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Las Vegas Sands Corp. (LVS)

NYSE - Nasdaq Real Time Price. Currency in USD
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33.46+0.20 (+0.60%)
At close: 04:00PM EDT
33.99 +0.53 (+1.58%)
After hours: 04:47PM EDT
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  • S
    Skippy00823
    It may be soon when the New York State Gaming Commission awards 3 casino licenses for downstate NY. Originally the New York State constitution had allowed casinos to be licensed no earlier than 2023. However the NYS legislature recently voted to accelerate that date to this year. The governor recently signed that legislation last month. There are currently casinos in NYS but only up state NY which are run by various Indian tribes. As I posted a number of months ago, 6-7 companies have applied for one if these down state casino licenses. And the stakes could not be higher. Right now MGM and Resorts World operate racinos (horse race tracks that permit online gambling). Right now there are two rasinos located down state: MGM's Yonkers race rrack in Yonkers, NY just north of NYC and the Aqueduct race track in southern Queens, NYC. Most likely these two applicants will receive a casino license. So that leaves only one casino license left. And the competition for that remaining license will be huge. That leaves LVS, WYNN, BALY, Hard Rock Hotel, and a few others in competition for the last license. A decision may be rendered soon.
  • S
    Skippy00823
    All of travel and leisure stocks especially the casinos are oversold. There could be some more downward pressure on them but the bottom is near. That said I'm not a fan of LVS or even WYNN. CZR is my top pick as of now; but I'm not ready to pull the trigger. Lol.
  • S
    Stanley
    Who's going to gamble when food and gas are eating up a good some of their monthly income? This is going to get way worse.
  • S
    Skippy00823
    Hi Jimmy. Good news. The Palms (Seminole Nation) is now open. And this casino has the only "lobster buffet" in Vegas. Lol.
  • S
    Skippy00823
    Hi Eddie. Skippy is still looking for any lockdowns here in the USA. He hasn't seen any. But there are plenty of them in China. Maybe the Chinese should have used a better vaccine.
  • D
    Danny
    Lvs is going back to 35
  • S
    Skippy00823
    Hi Jimmy. How's your CZR investment doing? And what about MGM? Just wondering Jimmy. Lol.
  • M
    Mauro Torres
    Selling their Las Vegas properties was a horrible idea.
  • S
    Skippy00823
    It's unbelievable as to what the Chinese government is doing in Shanghai to prevent the spread of Covid. It could have saved itself a lot of money and reduced social unrest by buying the Pfizer or Moderna vaccine. This does not bode well for LVS's gaming operations in Macau. Well, at least LVS still has Singapore. Lol.
  • S
    Skippy00823
    CEO of United Airlines, Kirby, said today that international travel is getting a lot stronger. That should be good news for Singapore.
  • S
    Skippy00823
    Tony, what is going on with LVS today? You told me it was going down. If we have any more days like today, the price of LVS will be above 40. Lol. Hi Paula.
  • J
    JT_kirk20
    The Company is actively monitoring developments with respect to the Gaming Law amendment and concession renewal process and continues to believe it will be successful in extending the term of its subconcession and/or obtaining a new gaming concession when its current subconcession expires; however, it is possible the Macao government could further change or interpret the associated gaming laws in a manner that could negatively impact the Company.
    Under the Company’s Sands China Ltd. (“SCL”) senior notes indentures, upon the occurrence of any event resulting from any change in the Gaming Law (as defined in the indentures) or any action by the gaming authority after which none of SCL or any of its subsidiaries own or manage casino or gaming areas or operate casino games of fortune and chance in Macao in substantially the same manner as they were owning or managing casino or gaming areas or operating casino games as at the issue date of the senior notes, for a period of 30 consecutive days or more, and such event has a material adverse effect on the financial condition, business, properties or results of operations of SCL and its subsidiaries, taken as a whole, each holder of the SCL senior notes would have the right to require the Company to repurchase all or any part of such holder’s SCL senior notes at par, plus any accrued and unpaid interest (the “Investor Put Option”).
    Additionally, under the 2018 SCL Credit Facility, the events that trigger an Investor Put Option under the SCL senior notes (as described above) would be an event of default, which may result in commitments being immediately

    https://www.sec.gov/ix?doc=/Archives/edgar/data/1300514/000130051422000048/lvs-20220331.htm
  • C
    Crazy Bike Dude
    Cosmo now officially an MGM property and ready to integrate BetMGM. Could become the official resort of the Las Vegas Metros! BetMGM going to $125 plus!
  • s
    sam
    I have been in and out of LVS as a trade.
    Made a few cents and took profits as soon as I can.

    Too many unknowns.

    Now, once again, stock price is low enough to buy for a trade.

    LVS is a long term investment.

    But it is not a passive hold for sure.
  • V
    Vanessa
    Can’t believe this site just gave me a 43% winner. (http://market-engross.club)
  • S
    Skippy00823
    A lot of people have taken a shellacking with their investments in the casino sector. And could that be Jimmy? Maybe that's why he has been so grumpy. After all; he did say a few months ago he was leaving this MB for CZR's MB. And yet he's still here. Lol.
  • j
    jack
    Double miss
  • B
    Butter
    Question: If the stock misses earnings tomorrow and drops below its 52 week low are you going to buy?
  • S
    Skippy00823
    Hong Kong officials recently announced reduced Covid restrictions for residents. This is good news for Macau in general and LVS in particular since many visitors to Macau come from Hong Kong . All the best to those who are long LVS. And that does not include you, winorlose. Lol.
  • C
    Chucky
    will be green tomorrow...good conference call Macau discussing lifting travel visa restrictions from Hong Kong