..

For Las Vegas Sands, the House Edge is Geographical Diversity

Written by:
Guest
Published on:
May/15/2011

The entire article from the Daily Finance can be read here

Las Vegas Sands (LVS) benefits from being relatively more geographically diversified than its most prominent competitors -- companies such as Wynn Resorts (WYNN), MGM Resorts International (MGM), the Macau-based SJM Holdings (SJMHF) and Genting Singapore. Las Vegas Sands' casino resort presence spans the U.S., Macau and Singapore.

Our price estimate for LVS stands at $49.36, implying a 10% to 15% premium to market price.

Geographically Diversified Operations

A wider presence worldwide gives stability and strength to a company's top line. For instance, while the recent economic recession hit LVS' Las Vegas operations, its effect was mitigated by the substantial growth of the Macau gaming industry.

LVS' Macau operations currently include Sands Macao, The Venetian Macao and Four Seasons Macao. LVS is also in the process of developing a facility on the Cotai Strip in the region (at land plots designated as parcels 5 and 6). In April 2010, LVS opened the Marina Bay Sands facility in Singapore, at an approximate cost of $5.5 billion.

Domestically, the company operates the Venetian and Palazzo in Las Vegas, as well as the Sands Bethlehem Resort in Pennsylvania.

By comparison, competitor Wynn Resorts is primarily split between Macau and Las Vegas, while MGM Resorts International is more concentrated in Las Vegas.

But LVS has its eyes set on expansion into still more geographic regions. In a recent press release, the company noted that it is eyeing a $20.3 billion project in Spain. CEO Sheldon Adelson has indicated the potential to create a mini Las Vegas Strip in Europe.

 

Foreclosure.com
Foreclosure.com - 7 Day FREE Trial

 

See full article from DailyFinance: http://srph.it/jfLXgX

Business/Financial News

Satoshi Nakamoto a Troll Killer?

Satoshi Nakamoto a Troll Killer?

Cyber-bullying is a real thing and now punishable with up to a year in prison in Japan.

You Can Bet on the Price of Ethereum

You Can Bet on the Price of Ethereum

If you feel it's too risky to own some Ethereum due to price fluctuations, no worries.  Now you can simply place bets on where the price of Ethereum will be at various time frames.  You can also use Ethereum to place bets on BetOnline.

Granath v Wright Trial Concludes: Ruling Forthcoming

Magnus Grath vs. Dr. Craig Wright was set to determine if Grath's hateful tweets against Wright can be deemed as lawful in a Norway court.  Proving slander is not enough to have an individual held liable for their actions in the Nordic nation.  Those actions include allegedly mocking a man with autism, including the use of hashtags.

Friends Testify That Wright Talked About Bitcoin Before the Digital Currency Existed

Friends Testify That Wright Talked About Bitcoin Before the Digital Currency Existed

One witness claims to have seen the Bitcoin white paper provided by Dr. Wright prior to its launch. “It was like I’d seen a ghost," he testified after seeing the white paper years later when Bitcoin was already becoming all the rage.

Is the US Congress Pro Proof-of-Work When it Comes to Crytpo Mining?

Is the US Congress Pro Proof-of-Work When it Comes to Crytpo Mining?

Canadian accounting firm MNP published a report in November 2021 titled “The Search for a More Efficient Blockchain,” found that BSV was the most efficient network of those it investigated. This was due to BSV’s unbounded transaction processing capacity and the network’s use of more up-to-date hardware.

Syndicate