Las Vegas Sands: Top-line growth and ambitious plans
Las Vegas Sands Corp. (NYSE:LVS) is a hotel, gaming, and retail mall operator that owns The Venetian Resort Hotel Casino, the Sands Expo and Convention Center, Venetian Interactive (an internet-based venture) and the Venetian Macao (in Macao, clearly).
The company’s first-quarter 2013 resulted in EPS of $0.71, beating the year-ago quarter’s earnings by 1.4%. The main drivers of this increase are strong top-line growth and operational efficiency. Net revenue of $3.3 billion is up 19.5% year over year, proving the company’s position in the market and its international presence.
Las Vegas Sands Corp. (NYSE:LVS)’ strong brand recognition and attractive property locations, plus the development of Sands Cotai Central resort project, will ensure future growth.
Finally, management plans to strengthen the international presence of Las Vegas Sands Corp. (NYSE:LVS). This includes pipeline projects in Korea, Japan, Vietnam and Taiwan, plus the exploration of opportunities in South America and Europe.
Being the only Chinese city where gambling is legal, Macao has become a destination for investments. That said, Vegas will be back and remain the worldwide gambling destination. Overall these results speak for themselves: gaming is coming back.
The article Gaming’s Come Back originally appeared on Fool.com.
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