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Las Vegas Sands Corp. Message Board

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  • bjspokanimal bjspokanimal Jan 6, 2012 10:08 AM Flag

    Look for LVS condo sales-$12 Billion-Link

    It's been almost 2 years since Adelson said they had reached an agreement with the SAR govt. to sell the 4-seasons apartments:

    http://www.casinogamingstock.net/news/sands%e2%80%99-launches-sale-of-four-seasons-macau-902228

    ... and it's been about 8 months since Steve Wynn said that approval was secured for Wynn to start building on Cotai and that ground-breaking was "imminent".

    Bottom line... nothing gets done in macau until the SAR is danm good and ready to let it get done... and nobody is truly privy to when that might be.

    In the meantime, tourism and gaming revenues keep growing at double-digit speed and Macau keeps getting to be more and more of a "seller's market".

    $42 a share hardly seems to do that fact justice.

    S

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    • This must be the most anti-Free Market place in the world.
      No condo sales. No mall sales. High taxes.

      Why would anyone bring capital to this place?
      Oh. Never mind, I know. PROFITS
      Capital always comes to PROFIT.

      • 1 Reply to dv8ldw46
      • ... "Nothing Cures Price Like Price".

        Actually, that's a favorite saying of my favorite Econometric Guru, Don Hays.

        I would also say that nothing cures a shortage of something like high margins... thanks to the profit incentive...

        ... unless you get government-mandated restrictions of the supply of it... like in Macau.

        But even THAT becomes self-defeating, because over time, a short supply of decent accomodations and table minimums in Macau will compel that South Korean "premium Mass" gambler to go to Singapore, or Manilla, or even that one place in Korea where a local can take a punt, instead of Macau.

        Anybody who's ever studied the economic factors that shift economic reality off of the point on the graph where the supply curve crosses over the demand curve, knows what I'm talking about here...

        ... on the one side of it, you have the Macau junket commission wars of 2009...

        ... and on the other, you have the gasoline lines in the U.S. ala 1979.

        Pick your poison... I'LL take the intersection of the supply and demand curves over ANY of it.

        S

    • Didn't SA mention it would take place in a couple of years?

 
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