Las Vegas Sands (NYSE: LVS), a leading developer and operator of gaming resorts in the U.S. and Asia, has the combination of a strong chart and powerful fundamental growth story. Since its June 2013 low, shares have surged nearly 85%, and the company has strong revenue and earnings’ growth potential. #-ad_banner-#Las Vegas Sands’ luxurious properties house classy convention centers, elaborate exhibition facilities, premium hotel accommodations, upscale retail outlets, and most importantly, world-class gaming and entertainment complexes. While the company obviously operates in Las Vegas, its facilities have become especially popular in Macau. Macau is China’s only legal gambling district. An… Read More
Las Vegas Sands (NYSE: LVS), a leading developer and operator of gaming resorts in the U.S. and Asia, has the combination of a strong chart and powerful fundamental growth story. Since its June 2013 low, shares have surged nearly 85%, and the company has strong revenue and earnings’ growth potential. #-ad_banner-#Las Vegas Sands’ luxurious properties house classy convention centers, elaborate exhibition facilities, premium hotel accommodations, upscale retail outlets, and most importantly, world-class gaming and entertainment complexes. While the company obviously operates in Las Vegas, its facilities have become especially popular in Macau. Macau is China’s only legal gambling district. An Asian casino hotspot, it has wrested the title of the world’s casino capital from Las Vegas. Since 2002, when China opened Macau to foreign casino operators, gaming revenue has surged from less than $3 billion a year to $45 billion in 2013, which represents a 19% increase from 2012. In comparison, Las Vegas has struggled to recover from the financial crisis, and 2013 revenue was up just 3% year over year, to $6.4 billion. This year, Deutsche Bank analysts project gambling revenue in Macau will rise 20% from 2013 levels. By 2017, analysts at brokerage firm CLSA expect $77 billion… Read More