#LVS

The Motley Fool

Casino Stocks Got Good News, but Investors Remain Wary

The stock market started the week on the wrong foot. The Dow Jones Industrial Average, Nasdaq Composite and S&P 500 all dropped about 1.5%. Casino stocks have been hit hard over the past three years due to the ongoing impact of the COVID-19 pandemic. Over the weekend, many major casino resort companies got good news from a key governmental regulator.
Finance
Casino Stocks Got Good News, but Investors Remain Wary
InvestorsObserver

Premarket Mover: Las Vegas Sands Corp. (LVS) Up 3.85%

Las Vegas Sands Corp. (LVS) is up 3.85% in pre-market trading to 44.83. The stock has risen 16.39% over the past month. LVS has an average analyst recommendation of Strong Buy. It has a Long-term Technical rank of 92 and an Overall Score of 65.
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SportsBetting
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Remember that new hotel tower we heard would go up at Caesars Palace? It seems the plan includes a Circa-style sportsbook, along with a new poker room. Archive

InvestorsObserver

Premarket Mover: Las Vegas Sands Corp. (LVS) Down 3.23%

Las Vegas Sands Corp. (LVS) is down 3.23% in pre-market trading to 42.21. The stock has risen 11.65% over the past month. LVS has an average analyst recommendation of Strong Buy. It has a Long-term Technical rank of 94 and an Overall Score of 62.
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Seeking Alpha

Searching for green shoots with Macau casino stocks (OTCMKTS:WYNMF)

Macau daily revenue for the week ending November 13 was 37% higher than the first six days of November. The increase is probably due to mass testing for COVID ended on November 5. GGR remains at about 14% of the 2019 pre-pandemic level. Jefferies' top global picks in the casino sector are MGM Resorts International (MGM) and Churchill Downs (CHDN). Jeffery prefers Galaxy and Sands China. Macau casino stocks are Wynn Resort (WYNN), Wynnl (LVS), Las Vegas Sands (SAS), MGM China (OTCPK:MCHVF) (OWK), SJM Holdings (OTCK)
Finance
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InvestorsObserver

Premarket Mover: Las Vegas Sands Corp. (LVS) Up 4.38%

Las Vegas Sands Corp. (LVS) is up 4.38% in pre-market trading to 42.85. The stock has risen 12.90% over the past month. LVS has an average analyst recommendation of Strong Buy. It has a Long-term Technical rank of 91.
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InvestorsObserver

Premarket Mover: Las Vegas Sands Corp. (LVS) Up 1.48%

Las Vegas Sands Corp. (LVS) is up 1.48% today. LVS has an Overall Score of 63. The Short-Term Technical score is most useful to short-term stock and option traders. L VS currently has the 85th highest Short Term Technical Score in the Resorts & Casinos industry.
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Seeking Alpha

Wynn Resorts, Las Vegas Sands lead rally in Macau casino stocks on reopening hopes

Macau gross gaming revenue fell 10.7% in October to $3.9B patacas. October GGR was up 31.6% on a month-on-month comparison. Year-to-date gross revenue is down 50.5% to 35. 7B pacas through October 31, but residents of mainland China will now be allowed to visit Macau using an online visa system. Maca casino stocks rallied in early trading on Tuesday.
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The Motley Fool

Why Las Vegas Sands Stock Jumped Higher Earlier Today

Las Vegas Sands shares are up 12.4% as of 1:05 p.m. ET on Monday. The increase follows positive news about the return of tourism in China's Macau Special Administrative Region. Wynn Resorts is up 12% at the time of writing.
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Review Journal

Weeklong Macao casino shutdown affecting Sands, MGM, Wynn begins

Macao's gaming revenue has declined dramatically in the last two years due to strict Chinese health and safety policies. Grand Lisboa resort in Macao was locked down because of a cluster of positive COVID-19 cases. The decline in revenue in this market has resulted in some gaming analysts downgrading the stocks of American companies operating in it. Las Vegas gaming numbers have improved since casinos reopened, but Macoa's haven't. J.P. Morgan analyst doesn't expect any meaningful recovery in Macau until next year.
Covid
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Best Stocks

On Wednesday, Las Vegas Sands (LVS) will report its quarterly earnings.

Las Vegas Sands will release its results report for the prior quarter on Wednesday, October 19. The casino operator reported earnings per share for July 20 at $0.34. Sales for that quarter came in at a higher amount than $949.40 million. Las Vegas Sates's stock price has been fluctuating between $28.88 and $48.27 in the past year. Institutional investors have been active buyers and sellers of company shares recently. The company is expected to make $1 per shares in this fiscal year and a market capitalization of $26.91 billion.
Finance
On Wednesday, Las Vegas Sands (LVS) will report its quarterly earnings.
InvestorsObserver

Premarket Mover: Las Vegas Sands Corp. (LVS) Up 0.68%

Las Vegas Sands Corp. is up 0.68% today. LVS stock closed at $36.50 and is now up $0.25 during pre-market trading. The stock has an overall score of 65 and a Short-Term Technical score 60. L VS currently has the 99th highest Short Term Technical Score in the Resorts & Casinos industry.
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The Motley Fool

Which of These Casino Stocks Is a Hotter Buy?

The first casinos were small, dimly lit gambling venues. Over time, casinos evolved into colossal resorts with entertainment, convention facilities, luxury shopping malls, theme parks, pools, and fine dining. These comprehensive resorts became known as integrated resorts.
Finance
Which of These Casino Stocks Is a Hotter Buy?
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Seeking Alpha

Macau Casinos: Time To Place Your Bets

Macau's gambling revenue fell by 44% this year. The market share of Macau-based casino operators has declined. Macao's pandemic policies mirror those of Mainland China. Maca's remaining pittance comes from Chinese nationals. There are few foreigners in Macua, so it's difficult to cross the border. Melco Resorts & Entertainment is down 72%. Galaxy Entertainment has only 20% decline. It's time to place bets on Macu. iReport.com: iReporter shares. Share price of the 6 MacAus' casino companies has fallen by more than 50%.
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Macau Casinos: Time To Place Your Bets
Sigma

Zacks Investment urges care on Macau casino stocks despite gains

Macau stocks surged this week after a relaxation in travel restrictions. Las Vegas Sands, Wynn Resorts and MGM Resort International are the three equities that saw a price surge. Zacks Investment recommends investors wait for more consistent positive profit forecasts before piling in. The next few months could bring a lot of surprises for investors. With the pandemic still going strong, the next months may bring surprises too.
Finance
Zacks Investment urges care on Macau casino stocks despite gains
InvestorsObserver

Premarket Mover: Las Vegas Sands Corp. (LVS) Up 1.99%

Las Vegas Sands Corp. (LVS) has gained Tuesday morning, with the stock increasing 1.99% in pre-market trading to 40.45. LVS has risen 4.56% over the past month, closing at $36.65 on August 30. The company has an average analyst recommendation of Strong Buy and an overall score of 65.
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Premarket Mover: Las Vegas Sands Corp. (LVS) Up 1.99%
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CNBC

Jefferies upgrades Las Vegas Sands, Wynn Resorts on Macao reopening

Jefferies upgraded Las Vegas Sands and Wynn Resorts on Macao reopening. Macau government plans to allow Chinese tour groups back in the casinos as soon as November. Jefferies also lifted the price target for Las Las Sands to $50 from $40 and for Wynnn to $75 from $62. However, risks remain for the duo especially for longer-term organic growth.
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Jefferies upgrades Las Vegas Sands, Wynn Resorts on Macao reopening
Investor Place

Why Are Casino Stocks LVS, WYNN, MLCO Up Today?

China is planning to reduce restrictions in Macau starting in November. Tour groups from Mainland China will be able to visit the casinos in the area for the first time in almost three years. Macao expects daily visitations of up to 40,000 people, as compared to 11,00 in August.
Finance
The Street

Las Vegas Sands Stock Leaps As Macau Eases Covid-Era Gaming Rules

Las Vegas Sands shares are up 7.1% in pre-market trading. Wynn Resorts shares rose 5.5%. Macau, the world's largest gaming hub, will allow tour groups from mainland China for the first time in nearly three years. Macao's gaming market generated around $37 billion in annual revenues prior to the pandemic.
Covid
InvestorsObserver

Premarket Mover: Las Vegas Sands Corp. (LVS) Up 7.67%

Las Vegas Sands Corp. (LVS) is higher by 7.67% in pre-market trading to 38.19. LVS has fallen 6.49% over the past month. The company has an average analyst recommendation of Strong Buy and an overall score of 56.
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Premarket Mover: Las Vegas Sands Corp. (LVS) Up 7.67%
Kalkine Media

Kalkine Media explores five US casino stocks to watch in October

The casino sector comprises firms from the gaming industry that offer leisure and other related services through resorts and casino gaming properties. Las Vegas Sands Corp. (NYSE: LVS), Wynn Resorts, Limited (NASDAQ: WYNN), MGM Resort International (NYSZ: MGM), Caesars Entertainment, Inc. ( NASDAQ : CZR), and Boyd Gaming Corporation ( NYSE: BYD) are among the prominent players in this segment. The casino segment was one of the worst-hit sectors during the COVID-19 pandemic. However, the stocks noted gains on September 21.
Finance
Kalkine Media explores five US casino stocks to watch in October
Seeking Alpha

Las Vegas Sands: Capitulation Here Or Near

Sheldon G. Adelson built Las Vegas Sands from the ruins of failed casinos. He sold the entire Vegas asset base for $6.2 billion in 2021. The proceeds will be used for a third Asian IR and a bid for metro New York based mega-project. LVS clocked $12 billion revenue in pre-pandemic years. Before the 2020 pandemic, the stock was trading as high as $80. L VS is the biggest casino operator on the globe. It is planning to expand into online sports and iGaming. Its shares are trading at $8.
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Las Vegas Sands: Capitulation Here Or Near
Vegas Slots Online

US Casino Landlords Dominate 2022 US Property Sector

Casino real estate investment trusts (REITs) have surprised many industry experts with their inflation-hedging abilities. They have become the only segment of the US property sector to post positive financials in 2022.
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US Casino Landlords Dominate 2022 US Property Sector
Seeking Alpha

Las Vegas Sands: Prudent Move Here Is To Take Some Profits

Las Vegas Sands Corp. is a developer and operator of integrated resorts that feature luxury hotels, gaming, retail, dining and entertainment. Premier locations exist in Singapore and Macau, and there are plans to expand elsewhere in to Asia.
Covid
Las Vegas Sands: Prudent Move Here Is To Take Some Profits
Defense World

ProShare Advisors LLC Has $2.92 Million Position in Las Vegas Sands Corp. (NYSE:LVS)

ProShare Advisors LLC lessened its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 2.3% in the 1st quarter. The institutional investor owned 74,932 shares of the casino operator’s stock after selling 1,803 shares during the period. ProShare Advisor's holdings were worth $2.915 million at the end of last quarter, up from $1.9 million a quarter earlier. Capital World Investors raised its position in Vegas Sates by 74.1% during last 4th quarter and now owns 34,255,198 shares. Barrow Hanley Mewhinney & Strauss LLC raised their position by 15.8% and owns 8,835,528 shares now. Invesco Ltd. raised it's position with Las Las Sands by two.7% since the fourth quarter to $327,530,000. Geode Capital Management LLC has increased its stake in LVS by 141,127 shares in last 3 months.
Finance
ProShare Advisors LLC Has $2.92 Million Position in Las Vegas Sands Corp. (NYSE:LVS)
Defense World

Huntington National Bank Has $126,000 Stake in Las Vegas Sands Corp. (NYSE:LVS)

Huntington National Bank increased its position in Las Vegas Sands Corp. (NYSE:LVS) by 25.3% during the first quarter. The fund owned 3,240 shares of the casino operator’s stock after buying an additional 655 shares during that period. Capital World Investors increased their holdings in the company by 74.1% in fourth quarter and now owns 34,255,198 shares. Barrow Hanley Mewhinney & Strauss LLC increased it's holdings by 15.8% and owns 8,835,528 shares now. Invesco Ltd. increased her holdings of Las Las Sands by 2.7% to 8.701,651 shares in 4th quarter, and bought 225,742 shares for the total of $327,530,000. Geode Capital Management LLC bought 141,127 shares to boost its stake in LVS.
Finance
Huntington National Bank Has $126,000 Stake in Las Vegas Sands Corp. (NYSE:LVS)
Defense World

Bank of Nova Scotia Sells 7,598 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Bank of Nova Scotia reduced its position in Las Vegas Sands Corp. (NYSE:LVS) by 11.6% in the 1st quarter. The institutional investor owned 58,009 shares of the casino operator’s stock at the end of last quarter, but sold 7,598 shares during the quarter for a total of $2,255,000. Several other institutional investors and hedge funds have also bought and sold shares in LVS. State of Michigan Retirement System grew its stake in shares by 0.3% during first quarter and now owns 86,801 shares. Mutual of America Capital Management LLC grew their stake by 1.0% and owns 44,898 shares, whereas Clearstead Advisors LLC bought 1,527 shares and grew it by 43.5%. Retirement Planning Co of New England Inc. grew her stake and bought 473 shares to own 25,800 shares for $1,003,00. Hudock Inc grew by 89.9% to buy 500 shares worth $41,500.
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Bank of Nova Scotia Sells 7,598 Shares of Las Vegas Sands Corp. (NYSE:LVS)
Defense World

Las Vegas Sands Corp. (NYSE:LVS) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 11.1%. The institutional investor owned 56,174 shares of the casino operator’s stock after buying an additional 5,595 shares during the period. Hudock Inc. increased its position in shares. of Las Las Sands by 89.9% during first quarter. Mizuho Securities Co. Ltd. acquired a new stake in the company during fourth quarter worth about $40,000. First Horizon Advisors Inc increased position by 140.2% in first half.
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Las Vegas Sands Corp. (NYSE:LVS) Shares Bought by Commonwealth Equity Services LLC
Defense World

Advisor Group Holdings Inc. Grows Position in Las Vegas Sands Corp. (NYSE:LVS)

Advisor Group Holdings Inc. boosted its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 42.9% in the 1st quarter. The institutional investor owned 96,303 shares of the casino operator’s stock after acquiring an additional 28,932 shares during the quarter, which is worth $6,076. Several other large investors have also bought and sold shares in LVS. Capital World Investors raised its position in Vegas Sates by 74.1% during fourth quarter and now owns 34,255,198 shares. Barrow Hanley Mewhinney & Strauss LLC grew its stake in SIX by 15.8%. Invesco Ltd. grew their stake by 2.7% and owns 8,701,651 shares now. Geode Capital Management LLC bought 5,246,346 shares and grew it by 141,127.
Finance
Advisor Group Holdings Inc. Grows Position in Las Vegas Sands Corp. (NYSE:LVS)
The Motley Fool

Macao's Casino Stocks May Never Recover From COVID-19

Entertainment venues in the U.S. have opened and are running full speed ahead. The COVID-19 pandemic has impacted business, but we don't see lockdowns and restrictions that bring entire operations to a screeching halt anymore. Same can't be said for China and Macao, where lockdown are still a regular occurrence. Casinos in Macau are coming off another lockdown.
Covid
Macao's Casino Stocks May Never Recover From COVID-19
Defense World

Comerica Bank Sells 5,069 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Comerica Bank lowered its position in Las Vegas Sands Corp. (NYSE:LVS) by 14.8% in the 1st quarter. The firm owned 29,227 shares of the casino operator’s stock after selling 5,069 shares during the quarter, whereas it owned 30,823 shares at the end of last quarter and it had a market value of $1,125,000. Capital World Investors lifted its stake in shares Las Las Sands by 74.1% during 4th quarter; State Street Corp increased its holdings by 3.4% and now owns 13,504,621 shares. Barrow Hanley Mewhinney & Strauss LLC increased it's stake by 15.7% to 8,800,528 shares in 4ths. Invesco Ltd. increased her stake to 2.70% as well.
Finance
Comerica Bank Sells 5,069 Shares of Las Vegas Sands Corp. (NYSE:LVS)
Defense World

Daiwa Securities Group Inc. Has $1.03 Million Stake in Las Vegas Sands Corp. (NYSE:LVS)

Daiwa Securities Group Inc. grew its position in Las Vegas Sands Corp. (NYSE:LVS) by 29.3% in the 1st quarter. The fund owned 26,604 shares of the casino operator’s stock after buying an additional 6,031 shares during the quarter, which is worth $1.03 million. Teacher Retirement System of Texas lifted its holdings in shares Las Las Vegas Sands by 14.1% during 4th quarter and now owns 97,735 shares. NewEdge Wealth LLC lifted her holdings by 15.9% and bought 9,613 shares, valued at $362,000. Desjardins Global Asset Management Inc acquired a new stake in Vegas Sates in 4ths quarter worth approximately $40,00. North Star Investment Management Corp lifted it's holdings of Vegas sates by 28.2% to 20,025 shares in last 4 months.
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Daiwa Securities Group Inc. Has $1.03 Million Stake in Las Vegas Sands Corp. (NYSE:LVS)
Defense World

Truist Financial Corp Raises Stock Position in Las Vegas Sands Corp. (NYSE:LVS)

Truist Financial Corp raised its stake in Las Vegas Sands Corp. (NYSE:LVS) by 35.4% during the first quarter. The firm owned 23,805 shares of the casino operator’s stock after purchasing an additional 6,229 shares during that period. Capital World Investors increased its position in LVS by 74.1% in the 4th quarter and now owns 34,255,198 shares. Barrow Hanley Mewhinney & Strauss LLC increased their position by 15.8% and owns 8,835,528 shares now. Bank of Montreal Can grew its positions in shares L VS by 138.0%. Korea Investment CORP grew it's position with 1,019,100 shares and bought 909,800 shares in 4ths. ARGA Investment Management LP grew her position. with 610,670 shares worth $22,986,000.
Finance
Truist Financial Corp Raises Stock Position in Las Vegas Sands Corp. (NYSE:LVS)
Defense World

Avantax Advisory Services Inc. Buys New Position in Las Vegas Sands Corp. (NYSE:LVS)

Avantax Advisory Services Inc. bought a new stake in Las Vegas Sands Corp. (NYSE:LVS) during the first quarter. The firm bought 6,965 shares of the casino operator’s stock, valued at approximately $269,000. Mizuho Securities Co. Ltd. purchased a position in shares. of Las Las Vegas Sands during first half worth approximately$39,500. Desjardins Global Asset Management Inc purchased position worth $40,00. Confluence Wealth Services Ltd purchased $39.00 position. Bessemer Group Inc raised its stake by 54.7% in fourth quarter and now owns 1,142 shares in the company. First Horizon Advisors Inc grew its holdings in share by 140.2% during fourth month.
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Avantax Advisory Services Inc. Buys New Position in Las Vegas Sands Corp. (NYSE:LVS)
Defense World

Las Vegas Sands Corp. (NYSE:LVS) Stock Holdings Lowered by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. reduced its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 0.7% during the first quarter. The institutional investor owned 831,711 shares of the casino operator’s stock after selling 5,789 shares during that quarter, whereas it owned 0%. Other hedge funds and other institutional investors also made changes to their positions in LVS. Capital World Investors raised its position in shares. of Las Las Sands by 74.1% in the 4th quarter and now owns 34,255,198 shares, worth $1.289,366,000. Barrow Hanley Mewhinney & Strauss LLC increased its positions by 15.8% and owns 8,835,528 shares worth £332,570,00. Bank of Montreal Can increased position by 138.0% to $44,950, 000.
Finance
Las Vegas Sands Corp. (NYSE:LVS) Stock Holdings Lowered by Sumitomo Mitsui Trust Holdings Inc.
Defense World

Oregon Public Employees Retirement Fund Lowers Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Oregon Public Employees Retirement Fund reduced its stake in Las Vegas Sands Corp. (NYSE:LVS) by 1.3% in the 1st quarter. The institutional investor owned 27,607 shares of the casino operator’s stock at the end of last quarter, but it owned $1,073,000 at end. Spire Wealth Management increased its holdings in shares. Newbridge Financial Services Group Inc. acquired a new stake. Kestra Advisory Services LLC increased their holdings by 312.1% and now owns 98,563 shares, valued at $3.710, 000. Russell Investments Group Ltd. raised its position in LVS by 9.6% during the fourth quarter and owns 36,609 shares worth $2,377,00. International Assets Investment Management LLC purchased a stake worth about $616,500.
Jobs
Oregon Public Employees Retirement Fund Lowers Holdings in Las Vegas Sands Corp. (NYSE:LVS)
Pulse 2.0

Las Vegas Sands (LVS) Stock: Why Its Trending Today

The Las Vegas Sands Corp. stock is trending today. The price fell by over 6% during intraday trading. Investors are responding negatively to new COVID lockdowns in Macau due to a COVIED outbreak. All of the casinos in the city were shut down for the first time in over two years today and Macao residents were ordered to stay at home.
Covid
Las Vegas Sands (LVS) Stock: Why Its Trending Today
Proactive

Casino Stocks, Oil Prices Tumble On China Lockdowns

Macau has begun a citywide lockdown to combat rising coronavirus cases. The restrictions will continue for at least a week. Wynn Resorts and Las Vegas Sands are down 7% and 9%. MGM Resort International is down 2%.
Covid
Casino Stocks, Oil Prices Tumble On China Lockdowns
InvestorsObserver

Premarket Mover: Las Vegas Sands Corp. (LVS) Down 5.32%

Las Vegas Sands Corp. (LVS) is down 5.32% in pre-market trading to 32.55. The stock has risen 2.63% over the past month. LVS has an average analyst recommendation of Strong Buy. It has a Long-term Technical rank of 56 and an Overall Score of 39.
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Premarket Mover: Las Vegas Sands Corp. (LVS) Down 5.32%
The Street

Las Vegas Strip Casino Leaders Take Unexpected Covid Hit

Covid has flared up and is causing problems for three Las Vegas-based companies. Caesars Entertainment and MGM Resorts International took a hit during the pandemic. The city's casinos, hotels and restaurants were closed for about two months. Trade shows were cancelled or went virtual. Consumer Electronics Show returned in January 2022.  By March Madness and late-April's NFL Draft, the Strip was operating nearly normal.
Covid
Las Vegas Strip Casino Leaders Take Unexpected Covid Hit
Barron's

Las Vegas Sands Took a Macau Hit. Why Singapore Can Help.

J.P. Morgan analyst Joseph Greff lowered his estimates for Las Vegas Sands. He also boosted his estimate for Singapore. Las Las Sands is a dark horse among travel stocks. Two-thirds of analysts are bullish on LasLas Sands, with an average price target of $47.20. The shares were up 0.2% in Wednesday morning trading. The company's shares are off 7.5% for 2022. It's loss is only about half of the S&P 500's in 2022, while the Consumer Discretionary Select Sector SPDR (XLY) has fallen by nearly a third.
Covid
Las Vegas Sands Took a Macau Hit. Why Singapore Can Help.
Defense World

Wedbush Securities Inc. Sells 3,980 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Wedbush Securities Inc. lessened its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 35.3% during the 1st quarter. The fund owned 7,282 shares of the casino operator’s stock at the end of last quarter, but it now owns 3,980 shares. Mizuho Securities Co. Ltd. bought a new position in LVS in the first quarter worth $39,000. Desjardins Global Asset Management Inc purchased a stake in shares and it's worth about $40,00. Confluence Wealth Services Inc bought another stake worth around $41,500. Bessemer Group Inc lifted its stake by 54.7% in 4th quarter and now has a $43,142 valuation. First Horizon Advisors Inc increased its position by 140.2% and owns 1,554 shares now. Las Las Sands reports earnings for the quarter of ($0.40) and analysts expect it to post ($1.16) for this quarter as well.
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Wedbush Securities Inc. Sells 3,980 Shares of Las Vegas Sands Corp. (NYSE:LVS)
Defense World

Las Vegas Sands (NYSE:LVS) Price Target Cut to $56.00

Several institutional investors and hedge funds have recently made changes to their positions in LVS. Mizuho Securities Co. Ltd. acquired a new stake in shares of Las Vegas Sands in the 1st quarter valued at $39,000. Desjardins Global Asset Management Inc. bought a stake of $40,00 in Las Las Sands. Hudock Inc grew its position in Shares of L VS by 89.9% in 1ST quarter. Bessemer Group Inc bought 1,142 shares and grew it by 54.7% during the 4th quarter for $43,500.
Travel
Las Vegas Sands (NYSE:LVS) Price Target Cut to $56.00
Barron's

Here's What Could Drive Las Vegas Sands and Other Macau Casino Stocks Higher

Covid virus outbreak in Macau has pushed back the timeline of a full recovery for the Chinese gaming hub. Citigroup predicts that a broader reopening won't begin until the first quarter of 2023. However, most investors are willing to look past the current outbreak. George Choi believes there's reason to buy the stocks now in anticipation of the reopens and later this year they could get a boost from license renewals. He reiterated Buy ratings on Las Vegas Sands, Melco Resorts & Entertainment, MGM Resort International (MGM), and Wynn Reserves(WYNN).
Finance
Here's What Could Drive Las Vegas Sands and Other Macau Casino Stocks Higher
MarketBeat

Citigroup Cuts Las Vegas Sands (NYSE:LVS) Price Target to $56.00

Las Vegas Sands had a negative return on equity of 33.07% and a net margin of 46.40%. The firm's revenue was down 21.2% on a year-over-year basis. Sell-side analysts forecast that Las Vegas Strip will post -0.68 earnings per share for the current year. Several large investors have recently bought and sold shares of LVS. Amalgamated Bank boosted its position in Las Las Sands by 4.5% in the first quarter. Teachers Retirement System of The State of Kentucky bought 273,935 shares and now owns 299,485 shares. Mirae Asset Global Investments Co. Ltd. bought 30,717 shares worth $1,194,000. Kestra Private Wealth Services LLC bought 6,029 shares with a value of $234,00. Toroso Investments LLC increased its stake in L VS by 5. 2% during the 1st quarter and owns 9,348 shares now.
Incidents
Citigroup Cuts Las Vegas Sands (NYSE:LVS) Price Target to $56.00
Defense World

Hartford Investment Management Co. Reduces Holdings in Las Vegas Sands Corp. (NYSE:LVS)

Hartford Investment Management Co. lessened its position in shares of Las Vegas Sands Corp. (NYSE:LVS) by 6.6%. The fund owned 32,323 shares at the end of the first quarter. Mizuho Securities Co Ltd. purchased a new position. in Las Las Sands during the 1st quarter worth $39,000. Desjardins Global Asset Management Inc. bought a stake in the casino operator during 4th quarter for $40,00. Bessemer Group Inc lifted its holdings in LVS by 54.7% during last quarter and now owns 1,142 shares. First Horizon Advisors Inc bought 1.554 shares worth about $57,500 during fourth quarter, and it owns 907 shares in its portfolio.
Travel
Hartford Investment Management Co. Reduces Holdings in Las Vegas Sands Corp. (NYSE:LVS)
Defense World

AE Wealth Management LLC Trims Stock Position in Las Vegas Sands Corp. (NYSE:LVS)

AE Wealth Management LLC cut its stake in shares of Las Vegas Sands Corp. (NYSE:LVS) by 2.0%. The fund owned 38,220 shares and sold 779 shares during the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stakes in Las Las Sands by 15.8% during 4th quarter and now owns 8,835,528 shares. Korea Investment CORP raised their stake by 832.4% in the 4TH quarter, and owns 1,019,100 shares now. Bank of Montreal Can raised it's stake with 610,670 shares in LVS by 138.5%. ARGA Investment Management LP raised her stake within L VS by 606.3% and bought 624,208 shares last quarter as well.
Finance
AE Wealth Management LLC Trims Stock Position in Las Vegas Sands Corp. (NYSE:LVS)
Defense World

Koshinski Asset Management Inc. Sells 3,068 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Koshinski Asset Management Inc. decreased its position in Las Vegas Sands Corp. by 32.3% in the 1st quarter. The institutional investor owned 6,428 shares of the casino operator’s stock at the end of last quarter, but sold 3,068 shares during the quarter for a total of $250,000. Several other hedge funds and other institutional investors have also bought and sold shares in LVS. Fifth Third Bancorp grew its stake in shares. of Las Las Sands by 13.1% during 1ST quarter and now owns 99,303 shares, worth $3,860, 000. IFM Investors Pty Ltd grew their stake by 17.7% and owns 53,460 shares now. Mizuho Securities Co. Ltd. bought a new stake of shares LasLasSands in 1th quarter worth about $39,00.
Finance
Koshinski Asset Management Inc. Sells 3,068 Shares of Las Vegas Sands Corp. (NYSE:LVS)
Defense World

Las Vegas Sands Corp. (NYSE:LVS) Shares Bought by Xponance Inc.

Xponance Inc. bought a new stake in Las Vegas Sands Corp. (NYSE:LVS) during the first quarter. The fund owned 58,592 shares of the casino operator’s stock at the end of last quarter, but it also owned 1,874 shares during this period. Mizuho Securities Co. Ltd. purchased a shares worth $39,000. Bessemer Group Inc raised its holdings in shares by 54.7% during fourth quarter and now owns 1.142 shares. First Horizon Advisors Inc bought 1 1/2 shares and is now worth about $57,500. Las Las Sands posted its quarterly earnings on Wednesday, April 27th.
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Las Vegas Sands Corp. (NYSE:LVS) Shares Bought by Xponance Inc.
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Fifth Third Bancorp Acquires 11,528 Shares of Las Vegas Sands Corp. (NYSE:LVS)

Fifth Third Bancorp boosted its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 13.1%. The firm owned 99,303 shares of the casino operator’s stock after purchasing an additional 11,528 shares during the period. Capital World Investors increased its position in shares. Barrow Hanley Mewhinney & Strauss LLC increased their holdings by 15.8% in the fourth quarter. Geode Capital Management LLC bought 5,246,346 shares and now owns 5.246 million shares in her company. Invesco Ltd. increased her position by 2.7% during fourth-quarter.
Finance
Fifth Third Bancorp Acquires 11,528 Shares of Las Vegas Sands Corp. (NYSE:LVS)
Defense World

IFM Investors Pty Ltd Purchases 8,025 Shares of Las Vegas Sands Corp. (NYSE:LVS)

IFM Investors Pty Ltd bought 8,025 shares of Las Vegas Sands Corp. (NYSE:LVS) during the 1st quarter. The institutional investor owned 53,460 shares at the end of the previous quarter and now owns 8.025 million shares. Barrow Hanley Mewhinney & Strauss LLC bought 1,202,622 shares in the 4th quarter worth $332,570,000. Capital World Investors bought 14,576,547 shares during that period. State Street Corp raised its position in shares by 3.8% in 4ths. Invesco Ltd. bought 225,742 shares and owns 2,701,651 shares now.
Finance
IFM Investors Pty Ltd Purchases 8,025 Shares of Las Vegas Sands Corp. (NYSE:LVS)
Defense World

State of Alaska Department of Revenue Trims Stock Position in Las Vegas Sands Corp. (NYSE:LVS)

State of Alaska Department of Revenue cut its stake in Las Vegas Sands Corp. (NYSE:LVS) by 2.8% in the first quarter. The fund owned 48,365 shares of the casino operator’s stock after selling 1,410 shares during the period. Bessemer Group Inc. raised its holdings in shares. of Las Las Sands by 54.7% and now owns 1.142 shares, valued at $43,000. Desjardins Global Asset Management Inc purchased a new stake. in LVS in fourth quarter valued of $40,00. First Horizon Advisors Inc raised it's holdings by 140.2% by buying 907 shares in last quarter and owns $57,500. Core Alternative Capital purchased $58,200 in first half.
Finance
State of Alaska Department of Revenue Trims Stock Position in Las Vegas Sands Corp. (NYSE:LVS)
Defense World

Las Vegas Sands (NYSE:LVS) Shares Gap Up to $33.17

Las Vegas Sands (NYSE:LVS) shares gapped up prior to trading on Tuesday. The stock had previously closed at $33.17, but opened at $35.11. It is the company's market cap. Las Vegas Sates reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($.24) by ($16). The company had revenue of $943.00 million during the same quarter as the previous year. Teachers Retirement System of The State of Kentucky grew its position in Las Las Vegas Sands by 1,072.2% in the 1st quarter.
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Las Vegas Sands (NYSE:LVS) Shares Gap Up to $33.17
Markets Insider

Casino Stocks WYNN, LVS, MGM, MLCO Gain on Easing Covid-19 Restrictions

China is starting to lift its lockdown protocols. The country is reporting the lowest number of new cases since early February. This means that the Chinese economy is making up lost ground. Casino stocks are rising on the news. Several of the largest U.S. casino companies have holdings in China. MGM Resorts International is up less than 1%, Las Vegas Sands (NYSE:LVS), Wynn Resort (NASDAQ:WYNN) and Melco Resorting & Entertainment (Nasdaq:MLCO) are up more than 8%.
Covid
Casino Stocks WYNN, LVS, MGM, MLCO Gain on Easing Covid-19 Restrictions
Defense World

DNB Asset Management AS Sells 8,794 Shares of Las Vegas Sands Corp. (NYSE:LVS)

DNB Asset Management AS sold 8,794 shares of Las Vegas Sands Corp. (NYSE:LVS) during the first quarter. The fund owned 42,920 shares at the end of the quarter and it has $1.668 million worth of investment in the company. IFP Advisors Inc. lifted its position in Las Las Sands by 1.2% in 4th quarter, and now owns 23,472 shares. Mutual of America Capital Management LLC bought 44,898 shares and lifted her position by 0.6%. K.J. Harrison & Partners Inc bought 9,800 shares worth $369,000 in last quarter; Daiwa Securities Group Inc owns 20,573 shares, worth about $774, 000.
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DNB Asset Management AS Sells 8,794 Shares of Las Vegas Sands Corp. (NYSE:LVS)
Defense World

New Mexico Educational Retirement Board Has $775,000 Position in Las Vegas Sands Corp. (NYSE:LVS)

New Mexico Educational Retirement Board cut its holdings in Las Vegas Sands Corp. (NYSE:LVS) by 5.2% during the first quarter. The fund owned 19,950 shares of the casino operator’s stock after selling 1,100 shares during that period. Desjardins Global Asset Management Inc. bought a new stake in the company in 4th quarter worth $40,000. Teacher Retirement System of Texas increased its stake by 14.1% in shares. North Star Investment Management Corp boosted its position in Vegas sands by 28.8% and now owns 20,025 shares, valued at $754,00.
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New Mexico Educational Retirement Board Has $775,000 Position in Las Vegas Sands Corp. (NYSE:LVS)
Defense World

Las Vegas Sands (NYSE:LVS) Given a $42.00 Price Target at UBS Group

Several institutional investors and hedge funds have bought and sold shares of Las Vegas Sands. Verition Fund Management LLC bought a new stake in Las Las Sands in the 3rd quarter worth $703,000. Thrivent Financial for Lutherans bought 14,747 shares. Chartwell Investment Partners LLC increased its holdings in Vegas Sates by 27.3% in 3st quarter. Migdal Insurance & Financial Holdings Ltd. bought 7,319 shares and increased their holdings by 5.5%. Cetera Advisor Networks LLC acquired 4,140 shares in last quarter and owns 15,585 shares now.
Finance
Las Vegas Sands (NYSE:LVS) Given a $42.00 Price Target at UBS Group
Seeking Alpha

Macau rocked by local COVID cases which threaten casino traffic

Macau has its first COVID-19 outbreak in eight months. 21 preliminary-positive cases were reported in the local community as of Sunday evening. Schools and non-essential businesses were shut down until at least Tuesday to allow time for mass testing of all residents. Wynn Macau (OTCPK:WYNMF) (OWYNN) fell 3.4%, SJM Holdings (SJMHF) dropped 3,2%, while Sands China (OTCPK/SCHYF), MGM China and Galaxy Entertainment (GXYEF) were off 1.1%. Melco Resorts & Entertainment, Wynnn Resort (WNN), Las Vegas Sands (LVS) and MGM Reserves (MGM) could see an impact when they open back up for trading on Tuesday.
Covid
Macau rocked by local COVID cases which threaten casino traffic
Defense World

Las Vegas Sands Corp. (NYSE:LVS) Given Average Rating of “Hold” by Analysts

The average price objective among brokers that have covered the stock in the last year is $50.17. The company’s market capitalization is valued at $24.20 billion. Las Vegas Sands reported ($0.40) earnings per share for the quarter, missing the consensus estimate by ($.16). The business had revenue of $943.00 million during the same period last quarter. Analysts predict that Las Las Vesta Sands will post -064 earnings for this fiscal year. Capital World Investors increased its stake in LasVegas Sands by 74.1% during last 4th quarter and now owns a stake of 1.5%.
Finance
Las Vegas Sands Corp. (NYSE:LVS) Given Average Rating of “Hold” by Analysts
Seeking Alpha

New Macau gaming bill advances to final vote

The final version of the gaming law passed by the Macau Legislative Assembly allows for six new concessions with a maximum term of 10 years and a three-year extension possible under certain circumstances. Satellite casinos will be allowed to continue to operate under a management fee agreement but cannot participate in the profit sharing or commission agreement with gaming concessionaires. The minimum capital requirement of 5B patacas must be maintained throughout the license period.
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New Macau gaming bill advances to final vote
Defense World

Analysts Set Las Vegas Sands Corp. (NYSE:LVS) PT at $49.54

Las Vegas Sands Corp. (NYSE:LVS) has received a consensus recommendation of “Hold” from the fifteen analysts that are covering the company. Two analysts have rated the stock with a sell recommendation, four have a hold recommendation and three have given a buy recommendation to the firm. The average twelve-month target price among analysts has been $49.54. LVS has had several recent research reports. Morgan Stanley cut their target prices on shares of Las Vegas. Sands from $44.00 to $39.000 and set an ‘equal weight’ rating on the shares. Deutsche Bank cut the target on Las Las Sands to-$53.
Finance
Analysts Set Las Vegas Sands Corp. (NYSE:LVS) PT at $49.54
Defense World

Las Vegas Sands Corp. (NYSE:LVS) Receives Consensus Recommendation of “Hold” from Analysts

Las Vegas Sands Corp. (NYSE:LVS) has received an average recommendation of “Hold” from the fifteen analysts that cover the stock. Two analysts have rated the company with a sell recommendation, four with hold recommendation and three with buy recommendation. The average 12-month price objective among analysts who have covered the firm is $49.54. Several analysts recently commented on LVS. Zacks Investment Research raised Las Vegas Sates from a ‘sell’ to a hold rating. Wells Fargo & Company raised their target price on Las Las Sands from $41.00 to $45.000. Stifel Nicolaus decreased their price target on the casino operator from $56. 00 to  $46.
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Las Vegas Sands Corp. (NYSE:LVS) Receives Consensus Recommendation of “Hold” from Analysts
Seeking Alpha

Macau casino revenue plunges to 18-month low

Gross gaming revenue in Macau fell 68% year-over-year during April to 2.68B patacas ($331M). It was the lowest tally for the gambling region in 18 months. COVID restrictions in Shanghai, Beijing and Hong Kong cut into traffic to Macao during the month. JPMorgan warned meaningful easing to travel may only be seen late this year before ramping up toward a full recovery in 2023. Bank of America remains constructive on the Macua sector.
Finance
Macau casino revenue plunges to 18-month low
Asgam

Court rules in favor of Las Vegas Sands in US$12 billion battle with former Macau partner

Court of First Instance rules in favor of Las Vegas Sands Corp in a long-running battle against its former Macau partner, Asian American Entertainment Corporation. AAEC had been seeking around MOP$96.5 billion as compensation for alleged breach of contract after LVS exited their joint bid for a Macao casino license in 2002 and linked with Galaxy Entertainment Group instead. The case was dismissed in 2010. In January 2019, AA EC filed a suit against Venetian Maca Ltd, Las Las Sands Nevada, and Venetaian Casino Resorts LLC.
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Court rules in favor of Las Vegas Sands in US$12 billion battle with former Macau partner
Defense World

Las Vegas Sands (NYSE:LVS) Announces Earnings Results, Misses Expectations By $0.16 EPS

California State Teachers Retirement System grew its stake in Las Vegas Sands by 4.3% in the fourth quarter. California State teachers pension fund now owns 621,303 shares of the casino operator’s stock valued at $23,386,000. Amalgamated Bank grew her stake by 13.5% during the first quarter and now has 86,131 shares. Weiss Multi Strategy Advisers LLC purchased a new stake of $2,258,00. Advisors Asset Management Inc. grew it's stake with 58,913 shares worth $1,217,200.
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Q4 2022 EPS Estimates for Las Vegas Sands Corp. (NYSE:LVS) Decreased by Jefferies Financial Group

The business had revenue of $943.00 million for the quarter. The company had a negative net margin of 22.70%. In the same quarter in the prior year, the firm posted ($0.25) earnings per share. Mizuho Securities Co. Ltd. bought a new stake in Las Vegas Sands in first quarter worth $39,000. Desjardins Global Asset Management Inc. acquired a position in LVS during the fourth quarter of worth about $40,00. Confluence Wealth Services Inc bought an additional $4,500 in shares of L VS. Bessemer Group Inc raised its position by 54.7% in fourth month.
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Stifel Nicolaus Trims Las Vegas Sands (NYSE:LVS) Target Price to $46.00

Stifel Nicolaus reduced Las Vegas Sands’ price target from $56.00 to $46.000 in a research report. The price objective suggests a potential upside of 34.70% from the stock's previous close. Bank of America lowered shares of Las Las Sands from a “neutral” to an ‘underperform“ rating and reduced their price for the company from $ 46.0 to $40.50. Deutsche Bank Aktiengesellschaft dropped their target price on shares LasLas Sands to from £53.20 to £50, and lifted their target for them from €39.80 to €45.
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Stifel Nicolaus Trims Las Vegas Sands (NYSE:LVS) Target Price to $46.00