LVS Las Vegas Sands Corp. featured news, full reports, and detailed charts
Las Vegas Sands Corp. (LVS) Wrap Up:
Las Vegas Sands Corp. and its subsidiaries develop multi-use integrated resorts worldwide. It owns and operates The Venetian Resort Hotel Casino, The Palazzo Resort Hotel Casino, and The Sands Expo and Convention Center in Las Vegas, Nevada; and the Sands Macao, The Venetian Macao Resort Hotel, and the Four Seasons Hotel Macao, Cotai Strip in Macao, the People?s Republic of China. The company is also developing Marina Bay Sands, an integrated resort in Singapore; and Sands Casino Resort Bethlehem, an integrated resort in Bethlehem, Pennsylvania. Las Vegas Sands Corp. was founded in 1988 and is headquartered in Las Vegas, Nevada.Las Vegas Sands Corp. (LVS:NYSE)
Snapshot of Las Vegas Sands Corp. (LVS)
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OPEN
$16.52
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PREVIOUS CLOSE
$16.95
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DAY HIGH
$16.76
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DAY LOW
$16.16
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52 WEEK HIGH
09/16/09 - $20.73
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52 WEEK LOW
03/9/09 - $1.38
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MARKET CAP
10.8B
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AVERAGE VOLUME 3 mo
28.9M
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DILUTED EPS TTM
$-0.92
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SHARES OUTSTANDING
660.3M
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LVS Does Not Pay Dividends
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P/E TTM
NM
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related news
LVS Top Compensated Officers
Executives, Board Directors
Key developments for Las Vegas Sands Corp. (LVS)
Las Vegas Sands Corp. announced that its board of directors has declared a quarterly dividend payment of $2.50 per share on its 10% Series A Cumulative Perpetual Preferred Stock to stockholders of record at the close of business on October 30, 2009. The dividend payment will be made on November 16, 2009, the first business day following the November 15, 2009 dividend payment date specified in the Certificate of Designations for the preferred stock.
Las Vegas Sands Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. Consolidated adjusted property EBITDAR in the third quarter of 2009 increased 11.7% to $272.3 million, compared to $243.8 million in the year-ago quarter. Adjusted net income increased $12.0 million to $20.1 million, or $0.03 per diluted share, compared to $8.1 million in the third quarter of 2008, or $0.02 per diluted share. Capital expenditures during the third quarter totaled $516.5 million. This includes construction and development activities of $370.9 million at Marina Bay Sands, $100.7 million in Macau, $38.3 million at Sands Bethlehem, and $6.6 million in Las Vegas. The company reported loss before income tax of $26.301 million compared to loss before income tax of $51.916 million for the same period of last year. For the nine months, the company reported net loss applicable to common stock holders of $426.136 million or $0.65 per basic and diluted share on revenues of $3,278.906 million compared to net loss applicable to common stockholders of $52.238 million or $0.15 per basic and diluted share on revenues of $3,296.571 million for the same period of last year. The company reported loss before income tax of $294.085 million and loss from operations of $72.684 million compared to loss before income tax of $76.252 million and income from operations of $198.042 million for the same period of last year. The company reported adjusted EBITDA of $652.214 million, adjusted property EBITDAR of $779.961 million and adjusted net income of $27.290 million or $0.04 per diluted share compared to adjusted EBITDA of $711.782 million, adjusted property EBITDAR of $819.884 million and adjusted net income of $62.583 million or $0.18 per diluted share for the same period of last year.
Las Vegas Sands Corp. reported earnings results for the third quarter of 2009. Higher taxes dragged the company deeper into the loss column even as new casinos in Pennsylvania and Macau helped offset a huge top-line slump in Las Vegas. The company lost $123 million or 19 cents a share in the third quarter, wider than the $32.2 million or 9 cents a share it lost in same quarter of 2008. The wider bottom line loss was pegged to income tax expenses as well as increases in preferred stock dividends and accretion on preferred stock. On an adjusted basis, the company would have earned 3 cents a share, up from 2 cents. Revenue came in at $1.14 billion, up 3.2%. The operating income more than doubled to $62.4 million on the back of 'healthy gaming volumes and the steady execution of its cost savings and efficiency initiatives in Macau,' boosting margins. The company's current quarter's results in Las Vegas reflected unusually low table games hold, which negatively impacted its revenues by approximately $40 million, the execution of its cost-savings programs has positioned it to deliver improved operating margins and cash flows as the economy recovers.
LVS Competitors
| Company | Last | Change |
| International Game Technology | $19.44 USD | -0.13 |
| MGM Mirage | $10.71 USD | -0.52 |
| Penn National Gaming Inc | $27.63 USD | -0.17 |
| Wynn Resorts Ltd | $63.88 USD | -0.26 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | LVS | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 2.6x |
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| Price/Book | 2.9x |
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| Price/Cash Flow | 63.8x |
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| TEV/Sales | NM | Not Meaningful |
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LVS |
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LVS transactions
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Target | |
| No transactions in the last 6 months. | ||
More Recent News About Las Vegas Sands Corp.
More news for LVS
[$$] Las Vegas Sands to Pay Macau
Answers allows you to tap the knowledge of Community members. Answer a question below or ask a question. Q: The experts say the recession may be bottoming out, that we may even already be in the recovery. So how's your family economy? Are things getting better in your house? Please fill out the answer field. The language you used does not comply with community standards. Please re-enter. ...Click here to read the whole Article (external link)
Sands looks to restart Macau casino work next year
HONG KONG (AP) -- U.S. casino operator Las Vegas Sands Corp. plans to resume work in January on its multibillion-dollar gambling resorts in Macau after suspending construction last year amid a massive funding crunch, the company said. Sands is seeking to raise more than $3.3 billion from an initial public offering of shares in its casino businesses in the southern Chinese enclave, the world's largest casino market. The IPO was made available to retail investors Monday after attracting what executives said was strong demand from institutional investors last week.About $500 million will be used to restart construction on the projects, executives said. The company plans to hire as many as 12,000 workers after 11,000 jobs were cut as a result of the suspension.The projects, including casinos and Shangri-La and Sheraton hotels, were stalled last year as the company grappled with a cash shortage, brought on by the financial crisis and Sands' massive debt load, that threatened its agreements with creditors.Sands' latest casino resorts are part of Chairman Sheldon Adelson's quest to turn a section of Macau known as the Cotai Strip into a Chinese version of the Las Vegas Strip with a mix of gambling, conventions, shopping, entertainment and other draws."We expect that Macau will evolve into the same type of business model that the integrated resorts on the Las Vegas Strip have evolved into," Adelson said in a video conference Sunday with reporters in Hong Kong.Sands hopes to open the first phase of the project, including two hotel towers and casino space at a cost of $2 billion, by June 2011. Ultimately, the company aspires to build still more casinos and hotels on two additional plots of land in the Cotai area to bring the total number of hotel rooms to 20,000.Adelson repeated his goal of lu...Click here to read the whole Article (external link)
LAS VEGAS SANDS CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Regulation FD Disclosure
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. On November 11, 2009, two indirect subsidiaries of Las Vegas Sands Corp. (the "Company"), Venetian Orient Limited ("Venetian Orient") and Venetian Macau Limited ("Venetian Macau"), received, for acceptance, the final draft of the Land Concession Agreement (the "Parcels 5&6 Land Concession") from the government of the Macau Special Administrative Region of the People's Republic of China ("Macau"). Pursuant to the Parcels 5&6 Land Concession, Venetian Orient was awarded a concession by way of a lease to a portion of the east side of the reclaimed land between the islands of Taipa and Coloane (which we refer to as the "Cotai Strip") in Macau, including the site on which Venetian Orient is building an integrated resort in phases (the "Land"). Phase I of the integrated resort is expected to feature approximately 300,000 square feet of gaming space, two hotel towers with over 3,700 Sheraton, Shangri-La and Traders-branded hotel rooms, retail, entertainment and dining facilities, MICE space and a multi-purpose theater. Phase II is expected to include a 2,300 room Sheraton-branded hotel tower and Phase III is expected to include a luxury St. Regis-branded hotel and mixed use tower. On November 16, 2009, we accepted the terms and conditions of the Parcels 5&6 Land Concession and made an initial land concession premium payment of 700,000,000 patacas (approximately $87.51 million). The Parcels 5&6 Land Concession will not become effective until the date it is published in Macau's Official Gazette (the "Publication Date"), which is part of the standard Macau land grant process. The initial term of the Parcels 5&6 Land Concession is 25 years from the Publication Date, and it may be successively renewed for an unlimited number of ten year terms in accordance with applicable Macau laws. Under the Parcels 5&6 Land Concession, Venetian Orient is obl...Click here to read the whole Article (external link)
[$$] Macau Casinos Gamble on More Than Gaming
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Las Vegas Sands Starts Repaying Macau
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Casino Revenue Slips in 3Q
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