Professional Research on Las Vegas Sands and MGM Mirage - Casinos Winning Bets on Asia Investments
16 Agosto 2010 - 9:38AM
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Las Vegas Sands Corp. (NYSE:
LVS)
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Gambling revenue is predictably down as the economic downturn
dented disposable incomes for many. As the economy rebounds the
question now becomes can the gaming sector recover after two
consecutive down years. Many companies incurred large debts,
especially those whose primary holdings lie on the Las Vegas strip.
Gaming revenues were down 10.4% in 2009 and 9.7% in 2008. The
Vegas-based companies may not overcome burdensome debt despite the
slow return of gambling revenue.
www.wallstreetequityresearch.com is a specialized website where
investors can have complete access to free reports on resorts &
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Companies like Las Vegas Sands Corp. with numerous overseas
holdings were able to withstand the debts incurred by their Vegas
properties. Macau gambling revenues are up over 50% through the
summer for most of those companies. Las Vegas Sands which reported
its financial results at the end of July saw its revenue surged by
51% to $1.59 billion even the company reported a loss of $4.7
million. As anticipated, revenue in Las Vegas was down by 5.4% to
$276.2 million but was largely offset by a 40.7% gain from Macau
that is revenue of $1.04 billion. On a very encouraging note, in
only 65 days of operation revenue in Singapore for Las Vegas Sands
came at $216.4 million. Shareholders and investors can sign up
today at
http://wallstreetequityresearch.com/August162010LasVegasSandsCorp.(LVS)160810.php
to download the full report on Las Vegas Sands
Corp.
Singapore could also bring big profits to some companies as well
as considering that there are only two casinos currently operating
there. Domestic expansion could also provide a boost. Visit us at
http://www.wallstreetequityresearch.com/ to understand the
catalysts and forces driving or affecting resorts & casinos
stocks.
The gaming sector could be poised for major changes in the
coming future. As some companies succumb to the Vegas downturn,
acquisitions could be forthcoming. Those that endured the Vegas
slump could be poised for greater gains as they are less concerned
with debt management and more so with overseas and domestic
expansion where there is decreased market competition.
On the earnings side, MGM which posted its financial readings at
the beginning of August saw its revenue grow by 3% from last year
to $1.54 billion. However, revenue came in below Las Vegas Sands.
Shareholders and investors can sign up today at
http://wallstreetequityresearch.com/August162010MGMResortsInternational(MGM)160810.php
to download the full report on MGM
Mirage.
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