In another thread, I suggested that the limit of 6 licenses appears pretty solid.
Tam would seem to be signaling a more open minded approach to it, particularly with his paying homage to the word "competition" in his nomanclature above.
Thx for your insight, lau.
Singapore appears more likely to add a license once renewals come up, but I don't see any inclinations of that on macau, particularly given that the initial 3 licenses there were granted and equal number of additional sub-licenses.
There is also almost no evidence of licenses of large companies in China losing their licenses absent any significant mis-conduct. While LVS has had it's issues with former executives and business connections, none have risen to high levels and most are subject to guesswork as to what actually transpired. Further, LVS has now gone years without similar events, and has taken an aggressive stance toward fixing any processes or policies that may have contributed to such past events.
Saw it, and yes, it is.
Anybody screening this stock with regular screening tools still sees the annual dividend at $1.40, when in reality the dividend for 2014 is $2.00. It's a reality that will provide support for the stock in the months to come, and the growth of the dividend will stand out as well.
One of the problems with LVS a couple of years ago was that buying interest in the stock was exclusive of income-oriented investors who otherwise screen for large-cap stocks. By paying a rapidly growing dividend, LVS now appeals to income investors who like a large, stable company with growth that stands out above other large companies with similar dividend yields.
Perhaps this kind of language will mean that large, integrated resorts that attract overseas tourists will be given preferrential tax treatment.
Nice to see that something could happen before year's end. Thx. goos. S.
Yes, ksa. Happy x-giving to you and everyone who constructively discusses LVS on this board.
Looks like a strong market today, including LVS, borne apparently out of a robust black friday selling season.
... and I wouldn't plan on a special dividend this year. Last year's special dividend was inspired by impending tax law changes. S.
I think you read the nuclear option incorrectly, ipso.
Reid passed an elimination of filibuster rules for appointment confirmations, but not for other legislation.
Regular, 60 vote cloture rules would still apply to any future GOP majority in the Senate that might attempt to kill the Affordable (sic) Care Act.
Other than RIG's high-spec jackups that are being built without contracts...
... is there a Transocean "spec building spree" going on with deepwater rigs you'd like to tell us more about?
Beckham is staying in macau for the big boxing match.
It would be pretty cool if they could pan a lot of celebrities with the cameras...
... and beam them into every Filipino household that has gotten their electricity hooked back up.
Blitz, I respectfully take your "maxed out" argument with a grain of salt.
The ferry terminal and border gate expansions are on-going, the light rail is not that far from completion, and they are continuing to add trains on the Beijing to Guangzhou high-speed line.
Even if customs people-count YOY increases stay in the middle, single-digit growth levels, ALOS, the table supply crunch, and the lack of new resorts, should allow margins to continue swamping physical crossings until the HK bridge gets built.
Saw the Zacks piece this morning. It makes me nervous that LVS is rated so high... sometimes that's a precedent for the idea that everybody who ever wanted to own LVS... already does.
Tony, I can see from my well-worn, iggy button that you have come to this board.
I would like to suggest that you come here to discuss LVS.
No one here disparages others. No one here talks about politics. It's a nice place to discuss LVS and learn about the company from other posters.
I would like to invite you to share the best information that you have on LVS here as well. I may not be able to see your posts, but I'm sure that the other posters here would appreciate it if you would contribute to the constructiveness that has occurred here since last summer.
Cal... I'd like to respectfully ask that we not disparage other posters on this particular board.
I fully appreciate the rationale behind wanting to attack someone that's perceived to be a trouble maker, but escalating the rhetoric can only serve to damage what has been an excellent LVS-content board up until recently.
Appreciate your LVS posts, cal, an hope you can appreciate my point above.
The initial reaction will likely be expatriated funds, but more exchange freedom will also eventually create a backwash of funds back to china, IMHO.
It makes sense for Wealthy chinese to want to internationally diversify, given China's repressive history. But those same wealthy chinese will also eventually be more likely to fund mainland Chinese investments that arise with expatriated funds if the politburo can build confidence among them in the years to come, that funds can flow more freely and that the risk of re-patriating funds for specific purposes carries less risk than in years past.
China knows that global economic dominance means creating a world currency like the US dollar, and the yuan will surpass the dollar given the degree to which the dollar is being de-based in it's home country.
Agreed that it's "unlikely". Last year's tax incentives were behind the special dividend. LVS has substantially increased it's "regular" dividend for next year, and it would be extremely unusual for them to do both.
The regular divvy went from $1 in 2012 to $1.40 this year to $2.00 next year. That's quite the trajectory!
I just calculated today that LVS has 58% more debt than Wynn... but LVS also has 267% more EBITDA than Wynn.
Sands macau is the only SCL resort that has declining rolling chip volumes.
Looks like a chicken vs the egg thing to me... are volumes declining because of the junkets... or are the junkets having problems because of the declining volumes at that venue?
It's been a nice run. Unfortunately, it was a smallish position given the volatility in tech these days.
Micron is just down the road from here in Boise and I picked up some business relationships there back in the days when HP had their disc-memory plant there.
As good as it's been, Micron is a bit too much like the hard drive mfg companies for me to buy a position as big as LVS...
... but the run has been sweet and you have my sincerest congrats. for a great play!
Yes, gasoline prices should help, but an offset to that is uncertainty over higher insurance costs. Flagging consumer confidence usually doesn't impact sundry shopping at walmarts as much as it impacts installment sales, but consumer confidence has really plunged over the past 6 or 7 weeks and I'm not sure how Christmas is going to shape up.
Our cold snap in E. Washington is moving toward Vegas, so the 70 degree weather has been cancelled. We were originally planning on Florida, but too many professional conflicts preventing me from being gone that long. Looks like Tropicana finally put in some decent double-deck BJ, so we're staying on South Strip... want to see the Cirque Michael Jackson show as well.