Las Vegas Sands (LVS)
To start, Sands China (SCHYY), the company’s 70%-owned Macau subsidiary, reported third-quarter earnings that were out of this world. Revenue improved 43% to $2.3 billion and EBITDA rose 62% to $785.3 million, well ahead of analyst estimates.
And with 9,200 rooms available in Macau, the company holds a huge advantage in this hotly contested gaming market. It controls 40% of the four- and five-star hotels in the region. No wonder Union Gaming Group analyst Grant Govertsen told Bloomberg:
“Sands has been very strong, especially on the mass-market segment … The company has the biggest footprint in non-gaming entertainment which helps to draw a lot of family holiday-makers.”
Quite simply, it’s in the right place at the right time. If you’re betting on casino stocks, LVS has to be on your short list.