Macau’s resort landscape has grown substantially in the last year, even though its gaming revenue has suffered so much since 2014. Fool contributor and former Macau local Seth McNew gives insights on what companies like Las Vegas Sands 10 stocks we like better than Wynn Resorts When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
Category: Las Vegas Sands
Why Las Vegas Sands, Whirlpool, and F5 Networks Slumped Today
The stock market lost some of its upward momentum on Thursday, as major market benchmarks finished the day narrowly mixed. The S&P 500 and Nasdaq Composite both lost less than 0.1%, but the Dow Jones Industrials managed to post a gain of 32 points, which sent the average above the far less meaningful level of 20,100.
Las Vegas Sands Falls After-Hours as Earnings Miss Expectations
Las Vegas Sands shares fell 3.5% to $54.60 in after-hours trading Wednesday after the company missed analysts’ top and bottom line expectations for the fourth quarter. Las Vegas Sands reported a 5.6% increase in net income to $607 million, or adjusted earnings of $0.58 per share on revenue of $3.08 billion.
Las Vegas Sands paying $7 million to settle corrupt practices probe
U.S. authorities say billionaire Sheldon Adelson’s casino company is paying almost $7 million to settle a foreign corrupt practices investigation of the firm’s former relationship with a consultant in Macau and China. Justice Department and FBI officials said Thursday the agreement with Las Vegas Sands Corp. resolves a probe into more than $60 million paid to an unnamed agent retained in 2006 for business dealings including efforts to acquire a Chinese basketball team.
Will Las Vegas Sands Stock Pay a Bigger Dividend in 2017?
The casino giant’s CEO, Sheldon Adelson, has signaled that Sands intends to follow through on plans for a small dividend increase in 2017. Yet with a yield in excess of 5% and an annual dividend rate that exceeds its earnings over the past 12 months, some investors worry that Las Vegas Sands’ dividend might be at risk.
Better Buy: Las Vegas Sands Corp. vs. MGM Resorts
Because each casino operator has placed separate bets on the gaming market, investors will want to know which makes the better investment as the industry’s rebound gains momentum. Sands and MGM have their feet firmly planted in the two biggest gambling markets, Las Vegas and Macau, but that’s where the similarities end.
Analysts’ Actions — Las Vegas Sands, Red Hat, Greif and More
Here are Thursday’s top research calls, including downgrades for Greif and Red Hat, and new coverage of Las Vegas Sands. Aegion was upgraded to buy at TheStreet Ratings.