The current surge in gaming revs is a delayed reaction to economic strengthening in China. It's not all mfg... it's also spending... much of it due to a wealth effect from housing.
Macau market share is steadily shifting from the peninsula (downtowm) to Cotai... just as Vegas patronage steadlily shifted from downtown to the strip all through the 80s and 90s. In Macau, it's arguably happening faster, as Cotai didn't even EXIST before Venetian was opened less than 6 years ago. Now there are 15,000 hotel rooms on Cotai.
To me, 2013 appears to be the year that Sands China has all of it's competitive cannons firing in unison. The 64% surge in VIP revenues in Singapore appears to have been totally lost in the most unlucky table hold the resort has seen since it was opened... but it was a solid surge that was confirmed by a similar surge at Resorts World Sentosa... their only singapore competition.
I'm expecting a solid year for Macau and Sands. The new trains are packed and the mass market is growing at a 30% YOY clip with no new gaming supply capacity in the pipeline until 2016.
I've suggested before that it's not the people who drive the "accumulation/distribution" metrics that are keeping LVS down. I think the pros, who look at many operational and financial metrics, are buying LVS, and the casual, retail stock screener who seldom looks past the P/E, is who is selling LVS.
It's for that reason that I think that a good showing with EPS in Q1 will create quite a reaction... because it would influence most those who are most inclined to pass LVS by in favor of those that appear to have a better PEG ratio.
Are you idiots on this board that stupid! Did see what he paid for the stock options!!! Spend 2 billion to make 10 billon more!! plus the 1.40 div on 226k shares! Stop fn hyping and just sit back you will eventually be rich here, like me. lol While I am ranting.... its really pathetic how all the fools here feel the need to post yahoo news in here. duhhhh! long and strong forever here, so give it a rest.