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Las Vegas Sands Corp. Message Board

  • grftt grftt Feb 21, 2013 4:01 AM Flag

    Union gaming...lower gross gaming for gaming operators, not neccesarily low profits, actually the opposite.

    Union Gaming Research noted that lower gross gaming revenue during the Lunar New Year period did not necessarily mean lower profits for gaming operators.

    “Given the continued positive mass market inflection, it is important to keep in mind the significantly higher profitability associated with this segment,” Macau-based analysts Grant Govertsen and Felicity Chiang wrote yesterday in a note.

    “Throughout the Chinese New Year period, we witnessed table minimums on general mass market floors were generally in a range of 100 percent to 300 percent higher than normal levels,” they added.

    Sentiment: Strong Buy

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57.16-0.74(-1.28%)Oct 21 4:02 PMEDT