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Las Vegas Sands Reports Third Quarter 2024 Results
Prnewswire· 2024-10-23 20:05
For the quarter ended September 30, 2024Net Revenue of $2.68 billion and Net Income of $353 millionConsolidated Adjusted Property EBITDA of $991 millionMacao Adjusted Property EBITDA of $585 millionLow Hold on Rolling Play in Macao Negatively Impacted Adjusted Property EBITDA by $2 millionMarina Bay Sands Adjusted Property EBITDA of $406 millionLow Hold on Rolling Play at Marina Bay Sands Negatively Impacted Adjusted Property EBITDA by $78 millionLVS Repurchased $450 million of Common StockLVS Board of Dire ...
Off-Strip Domination: Why Red Rock Is My Favorite Hotel And Casino In Vegas
Seeking Alpha· 2024-10-20 15:04
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or ...
Exploring Analyst Estimates for Las Vegas Sands (LVS) Q3 Earnings, Beyond Revenue and EPS
ZACKS· 2024-10-18 14:20
Core Viewpoint - Analysts project that Las Vegas Sands (LVS) will report quarterly earnings of $0.56 per share, reflecting a year-over-year increase of 1.8%, with revenues expected to remain unchanged at $2.8 billion [1] Earnings Estimates - The consensus EPS estimate for the quarter has been adjusted upward by 0.2% over the past 30 days, indicating a reassessment by covering analysts [1] - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock performance [1] Revenue Projections - Analysts estimate 'Revenue- Total Macao' at $1.76 billion, a decrease of 1.4% from the prior-year quarter [2] - 'Net Revenues- Marina Bay Sands' are projected to reach $1.06 billion, representing a year-over-year increase of 4% [2] - 'Net Revenues- The Plaza Macao and Four Seasons Macao' are estimated at $238.17 million, indicating a significant increase of 24% from the prior-year quarter [2] Key Metrics - 'Net Revenues- Sands Macao' is expected to be $83.08 million, showing a slight increase of 0.1% year-over-year [3] - 'Slot handle - Marina Bay Sands' is projected at $6.46 billion, up from $6.36 billion in the same quarter last year [3] - 'RevPAR - Marina Bay Sands' is forecasted to reach $727.51, compared to $656 in the same quarter last year [3] - 'Rolling Chip volume - Marina Bay Sands' is estimated at $8.33 billion, an increase from $8.15 billion year-over-year [3] - 'Non-Rolling Chip table games drop - Marina Bay Sands' is expected to be $2.06 billion, up from $1.94 billion in the same quarter last year [3] Additional Insights - 'Rolling Chip volume - The Londoner Macao' is projected at $1.91 billion, compared to $1.56 billion in the same quarter last year [4] - 'Rolling Chip win percentage - Sands Cotai Central' is expected to be 2.7%, down from 3.9% in the previous year [4] - 'Slot handle - Sands Cotai Central' is estimated at $1.61 billion, compared to $1.50 billion year-over-year [4] - 'Slot hold percentage - The Londoner Macao' is projected to remain at 4.0%, unchanged from the previous year [4] Stock Performance - Shares of Las Vegas Sands have increased by 20.7% in the past month, outperforming the Zacks S&P 500 composite, which moved up by 3.8% [5]
Sands to Release Third Quarter 2024 Financial Results
Prnewswire· 2024-10-16 20:05
LAS VEGAS, Oct. 16, 2024 /PRNewswire/ -- Las Vegas Sands (NYSE: LVS) will release its third quarter 2024 financial results on Wednesday, October 23, 2024, after market close.The company will host a conference call to discuss its results at approximately 1:30 p.m. Pacific Time.A webcast of the conference call will be available at www.investor.sands.com. About Sands (NYSE: LVS)Sands is the leading global developer and operator of integrated resorts. The company's iconic properties drive valuable leisure and ...
Las Vegas Sands Prepares for Q3 Earnings: Key Insights Ahead
ZACKS· 2024-10-14 15:51
Las Vegas Sands Corp.'s (LVS) revenues are likely to decrease, while earnings are expected to remain flat year over year in third-quarter 2024.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the last reported quarter, earnings and revenues missed the Zacks Consensus Estimate by 6.8% and 2.7%, respectively. However, the metrics increased on a year-over-year basis by 19.6% and 8.6%, respectively.How Are Estimates Placed for LVS’ Q3?The Zacks Consensus Estimate for third-quarter ear ...
Las Vegas Sands and Hispanic Association of Colleges and Universities Select 13 Hospitality Scholarship Recipients
Prnewswire· 2024-10-10 17:00
The Sands Hospitality Advancement Scholarships with HACU support hospitality students from Hispanic-serving institutions in Las Vegas and the Dallas-Fort Worth metro area.LAS VEGAS, Oct. 10, 2024 /PRNewswire/ -- Las Vegas Sands (NYSE: LVS) today announced it has partnered with the Hispanic Association of Colleges and Universities (HACU) to award 13 students at HACU-member schools with Sands Hospitality Advancement Scholarships in support of their preparation for careers in the travel, tourism and leisure in ...
Las Vegas Sands (LVS) Expected to Beat Earnings Estimates: Should You Buy?
ZACKS· 2024-10-09 15:03
Las Vegas Sands (LVS) is expected to deliver flat earnings compared to the year-ago quarter on lower revenues when it reports results for the quarter ended September 2024. 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 stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, ...
Las Vegas Sands (LVS) Soars 8.0%: Is Further Upside Left in the Stock?
ZACKS· 2024-09-27 13:47
Las Vegas Sands (LVS) shares ended the last trading session 8% higher at $48.40. 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 14.9% gain over the past four weeks.Shares of Las Vegas Sands appreciated after a report revealed that the number of high-stakes gamblers in China is on the rise, with many placing increasingly larger bets. The stock also benefited from China's recent announcement of its largest stimulus ...
Sands China Ltd. and Marriott International to Unveil the First Luxury Collection Hotel in Macao
Prnewswire· 2024-09-24 19:07
MACAO, Sept. 24, 2024 /PRNewswire/ -- Sands China Ltd. and Marriott International are set to welcome the first Luxury Collection Hotel to Macao. Situated within The Londoner® Macao, Londoner Grand, a Luxury Collection Hotel, Macao promises to captivate the world's most discerning travellers by inviting guests to experience the brand's unparalleled charm of British living with Macao's rich cultural tapestry.The Chelsea Garden - an all-day dining outlet at The Londoner MacaoThe Londoner Grand -- Grand Terrace ...
Marriott International Signs Agreement with Sands China Ltd. to Bring The Luxury Collection Brand to Macao
Prnewswire· 2024-09-24 10:00
SHANGHAI, Sept. 24, 2024 /PRNewswire/ -- Marriott International, Inc. and Sands China Ltd. are set to redefine luxury in Macao with the signing of an agreement to debut The Luxury Collection brand to the market. Anticipated to open in January 2025, Londoner Grand, a Luxury Collection Hotel, Macao is poised to cater to the world's discerning travelers, blending the brand's authentic take on luxury with the city's local charm to provide a unique and enriching travel experience.King Bedroom at Londoner Grand, ...