Las Vegas Sands strengthens its position in Macau
The gaming company bets big on the Chinese gambling mecca.
LVS is strategically strengthening its foothold in the region. LVS' competitors, including Wynn Resorts (WYNN) and MGM Resorts International (MGM), are also working towards expanding their presence in Macau.
The first phase featured about 1,800 rooms under the Conrad hotel brand and the Holiday Inn brand together with 340 gaming tables and 40 VIP rooms for high-rollers. The newest addition would further solidify LVS' position in Macau, which presently owns Venetian Macao, Sands Macao and Four Seasons Hotel in the region.
According to our analysis, LVS' Macau operations comprise the most significant factor driving the company's share price, making up 50% of its valuation. LVS, which has invested more than $8 billion in Macau, is optimistic about the future potential of Macau. According to reports, it is seeking approval for another resort in the region.
We believe LVS would be able to leverage the timing of the newly launched resort. According to reports, until 2015, no casinos are expected to open in Macau due to the time needed for government approval and construction.
Copyright © 2014 Microsoft. All rights reserved.
These hot movers could rise by double digits in coming months.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.