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Casino ETF Up on Las Vegas Sands' Upbeat Q3 Earnings
Leading international developer of multi-use integrated resorts and casinos
Las Vegas Sands Corp.
( -
Free Report) reported third-quarter 2023 results, with earnings and revenues beating the Zacks Consensus Estimate. The top and the bottom line increased on a year-over-year basis. The stock was up 2.9% on Oct 19, reflecting the upbeat earnings…
Reuters
Las Vegas Sands results beat Wall Street estimates on March demand
NEW YORK, April 19 (Reuters) - Las Vegas Sands Corp
(LVS.N)
on Wednesday reported quarterly revenue that surpassed Wall Street estimates as March visitation levels accelerated gaming volumes, retail sales and hotel occupancy.
The Las Vegas-based casino operator said traffic is rebounding in Singapore and Macao, and it expects further improvement in…
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Barclays Increases Las Vegas Sands (NYSE:LVS) Price Target to $57.00
Barclays' research analysts raised their price target for Las Vegas Sands (NYSE: LVS), raising it from $43.00 to $57.00 in a study published on Thursday. The Fly shared the information in their article. The company views the casino operator's shares as an "overweight" investment at present and for the foreseeable future. Compared to the price at…
Review Journal
Macao travel restrictions continue to pummel Las Vegas Sands
Travel restrictions in Macao continued to drag on Las Vegas Sands Corp. earnings, but resiliency in Singapore had company officials feeling optimistic as they reported their third quarter results on Wednesday.
The company reported a net loss of $239 million, 31 cents a share, on revenue of $1 billion for the quarter that ended Sept. 30. A year…
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Barron's
Las Vegas Sands Had a Mixed Quarter. Macau Isn't Helping Yet.
Las Vegas Sands
beat third-quarter revenue expectations, but earnings-weighed down by higher expenses-missed and sales declined in the gaming and lodging giant's Chinese operations.
Las Vegas Sands (ticker:
LVS) reported a third-quarter adjusted net loss of 29 cents per share, wider than estimates for a loss of 24 cents a share. Revenue clocked in…
Defense World
Huntington National Bank Has $126,000 Stake in Las Vegas Sands Corp. (NYSE:LVS)
Huntington National Bank increased its position in shares of Las Vegas Sands Corp. (NYSE:LVS
-
Get Rating) by 25.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3240 shares of the casino operator's stock after buying an additional 655 shares during the…
Defense World
Daiwa Securities Group Inc. Has $1.03 Million Stake in Las Vegas Sands Corp. (NYSE:LVS)
Daiwa Securities Group Inc. grew its position in shares of Las Vegas Sands Corp. (NYSE:LVS
-
Get Rating) by 29.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26604 shares of the casino operator's stock after buying an additional 6031 shares during the…
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Review Journal
Sands casinos among properties that will be allowed to reopen Saturday morning
Las Vegas Sands Corp., operators of casinos in Macao and Singapore, reported tepid second-quarter revenue results Wednesday as health restrictions in Macao continued to batter resort operators there.
The Las Vegas-based casino company reported a loss of $440 million, 38 cents a share, on revenue of $1.045 billion for the quarter that ended June 30.…
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Times Union
Las Vegas Sands: Q2 Earnings Snapshot
LAS VEGAS (AP) _ Las Vegas Sands Corp. (LVS) on Wednesday reported a loss of $290 million in its second quarter.
The Las Vegas-based company said it had a loss of 38 cents per share. Losses, adjusted for non-recurring costs and to account for discontinued operations, were 34 cents per share.
Defense World
Las Vegas Sands Corp. (NYSE:LVS) Stock Holdings Lowered by Sumitomo Mitsui Trust Holdings Inc.
Sumitomo Mitsui Trust Holdings Inc. reduced its holdings in Las Vegas Sands Corp. (NYSE:LVS
-
Get Rating) by 0.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 831711 shares of the casino operator's stock after selling 5789 shares during the quarter.…
Review Journal
Weeklong Macao casino shutdown affecting Sands, MGM, Wynn begins
Macao casino resorts closed their doors Monday as a weeklong government-ordered shutdown began in the region, taking a toll on properties including several operated by three Las Vegas-based companies.
Because of elevated COVID-19 case numbers, Macao Secretary for Administration and Justice Andrew Cheong Weng Chun on Saturday ordered a closure of…
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Hartford Investment Management Co. Reduces Holdings in Las Vegas Sands Corp. (NYSE:LVS)
Hartford Investment Management Co. lessened its position in shares of Las Vegas Sands Corp. (NYSE:LVS
-
Get Rating) by 6.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32323 shares of the casino operator's stock after selling 2280 shares during the period. Hartford…
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Koshinski Asset Management Inc. Sells 3,068 Shares of Las Vegas Sands Corp. (NYSE:LVS)
Koshinski Asset Management Inc. decreased its position in Las Vegas Sands Corp. (NYSE:LVS
-
Get Rating) by 32.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6428 shares of the casino operator's stock after selling 3068 shares during…
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Las Vegas Sands Corp. (NYSE:LVS) Shares Bought by Xponance Inc.
Xponance Inc. raised its stake in Las Vegas Sands Corp. (NYSE:LVS
-
Get Rating) by 3.3% in the first quarter,
HoldingsChannel.com
reports. The fund owned 58592 shares of the casino operator's stock after buying an additional 1874 shares during the quarter. Xponance Inc.'s holdings in Las Vegas Sands were worth $2277000 as of its most recent filing…
Review Journal
Macao gaming revenue slumps by 68 percent in May
On the day Chinese authorities lifted COVID-19 restrictions in Shanghai, Macao's Gaming Inspection and Coordination Bureau reported another steep decline in gross gaming revenue for the month of May.
The bureau that monitors gaming revenue for Macao's 41 casinos - including several owned and operated by three Las Vegas-based companies - reported…
Review Journal
Las Vegas casino landlord Vici Properties owns 660 acres
After completing more than $20 billion in deals recently, casino landlord Vici Properties now owns several hundred acres along the Strip, "the most economically productive street in the world," the firm said Thursday.
Vici, whose real estate holdings on Las Vegas Boulevard include megaresorts MGM Grand, Caesars Palace and The Venetian, this…
Review Journal
Las Vegas gaming equipment manufacturer PlayAGS narrows losses in fourth quarter
PlayAGS Inc. is hoping to build on the successful conclusion of 2021 and its narrowing of losses, the company's top executive said Thursday.
"If 2020 was the year of resiliency within our business, 2021 was the year of transition," said PlayAGS President and CEO David Lopez. "Supported by the foundational changes put into place over the preceding…
Entrepreneur
Las Vegas Sands (LVS) Q4 Earnings & Revenues Beat Estimates
Las Vegas Sands Corp.
LVS
reported decent fourth-quarter 2021 results, with earnings surpassing the Zacks Consensus Estimate and increasing year over year. Revenues during the quarter beat the consensus mark but declined on a year-over-year basis.
Following the results, the company's shares increased by more than 2% in the after-hour trading…
Review Journal
Asian pandemic downturn leads Las Vegas Sands to stay patient
Las Vegas Sands Corp. executives will stay patient with their big investments in Macao and Singapore as the company prepares for its next phase of operations: one without Las Vegas resorts.
Company leaders told investors during their fourth-quarter earnings call Wednesday that they'll stay the course in Macao, where it is the market leader, and go…
Review Journal
Las Vegas Strip landlord Vici sees revenues rise in Q3
The soon-to-be largest landlord on the Strip believes there's never been a better time to be investing in Las Vegas.
That's understandable excitement for a company that has inked real estate deals for Strip properties totaling more than $21 billion this year alone.
"We were very excited from the day we started the company. We're even more excited…
CT Insider
Las Vegas Sands: Q3 Earnings Snapshot
LAS VEGAS (AP) _ Las Vegas Sands Corp. (LVS) on Wednesday reported a loss of $368 million in its third quarter.
On a per-share basis, the Las Vegas-based company said it had a loss of 48 cents. Losses, adjusted for one-time gains and costs, came to 45 cents per share.
Review Journal
Border restrictions in Macao result in losses for Las Vegas Sands Corp.
Las Vegas Sands Corp. on Wednesday warned investors that its China subsidiary operating in the Macao market suffered losses in July and August because of border restrictions imposed by the government.
In a Securities and Exchange Commission filing Wednesday, the company said, "Tighter border restrictions were implemented in Macao affecting…
Review Journal
Revenue rebounds, losses narrow for Las Vegas Sands Corp.
Las Vegas Sands Corp. has begun riding the rebound from the coronavirus pandemic, reporting improved second quarter revenue and narrowed losses on Wednesday.
The company reported second quarter net loss of $139 million, 30 cents per share, on revenue of $1.173 billion in the quarter that ended June 30. That compares with a net loss of $757 million,…
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