Previous Close | 3.2260 |
Open | 3.3420 |
Bid | N/A x N/A |
Ask | N/A x N/A |
Day's Range | 3.3420 - 3.3800 |
52 Week Range | 1.6900 - 3.8600 |
Volume | |
Avg. Volume | 773 |
Market Cap | 27.355B |
Beta (5Y Monthly) | 1.03 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -0.1900 |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | Feb 04, 2020 |
1y Target Est | N/A |
Casino revenues in Macau, the world's biggest gambling hub, surged 366% from a year ago to total 15.6 billion patacas ($1.93 billion) in May, the highest since January 2020, when the COVID-19 pandemic had still to fully grip China. The monthly take was bolstered by a five-day national holiday that saw hundreds of thousands of visitors flock to the special Chinese administrative region, which is the only place in China where citizens can legally gamble in casinos. China lifted strict COVID-19 restrictions in January, allowing visitors to swarm into Macau for the first time in more than three years.
With its Singapore resort humming along nicely and Macao back open for business, Las Vegas Sands (NYSE: LVS) is focused on recovery and a bright future. In the first quarter of 2023, Las Vegas Sands' revenue rose 125% year over year to $2.1 billion. Its Marina Bay Sands property in Singapore led the way, generating revenue of $848 million.
Q1 2023 Las Vegas Sands Corp Earnings Call
Asian stocks are on track for a third weekly decline, their worst run since October, but two corporate earnings reports from China on Friday could give investors an idea about the scale of the recovery in the region's largest economy this year. The conventional wisdom holds that a resurgent China will be inflationary for the global economy as demand for energy, commodities and resources increases. Lenovo Group, the world's largest maker of personal computers, and gaming firm Sands China release their latest results on Friday, with investors keen to hear positive guidance now that the country is opening up from its zero-COVID lockdown.
Asian stocks are on track for a third weekly decline, their worst run since October, but two corporate earnings reports from China on Friday could give investors an idea about the scale of the recovery in the region's largest economy this year. The conventional wisdom holds that a resurgent China will be inflationary for the global economy as demand for energy, commodities and resources increases. Lenovo Group, the world's largest maker of personal computers, and gaming firm Sands China release their latest results on Friday, with investors keen to hear positive guidance now that the country is opening up from its zero-COVID lockdown.
Joining the call today are Rob Goldstein, our chairman and CEO; Patrick Dumont, our president and COO; Dr. Wilfred Wong, president of Sands China; and Grant Chum, EVP of Asia operations and COO of Sands China. Today's conference call will contain forward-looking statements that we are making under the safe harbor provision of federal securities laws.