Asia Gaming: Las Vegas Sands at the Crossroads of Ignition as Business Model Matches Market Growth
A mixture of China headwinds and slowing VIP segment has taken a disproportionate toll on LVS valuations against peers. Mass gaming growth is...
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Rising Nationalism Propaganda by State Media, China Macro Data 4M 2019
Since May 10 when Chinese Vice Premier Liu He left the Washington without a trade deal with the US, nor any plan for future talks, both countries...
599 Views
Macau Gaming: Strong Labor Day Holiday GGR
Our checks indicate that during the first 5 days in May, Macau GGR reached ~1 billion MOP, up by HDD (high-double-digits) year-over-year. This was...
453 Views
Market Response to S9bn Gaming Expansion Perplexes More than It Reveals
Las Vegas Sands and Genting Singapore have both made good bets triggering different market responses. Concerns about Genting shouldn't be centered...
673 Views
Las Vegas Sands: Singapore Expansion Impacts Our Valuation Now, Long Before Projected 2025 Debut
LVS at $64 has runway to $80 by Q4 this year with more core catalysts than many peers. Just announced Singapore expansion solidifies LVS first...
560 Views