Mario Gabelli & Company, happy thoughts about Las Vegas Sands (LVS). In a report today, it reiterated its Buy recommendation for the stock. One of the reasons: Macau.... .
Gabeli believes Macau will continue to experience growth in both gaming and non-gaming revenues as new transportation infrastructure and the expected increase in hotel room inventory continue to drive visitation. On January 28, 2013, LVS opened 2,100 additional rooms in Phase IIB of Sands Cotai Central. In September 2012, the company opened the first of two hotel towers of the Sheraton Macao Hotel. On April 11, 2012, LVS opened the first phase of Sands Cotai Central in Macau with 1,800 rooms and significant gaming, meeting, convention (MICE) and retail space...................
9.200+ Hotel Rooms in Macau