Las Vegas Sands Corp. (LVS)

casinos will be making a come back as econy bottoms out.

It is simple: too few people in Vegas - LVS too much debt.

The CEO owns a huge amount of stock. He won't let this company fail. Today they received $600 million in additional financing. They will be raising money on their Macau assets through a Hong Kong IPO. Early next year they will be opening a casino in Singapore which many experts think will be the worlds most profitable.

Expansion into Macau will generate good returns

They say the only way to win at Las Vegas gambling is to not bet. Except for Las Vegas casino stocks, which the odds are going to zero. An overbuilt and over-hyped city built on illusion of the "wealth effect" Americans are losing and will not likely return for decades.

Las Vegas will die a slow death. Every state wants gambling revenue, so will broke Americans drive / fly all the way to Vegas or drive 20 minutes to the Indian or River Boat Casino to lose their money?
Would you want to retire in 100+ degree heat?
Eventually, water, electric and food will become pricey as oil is not coming down and Las Vegas is in the middle of a NO WHERE DESERT, no water, no food near by and increased transportation costs. Cash in your chips and walk away, is my recommendation.

Looking for LVS to sell Macau asset to raise extra cash. Lack exponential growth these few years but in the longer term things are more positive.

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!

This stock was @ $140 a year ago. LVS is planning to open the one and only casino in Singapore by end of 2009. Also Casinos in Macao China. Bad economy, credit problems might affect Las Vegas, but in China & most of the Asian countries where people save 40% of their incomes will still go to Casino, they have no credit issues. Chinese people love casinos. Very bullish on this stock.

Casino, lots of debt, down but not out

Casinos make commissions off a human instinct that will never go away.

Economic troubles mean casino stocks will not recover swiftly in the short term, but a good time to buy up all of them is at the height of troubles.

i like that the price has dropped

Stock is trading very low. When the market picks back up, people will flock back to their casinos. Most asians love to gamble. LVS is building up in Asia. I wont be suprised to see this in the 50s a year or two after the market goes bull.

Forget about Las Vegas. If you wait for the Vegas crowds to return you'll be late to the party. LVS is all about Asia - China still managed 6.8% GDP (4th quarter 08) growth in the face of a global economic meltdown. Who thinks America is going to recover faster then China? Seriously. Macau revenues are currently hamstrung by politics - not public demand. Have you SEEN the Macau Venetian??? The Chinese are HARD CORE when it comes to gambling. Hang out in some California casinos and you'll know what I'm talking about.

The Marina Bay Sands Resort will open in 2009 for our wealthy Singapore friends. Hell, I might not invite Sheldon Adelson to Thanksgiving dinner, but I wouldn't bet against his Lucky Dragon, either.

Picking stocks based on holdings of a top mutual fund in my 401k.

huge debt. but well i am betting on this

The turnaround is done and they are ready for new growth

P/E 57
Huge debt

GOING UP

This stock is 69% owned by the CEO and his family trust and he will make sure he will outperform his investment in china and singapore