuses from management they just made me feel like we will do better in the last half.
The last two quarters will be stronger and give LVS over 4 billion in EBITDA for 2012. No other gaming company will come close.
That EBITDA is used to expand, pay dividends,interest,taxes,add to cash, and keep the properties up. We borrow at 3% interest and that’s the lowest in the industry. Our margins are the highest in the industry.
With Net Dept at 5.844 billion dollars that’s like a car payment on a Chev for a man that owns a million dollar house free and clear
I’ll wait a little longer, I think the stock price will continue falling, I live in Las Vegas and I will continue supporting LVS.
Sprint (s) is a company that is in the process of recovery, I doubled my investments with this company in less than three months.
We can not just focus on one company, in the market right now there are good companies, you can invest and double your money in a short period of time, Sprint is an example.
Prem Watsa is the Warren Buffett in Canada, if that person has doubled its investment in Research In Motion Limited (RIMM) something big will happen with this company, RIMM, will be a big surprise.
Where is Mr. Cliff?
Actual and true debt as posted by cp him self on July 18 is 9.852 BILLION, NET DEBT MEANS NOTHING.
Sorry Cliff. I should not have brought up Net Debt. I forgot its just an accounting term and you want them to stop using it. I only put that post about the house to get your attention because I have great news for you. As I was going over the financial statement I thought of you when I read Las Vegas Sands in all their wisdom paid down total debt. That’s the number you want them to lower and I agree. In just three months they paid total debt down from 9.852 billion to 9.374 billion. I know they did that to make you and I feel better. They are doing awesome, can you believe it. Thank you for bringing that to my attention.
ONLY THING IS THERE MILLION DOLLAR HOUSE IS FAR FROM FREE AND CLEAR.And the truth be told S.A. is already talking about a share buy back and i did not hear much about Spain in the CC so i think you might hear more about debt pay down what this stock needs to move at this time.
Cliff I guess you listened to the conference call. I think they read your concerns about Spain and decided not to talk about that. Mr Adelson talked about Total Debt, Dividends, and Stock Buyback’s. This is what he said.
“Since I own 431 million shares, I’d like to see some more dividends. What I’d like to see, I’m looking at the price of the stock, I think I’m going to have a call with the members of the board to see if we could put aside some money to buy back some shares at these prices.”
So I came up with three ideas and I thought I would ask you which one you thought was best.
Las Vegas Sands has 3.530 billion dollars in cash so you can decide what to do with the cash and then we can tell them what you want.
1) We can have them buy back about 100 million shares with the 3.530 billion in cash and have zero cash in the bank.
2) We can have them pay a one time special dividend of about $4.40 to each of the share holders and have zero in the bank.
3) We can have them take the 3.530 billion dollars and pay down Total Debt to 5.845 billion dollars and have zero cash in the bank.
I know Mr Adelson likes the second idea because he gets $ 1,901,787,500 dollars in a dividend. I don’t know how many shares you have but I would think you still want lower Total Debt so if you decide you want the third solution that would give Las Vegas Sands 5.845 billion dollars in Total Debt. Its up to you.
As far as i am concerned i would like to see the div. stop because it only good for S.A. And not so much for other share holders. I never thought the div. was a good idea and still do not.That money and some cash could go for share buy back and debt pay down. I never said spend all the cash, that would not be good ether.Who ever had in his head 25 cent div. would drive this stock has rocks in there head.The only one that helps is S.A. with over 400 million shares and can not sell anyway.We have lost $25 a share since the div. so you tell me how did it help us.
By the way 822 million a year would come just from the div. money to pay debt and share buy back with out touching cash, not bad.
Because of these last three months of a declining stock price from the best quarter in history, I have been thinking a lot about the decisions we make in life. I was thinking about all the decisions that are made in a company the size of Las Vegas Sands. One decision effecting another and different points of view being challenged. A vision of a board room with plans for projects on easels and stacks of papers with figures on demographics just seems hectic. The ease of operation is anything but easy, but to the outsider it seems effortless. The hundreds of thousands of decisions that go into planing and the vision of the future that is needed is just beyond understanding.
I had a teacher give an example once about decisions. He said if you had a 100 foot plank 12 inches wide sitting on the ground and you where told to walk from one end to the other, without stepping off, you would have no problem. If that same 100 foot plank was sitting 500 feet in the air between two buildings and you had the same task would you do it. All but a few macho guy’s in the class said no.
He then asked how many would go across that plank, 500 feet in the air, if the prize on the other end was one million dollars. We had about half say they would. He then asked what the others needed to feel good about a decision and it turned out it was safety. Its not hard to figure out that the people that did not want to go across thought they would fall to their death. He then gave each of them an idea on what they could do to be safe. He said what if I tie a rope around you and if you fall the rope would save you. That made most of the people agree they would be safe and that would be acceptable.
I am sure the decisions they make at Las Vegas Sands are not life and death but the ability to see alternative solutions to the vast number of choices must be challenging. The effect’s of a world economy where every market effects every other market must be tricky. The executives have to deal with perception not only from all the other people in management but how it is perceived by investors and the public. In the end it all boils down to the amount of safety they will have to achieve the goals of Sheldon Adelson. They make ethical,moral, and financial decisions every day that effect the outcome for the company and ultimately for the share holder. Billion’s can be made or lost by one decision.
Sheldon Adelson had to make those hard decisions. I wonder what his rope for safety was. He had owners of other casinos telling him he was wrong and showing him facts and figures that showed he would fall off the plank. The view’s that other executives in his own company had, needed to be challenged by him. The sheer volume of decisions he faced each day from the government to competitors must have been difficult. In the end he has accomplished his goals many times over. He continues to duplicate a decision making process that gives him 10′s of billions of dollars.
The fundamentals have not changed and the prize is still growing. Nothing is broken and the plans for future projects looks phenomenal. The fall was not because of plans for the future or the allegations of a disgruntled employee. The fall was on the belief that the end was near in China. Las Vegas Sands still made more money in the first half of 2012 then they did in the first half of 2011 and that’s growth. Earnings per share in the first 6 months of 2011 averaged .45 a share and in the first 6 month of 2012 the EPS average was .57 . That’s still a 22% increase Y/Y. Mr Leven is tasked with growing revenue and his experience shows me that he knows how to do that with 11 consecutive quarters of growth. I look at what he does and his actions show me he can accomplish the task. I think, in the end, management gets as much information as they can and draws on the years of experience that everyone has to achieve Sheldon Adelsons goals for the company. Investors need to look at all the information they can to archive the financial goals they want.
“Bugsy” Siegel was a gangster with the Genovese crime family that is credited with starting Las Vegas but he was shot in 1947 for his troubles and had no vision. A few years later in 1961 Stanley Ho who was an industrialist and entrepreneur associated with the Triads started to run gamblers from Hong Kong to Macau on high speed ferry’s to control gambling in China and he had vision and made billions. That was the start to the Macau we know today.
The United States Government got tired of the crime family’s in Nevada,Chicago, and New York so they started to squeeze them out of Las Vegas. Steve Wynn saw this as an advantage and with all his vision he “made over” Las Vegas without the crime connection. His vision was an amazing sight. He brought class to a once tacky way of doing business. Las Vegas made more money and had more visitors then it ever had and Steve Wynn for his troubles, instead of being shot, like his predecessor became a billionaire.
In 1999 Sheldon Adelson came up with a new idea of having Integrated Resorts with convention centers,entertainment, and gambling to bring in billions of dollars. He added to Steve Wynn’s genius vision, the convention center concept Adelson had pioneered in 1979. His vision was The Venetian Resort in Las Vegas but that has grown to properties in Macau, Singapore, and Pennsylvania. Just the cost of the buildings he has erected is approaching 20 billion dollars. His concept is taking over Stanley Ho’s old Macau because again the Government of China does not want the old connections anymore.
Sheldon Adelson has looked for and found all the advantages the American system of business can offer. He duplicates a decision making process over and over to get more revenue. If anything the Internet should make his process better and faster. Why would a man that knows more about people, more about gambling, and more about governments be against Internet gambling ? The question we have not asked is why Adelson will have nothing to do with it.
The answer is, he believes very simply the system will have to much fraud. The lawsuits, SEC investigations, hacker headlines, and government investigation and fines makes it a joke. He also feels, from everything I have been able to read, that to many companies will get in. The pie will be cut so many times no one slice will be worth the risk. The United States has already given out licence’s to so many gambling companies we have a casino on every corner. Thats why Adelson has one of two licences in Sinagapore and one of six in Macau. They are like Starbuck’s or McDonald’s in the United States. To take the words of a visionary like Adelson and throw them out without a thought, and then listen to CEO’s that are so deep in debt they don’t know if they can stay in business is madness.
We laugh at the European Union because they can’t decide between 17 members, what to do but we think 50 States will be able to come together to make Internet gambling work. Last time I heard that, was in the plot line to the Wizard of OZ. Our Government is just now, after 30 years trying to figure out a way to collect taxes on Internet sales and no analyst is pointing this out.
What scares the analysts is they want to be cool because we all like to imagine ourselves winning millions gambling online. They say, what would people think about my manhood if I said I was against online gambling. What would people think if I had a political principal that I believed in, would they still love me if I told them my point of view. Naw it takes principles for that, Internet Gambling is great.
In Latin America, Mr. Sheldon and his wife Miriam, are well known, I’m surprised that they do not have any plans to open hotel and casino in the region.
The magazine “Don Juan” of Colombia published this about Mr. Sheldon.
Looking ahead, U.S. brokerage Sterne Agee forecasts Macau’s gaming industry to have an accelerating gross gaming revenue in September. The thesis of increasing market share from the ramp up of Cotai Central is on pace. Macau casinos took in US$3.1 billion in July. Macau is on Pace for 37.3 billion dollars as of July 2012 up from 33.5 billion in 2011, Macau could do 38 to 39 billion in 2012.
In the last 90 days Las Vegas Sands has had the highest increase in market share in Macau up 5.5% July market share was … 22%
In the last 90 days MPEL is the only other casino in Macau with an increase up 0.9% July market share was………..13%
In the last 90 days WYNN lost market share and is down 0.1% July market share was …………………………….11%
In the last 90 days Galaxy lost market share and was down 1.1% July market share was……………………19%
In the last 90 days MGM lost market share and they are down 1.2% July market share was……….9%
In the last 90 days the biggest loser of market share was SJM, they have lost market share to Las Vegas Sands and they are down 4% July market share was 26%
This is all very good news for Las Vegas Sands, Congratulations LVS.
Reading CP rambling post for me are brutal. All i can think is that’s 3-4 minutes in my life i will never get back.CP needs to look in upper left corner it says comment not stories.Next time if is more then 3 lines i will not read.
Investigate, probe, investigate, probe we need this stuff to stop what ever it takes share holders getting hurt.
The newspaper El Pais in Spain, published this news on LVS.
This is bad news for LVS.
Cliff I am sorry I will try and be more concise.
I know that most of the people on this board understand what these raids are all about but I wanted to flesh out a little of the geography around Macau.
Years ago you had Taipa across from Macau ( its still across from Macau) connected by a bridge and Taipa was connected to Coloane by kind of a swamp land or land locked bay. Why is that important ? Well Stanley Ho put a hotel called the New Century Hotel on Taipa that is one of two islands next to each other by the airport.
Ng Man-sun was an investor in Junkets that was attack with sticks and beaten at that hotel. A woman was also killed a block away in a residential area called Our Lady of Carmels Parish . Taipa has a hill that runs down the middle of it and on the north side of the hill is New Century Hotel, Our Lady of Carmels Parish and Macau Jockey Club Casino . All have had connections with the Triads.
The murder of the woman and the beating of the man at the New Century Hotel was a turf war much the same as when the mafia riddled Las Vegas was reborn in the 70′s.
On the south side of that hill Sheldon Adelson saw that tide land between Taipa and Coloane and he asked the government if he could buy it and they said “what will you do with it “and he said I will make a new area and combine the name’s Taipa and Coloane and make a new area I will call Cotai and he built the largest casino in the world and the 6th largest building in the world The Venetian .
The two Chinese nationals were murdered at the five-star Grand Lapa hotel owned by Stanley Ho, That hotel is on a different Island then the Venetian in the old part of Macau.The Chinese woman who also held a Japanese passport was found murdered ln a residential area of Taipa by the airport.
Just to show how common murders are in Las Vegas and Macau the Police found a 44-year-old woman suffering from multiple stab wounds after being called to a house on the 5100 block of Blue Rose Street at about 11 a.m in Las Vegas. The woman was taken to University Medical Center, where she died. This murder was in Las Vegas just minutes from the MGM resort on Jul. 28, 2012 . We don’t think “Bugsy” Siegel had anything to do with the murder but investigators are looking into it.
Angie dont you think that is just more flap? Remember after November all that will be over and LVS will be reporting billions in profit. JMHO
One quick fact Cliff .
I will try and say this in as few words as I can. When Sheldon Adelson built the Venetian in Macau he had them use Gold leaf on the interior. They used a lot of gold leaf. In fact I think they used more gold leaf than any building in the world.
Las Vegas Sands used 32,000 oz of gold leaf. That’s thirty two thousand ounces of gold leaf. That was when gold was around 650 an ounce.
The Venetian Macau opened August 28th 2007
In 2004 when the Venetian Macau was started Gold was around 400 an oz
32,000 oz would equal:
12.8 million dollars @ 400 an oz 2004
20.8 million dollars.@ 650 an oz 2007
51.68 million dollars @ 1615 an oz 2012
Its hard to understand the vision of an Integrated Resort (IR) that is unique to Sheldon Adelson. We miss the details that went into his planing. An integrated Resort is a Singaporean casino based vacation resort but the term now applies to all of the Las Vegas Sands properties. The term “integrated resort” is a euphemism used by Singapore because of the opposition to the word “casinos”. To date, Singapore has licensed only the Marina Bay Sands and one other operator but Sheldon Adelson’s, Marina Bay Sands is the only true Integrated Resort in Singapore.
Most school kids will tell you that David killed Goliath with a rock. The truth is it was not the rock that killed Goliath. It took three things to kill Goliath and if you take away any one of these things you would have allowed Goliath to win the day as he had twice a day for 40 days. The first thing that was needed on that day was David’s belief that he would win and he did. The second thing David needed was the sling and rock with the knowledge to use it, and the last thing David needed to kill Goliath was a sword to cut Goliaths head off and feed his body to the birds.
This is only to say we simplify things in life without understanding how things work. We miss the big picture about the story of David and Goliath. What is worse, we don’t apply the real lesson to the challenges in every day life. All the solders that Saul had sent to challenge Goliath had failed. We are told 80 solders had challenged Goliath and lost. They used all the technology of the day and Saul even offered David his best armor and David refused. Those 80 solders that Saul sent to fight Goliath all had courage and a sword but what they didn’t have was the sling and rock and the knowledge to use it.
David had vision and courage and so does Sheldon Adelson. Adelson’s sword is the massive profit’s he earns and this makes everything possible for him to achieve. Without his vision and courage those financial gains would sit in a bank and earn interest. No other operator makes as much bottom line profit. What makes Mr Adelson unique, is his vision of an Integrated Resort and that is his sling and rock. Every government in the world wants Las Vegas Sands to build an Integrated Resort in their country. They know his idea has been proven to work but you cant build a cheap Integrated Resort. Many developers will build resorts that they will call Integrated Resorts but they are a shadow of Adelsons dream and still just a resort.
In Macau Las Vegas Sands owns, The Venetian Macao, The Plaza Macao, Four Seasons Hotel Macao and the Four Seasons-branded apartments at the Sands Cotai Central development, as well as the Sands Macao on the Macau peninsula. The company is currently finishing construction on a 6,400-room complex at Sands Cotai Central, which will feature the Sheraton, St. Regis, Holiday Inn, and Intercontinental hotel brands.
Las Vegas Sands will build The Venetian Hengqin International Convention and Resort Project, a 10,000 room multi-billion dollar project to develop parts of Hengqin Island into a convention and resort destination. The project will include four million sq ft of convention space, hotels, retail, vacation homes, and golf, tennis and yachting amenities. Hengqin Island is next to Cotai Central giving Las Vegas Sands added room capacity with a total of almost 24,000 rooms just in the Macau area.
In Singapore The Marina Bay Sands is the Integrated Resort Sheldon Adelson envisioned and developed, it is billed as the world’s most expensive standalone casino property at $8 billion dollars, including the cost of the prime land. In Las Vegas Sheldon Adelson envisioned and built two Five-Diamond luxury resorts on the Las Vegas Strip, The Venetian and The Palazzo. In Bethlehem, Pennsylvania The Sands Casino Resort Bethlehem, in the Lehigh Valley region of eastern Pennsylvania is an iconic structure that rose from the ashes of the old Bethlehem Steel building .
These Integrated Resorts are a brand new concept because Mr Adelsons epiphany or insight into the reality of the essential meaning of leisure time and business development only started to take form in 1999. His vision was The Venetian Resort in Las Vegas but that has grown to all these other properties. Just the cost of the buildings he has erected is approaching 20 billion dollars. He has paid cash for almost all of this from the profits he has made as he grew his dream. Sands Macau opened on May 18, 2004 and all of the mortgage bonds that were issued to finance construction were paid off in May 2005. His total Net Debt for this massive project is 5.884 billion dollars. Countries see the ability for him to bring in billions in tax revenue and banks offer him 3% money to do whatever project he see’s.
No other operator can compete with Sheldon Adelson at the same level. They not only lack his vision and courage, they lack the billion’s that is Adelsons sword and the Integrated Resort that is his sling and rock.
This is a link to the best presentation I have ever seen about Las Vegas Sands. “The World’s Ultimate Casino” was made by the Discovery Channel (44:33) The Venetian Macau opend on August 28 2007.
It looks to me we are starting to see why insiders sell there stock as fast as they get them.Very sad.
Europe on the edge of recession.
LVS should not invest anything in Spain, is very risky.
By PAN PYLAS
LONDON — Europe is edging closer to recession, dragged down by the crippling debt problems of the 17 countries that use the euro, official figures showed Tuesday.
Eurostat, Europe’s statistics agency, revealed that the economies of both the eurozone and the European Union, which has 27 countries, shrank by a quarterly rate of 0.2 percent in the second quarter of the year. In the first quarter, output for both regions was flat. A recession is officially defined as two straight quarters of falling output.
Europe’s debt woes have been blamed for the sharp deterioration in the global economic outlook over the last few months. The region is the U.S.’s largest export customer and any fall-off in demand will hit order books – as well as President Barack Obama’s election prospects.
Read more here: http://www.miamiherald.com/2012/08/14/2950816/euro-economy-shrinks-02-percent.html#storylink=misearch
When will Sands sell its malls and co-ops in Macau? I’ve called and emailed investor relations and I have not received any response. No return phone calls. No email response.
A Lot in the news about L.V.S. lately but wait are two cheerleaders not around, whats up with that. One likes to post news that’s years old, and the other has no clue, and just likes to say i do not get things right so i will let her post it so we know it is right.
What i want to hear is a plan to buy back stock and help out share holders and not make them bag holders.
By the way i am waiting to here Spain has been put on hold .
You might as well build in the U.S.A. because at least people here have welfare money to spend in casinos.
Some people think the amount of shares does not mater but people
take a look at facebook an tell me it doesn’t mater, and i like facebook but not till about $15.
5 Restaurant and Resort Stocks to Sell Now.
CMG, RT, LVS, WMS, SGMS slump in weekly rankings.
Las Vegas Sands (NYSE:LVS) earns a D this week, moving down from last week’s grade of C. Las Vegas Sands owns and operates casino resorts and convention centers. The stock also rates an F in Earnings Surprise. Investors seem to agree with the downgrade and have pushed down the share price 0.5% over the past month. For a full analysis of LVS stock, visit Portfolio Grader.
Angie thet is Navelliers news letter and he has a lot of complaints. Type in Louis Navellier scam into Google and you will see.
We had a great week. Las Vegas Sands was up 4.25% this week, thats 2.195 billion in Market Cap. and two things will happen to move the stock higher.
1) Spain will be announced in September. Mr. Leven the company’s president said at a news conference in Barcelona.
“Las Vegas Sands still hopes to start construction in mid-2013 and complete the complex within 10 years”
2) Opening September 20, 2012. Sheraton Macao Hotel, Cotai Central – Cotai Strip Taipa; Macau
“Reconnect after an active day in our 3,863 guest rooms and suites. Including Sheraton Club Rooms and Family Suites, they feature views of the famous Cotai Strip, signature Sheraton Sweet Sleeper™ beds, flat screen TVs, thoughtful extras and more.”
Las Vegas will do 6 billion in revenue for 2012
Year first casino was licensed 1931
Current number of licensed gambling places in Las Vegas 1701
Annual visitors to Las Vegas, in millions 36.7
Only 5 Percentage of visitors will say they come to Vegas mainly to gamble
Las Vegas Sands is on pace for 1.424 billion dollars in revenue just on the revenue they have at The Venetian Resort Hotel Casino, The Palazzo Resort Hotel Casino, and The Sands Expo and Convention Center in Las Vegas, Nevada
Cliff…. you are right, the amount of shares does matter and when Facebook was at 40 dollars Mark Zuckerberg pulled out one billion dollars from all the suckers that where buying. i like Facebook but not till about $15 too. Sheldon Adelson in 2009 when everyone was selling Las Vegas Sands stock took one billion dollars of his own money and saved the share price. That’s the opposite of what Mark Zuckerberg did.
G…… This is just about the Co-Op’s . Some countries in the world don’t care about boom and bust real estate where property values go way up and then fall to half the value. Macau and Singapore put restrictions on sales of property and only allow it after so many years. That time limit has not come up.
Apple has 937 million shares outstanding and L.V.S. has 822 million shares outstanding and no one sees any thing wrong.
Cliff I see something wrong. AAPL should have a 10 for 1 split and a 1 dollar a share dividend just like Las Vegas Sands. AAPL makes over 150 billion dollars in revenue. Thats a lot higher than LVS and the reason I want LVS to expand into Europe. Own both.
Spore mall sale is held up by time limits.Macau from everything i read is held up by investigations and not time limits. In fact near 2 years ago S.A. said they where a day or 2 from an OK.If i am wrong please show me.
You see apple as not having enough shares i see L.V.S. as having to many.
Cliff AAPL had 16 billion in revenue in 2005 and now its over 150 billion that is why they are at 650 a share. When LVS is at 100 billion in revenue they will be at 400 to 500 a share. Own both.
CP I see no response about time limits in MACAU for sale of co-op’s and mall so i take it i am right.
Cliff I tend to agree with what you are saying. You have followed that better than I.
I will do some more checking.
I find this new development with the gaming tables in Macau to be very interesting.
Gov’t tweaks table count for poker and mahjong.
Union Gaming says Las Vegas Sands is likely to be the largest beneficiary of a new table count math on the Cotai Strip and all of Macau.
The Gaming Inspection and Coordination Bureau has recently implemented a new way of accounting for poker tables under the general table cap of 5,500 live table games, Union Gaming Research Macau said in an investors note published yesterday.
If a casino is operating up to 20 poker tables in the same area, the regulator will count them as only one table.
The same source added that the same happens for mahjong tables.
Las Vegas Sands has 1,535 mass tables in Macau and thats almost 30% of all the tables in Macau.
I guess they are going to push them into groups of 20 and buy some more tables.
“This move is indicative that the government will be willing to work with casino operators to help ease capacity constraints prior to the expiration of the table cap next year.”
This simply means Macau has so much business they need to take the general table cap off the table’s to keep up with demand and Las Vegas Sands is at the right place at the right time. Again.
Sounds very positive to me.
I did not see this about table games but if so sounds very good.
Cliff Im sorry I forgot the link.
Thank you Cliff and CP757 for your input. Btw , is it just me that investor relations ignores or are others having the same unfortunate experience of not having calls or email returned? Maybe they just don’t like my questions? I do recall that on an audio link over two years ago LVS stated that the sale of some non-core business asset real property was anticipated to begin within approximately 2.5 years from then. But then I heard something about the government was regulating the matter. I dont understand how the various legal matters and investigations have anything to do with holding up the sale of the real property and I haven’t heard anything in the press about such. I am just looking for some clarity and would appreciate more info.
China doe’s what China wants and when they want. They do not play by the same rules as U.S.A. pure and simple.
More hotel rooms and transportation to Macau will aid growth in the world’s largest gambling hub next year, Sands China’s Chief Executive Officer Edward Tracy said in an interview in Hong Kong yesterday.
Tracy said. Macau’s gambling revenue rose 1.5 percent to 24.6 billion patacas ($3.08 billion) in July. The casino operator expects to add about 200 more gambling tables next year, when growth is likely to pick up.
“Macau will have new supply, new hotel rooms, and new facilities,” Tracy said. “It will keep growing.”
Other casino operators are predicting a similar pick up in Macau. Galaxy Entertainment Group Ltd. (27)’s Chief Financial Officer Robert Drake in an interview today said the mass market will grow 25 percent to 30 percent in 2013, higher than the “high- teens growth” expected this year. He projected 8 percent to 15 percent growth for the VIP, or high-stakes gambling, industry next year.
Analyst, Harry Curtis, said, “The first 26 days of August gaming revenues imply ~MOP26.5b for the month, which would imply up ~7% YoY growth, which is largely in line with the mid-point of consensus expectations. For the week ended Aug 26, average daily table win declined to ~HKD775m vs. the prior week’s ~HKD996m. Las Vegas Sands (NYSE: LVS) is the biggest beneficiary of mass growth, as it has the most mass capacity in Macau among the large-cap names under our coverage. September is an easy comp and we are looking for low-to-mid teen growth for the month. Market share largely remained unchanged from the prior week.”
“Longer term, we remain constructive on LVS, MGM (NYSE: MGM) and Wynn (Nasdaq: WYNN) (all Buy-rated) for several reasons: 1) positive supply/demand imbalance; 2) infrastructure improvements to Macau; 3) more optimistic China macro outlook (our China economist believes that the likelihood of a hard landing in China is low, and he expects GDP growth to rebound moderately in H2’12, helped by modest easing in 2012); and 4) valuations that look attractive (~8-10% yield) on 2013E free cash flow for LVS and WYNN.”
I will hit the casinos this weekend but not L.V.S. No comps for every day gamblers so i go where the comps are.
Cliff, good luck at the tables. That is a good strategy to take as much money as you can from the competition. That way you don’t take all the profit’s from LVS. Good Luck.
Las Vegas Sands will announce in the first few weeks September whether to build a jobs-rich mega casino development in Madrid or Barcelona. Las Vegas Sands president and chief operating officer Mike Leven told a news conference here that its verdict would now come early in September.
“Construction would begin in mid-2013 and take five to 10 years”, Leven said. Construction and tourism have been the main engines of Spanish growth for 20 years. Sheldon Adelson is looking at Barcelona as a spot for the new casino which could come together soon . Barcelona would add the attraction of a tour ship dock which could drive more traffic than the proposed Madrid location.
Adelson has not made the final decision and is waiting for final terms from the local governments. The European Las Vegas, is a complex that would have 12 great hotels with 36,000 rooms, 6 casinos, 50,000-seat sports center, 3 golf courses and a Convention Center plus 27 restaurants that would start construction in 2013.
Las Vegas Sands spokesman said that between 90% and 95% of the negotiations with regard to its location “already have been made” and that the final decision will be taken in September
Germany, UK, France, Switzerland, and Italy have 1,964,000 Individuals that are worth 1 million or more and they go on vacation many time’s a year. Those 1,964,000 High Net Worth Individuals will be going to a casino to spend money on vacation, and Spain is the place they will go when Adelson builds his Integrated Resort. In the new proposal from Barcelona they have offered Las Vegas Sands a 5 mile strip of land that goes from a beautiful beach to the edge of the city.
Both parties have an interest in making this an Iconic project and they have talked about incorporating the cruise port into the project. This change in the cruse ship port would make it the number one cruise destination in the world taking Barcelona from 4th to first in a matter of a few years. Barcelona also offered to take the C32 Highway and have it go through a tunnel under the project.
This project is inspired by Las Vegas Sands huge success story in Singapore. The Marina Bay Sands is in the harbor of Singapore and increased tourism by 20% in the first year of operation as well as increased employment from all the infrastructure that is required to support that much demand. The project in Spain will be 12 times as big as Singapore and the Marina Bay Sands will do over 3 billion dollars in 2012.
This Video shows Leven on his inspection of the Barcelona location .El Prat de Llobregat (ACN.) – Las Vegas Sands Corporation executives have visited the land of the Llobregat study on installing macrocomplex called ‘Eurovegas’. After landing at the terminal of El Prat corporate shortly before ten o’clock on Monday, a dozen people have moved to the countryside of Small Things, first. They then boarded the Montbaig to see an overview of the Delta, and ended up visiting the footbridge over there in Cornella Llobregat, before leaving for Barcelona.
Sands should build in the Barcelona area! PERIOD!!! Although Madrid is the center of the peninsula, it becomes a ghost town in the summer and is almost totally vacated every August. Further the Spanish will not be the major customer base , rather foreigners traveling to and within Spain. Moreover, as a port town there are ample opportunities for the wealthy private yachting world to stop by in addition to the major cruise ships. Further, being closer to France is a plus as their economy is pretty darn good and has a track record of being so. Moreover, most Europeans summer and pass their vacations on the coastal regions of Spain not Madrid!!! Opening in Madrid doesn’t make nearly as much sense as near Barcelona in light of the above and especially if the deal breaker is about labor laws (which LVS can afford and should respect) and who really wants to breath in that nasty smoke? Europeans smoke way too much and if they want to light up they can elsewhere, while they can still drink their favorite alcoholic beverages when gambling. LVS won’t regret making Barcelona their home , even though I love Madrid having lived there. I want what is best for LVS!!! And building in Madrid is not nearly as good for LVS as each and every 3rd quarter’s results in the Spanish properties will possibly be affected negatively due to poor attendance and an over compensation of incentives to attract visitation. In sum the growth opportunities are ripe in Barcelona, and rotten in Madrid.
Further , if LVS builds in Barcelona it can compete with the Monte Carlo casinos more readily with their private yachting customers.
Spain you can not trust them. On June 16 2011 i made a list of things to ask and i just assumed asking if any other 4.5 billion $ hotel casinos would be let into Spain. The risk is to high already with out this. I could not believe what i was reading.If the board lets this happen they need to be replaced. Like i said a long time a go L.V.S. wants to keep building at any cost no matter the risk.Spain needs to be told this can not happen or we are out of here.Spend 23 billion and not get an exclusive is just a joke. If Spain is willing to pull this just wait once we build and can not walk away.
I would love to see CP or any one else on this site defend L.V.S. going ahead with this project after this news. And i would also like to see a comment from L.V.S. on this mater.
Wynn up MGM up L.V.S. down why do you think this is.L.V.S. needs to speak out .
Article in L.V. REVIEU JOURNAL SPEP 11 .Investors do not like Spain and you can for get about special div. or share buy back if the Spain thing continues.If investors do not like this there is no way share price gos higher.
The board needs to man up and put a stop to this nonsense.And with another big hotel casino being built in Spain this could be a disaster.I think this could be a turning point for L.V.S. for good or bad and it is up to the board.
I think L.V.S. needs to focus on all there court cases before they open another can of worms (SPAIN)
A few days ago on Bloomberg tv there was a clip on the matsu island(s) in Taiwan in which a former LVS exec is moving forward with his own gaming development. I am surprised Spain is such a focus while Taiwan seems a better development than Madrid or Barcelona especially in light of other gaming development competitors in Spain. LVS hopefully will not miss the boat for Matsu or spread itself too thin.
I really feel for the people of Spain who need jobs so desperately but L.V.S. first worry is to the employees and investors of L.V.S.
BOTTOM LINE I truly believe the
risk is to high for both employees and investors.When L.V.S. can not get an exclusive this says a ton about Spain’s government.
I think L.V.S. needs to better inform investors on Spain like when do they think something might happen there, are we talking years or what, and what do they think about another company building a hotel casino in Spain and i might add a very big one.I think lack of information is the biggest reason for lack of investor interest and why the price doe’s not move.
All we read is bad press.
I hope i am wrong but i can not see S.C.C. doing very good until they get the table games they need. It is no good taking from one casino to give to another,The big money comes from table games and if you open 3 new casinos have the same number of table games how doe’s that help.Each casino you open and take 200 games from other casinos you can not make more money but you end up with the most expensive slot parlors in the world.
What happens to the cheerleaders when you get bad press, they seem to disappear. One could be out blaming somebody for something anything,The other might be getting a sun tan and dreaming of being a surfer.
Riots in Spain today.Why do we want to build there i for get.
REMIND ME WHY.
I strongly believe if L.V.S. has such a need to build they need to pick Japan where the values and beliefs are closes to ares and not in a communist or socialist country where values and there word means nothing at all.When they built in macao they where told they could sell co-ops and malls and are still waiting for the go ahead.That’s been years and it seems L.V.S. still has not learned any thing from this.Dog has only got to bite me once to learn it hurts.
There is not much to say about Spain any more, just take a look at the news tonight and you will see all you need to know.I hope are board of directors takes a look.
Volume is very low. No interest in L.V.S. .They need to make announcement about Spain . Got to say i have never seen a management team like at L.V.S. That is what is bad with one man having more than 50% of a company. The board can not say or do anything.The stock holders pay the price.
I do believe the last 2 women that posted on this site are one and the same.Who knows why people do that.
Eurovegas says it has funding and that will start in December 2013.
People in Spain is against this project.
Cliff, the best thing you can do, is sell your shares and forget about this company.
Link here: http://ccaa.elpais.com/ccaa/2012/10/16/madrid/1350390130_659135.html
Angie i am looking very close and will bail if they do any thing stupid . But i think if Japan comes along they will for get about this Spain foolishness .L.V.S. Has such the need to build they can not see straight and we have no board of directors to speak of.I think what
you see is right on.
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