Topic: How To Invest

Pat: Las Vegas Sands is on the Vegas strip, plus it also has branches in China. What do you think of this stock?

Article Excerpt

Las Vegas Sands Corp., $49.92, symbol LVS on New York (Shares outstanding: 660.7 million; Market cap: $33.0 billion, www.lasvegassands.com), is one of the world’s largest hotel and casino operators. The company gets about 80% of its revenue and earnings from Asia, and 20% from the U.S. In Macao, China, the company owns 70.3% of Sands China Ltd. This subsidiary owns the Venetian Macao Resort Hotel, the Four Seasons Hotel Macao and the Sands Macao Casino. On April 27, 2010, Las Vegas Sands opened the first phase of its Marina Bay Sands casino resort in Singapore. The final two phases will open soon. In all, this project will cost about $6.4 billion. Singapore has a well-educated population and is a major banking centre for the region, so this investment has strong potential. In Las Vegas, Nevada, the company owns the Venetian Resort Hotel Casino, the Palazzo Resort Hotel Casino and the Sands Exposition and Convention Centre. Las Vegas Sands is also…