no politics. simply that nobody comes here except spammers, troublemakers, and YOU. if edblue has something worthwhile to discuss, it makes sense that he post it where hundreds of LVS investors actually read, and benefit from it. that's a rational point, whereas what YOU said is more like acting like a child.
Macau government has given up maintaining much less improving the casino industry.
Even casinos are the largest employers, they don't care.
In fact, they use casino depression as excuse to go other industries, such as Chinese medicine and Portuguese trade representative, even they know it sure failure.
Maybe its part of US conspiracy, for "democrazy", do anything to topple Chinese government.
IF government policies do not support casinos, in another year, there will be more supply and less demand, we are in for real serious problem.
Taking a time out because totally disgusted with the politics played by members of freeforum board..They act like children..
Goldstein, President of LVS, gave presentation. Very general info. (1) Not a lot of confidence in VIP. Has been affected by currency devaluation & RE. But LVS business is concentrated on MASS market which is doing well.
Lots of retail, gaming, rooms, entertainment. Our model today works as good as yesterday. Big believer and bullish on Macau. Mid pricing and retail doing well but high end is soft but a small portion of our overall busi.
(2) Can't see VIP getting back to where it was a year ago. Mass busi is critical. We're the best at it. We have more tables, more rooms, more shopping, more entertainment than anyone else. When other casinos are crowded on Friday, Saturday, or Sunday people come to our place where we have the capacity. We're are not surviving but prospering. We are the best at what we do. (3) Sheldon supports dividends. Balance sheet rock solid to support it. LVS is a growth company. We focus on EBITDA. Then dividends and buybacks. Sheldon
wants to grow dividend. Commitment is solid. (4) We get rich on MASS market. Limited risk on players side.
Mass retail very strong. Margins at 25%. (5) Vegas: Doing extraordinary job. But Vegas lags other places in U.S. We are just too cheap, too long. Have best lodging and don't get the buck for it. Movement, however, is in the right direction.
Goldstein of LVS will be participating tomorrow in the 2015 BAC/ML Gaming & Lodging Conference. This was just announced so I would 'guesstimate' that Goldstein has something positive to say. He wouldn't just jump in on something 'negative' to say. Stock moving since announcement today just a short time ago today.
Others probably thinking the same as I.
Tomorrow GOLDSTEIN/LVS will participate in the BankofAmerica/MerrillLynch 2015 Gaming & Lodging Conf. in NY. I will do a recap on what LVS has to say. See if he touches on this 'surge' in early September business in Macau.
They've been talking about it all morning.
It looks like the surge we saw in the final week of august is extending into September. Yea!
For years, after VIP run away, Macau govern has not reviewed their mistakes.
They never look at Vegas diversification model, instead launched into brand new sphere.
They want to train more Portuguese translators so as to trade with some poor African countries speaking Portuguese, ,, and they think Chinese medicine is a substitute to casinos.
No wonder Steve Wynn stopped trying to understand them.
Stevie has been a brown nose to the govern, now he is as lost as all of us
Has anyone ever thought that LVS should buy out Amaya (ticker AYA parent company of pokerstars/full tilt poker). This would be such a perfect fit.
LVS is a powerhouse in brick and mortar gaming. And AYA has a de facto monopoly over global poker play, and is set to double revenue in poker alone over the next 4 years according to their last earnings call. Plus they have a large opportunity to cross sell sportsbook and casino games globally.
AYA biggest opposition is Sheldon Adelson and his big lobbying power, that is (for now) preventing AYA to enter the US market. By taking them over and and allowing them into the US he would crush the online market.
LVS can take over AYA with a share/cash deal for about 5-8 billion and make their money back within 5-6 years. With the opportunity for LVS to double its EPS in the next 5-6 years.
Bottom line online is where the growth is at. Brick and mortar casinos are expensive and cost billions just to get the doors open and take an average of 3-5 years to build. For the cost of roughly one one physical casino LVS can add to the EPS today.
what exactly you mean ""THIS""" . Are you referring to LVS????? Well..... you either stop smoking weed or get a new pair of glasses. PE of LVS is 16. OK pumpkin ????
They show off their strength to Japan and USA. While consolidating economy.
Most all ASEAN nations attended the party..
It should be in positive direction, military and politics
there was a good deal of discussion on LVS's Singapore results over on freeforums after the earnings announcement. that's probably the best way to size it up. Singapore's growth has been halting, but MBS has held up better than RWS. Like they do in macau, LVS has a better business formula in both macau AND Singapore for outperforming their competition during the slump.