$16.13
0.01 (+0.06%)
Las Vegas Sands Corp. (LVS)
CAPS Rating:
The Company owns and operates The Venetian Resort Hotel Casino and The Sands Expo and Convention Center in Las Vegas, Nevada, and the Sands Macao Casino in Macau, China.
RSS Headlines
Fool UK
Recs
I am reading a lot of negative feedback about Las Vegas. Looks like a bunch of jealous, uneducated individuals. Vegas is not going anywhere. Some casino stocks may be down, but how much really isn't? Based on the rationale of several of these ignorant posts, we will not have a single bank in the United States in a few months. Give me a break... Las Vegas may be slower than the past few years, but it is still doing extremely well (from a tourism, revenue, and overall population standpoint) in comparison to most major US cities. Just because gaming revenue is down year-to-year, these companies are still generating substantial revenue and will continue to do so.
One person in particular called Vegas a "ghost town" - come on, are you serious? Have you been to Las Vegas... ever? 200,000-500,000 tourists visiting and spending money on any given weekend (not including the 1.9 million residents) is hardly a ghost town. Travel to any other traditional tourist destination and THEN compare it to Las Vegas - you may want to rethink your logic (or serious lack there of).
Also, there may not be a "government bailout" for Las Vegas, but there sure is a taxpayer subsidized bailout - the millions of taxpaying tourists that travel to Las Vegas every year are still gambling, dining, drinking, shopping, staying in hotels, going to shows, etc... Casinos don't need to ask the government for taxpayer's money - they are spending it here anyway. Again hundreds of millions in gaming revenue each month may be a few hundred short (in comparison to recent years) during these economic times, but it is still hundreds of millions in revenue. Remember the 1970s, 1980s, or even 1990s? Las Vegas is the Entertainment Capital of the World and has repeatedly reinvented itself while sustaining growth in some of the worst economic times in the past four decades - what makes you think that it will stop this time around?
Get a clue people!
vegas will rebound, going there in may to check it out and will let you know, unfortunately staying at caesars as i booked before buying LVS. have been waiting for the accumulation in the past weeks, you notice on heavy volume days the stock ends sharply higher, lower volume days stock price falls off somewhat. obviously LVS is a traders dream right now but feel there is a lot of upside here short term and long term. after this weeks general market performance with the dow up 9% maybe we have seen the bear bottom. all we need is stability in the banking system and we are off. right now all is see is positives for LVS and the whole vegas market. did we see a lot of short covering? would not want to be caught in any of WYNN, MGM or LVS as a short now.
I agree with you for the most part. I don't think LVS is going anywhere, I don't think the Vegas stocks are likely to go bust because of the draw Las Vegas and other gambling related tourist attractions have. I have family that has recently been to Las Vegas who have talked with the dealers and staff. The general feeling about people working in Las Vegas is that although people are still drawn to Las Vegas as a vacationing point and the casinos and travel companies are offering great deals to get people there, the tourists are not spending as much as they used to. The staff references that the tourist population is still high, but tourists are less likely to open their wallets as wide as previously. As soon as the banking industry and auto industry true up and the layoffs stop, Vegas will be back on top and LVS will be a $100 per share stock again. I only own 55 shares at this time as I am dabbling in just a few things due to my financial position, but I still think it's a great investment.
I live in Vegas. My wife and I go out for the night and we say " thought the economy was bad, but this town is packed and every one sure seems to be gambling. "
Vegas will always be a fun destination, but LVS is crumbling under excessive debt loads. They continue to expand and build, using mre than 100% of free cash flow to accomplish this. Dillution seems likely, as LVS has said they will sell assets or issue shares to pay down debt.