Las Vegas Sands......beobachten
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Las Vegas Sands Turns the Corner
After years of unprofitable operations while it built its Macau and Singapore projects, Las Vegas Sands (NYSE: LVS) has finally turned the corner into profitability. Said profit wasn’t much -- $14.7 million, or $0.01 per share -- but it’s a step in the right direction.
Macau led the way again with $300.7 million in EBITDA, as revenue grew 40.7% to $1.04 billion. Macau EBITDA accounted for 63.5% of worldwide property EBITDA in the quarter, continuing Las Vegas Sands' reliance on Asia for its profit.
But the big story this quarter was the opening of Marina Bay Sands in Singapore. So far, investors have cheered results at the brand new resort, but let’s put the numbers into perspective. EBITDA for Marina Bay Sands was $94.5 million, off revenue of $216.4 million, in its first 65 days of operation. This 43.7% EBITDA margin has caught the eye of a lot of investors, but it shouldn’t be surprising to those who watch closely.
A low tax rate was one of the reasons why Las Vegas Sands, MGM (NYSE: MGM), and Wynn Resorts (Nasdaq: WYNN) -- the latter dropped out at the last minute -- pursued the Singapore project. Singapore takes only 17.3% in effective gaming, goods, and services taxes, while Macau takes a much higher 39%. This difference effectively increases casino win per bet, and therefore the casino's EBITDA margin as well. So the high margin number didn't owe to some great effectiveness by Las Vegas Sands, or a spectacular opening. It’s just the effect of a lower tax rate.
The other item that caught my attention while listening to the conference call was Las Vegas Sands' success in deleveraging its business. The company paid down $420 million of debt in the quarter, excluding Singapore. This is very important, since just over a year ago, Las Vegas Sands was in danger of breaking its debt covenants and going bankrupt.
Overall, Las Vegas Sands' numbers were solid. Debt reduction will help keep it out of trouble, and if Macau and Singapore continue to perform well, investors should be very pleased -- even if Las Vegas itself remains a drag on results.
http://www.fool.com/investing/general/2010/08/04/...s-the-corner.aspx
Ja, das beobachte ich momentan auch. Ich glaube, ich werde mal schauen, ob ich da meinen Kurs bissle verbessern kann.
We're interested in investing in Thailand and Bangkok is our target. So far we haven't talked with any government body here, but are waiting for an invitation from Thai officials," George Tanasijevich, general manager of the Marina Bay Sands and vice president of Singapore Development, said during a visit this week.
The project would create 800-1,000 jobs.
The group has been seeking investment opportunities here for two to three years, but cannot conduct a feasibility study yet due to many other considerations such as social reflections, the Thai government's intentions and regulatory factors.
The development would include a hotel, entertainment, business meeting hall and shopping facilities. A casino probably is part of the project, he said. All other properties in Macao and Singapore feature a casino.
The destination resort here would not compete with those in Singapore and Macao, but would be a supplement to help expand business in the region and draw visitors to Thailand, he said while promoting the Marina Bay Sands Singapore, which opened in June.
"Thailand is one of the top five key markets along with Indonesia, Malaysia, India and China. We just established a sales office in Bangkok to help boost the number of Thai guests," he said.
The group is working with local travel operators to create tour packages to lure Thais to Singapore and with event organisers to bring business meetings and events to the city-state.
It is working with the Singapore Tourism Board to do marketing overseas to promote new attractions in Singapore.
"We are trying to encourage Thais to take a flight to Singapore for business and take a vacation there," he said.
The Marina Bay Sands Singapore consists of nine key components - hotel, casino, convention centre, shopping area, museum, theatre, sky park, crystal pavilion and event plaza.
By year-end, the complex will be completely operational, so it should attract more market segments.
Early this year, Resort World, owned by Malaysia's Genting Group, was opened to target mainly family, leisure travellers and gamblers.
Last year, Singapore received 9.7 million visitors. It aims for 11.5-12.5 million arrivals this year and hopefully for 17 million by 2015.
http://www.nationmultimedia.com/home/2010/08/05/...gkok-30135230.html
http://www.thestreet.com/story/10827137/2/...us-banks-in-trouble.html
Egads! Does her record company know she's up that high? That brave soul addressing the press in a swimming pool is none other than Rolling Stone cover girl Katy Perry—and that's not just any old pool. It's the largest outdoor swimming pool in the world and the number one on our own list of 10 Death Defying Rooftop Hotel Pools.
Perry is in Singapore (or as The Sun called it, Singa-phwoar) to headline Singfest 2010, and clearly the most presidential of presidential suites at the Marina Bay Sands wasn't good enough for the California Gurl. Was it the breeze she was after, or was the intention to scare the living daylights out of the journalists asking her hardball questions?
Look at all those intrepid, brave reporters piled into the infinity pool 55 stories off the ground! At least they probably avoided vertigo (or worse) by fixing their sights on Ms. Perry instead of daring to peek at the city skyline.
By the way, could this be a world first? Not the pool press conference bit, but the part about looking at Katy Perry as a way to make blood pressure go down rather than up?
Either way, the still-new Marina Bay Sands are mighty proud of this coup—they posted the link to these photos on their Facebook page.
But you know who's probably feeling a bit self-conscious about size right about now? The rooftop pool at The James New York. Way to give a hotel pool a complex, Katy!
http://www.hotelchatter.com/story/2010/8/3/225521/...a_Bay_Sands_Pool
Danke
von Sands China Ltd. (1928.HK) zugelegt.
M.E. wird es hier in absehbarer Zeit massiv mit dem Kurs
in Richtung Norden gehen. Macau trägt immerhin am
beisten zum Las Vegas Sands Ergebnis bei.
http://www.reuters.com/finance/stocks/overview?symbol=1928.HK
wenn man das Ganze vernünftig übersetzen möchte/will.
Es gibt doch diverse Übersetzungsprogramme,
allerdings sind diese Programme nicht dazu geeignet diese
Artikel zu übersetzen.
Mit ein bis zwei Schlagwörter beschreiben wir @Lou, @Rico oder ich die News und wenn mal nicht aus Zeit gründe könnte ihr aber jeder Zeit Fragen.
Bin ganz froh, daß die $29 gestern nicht gehalten haben.
Zu große Kursanstiege an einem Tag, bringt die Leute meisten
auf dumme Gedanken ("Verkaufen"). Das gestrige PLUS von
2,75% kann sich doch sehen lassen.
Ich hab nur die Türklinke davon. ;-))
Die Aktie notiert aktuell bei 11,80 HK-Dollar.
Umgerechnet sind das ca. 1,20 Euro
Ich glaube, auch mit dieser Aktie kann man NICHTS verkehrt machen.
man nimmt die Gondel.
http://www.skyscrapercity.com/showthread.php?t=413659&page=162
Du weißt aber ohne meine Türklinke kommst du nicht rein.