Las Vegas Sands Had a Mixed Quarter. Macau Isn't Helping Yet.

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Reuters

Caesars Entertainment beats Q3 profit estimates on steady demand in Las Vegas casinos

Oct 31 (Reuters) - Caesars Entertainment (CZR.O) beat third-quarter profit estimates on Tuesday, as steady demand in Las Vegas casinos helped boost revenue. Discretionary consumer spending has been shifting away from goods and towards experiences, profiting casino operators such as Caesar's Entertainment. Las Vegas-based casino operators benefited…

Land-based ・ 01 November 2023

Zacks

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…

Finance ・ 20 October 2023

Reuters

Las Vegas Sands second-quarter revenue beats Wall Street estimates

NEW YORK, July 19 (Reuters) - Las Vegas Sands Corp's (LVS.N) second-quarter revenue exceeded Wall Street estimates, benefiting from non-gaming programming in Macao as tourism rebounds from China's loosening of its zero-COVID policy and mass gaming reaching another record in Singapore. The casino operator's revenue rose to $2.5 billion in the second…

Finance ・ 20 July 2023

Market Watch

China rebound, Las Vegas Strip hotels boost MGM results, stock

Shares of MGM Resorts International MGM rose after hours on Monday after the casino resort operator reported first-quarter results that beat expectations, helped by gains in hotels and casinos on the Las Vegas Strip and a bigger rebound in China. MGM reported first-quarter net income of $479.9 million, or $1.24 a share, contrasting with a loss of…

Land-based ・ 02 May 2023

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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…

Travel ・ 20 April 2023

The Motley Fool

Better Buy: Wynn Resorts or Las Vegas Sands Stock?

The gaming and resort industry continues to recover from the pandemic, and one of the biggest gaming markets in the world reopened earlier this year: Macao, China. With Macao back in action, casino operators there stand to benefit from pent-up demand -- as do casino stock investors. Here, I'll compare two American casino companies with properties…

Industry ・ 19 March 2023

Best Stocks

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…

Finance ・ 16 December 2022

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…

Travel ・ 21 October 2022

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Best Stocks

On Wednesday, Las Vegas Sands (LVS) will report its quarterly earnings.

Las Vegas Sands (NYSE: LVS) will release its results report for the prior quarter on Wednesday, October 19, after the stock market has closed. There is a general agreement among those who follow the market that Las Vegas Sands will report a loss of $0.20 per share for the third quarter. On July 20, Las Vegas Sands (NYSE: LVS) released their most…

Finance ・ 18 October 2022

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.…

Covid ・ 20 July 2022

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.

Slot Name ・ 20 July 2022

Defense World

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…

Finance ・ 04 July 2022

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Defense World

Las Vegas Sands Corp. (NYSE:LVS) Receives Consensus Recommendation of “Hold” from Analysts

Las Vegas Sands Corp. (NYSE:LVS - Get Rating) has received an average recommendation of "Hold" from the fifteen ratings firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, three have issued a buy recommendation and one has given a strong…

Travel ・ 24 May 2022

Review Journal

Boyd Gaming Corp. reports record cash flow, revenue for Q1

Las Vegas-based Boyd Gaming Corp. broke first-quarter revenue and adjusted cash flow records for its three operating divisions, including its Las Vegas locals market, the company reported Tuesday. "In the first quarter of 2022, our disciplined approach to managing the business and strategic focus on our core customer once again produced exceptional…

Finance ・ 26 April 2022

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…

Finance ・ 11 March 2022

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…

Finance ・ 27 January 2022

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…

Covid ・ 27 January 2022

Investor Place

3 Top Casino Stocks That Could Make a Comeback in 2022

Over the past year, casino stocks have been devastated by the novel coronavirus pandemic. Just take a look at some of the losses a handful of major players in the sector have seen: Las Vegas Sands (NYSE: LVS) fell from a January 2020 high of $74.29 to now sitting at $35 Wynn Resorts (NASDAQ: WYNN) fell from $153.41 in January 2020 to $82.15…

Finance ・ 20 December 2021

Review Journal

Station Casinos’ planned Durango property has price tag: $750M

Executives of Station Casinos have no plans to sell the three casinos they own that remain closed, and they now have a price tag for their planned resort at Durango Drive - $750 million. Station's parent company, Red Rock Resorts, reported solid third-quarter earnings Tuesday afternoon. Chairman and CEO Frank Fertitta III said the company…

Travel ・ 03 November 2021

Market Watch

Caesars stock drops after surprising loss, but recovers after moving up plans to sell a Vegas casino

Caesars Entertainment Inc. reported a surprising loss Tuesday, sending shares lower in after-hours trading, but the stock rebounded after executives outlined plans to reduce a massive debt load that includes the sale of a casino on the Las Vegas Strip. Caesars CZR, -0.29% on Tuesday reported a third-quarter loss of $233 million, or $1.10 a share,…

Finance ・ 02 November 2021

Review Journal

Las Vegas Sands Corp. reports third-quarter losses

Las Vegas Sands Corp. reported additional net losses in the third quarter, continuing a wave of losses that began in the first quarter of 2020. The operator of The Venetian and Palazzo on the Strip and the market leader in Macao on Wednesday reported a net loss of $495 million, 48 cents a share, on revenue of $857 million for the quarter that ended…

Finance ・ 20 October 2021

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.

Slot Name ・ 20 October 2021

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,…

Finance ・ 21 July 2021

TipRanks

MLCO, MGM, or LVS: Which Casino Stock Could be the Best Bet in 2023?

Stocks of casino operators with exposure to Macau, an administrative region in China and a major gambling destination, have rallied recently on hopes of strong recovery following the easing of COVID-19 restrictions. Moreover, Macau granted new licenses to six casino operators in late 2022 for a period of ten years. Additionally, certain analysts…

Land-based ・ 11 January 2023