Why It May Be Time to Bet on Las Vegas Sands

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CNBC

Jefferies upgrades Las Vegas Sands, Wynn Resorts on Macao reopening

Jefferies on Monday upgraded Las Vegas Sands and Wynn Resorts after Macao announced its plan to allow Chinese tour groups back in the casinos as soon as November. The Wall Street firm boosted the rating for the casino operators to buy from hold following news that the Macau government said it will resume visitation access from mainland China…

Travel ・ 26 September 2022

Review Journal

Macao casino reopen, but business continues to be slow and will be for some time

The good news for Macao's 41 casinos is that the government has allowed the properties to open their doors again. The bad news: Not many people are coming through them. The fact that tourists face a seven-day quarantine before being allowed into the region is one big reason for the lack of visitors, according to a source familiar with the situation…

Covid ・ 27 July 2022

The Nevada Independent

Singapore resort keeps Las Vegas Sands afloat as Macau continues to crater

For the near term, Las Vegas Sands is a single casino company. Sands sold its Las Vegas holdings in February and its Macau casinos are operating at roughly 50 percent following a two-week shutdown tied to increased COVID-19 infections. The company relies on the Marina Bay Sands in Singapore for the majority of its revenue and cash flow. Last week,…

Covid ・ 27 July 2022

The Street

Las Vegas Casinos Should See Bump From Macau Reopening

Macau has been in dire straits for more than the past week. Earlier this month, the Chinese government announced that it would close all casinos in Macau starting July 11 as the region battles a covid-19 outbreak that infected nearly 1500 people over a three week period in the city of 680000. During previous outbreaks, the Chinese government had…

Land-based ・ 21 July 2022

Wild Casino

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Review Journal

Sands casinos among properties that will be allowed to reopen Saturday morning

Las Vegas Sands Corp., operators of casinos in Macao and Singapore, reported tepid second-quarter revenue results Wednesday as health restrictions in Macao continued to batter resort operators there. The Las Vegas-based casino company reported a loss of $440 million, 38 cents a share, on revenue of $1.045 billion for the quarter that ended June 30.…

Covid ・ 20 July 2022

Seeking Alpha

Las Vegas Sands Has A Macau And Convention Revenue Problem (NYSE:LVS)

Macau casino stocks are a rough place to have cash, now that lockdowns akin to the 2020 ones are being reinstituted as part of China's zero-COVID effort. Market declines are pricing in about 250 days of lockdown in Macau for big player Las Vegas Sands (NYSE: LVS) which might be excessive. New cash proceeds from the Las Vegas sales help out the debt…

Finance ・ 18 July 2022

The Street

Las Vegas Strip Casino Leaders Take Unexpected Covid Hit

Covid crushed the travel business and few cities took a bigger hit than Las Vegas. Under orders from Nevada Gov. Steve Sisolak (D), the city's casinos, hotels and restaurants closed for roughly two months in the early days of the pandemic. The reopening of Sin City was a slow process, with the two biggest Las Vegas Strip players -- Caesars…

Covid ・ 11 July 2022

Barron's

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

For investors willing to roll the dice on travel stocks, Las Vegas Sands got another vote of confidence Wednesday. With another quarter in the books without a Macau reopening, J.P. Morgan analyst Joseph Greff lowered his estimates for Las Vegas Sands (ticker: LVS). And although he writes that this "is not at all surprising to investors," he also…

Covid ・ 06 July 2022

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Barron's

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

It used to be that in Macau, two pips on a pair of dice-snake eyes-were the most unwelcome sight. Now it's two lines on a Covid-19 test. Indeed, the most recent outbreak of the virus on the island has Citigroup forecasting that a broader reopening won't begin until the first quarter of 2023. Yet that doesn't mean the casino stocks aren't a buy…

Finance ・ 05 July 2022

Barron's

Las Vegas Sands Stock Could Win Big as China Eases Zero-Covid Rules

China's decision to ease its entry requirements for international travelers is a step toward a fuller reopening and away from a zero-Covid strategy. It also signals an eventual reopening of its Macau casinos. It may be the right time to bet on Las Vegas Sands (ticker: LVS). The thesis is simple: Las Vegas Sands gets a little over two-thirds of its…

Covid ・ 02 July 2022

Review Journal

Macao gaming revenue slumps by 68 percent in May

On the day Chinese authorities lifted COVID-19 restrictions in Shanghai, Macao's Gaming Inspection and Coordination Bureau reported another steep decline in gross gaming revenue for the month of May. The bureau that monitors gaming revenue for Macao's 41 casinos - including several owned and operated by three Las Vegas-based companies - reported…

Finance ・ 02 June 2022

Seeking Alpha

Las Vegas Sands, Casino stocks surge as Shanghai looks set to end lockdowns (NASDAQ:WYNN)

Casino stocks led the S&P higher on Friday as news of a potential end to lockdowns in China sent gaming stocks skyward. Per the Associated Press, officials in Shanghai are considering a reopening "in a few days" as case numbers fall. The nation's most populous city is seen as a key bellwether for the country's Zero-COVID policy, therefore holding…

Covid ・ 13 May 2022

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Seeking Alpha

Macau casino stocks are falling again as COVID restrictions pick up

Macau casino stocks moved lower after developments in China over the weekend increased concerns that the COVID disruption will extend. Beijing is now a region of increased focus with authorities in the capital sealing off entrancing of public housing blocks and closing off entire streets with wire mesh fences, according to Reuters. Meanwhile, the…

Covid ・ 25 April 2022

Markets Insider

JPMorgan Analyst Upgrades Las Vegas Sands, Optimistic About Macau Gaming License Renewal

A day after casino stock Las Vegas Sands Corp. (NYSE: LVS) was hit with a Wall Street downgrade, the stock bounced back on Tuesday when it was upgraded by another analyst. The Analyst: JPMorgan analyst Joseph Greff upgraded Las Vegas Sands from Neutral to Overweight and raised his price target from $36 to $48. The Thesis: In the upgrade note, Greff…

Covid ・ 12 January 2022

Texas News Today

Casino stocks rise as Macau relaxes regulations

Casino stocks are skyrocketing this week. Las Vegas Sands, Win, Caesars, Penn National Gaming and MGM Resort have all surged recently, gaining significant boost after gambling destination Macau relaxed restrictions on visitors from mainland China on Tuesday. .. This group has been extremely volatile for the past 18 months and has been hit hard by…

Finance ・ 25 August 2021

GGRAsia

MBS casino reopens with 2-person limit at gaming tables

The Marina Bay Sands (MBS) casino resort in Singapore said in a statement on its website that it had reopened its gaming facilities on Thursday (August 5). The venue was shut on July 22, after being linked to a cluster of fresh Covid-19 infections in the city-state. The property (pictured in a file photo) is operated by a subsidiary of…

Land-based ・ 06 August 2021

Zacks

Betting on a Las Vegas Comeback

One of my favorite places in the world is Las Vegas. The lights, the casinos, the action and just the overall atmosphere make this city an annual destination for me. However, Las Vegas was shut down for over a year due to COVID-19 restrictions. We couldn't visit most of the places we love at the height of the pandemic. Even when things opened up a…

Sports ・ 25 June 2021

Yogonet

Las Vegas Strip accounts for nearly all Nevada casino profit between July 2019 and June 2020

ccording to the Nevada Gaming Control Board's Nevada Gaming Abstract - 2020, casinos he Las Vegas Strip pulled the state to high profits in the fiscal year that began in July 2019 and ended June 30, 2020, about three and a half months after resorts closed down in the coronavirus pandemic. The state's casinos made $2.89 billion during that period,…

Land-based ・ 04 February 2021

The Motley Fool

The 3 Largest Gambling Stocks in 2020

The gambling industry is certainly an interesting place for investors to seek opportunity today. The casino side of the industry is in turmoil right now, as COVID-19 has changed the game for the leading players. However, if and when a COVID-19 vaccine is approved for safe use, these beaten-down stocks could surge big time. On the other hand, the…

Sports ・ 19 January 2021

Review Journal

Las Vegas casinos modifying smoking policies amid coronavirus

Las Vegas casinos are modifying their smoking policies amid the pandemic. On June 18, Las Vegas Sands Corp. updated its health and safety plan to ask table game players and spectators to refrain from smoking or vaping. Spokesman Keith Salwoski said the change was made when the company announced face coverings would be required at table and card…

Land-based ・ 19 January 2021

Review Journal

Las Vegas hotel-casinos strive to gauge visitor demand

When one door closes, another opens. Las Vegas casino operators seem to be taking that adage to heart this month. Last week, Caesars Entertainment Corp. announced that it would reopen its fifth casino, Bally's, this month. Meanwhile, Las Vegas Sands Corp. is set to close its Palazzo hotel tower on weekdays, limiting its available rooms for the…

Land-based ・ 06 February 2021

Audacy

Back In Business: Many Vegas Casinos Reopening Tomorrow

LAS VEGAS, NV (KXNT) - After being forced to shut down for more than two months in an effort to slow the spread of the coronavirus, Nevada casinos can turn on the machines and set the tables beginning tomorrow morning at 12:01. While it's hard to predict what the demand will be, early signs from casinos that have opened out east show that a lot of…

Travel ・ 08 February 2021

ABC News

Masks, separated slots, more cleaning once casinos reopen

ATLANTIC CITY, N.J. -- The coronavirus could be a literal game changer once America's casinos reopen. Many decisions remain to be made. But prepare to have your temperature scanned at the door. Maybe a half or third of slot machines will work. Every other table could be closed, and there could even be plexiglass barriers between dealers and…

Politics ・ 07 February 2021

TipRanks

Las Vegas Sands Stock (NYSE:LVS) Should Continue Skyrocketing on China’s Reopening

Invariably, a hot-streaking enterprise like Las Vegas Sands (NYSE:LVS) raises concerns about whether it can continue skyrocketing. Obviously, no one wants to buy at the peak only to hold the bag later. However, Las Vegas Sands may indeed overcome objections based on a key catalyst: China, China, China. Therefore, I am bullish on LVS…

Finance ・ 02 February 2023

TipRanks

MLCO, MGM, or LVS: Which Casino Stock Could be the Best Bet in 2023?

Stocks of casino operators with exposure to Macau, an administrative region in China and a major gambling destination, have rallied recently on hopes of strong recovery following the easing of COVID-19 restrictions. Moreover, Macau granted new licenses to six casino operators in late 2022 for a period of ten years. Additionally, certain analysts…

Land-based ・ 11 January 2023