Las Vegas Sands (LVS)

[whytestocks]

NEWS: $LVS Could Las Vegas Sands Survive a Second Wave of COVID-19 Closures?

Las Vegas Sands (NYSE: LVS) saw its stock nearly cut in half by the coronavirus pandemic, which caused the stock market to plunge in late March. Yet its stock was already falling fast because of the pandemic's impact on China, where COVID-19 originated. The casino operator generates over 60...

Got this from LVS - Could Las Vegas Sands Survive a Second Wave of COVID-19 Closures?

[JohnCM]

In for the first time.

[JohnCM]

[JohnCM]

Buy ...

[JohnCM]

[JohnCM]

Decent looking chart. Manageable.

[JohnCM]

All of these names, except for LVS, were over 70 RSI(14) recently, they have just cooled off to the middle of the scale. Scraping the froth off the top.

PENN 57.15
LVS 55.09
ERI 57.18
WYNN 58.43
MGM 58.69

[JohnCM]

All casinos falling apart. Yup, just like the airlines. I still like the names and the sector. Hang on!!!!!!!!!!!!!!!!!!!!!!

[JohnCM]

BRIEF-Las Vegas Sands Corp -Venetian Resort Opened Both Venetian And Palazzo Towers On June 4

BY Reuters
— 5:53 PM ET 06/09/2020

June 9 (Reuters) - Las Vegas Sands Corp ( LVS

* LAS VEGAS SANDS CORP - VENETIAN RESORT OPENED BOTH VENETIAN AND PALAZZO TOWERS ON JUNE 4

[JohnCM]

[JohnCM]

Adelson’s Singapore Casino Probed Over Laundering Controls

By Chanyaporn Chanjaroen and Tom Schoenberg - Bloomberg
June 4, 2020

U.S. seeks documents; Singapore reviews fund transfers

Casino says it has investigated every assertion of wrongdoing

The Singapore casino of billionaire Sheldon Adelson’s Las Vegas Sands Corp. is being probed by the U.S. Department of Justice over whether anti-money laundering regulations were breached in the way it handled the accounts of top gamblers.

The Justice Department in January issued a grand jury subpoena to a former compliance chief of Marina Bay Sands Pte, seeking an interview or documents on “money laundering facilitation” and any abuse of internal financial controls, according to a copy of the subpoena seen by Bloomberg News.

Prosecutors asked the former compliance head, as a person with knowledge of the casino’s operations, to produce records related to any such violations including through gambling junkets and third-party lending using casino credit, the document shows. The U.S. inquiry, which people familiar with the matter said is likely in its early stages, is also seeking to establish if there was any retaliation against whistleblowers, according to the subpoena.

Sands shares fell as much as 5.3% on Bloomberg’s report before recovering some ground. Other operators, including MGM Resorts International and Wynn Resorts, gave up some of their gains on a day that the Las Vegas Strip saw its casinos open for the first time since March due to the coronavirus.

Marina Bay Sands is one of the most profitable casinos in the world, accounting for more than a fifth of revenue and about a third of operating income at the U.S. parent. Las Vegas Sands’ Asian operations, which also include Macau, contributed about 85% of the company’s $13.7 billion in revenue last year, and have helped make Adelson one of the richest men in the U.S.

A spokeswoman for the U.S. Attorney’s Office in Las Vegas said she couldn’t confirm or deny ongoing investigations. The subpoena also requested information on another former casino employee, who people familiar said carried out fund transfers to high rollers.

In a written response, the Singapore casino said any suggestion of inappropriate activity is taken seriously, and it has investigated every assertion of wrongdoing brought to its attention. Marina Bay Sands and its parent company haven’t received any requests from the Department of Justice, according to people familiar with the matter.

Other Probes

Las Vegas Sands has drawn other Justice Department scrutiny in recent years. In 2013, the company paid $47.4 million to end a federal investigation into its acknowledged failure to report suspicious deposits by a high-stakes gambler in Las Vegas. In 2017, it paid $6.96 million to resolve a probe into alleged violations of U.S. law in connection with bribes paid to government officials in China and Macau. Sands admitted it knowingly and willingly failed to ensure the legitimacy of about $5.8 million in payments to a business consultant.

Marina Bay Sands also faces a probe in Singapore by the Casino Regulatory Authority into its money transfer policies. A spokesperson for the agency declined to comment further as the investigation is ongoing, adding it hasn’t received a request from the Department of Justice in connection with Marina Bay Sands.

READ MORE:

Las Vegas Sands to Pay $7 Mln Penalty to Resolve FCPA Charges
Singapore Police Probe Ex-Patron’s Marina Bay Sands Claims
In its emailed response to Bloomberg, the regulator also said it’s “committed to ensuring that the casinos in Singapore, including Marina Bay Sands, remain free from criminal influence or exploitation, and takes a serious view of any allegations of unauthorized money transfers.”

Claims about these transfers surfaced in a lawsuit filed last year by Wang Xi, who sued Marina Bay Sands seeking to recover S$9.1 million ($6.5 million) that he said was sent to other casino patrons in 2015 without his approval. The Singapore Police Force is also investigating Wang’s complaint, Bloomberg News reported last month. The casino has declined to comment on the suit.

The Singapore regulator asked Marina Bay Sands to review its third-party transfer process, one of the people said. Such transfers, when authorized, are legal and used by groups of gamblers to share winnings and losses at different foreign casinos.

Junket Operators

These transfers are sometimes made through so-called junket operators, which provide transportation, hotels and credit to high rollers. In Macau, these operators allow Chinese gamblers to get around strict capital controls by pledging assets on the mainland in exchange for credit at casinos. The junkets are more strictly controlled in Singapore.

Marina Bay’s internal probe found instances of its group employees violating accepted transfer procedures by filling in payment details on pre-signed or photo-copied authorization forms, according to a person familiar with the matter. It also uncovered cases in which original documents were destroyed, the person said.

Thorough Review

Such practices appear to have stopped since April 2018, when the casino -- which has had at least six chief compliance officers in the last decade -- amended its procedures, according to the person familiar.

“When allegations related to the mishandling of ‘letters of authorization’ were made, the company thoroughly reviewed the matter,” a Marina Bay Sands spokesman said in the statement. “The review concluded that no patron funds were transferred in a manner that was contrary to a patron’s intent.”

The company has shared this information with the authorities in Singapore and will cooperate with any governmental requests it may receive, according to the statement.

Singapore requires casinos to implement internal controls and check the authorization of fund transfers, as well as comply with requirements to prevent money laundering and terrorism financing, the regulator said in its written response to Bloomberg.

Crazy Rich

Marina Bay Sands is one of two firms granted licenses to operate casinos on the island. Last year, the Singapore government agreed to extend the licenses held by Genting Singapore Ltd. and Las Vegas Sands to 2030, in exchange for pledges to invest a combined S$9 billion in tourism projects.

With a profit margin ranging from 53% to 56% in the three years ending in 2019, Marina Bay Sands is among the most profitable integrated gaming resorts in the world, according to Bloomberg Intelligence analyst Brian Egger.

Las Vegas Sands hit by pandemic

Since opening in 2010, the casino has became an iconic tourist attraction, and was featured in the “Crazy Rich Asians” film. In addition to the 160,000 square-foot casino, the complex has three 55-story hotel towers topped with a boat-shaped sky deck and pool, as well as a shopping mall and convention center.

Like many casinos around the world, Marina Bay Sands is closed due to the pandemic, slashing revenue for firms like Las Vegas Sands. Macau gaming revenue across all casinos plunged 93% in May from the year earlier, as operators await the opening of borders to spark a recovery after an unprecedented shutdown.

[JohnCM]

Sands China Ltd.

SCL First Quarter 2020 Financial Highlights

The Macao government has announced publicly that total visitation from mainland China to Macao decreased by 14.9% in January 2020 (with an 83.3% decrease in visitation over the first seven days of Chinese New Year), 97.2% in February 2020 and 96.3% in March 2020 as compared to the same periods in 2019. It has also announced that monthly gross gaming revenue decreased by 11.3%, 87.8% and 79.7% in January, February and March 2020, respectively, as compared to the same periods in 2019.

The disruptions arising from the COVID-19 Pandemic had a significant adverse impact on SCL's financial condition and operations during the three months ended March 31, 2020. Net revenues for the three months ended March 31, 2020, totaled $808 million compared to $2.33 billion for the three months ended March 31, 2019, representing a decrease of 65.3%. SCL recorded an operating loss of $133 million and a net loss of $166 million in the first quarter of 2020, as compared to operating income of $624 million and net income of $557 million in the same period in the prior year. Adjusted property EBITDA totaled $67 million in the quarter ended March 31, 2020, as compared to $858 million in the same period in the prior year. As of March 31, 2020, SCL had $814 million of total cash and cash equivalents and $2.0 billion of available borrowing capacity under its revolving unsecured credit facility (the "2018 SCL Revolving Facility").

Current Impact of COVID-19 Pandemic on SCL's Liquidity and Financial Highlights

The Macao government announced publicly that monthly gross gaming revenue and total visitation from mainland China decreased by 96.8% and 99.6%, respectively, in April 2020, as compared to the same period in 2019. SCL net revenues totaled $9 million in April 2020, compared to $700 million in April 2019, representing a decrease of 98.7%. SCL recorded an operating loss of $164 million and a net loss of $180 million in April 2020, as compared to operating income of $166 million and net income of $148 million in the same period in the prior year. Due to the continuing impact of the COVID-19 Pandemic, SCL's financial performance in April 2020 reflects a daily adjusted property EBITDA loss of approximately $3.5 million for an aggregate adjusted property EBITDA loss of approximately $105 million in April 2020, compared to a daily adjusted property EBITDA of approximately $8 million in April 2019 for an aggregate adjusted property EBITDA of approximately $239 million in April 2019. Based on the preliminary information available, net revenues, operating loss, net loss and adjusted property EBITDA loss in May 2020 were not materially different relative to net revenues, operating loss, net loss and adjusted property EBITDA loss, respectively, in April 2020. SCL borrowed an aggregate amount of $404 million under the 2018 SCL Revolving Facility during April and May 2020.

In the current operating environment resulting from the impact of the COVID-19 Pandemic, SCL estimates a monthly run-rate of operating costs of approximately $110 million, development and maintenance capital expenditures of approximately$65 million and approximately $25 million for interest expense. SCL has taken various mitigating measures to manage through the current environment, including a cost reduction program to minimize cash outflow of non-essential items. On April 17, 2020, SCL announced that its Board of Directors resolved not to recommend the payment of a final dividend in respect of the year ended December 31, 2019.

SCL believes it has a strong balance sheet and sufficient liquidity in place to fund its operations for 12 months in the current operating environment. As of May 29, 2020, SCL had total liquidity of $2.41 billion, consisting of $801 million of total cash and cash equivalents and $1.61 billion of available borrowing capacity under the 2018 SCL Revolving Facility. SCL believes it will be able to support its continuing operations, complete the major construction projects that are underway, and respond to the current COVID-19 Pandemic challenges.

The duration and intensity of this global health emergency and related disruptions are uncertain. Given the dynamic nature of these circumstances, the impact on SCL's consolidated results of operations, cash flows and financial condition in 2020 will be material. SCL cannot reasonably estimate the impact at this time. It is unknown when the COVID-19 Pandemic will end, when or how quickly the current travel restrictions will be modified or cease to be necessary and the resulting impact on the willingness of SCL's customers to spend on travel and entertainment.

[JohnCM]

[adtime]

PLAY :)

[JohnCM]

PENN
DKNG
ERI
LVS

[adtime]

Little early ;)

[JohnCM]

Excuse me?

[JohnCM]

[JohnCM]

BUY

This morning

51.38
51.50
51.80
51.85
52.00
52.03

ASK 51.90

[JohnCM]

BUY

This morning

51.38
51.50
51.85

[JohnCM]

Buy at 45.

[JohnCM]

I agree,

#1 WYNN
#2 ELDORADO
#3 PENN

and now LVS

[blue finch]

Not too late to add for run up second half of year

[adtime]

Fail. What a pos

[adtime]

Breakout

[fitzwell11]

Hideous earnings, this thing should be at $20

[fitzwell11]

Anyone shorting on earnings guidance here?

[europtiger]

Lol

[SOHN888]

Filed Bankruptcy

[cougar12]

https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2020-03-20/macau-halves-2020-gaming-revenue-forecast-on-coronavirus-hit

[JJZander]

8k out

[lvhd]

I will be a buyer at $20. GL

[europtiger]

No,but maybe 20$

[lvhd]

LVS $2 nope

[europtiger]

And will be a nice long option in 6 month or so

[europtiger]

Love my puts here

[europtiger]

Why did LVS 2009 go down to below 2 $

Could it happen again... I have pits here since last Monday

[whytestocks]

$LVS short squeeze Las Vegas Sands Corp Nyse Lvs Short Squeeze

[whytestocks]

News: $LVS The Best Dividends in Las Vegas

Las Vegas may not be the first place you think of finding great dividend stocks , but it should be on your short list. Casino giants like MGM Resorts (NYSE: MGM) , Las Vegas Sands (NYSE: LVS) , and Wynn Resorts (NASDAQ: WYNN) are no longer spending billions of dollars each year on new...

Read the whole news LVS - The Best Dividends in Las Vegas

[Andrew23]

This went down to $1.42 in the recession. It went up 37x in 2 years after that. I hope it sees a huge drop in the next recession so I can buy, hold for 2 years and then retire.

I doubt it will go down 99% like last time, but you never know.

[Soco54]

Hedge Funds Are Selling Las Vegas Sands Corp.

https://finance.yahoo.com/news/hedge-funds-selling-las-vegas-175337949.html

[harry crumb]

Congrats to those who shorted near 80, hopefully all of you covered at 50 area, we did. $$$$$

[harry crumb]

The depression of 2018 has arrived in full swing! Staying short here till $2.50!, again. Wwweeeeee

[harry crumb]

Told everyone to short this at 80 area, we did! Cha ching! $$$$, check the charts out. Bearish an more bearish

[Jumpinjackas]

Harry, what timeline are you looking at to short it? It feels like it's getting closer, i think the tax cuts extended the timeline. I'm thinking the downturn will be in 2nd half of 2019 - 2020. It feels like a catalyst,( st loans, home mortgages again, car loans, rising rates) will show up soon. Right now there is still a shortage in workers and I'm not what changes it. What are your thoughts?

[kipster210]

I remember those great days....four days in a row Jim Cramer bad mouth this stock. On day 4, I looked the stock up and was surprised it was selling for $1.64 a share. I bought 30,000 shares over the next few days between $1.64 - $2.24. A few days later, Sheldon bought a massive amount of shares and the stock started climbing. I still own most of those shares. Ty Jim

[harry crumb]

Who has shares left at 6.00 area yet? Made bank here. I remember back a few yrs when u could of bought lvs for under 3.00$ wow! $$$$$

[TaperT2]

Just in thought , i recall buyn this back in 2009 after market crash $2.00 share and sold at $22 shortly and to see were she at today would have never thought , Trump affect ? Without any DD wonder if they pay any divvy

[$UPERMAN]

Nothing like a $20.00 move up in one year

[$UPERMAN]

Gap Closed! Whats she gonna do?