59.89 +0.25 (0.42%)
After hours: 6:39PM EDT
|Bid||59.72 x 3000|
|Ask||59.70 x 800|
|Day's Range||58.92 - 59.76|
|52 Week Range||47.39 - 69.60|
|Beta (3Y Monthly)||1.28|
|PE Ratio (TTM)||24.03|
|Earnings Date||Oct 22, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||3.08 (5.19%)|
|1y Target Est||69.84|
Sands is the only Integrated Resort named to the DJSI North America in 2019 LAS VEGAS , Sept. 16, 2019 /PRNewswire/ -- Las Vegas Sands Corp. (NYSE: LVS) once again has been recognized by the S&P Dow Jones ...
MACAO, Sept. 11, 2019 /PRNewswire/ -- Sands China Ltd. held its Diversified Local Talent Graduation Ceremony for the Sands China Academy Wednesday at Sands® Cotai Central, to celebrate the achievements of local team members nurtured through Sands China's various human resource development programmes. At the ceremony, Sands China Ltd. President Dr. Wilfred Wong and officiating guests presented certificates to representatives of graduating team members, retailers and SME suppliers.
The gaming business in Macau has been bumpy recently, as the Hong Kong protests and ongoing U.S.-China trade war have buffeted the region’s casinos. But Deutsche Bank’s Carlo Santarelli upgraded Las Vegas Sands stock to Buy from Hold.
Shares of Las Vegas Sands are rising Monday after analysts at Deutsche Bank upgraded the stock to buy from hold while raising the price target to $70 from $69. The price target represents a potential upside of 25% from the stock's closing price on Friday. Las Vegas Sands shares are rising 2.4% to $57.53 Monday morning.
Wynn Resorts and three other casinos have their stock price targets cut by a J.P. Morgan analyst Friday over concerns about events impacting Macau.
New Jersey is ready to overtake Las Vegas as the sports betting capital of the U.S., according to The New York Post. The state, with help from the NFL, is poised to take the lead in newly legal sports ...
Gambling revenue in the Chinese territory of Macau dropped 8.6% in August on the year, hit by tapering demand from high rollers, due to slowing economic growth amid China's trade war with the United States and protests in neighbouring Hong Kong. August's figure was 24.3 billion patacas ($3.01 billion), Macau's Gaming Inspection and Coordination said in data posted on Sunday, below analysts' expectations of a drop of 2%-6%. While protests in the Asian financial hub of Hong Kong have disrupted transport and deterred travel to the former British colony and then on to Macau, analysts say the impact on gaming revenues has been minimal.
The Chinese territory of Macau elected former legislature head Ho Iat Seng as its leader on Sunday - the sole approved candidate. Ho, who has deep ties to China, is expected to cement Beijing's control over the special administrative region and distance it from protests in neighbouring Hong Kong. The 62-year-old's highly scripted appointment comes as the former Portuguese colony tries to position itself as a beacon of stability and model for the Chinese government's "one country, two systems" formula through which Beijing administers Macau and Hong Kong.
Las Vegas Sands (LVS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Japan's second-largest city, Yokohama, said on Thursday it would bid to host a casino resort, a newly legalised industry the government hopes will stimulate the economy and tourism. Yokohama, facing Tokyo Bay and located a short train ride from the capital, joins candidates such as Osaka, Nagasaki and Wakayama vying to host integrated resorts (IR) expected to attract more tourists and investment. Las Vegas Sands Corp promptly announced interest in Yokohama, saying it would pursue IR development there or in the capital rather than in Osaka.
Dividend paying stocks like Las Vegas Sands Corp. (NYSE:LVS) tend to be popular with investors, and for good reason...
LAS VEGAS, Aug. 22, 2019 /PRNewswire/ -- Las Vegas Sands Corp. (LVS) today announced it will not pursue the opportunity to develop an Integrated Resort in Osaka, Japan. Las Vegas Sands Chairman and CEO, Sheldon G. Adelson, said the company is focusing on development opportunities in the Japanese cities of Tokyo and Yokohama. "For the past several years, we have engaged in a conversation with the Osaka government regarding the possibility of building a world-class Integrated Resort there. We thank the people and government there for their professionalism and wish them much success with Expo 2025 and the other initiatives they have planned," said Mr. Adelson. "Consistent with our long-held strategy and our track record of success in achieving it, our company will drive organic growth by strongly reinvesting in our existing portfolio of properties in Macao, Singapore and Las Vegas, reward our shareholders through our dividend and share repurchase programs and target new development opportunities that allow us to maintain our industry-leading returns on invested capital – and we think an investment in Tokyo or Yokohama gives us the best opportunity to do exactly that," he concluded.
Japan's second-largest city, Yokohama, said on Thursday it would bid to host a casino resort, a newly legalised industry the government hopes will stimulate the economy and tourism. Yokohama, facing Tokyo Bay and located a short train ride from the capital, joins candidates such as Osaka, Nagasaki and Wakayama vying to host integrated resorts (IR) expected to attract more tourists and investment.
Summertime is downtime for a lot of occupations - and politics is no exception. That's true of Capitol Hill, where Congress has adjourned for their August recess. And it's true of state governments, too, where "prime time" is usually spring (when the annual legislative session is typically held).But that's not to say there are no new developments. For example…right now, a movement is quietly gathering steam in one southeastern state, and it's not getting much attention in the usual media outlets. But it's building a surprising trend: Florida could be on the verge of legalizing marijuana.More often, when Florida makes the national news, it's one of those bizarre stories involving a Florida man or woman, a gator attack, or maybe some kind of altercation at a Publix grocery store.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut this month, the Florida headlines show some positive momentum for pro-legalization advocates. And none other than Rolling Stone magazine had a big feature on it this week. * 10 Marijuana Stocks to Ride High on the Farm Bill Now, like every state, Florida also has its anti-legalization advocates.Back in the 1930s, when one Florida man committed a gruesome murder and the Tampa police scapegoated "marihuana cigarettes" for it, the case was used to push marijuana prohibition nationwide.More recently, when voters were about to vote on a medical-marijuana ballot initiative in 2016, the Florida Sheriff's Association lobbied against it. The billionaire founder and CEO of Las Vegas Sands (NYSE:LVS), Sheldon Adelson, also blocked previous medical-marijuana initiatives. Governor Ron DeSantis has been hesitant to back legalization as well.But that may be starting to change. Florida has come a long way, thanks to advocates like Ricky Williams, former running back of the Miami Dolphins, who used marijuana to manage pain and still speaks at Florida cannabis conferences.Medical marijuana was approved by Florida voters in 2016 -- with 71% of the vote! -- and in March, DeSantis signed a bill allowing patients to purchase smokable marijuana for their medical needs. The younger guard, such as U.S. Rep. Matt Gaetz, tend to lean pro-legalization. And the state of Florida's only Democratic official, Agricultural Commissioner Nikki Fried, got there on a pro-legalization platform.Now, Floridians may be considering full legalization on the 2020 ballot. A group called Regulate Florida have a potential pro-legalization referendum ready for judicial review… all they need now is the signatures.Make It Legal Florida is the newest cannabis lobby group to hit the scene. On August 1, they registered as a political action committee (PAC) with Florida's election bureaucrats, and named Nick Hansen as their chair. Hansen's resume includes stints as a staffer in the Florida legislature, and new Southeast Director of Government Affairs for the California cannabis retailer MedMen (OTCMKTS:MMNFF).I'm no big fan of MedMen. Its fundamentals are bleak, with the company operating at a loss far greater than its cash and equivalents. Even worse, its former CFO alleged insider enrichment without proper disclosure.But I think MedMen is right to see opportunity in Florida -- the company is about to open 11 more stores there -- and it's definitely not alone in that. Already, with only partial legalization, Florida is on track to control 10% of the U.S. legal cannabis market by 2025. According to Leafly's 2019 Cannabis Jobs Report, Florida men and women are leading the pack -- with 9,068 cannabis jobs added in 2018, and another 9,050 expected this year!Most importantly… Florida is a major U.S. state, and would be a big "domino" to fall, paving the way to full, federal legalization. Marijuana Legalization: My "Domino Theory" of Cannabis InvestingDuring the Cold War struggle between communism and capitalism, the term "domino theory" entered the American consciousness. As the theory goes, if one small country was allowed to fall to the communists, it was sure to tap the next "domino"… which would tap the next one… and so on.While the Cold War is long over, the term "domino theory" lives on to this day. Any situation where seemingly small catalysts pave the way for larger events earns the label.In the legal marijuana business, every few months, another domino falls in the direction of widespread marijuana legalization -- and huge gains for us as investors. Thanks to the sea change in how people view marijuana, legalization all over the world is an unstoppable trend… and one of our "core" long-term themes at Investment Opportunities.In January, I was about to head to the Benzinga Cannabis Capital Conference when I first recommended MTech Acquisition to subscribers. After spending time with their top executives at the conference, I knew it was an even better opportunity than I originally thought.By June, MTech had merged with a tech company called MJ Freeway to become Akerna (NASDAQ:KERN) -- and at Investment Opportunities, the new shares earned us a 153% profit… then a 546% profit! Not bad for less than five months held.And today, I see a few OTHER big opportunities out there now. Why I Like Penny Pot Stocks Ahead of Full LegalizationPenny stocks often get a bad rap. But they are actually critical to the global marketplace. The world needs tiny companies -- just as much as bigger ones. They're the job creators. The innovators. And they're the places to look for the biggest gains once marijuana legalization occurs.As an investor, if you're looking for the next Netflix (NASDAQ:NFLX) or Apple (NASDAQ:AAPL), this is where you'll find it.You just want to be VERY choosy about which ones you buy.I use strict guidelines to pick penny stocks -- and I tell you all about them in this presentation.When I used my five-step evaluation process on the marijuana market, I identified four stocks that are worth buying now.During my presentation, you'll have the opportunity to secure a free copy of America's Top 4 Marijuana Moonshot Stocks… I'll even give you a fifth bonus name just for fun.Matthew McCall left Wall Street to actually help investors -- by getting them into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA) and +1,044% in Tesla (TSLA), just to name a few. Click here to see what Matt has up his sleeve now. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks to Ride High on the Farm Bill * 8 Biotech Stocks to Watch After the Q2 Earnings Season * 7 Unusual, Growth-Oriented REITs to Buy for Your Portfolio The post Marijuana Legalization: The Next "Domino" May Be About to Fall appeared first on InvestorPlace.
The Chinese territory of Macau is set to elect as leader the only candidate for which it is allowed to vote: a Beijing-backed former legislator who is expected to cement China's control over the special administrative region and distance it from escalating protests in neighbouring Hong Kong. The 62-year-old's highly scripted appointment comes as the former Portuguese colony tries to position itself as a beacon of stability and model for the Chinese government's "one country, two systems" formula through which Beijing administers Macau and Hong Kong. "Many people expressed they do not want to mess up Macau," Ho told local media this week, explaining that he had heard much opposition to the protests that have plunged Hong Kong into its deepest political crisis since its handover to Beijing in 1997.
Las Vegas Sands (ticker: LVS) is up just over 5% so far this year, compared with a more than 16% rise for the S&P 500 and double-digit gains for peers (WYNN) (WYNN) and (MGM) (MGM). The company’s earnings have been hit or miss this year, but a major concern for investors is the ongoing trade war and what that might mean for China’s economy. The Chinese gambling hub of Macau has recovered from some of its worst declines, but plenty of investors are still nervous that it could take another hit if tariffs escalate and curb gamblers’ appetites.