Sands China 1928

[winston]

Sands opens new casino resort in Asian gaming hub by Stephen Coates

Las Vegas Sands Corp. opened its fourth casino in the booming Asian gaming capital of Macau on Wednesday, transforming a "swamp" earmarked for a fireworks factory into a $5 billion resort.

The Sands Cotai Central features three hotels, high-end retail stores, ballrooms, convention halls and of course casinos in what amounts to a double-down bet on the spending power of China's burgeoning middle class.

Sands already runs the Venetian Macau, the Plaza Macau Four Seasons and the Sands Macau.

Macau's gambling revenue soared 42 percent to a record $33.47 billion in 2011, but the pace of growth in the world's biggest gaming hub slowed from a year earlier, according to official figures.

The total is about five to six times higher than the amount that gamblers are thought to have spent on the Las Vegas Strip in 2011, according to Hong Kong-based brokerage CLSA.

Las Vegas Sands Corp. President Michael Leven said the gaming market in Macau had the potential to be "20 or 30 times bigger" than it is today, while the local hotel and convention businesses would also soon surpass Las Vegas.

The Sands Cotai Central project brings another 5,800 hotel rooms onto the market, boosting the city's total capacity by 26 percent, employs around 20,000 people and adds convention space for more than 50,000 people.


Source:AFP Global Edition

http://www.newsmeat.com/news/meat.php?a ... &buid=3281

[winston]

Sands China Falls as Earnings Miss Estimates: Hong Kong Mover By Vinicy Chan

Sands China Ltd. (1928), the Asian unit of billionaire Sheldon Adelson’s Las Vegas company, fell the most in more than two weeks in Hong Kong trading after first-quarter earnings missed market expectations.


http://www.bloomberg.com/news/2012-04-2 ... mover.html

[winston]

not vested

DJ MARKET TALK: Sands China +2.3%; Will Be HK's 1st Casino Blue Chip

1130 [Dow Jones] Sands China (1928.HK) is the top-performing Macau stock this morning, rising 2.3% to HK$29.10 following news last night it will become Hong Kong's first-ever blue chip casino stock by joining the benchmark Hang Seng Index June 4.

Citigroup analyst Anil Daswani says the inclusion of the Las Vegas Sands (LVS) unit is a "a significantly positive catalyst" that will further improve liquidity in the stock.

Based on its May 8 closing price and adjusted for the 30% free float factor, Citi estimates Sands China represents 1.13% of the HSI and that the inclusion represents 2.1 days of the stock's average trading volume.

Source: Dow Jones Newswire

[winston]

not vested

DJ MARKET TALK: Nomura Ups Sands China Target To HK$33.00 Vs HK$30.55
May 24, 2012

1543 [Dow Jones] STOCK CALL: Nomura raises Sands China's (1928.HK) target price to HK$33.00 from HK$30.55 and keeps the stock at Buy.

It raises its estimates for Sands China, in particular its FY13 estimates for Sands Cotai Central (SCC) as its original assumptions "have been too conservative."

While it maintains the view that SCC will take time to get up to speed on the VIP side, it's confident that the property could at least deliver US$700 million-plus EBITDA in its first full year of operation in FY13.

Sands China rises 1.2% to HK$25.70, in line with the sector rebound.


Source: Dow Jones Newswire

[winston]

Sands China Gives Up Appeal For Macau Land

HONG KONG – A Las Vegas Sands Corp. (LVS) unit said Friday it has abandoned attempts to win rights to Macau land in which it has already invested more than US$100 million, surrendering some of its expansion plans in the world's largest casino market.

http://www.foxbusiness.com/news/2012/06 ... acau-land/

[winston]

not vested

2009-07-12 14.08.01.jpg

View of the Mini Golf at The Venetian

Nice busy resort but I still do no like the valuation.

[winston]

not vested

DJ MARKET TALK: CS Downgrades Sands China; Tips Earnings Risk

1031 [Dow Jones] STOCK CALL: Credit Suisse cuts Sands China (1928.HK) to Neutral from Outperform, and the target price to HK$30.00 from HK$36.00, citing near-term earnings downside risk.

It's valuation premium which has captured the medium-term earnings growth potential from the addition of Cotai Central, as well as longer-term derating risk, due to no new casinos set to open.

The house says Cotai Central has so far been a disappointment to Sands China; it captured a mere 3.6% luck-adjusted market share in May, with most of the market share gain offset by the market share loss at Venetian Macau and the Plaza.

CS believe Cotai Central, on a combined basis, may be having negative earnings contribution to Sands China, and the situation may linger on until the Phase II of Cotai Central is opened in September.

"As such we see significant earnings downside risk, particularly in 2Q-3Q FY12."

Sands China is the worst-performing blue chip, falling 5.4% to HK$22.80.

Source: Dow Jones Newswire

[winston]

Not vested.

Don't like it's Valuation but it's still a nice place to visit.

The Venetian, Macau

2009-07-12 15.57.53.jpg

[winston]

not vested

SANDS CHINA LTD (01928) seeking to extend development period for Macao casino resort

Bloomberg reported that SANDS CHINA LTD (01928) is seeking more time to the construction of the Macao casino resort.

At present, it has not yet broken ground with less than a year from the deadline for its completion under a government land permit.

SANDS CHINA LTD (01928) spokeswoman Melina Leong said it is in talk with the Macau government to extend the development period ended April 2013 for the development of the "Parcel Three".


Source: AAStocks Financial News

[winston]

not vested

DJ MARKET TALK: Sands China +2.4%; Project Extension Approved

1350 [Dow Jones] Sands China (1928.HK) is the best-performing blue chip, rallying 2.4% to HK$23.30 on news Macau government has given it a three-year extension, to complete construction of the planned casino-resort known as "Parcel 3," which will be connected to its flagship Venetian Macao property.

This is a boon for the company's development plans, as the casino operator was initially supposed to finish the project by August 2011, received an extension until April 2013 and then applied for another extension earlier this year.

Had it not received the government's approval to continue construction, it could have lost its land rights to the area and the $96 million it had already invested in developing the land.

Additionally, the extension would mean a delay in new openings, boding well for other Cotai-focused casino operators such as Galaxy Entertainment (0027.HK). Galaxy is up 1.9% at HK$19.28.


Source: Dow Jones Newswire