Las Vegas Sands (LVS) shares ended the last trading session 9.9% higher at $33.73. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 31.5% loss over the past four weeks.Following President Trump's announcement to suspend U.S. tariffs on most countries for 90 days, Las Vegas Sands shares soared, reflecting renewed investor optimism.This casino operator is expected to post quarterly earnings of $0.63 per share in its u ...

Las Vegas Sands (LVS) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stoc ...

Investing in "sin stocks" — shares of companies engaged in industries deemed unethical or immoral by some — has long been a subject of debate. These include companies operating in industries considered unethical or controversial, such as alcohol, tobacco and gambling. Despite the moral concerns, sin stocks have historically outperformed broader markets and offered attractive returns due to their strong cash flows, loyal customer bases and inelastic demand. While ethical investing has gained traction, many i ...

Popular event promotes "tourism + sport" in Macao MACAO, March 25, 2025 /PRNewswire/ -- The 2025 Sands China Macao International 10K welcomed around 10,000 runners from 40 countries and regions March 16, who crossed the finish line after completing either the 10K race or the Fun Run. Kenyan athletes Vincent Kibet Langat and Betty Sigei were crowned the overall champions in the men's and women's 10K races, with both setting new race records. In the men's and women's Macao athlete category, Wang Kun and Hoi L ...

Core Insights - The House Edge is recognized as a unique marketplace service in the casino, gaming, and online sports betting sectors, providing superior returns through in-depth research and industry insights [1][2] Company Insights - Howard Jay Klein, with 30 years of experience in major casino operations, leads The House Edge and focuses on value investing by assessing management quality [2] - Klein's background includes significant roles at Ballys, Trump Taj Mahal, Mohegan Sun, and Caesars Palace, contributing to his extensive knowledge of the industry [2] Industry Insights - The House Edge leverages a vast intelligence network across the US gambling and entertainment sectors, including insights from various levels of employees and management [2]

Core Points - Las Vegas Sands and Marina Bay Sands have partnered with The Food Bank Singapore to enhance its Bank Card Program through the Sands Cares Accelerator, a three-year initiative aimed at increasing community impact [1][4][9] - The Food Bank Singapore will receive $100,000 annually for three years, along with strategic guidance and mentorship to improve its food distribution processes [2][5] - The Bank Card Program currently assists beneficiaries in receiving food aid from over 300 partners, and the initiative aims to digitize operations for better efficiency and outreach [3][5] Company Initiatives - The Sands Cares Accelerator was launched in 2017 to support nonprofits at a critical growth stage, providing extended funding and customized support [4][9] - The Food Bank Singapore is the seventh organization to join the Accelerator, which has invested over $1.6 million and facilitated hundreds of hours of consulting [5][10] - The partnership with Marina Bay Sands has been ongoing since 2016, involving food donations and volunteer efforts from the resort's team members [6][8] Community Impact - The Food Bank Singapore redistributes over 2 million meals annually to vulnerable families and individuals through its network of more than 300 feeding partners [5][16] - The Sands Cares Accelerator aims to help nonprofits build capacity and enhance program offerings to better serve their communities [9][10] - The initiative reflects the philanthropic legacy of Sands' founder, emphasizing corporate involvement in addressing community needs [9]

Core Viewpoint - Las Vegas Sands reported mixed financial results for Q4 2024, with earnings missing estimates while revenues exceeded expectations, indicating a complex operational landscape as the company navigates recovery in key markets [2][4][30]. Financial Performance - Adjusted earnings per share (EPS) for Q4 2024 were 54 cents, missing the Zacks Consensus Estimate of 60 cents by 10%, down from 57 cents in the same quarter last year [4]. - Quarterly net revenues reached $2.90 billion, surpassing the consensus mark of $2.85 billion, but fell 0.7% year-over-year [4]. - For the full year 2024, net revenues totaled $11.3 billion, an increase from $10.4 billion in 2023, with operating income rising to $2.4 billion from $2.3 billion [27]. Operational Highlights - Marina Bay Sands in Singapore showed solid performance with net revenues of $1.14 billion, up from $1.06 billion year-over-year, driven by increases in casino, rooms, and mall revenues [23][24]. - The Venetian Macao reported net revenues of $682 million, down from $748 million, primarily due to decreased casino revenues [5]. - Adjusted property EBITDA for the consolidated company totaled $1.1 billion in Q4, down from $1.2 billion in the previous year [26]. Market Trends - The company is optimistic about growth in Macao and Singapore, supported by ongoing capital investments and increased tourism spending in Asia [3]. - Estimates for the stock have trended downward, with a consensus estimate shift of -11.3% over the past month [30]. Capital Expenditures - Capital expenditures in the reported quarter amounted to $547 million, with $345 million allocated to Macao and $194 million to Marina Bay Sands [29]. Financial Position - As of December 31, 2024, Las Vegas Sands had unrestricted cash balances of $3.65 billion, down from $4.21 billion in the previous quarter, while total debt outstanding decreased to $13.62 billion from $13.88 billion [28].

Financial Performance - Integrated Resorts in Macao and Singapore contributed 53% and 47% of total adjusted property EBITDA, respectively, during 2024[27]. - Macao's annual gross gaming revenues reached 226.78 billion patacas (approximately $28.35 billion) in 2024, marking a 23.9% increase compared to 2023[47]. - Visitation to Macao was approximately 35 million in 2024, reflecting a 23.8% increase from 2023[48]. - Singapore welcomed approximately 16.5 million international visitors in the twelve months ended December 31, 2024, a 21.4% increase compared to 2023[56]. - The company employs approximately 40,300 employees worldwide, with about 39,900 being full-time[67]. Gaming Operations - The mass market gaming segment is expected to continue delivering long-term growth due to economic expansion and an increasing number of high net worth individuals in Asia[28]. - The Venetian Macao features approximately 503,000 square feet of gaming space with 678 table games and 1,140 slot machines[39]. - The Parisian Macao includes approximately 272,000 square feet of gaming space with 267 table games and 900 slot machines[43]. - Marina Bay Sands offers approximately 162,000 square feet of gaming space with around 543 table games and 3,000 slot machines and ETGs[46]. - The company is focused on enhancing its high-quality gaming product offerings to capture a larger share of the Macao gaming market[51]. Development Projects - The Londoner Macao's Phase II renovation is expected to be substantially complete in the first half of 2025, adding 1,382 and 1,023 rooms and suites[42]. - The Londoner Grand casino opened on September 26, 2024, as part of the ongoing development projects[42]. - Significant investments have been announced for new resort development projects on Cotai, aimed at increasing Macao's appeal as a business and leisure tourism hub[50]. - The total estimated cost for the Londoner Macao projects is $1.2 billion, expected to be substantially completed in the first half of 2025[79]. - The MBS Expansion Project in Singapore has an estimated total project cost of approximately $8.0 billion, including an additional 2,000 square meters of gaming area[82]. Financial Commitments and Investments - The company is obligated to invest an additional 5.56 billion patacas (approximately $695 million) in non-gaming projects due to Macao's annual gross gaming revenue reaching 183.06 billion patacas in 2023[96]. - The total investment commitment in Macao has increased to 35.80 billion patacas (approximately $4.48 billion) due to the additional investment requirement[96]. - The company has committed to invest at least 30.24 billion patacas (approximately $3.78 billion) in Macao as part of its concession agreement[95]. - As of December 31, 2024, approximately $1.36 billion has been incurred for the MBS development project, with an additional land premium estimated at $1.0 billion[84]. - The renovation of Marina Bay Sands Towers 1 and 2 cost approximately $1.0 billion, with ongoing renovations for Tower 3 estimated at $750 million[86]. Regulatory and Tax Environment - The annual fee for the Macao concession is estimated at $13 million for 2025, increasing to approximately $42 million annually for the subsequent seven years[93]. - VML received an exemption from Macao's corporate income tax on profits generated by casino operations for the period from January 1, 2023, through December 31, 2027[116]. - A shareholder dividend tax agreement was entered into with the Macao government, effective for the period from January 1, 2023, through December 31, 2025, substituting a 12% tax on dividend distributions[117]. - The goods and services tax on gross gaming revenue increased from 7% to 9% effective January 1, 2024[128]. - The casino tax rates for premium players increased to 12% and for mass players to 22% on gross gaming revenue above specified thresholds[128]. Risks and Challenges - The company faces significant risks associated with its operations in Macao, including economic, political, and legal uncertainties[135]. - The company’s operations are sensitive to fluctuations in discretionary consumer spending and may be adversely affected by economic downturns[153]. - The company is exposed to competition from numerous casinos in Macao and Singapore, as well as emerging markets in Asia, which could negatively affect its market position[186][187]. - The company faces potential adverse effects on operations and cash flows due to restrictions on subsidiaries in Singapore, Macao, and Hong Kong regarding distributions and currency exchange limitations[206]. - The company is subject to extensive regulations governing its operations in various jurisdictions, which may impact its ability to obtain or renew licenses[161]. Debt and Financial Position - As of December 31, 2024, the company had $13.75 billion of debt outstanding, net of original issue discount and deferred offering costs[170]. - The company expects $3.16 billion, $3.49 billion, $1.45 billion, $1.91 billion, and $1.91 billion in debt maturing during the years ending December 31, 2025, 2026, 2027, 2028, and 2029, respectively[173]. - The company has unrestricted cash and cash equivalents of $2.69 billion and restricted cash of $125 million as of December 31, 2024, with approximately $2.14 billion available for repatriation[145]. - The company suspended its quarterly dividend program in April 2020 due to COVID-19, but reinstated it in August 2023[142]. - The company’s future dividend payments will be at the discretion of the Board of Directors, considering various financial factors[142].

Core Viewpoint - The article discusses the performance and investment potential of Las Vegas Sands Corp. (NYSE: LVS), highlighting its stock trading history and the author's analytical approach to investment research [1]. Company Performance - Las Vegas Sands Corp. was last covered in November when its stock was trading at $51.75, indicating a focus on historical stock performance [1]. Investment Strategy - The author emphasizes a fundamental, bottom-up approach to research, focusing on true economic earnings and avoiding complex models that may lead to inaccuracies [1]. - The investment philosophy is conservative and long-term, with a preference for companies that demonstrate above-average sustainable profitability [1].

Core Points - Las Vegas Sands will contribute nearly $350,000 over three academic years to support the National Hispanic Institute's leadership development program for Latino high school students in Las Vegas [1][2] - The new funding builds on a previous three-year grant that helped establish NHI's presence in Las Vegas and supported organizational expenses and student stipends [2] - From 2022 to 2024, Sands Cares funding enabled 97 students to complete NHI's programs, with over 25 returning as volunteers [2] Funding and Program Details - The funding for the 2024-2025 academic year will cover student tuition stipends, travel expenses, recognition ceremonies, a civic project, an organizational fundraiser, and a local administrator [4] - NHI plans to hold a one-day leadership program for eighth graders and publish an annual report for the Las Vegas community [4] Student Development and Impact - NHI's program includes a multi-level leadership training that prepares students for success in public and private sectors [4] - Students participate in various activities, including the Great Debate, Lorenzo de Zavala Youth Legislative Session, and Collegiate World Series, focusing on communication, governance, and college preparation [3] Corporate Responsibility and Community Engagement - Sands emphasizes its commitment to building a diverse workforce and enhancing community engagement through its Sands Cares program [5] - The company has been recognized for its ESG leadership, being included in the Dow Jones Sustainability Indices for World and North America [9]