Fri, Dec 26, 2014, 8:57 AM EST - U.S. Markets open in 33 mins.

Recent

% | $
Quotes you view appear here for quick access.

Las Vegas Sands Corp. Message Board

  • wefwfo wefwfo Feb 8, 2013 11:42 AM Flag

    I said it once and I will say it again regarding Spain.

    Although Spain is one of my favorite country's to visit, i think it is a mistake to build a Casino in Madrid. I currently have my motorcycle parked for the winter in Barcelona, and would of grudgingly supported the casino project if Barcelona was chosen. To navigate from the Madrid Aeropuerto to Alcorcon, you have to drive through or around the city of Madrid, which is about 25 miles apart. I have driven through Alcorcon while on my way to Toledo, and I can tell you the area is nothing to brag about.

    I will be riding through Madrid sometime in May on the way to Le Mans France and will visit the proposed site and post the pic's on the FB LVS site.

    Trust me, I hope my instincts are wrong, but my gut doesn't think so.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Most of the replies to your original message seem to disagree with you; many have expressed their opinions that, because Sheldon Adelson is the prime mover behind EuroVegas, it will be an unmitigated success. I sincerely hope you are wrong, but unfortunately I have to agree with you 100%. I have gambled at a minimum of 15 casinos in Europe; even the nicest ones (like Monte Carlo and Baden-Baden) are relatively unexciting, quiet, reserved places with dress codes and restricted hours of operation. But the biggest difference is as you describe...Asians love to game it up; Europeans not so much; it's that simple. I anticipate EuroVegas will far more closely mirror the first 10 years of Disneyland Paris than the first 10 years of the Cotai Strip...there are likely to be fervent protests; already the Spanish media is whining about the nature of the jobs that will be created are "not going to be good enough for Spain's youth". Agree that Europe has never seen anything like EuroVegas, but they had never seen anything like Disneyworld either...and they stayed away in droves for the first few years.
      When SA bought the Sands Hotel some 15 or so years ago, he decided to build the Sands Expo Convention Center next to it even though the bigtime veterans of the Vegas gaming landscape tried to convince him that the Sands needed a new hotel tower far more than it needed convention space. He did it his way and it worked out super-duper. Here's hoping his midas touch will prevail in Spain; I'm not going to be selling any of my shares but I have serious doubts.

    • Keep making your comparisons of Madrid to Las Vegas but realize this. There are 77 casinos in Las Vegas and 122 in the vicinity, and only two in Singapore. There are only 12,571 rooms between the two casinos in Singapore and over 125,000 (10x as many) rooms at the casinos in Las Vegas. Those two casinos in Singapore do as much gambling revenue as all of Las Vegas. How's that you ask? Asians gamble. Any more questions?

    • You can not compare Macau with Madrid. Asians gamble, Europeans don't. I believe it is best to ride a Tiger in the direction it is running, and the Asian Tiger is were it is at. For the sake my remaining LVS shares, I hope I am wrong.

      • 2 Replies to wefwfo
      • It will be interesting to watch. Favorable tax rates and labor costs to build it in a recession. As economies come out of recession tourism will pick back up. Most of EU tourism is to see "old, ancient & historical" things. Time will tell if "new, modern & exciting" will draw visitors. IMO, it will.The "Newness in the Oldness" will be a draw.

      • Let's not compare Spain to Macau. Let's compare it to Pennsylvania. It will look much better. The casino profits will pay for the hotel ....or not. The profits from Macau should not be affected after the casino is built if Adelson sticks to his words. We are going to be Sands International.

        Sentiment: Buy

    • "Adelson is said to believe that his Euro Vegas could attract the one billion people who live in the 50 countries within a 5-hour flight from Spain"

      1 Billion people is more than 3 times the population of the entire USA.
      1 Billion people is approx 1/7 of the entire world's population.

      Sentiment: Strong Buy

    • and you can click the little "ground view guy" icon and take a tour with views from the roads.

      Remember, SA took a parking lot in Vegas and turned it into a convention center, then the Venetian & Palazzo; turned swamp into the Cotai Strip; and a harbor area in Singapore into the world's most profitable IR. I have to assume they have the run the numbers. The number I like to start with is, Spain is the 4th largest tourism destination in the world. That's a strong metric that can be monetized, especially with generous tax incentives.

    • Las Vegas was nothing when the first casino opened there. The Macau Cotai Strip was nothing before the first casino opened there. Look at them both now.
      Roads were built, Jobs were created, Populations rose, Tourists and Conventioneers flocking in.

      "If you build it, they will come"

      Sentiment: Strong Buy

      • 1 Reply to abcsurfnet
      • From the Q4 Conference call transcript:
        "As we've said in the past we will only pursue projects with EBITDA returns in excess of 20% on investment. As the company's largest shareholder, I naturally have a vested interest of pursuing only the highest [......] projects that will maximize shareholder returns. Your interests and my interests are aligned."

        Sentiment: Strong Buy

    • lets see how the 1st IR that they build there does. If it doesn't knock the ball out of the park they won't continue to build this Eurovegas. Each phase is suppose to pay for the next so we will see. At a 10% tax rate it is worth a shot. LVS is not targeting the dairy farmers you see on your ride in that area my friend. Europe is a big place and the wealthy will fly in there for the experience. Can we agree that SA and his team know a lot more about where and when to expand the LVS empire ? who on this board is more successful than SA ? what did they all say when SA was the only one who wanted to build on swamp land in Cotia ?

    • It will be at least 1 ER before this Spain thing gets priced in.
      In the meantime, LVS should be doing ok.

      We may want to wait for analysts' opinion on it. We have at least 2-3 months before betting on this project idea. Most people are not too crazy with it.

      Sentiment: Hold

      • 1 Reply to obamahussein68
      • I say it will be a monumental success. LVS was/is that rare opportunity that investors are looking for, hoping they'll recognize it when they see it.

        There won't be anything like this in all of Europe. It is going to be exciting to watch it come together over the years and transform the tourism industry over there. Any market sell off and I will be in there with any extra cash I have taking all the LVS I can get my hands on.

        Europeans have no idea what is about to hit 'em. You can't guage interest by what is there now because there isn't anything like what Shelly is about to bring.

        FF

 
LVS
57.99-0.09(-0.15%)Dec 24 1:00 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Virgin America Inc.
NASDAQWed, Dec 24, 2014 1:00 PM EST
Gilead Sciences Inc.
NASDAQWed, Dec 24, 2014 1:00 PM EST
Spectrum Pharmaceuticals, Inc.
NASDAQWed, Dec 24, 2014 1:00 PM EST