MarketThoughts.com Home Page
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups  StatisticsStatistics   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

Macau Big Winners: Sands (LVS) vs. Wynn Resorts (WYNN)

 
Post new topic   Reply to topic    MarketThoughts.com Forum Index -> The China Board
View previous topic :: View next topic  
Author Macau Big Winners: Sands (LVS) vs. Wynn Resorts (WYNN)
CanadianDaniel
Newbie
Newbie


Joined: 25 Aug 2006
Posts: 9
Location: Toronto

PostPosted: Tue Sep 05, 2006 3:08 am    Post subject: Macau Big Winners: Sands (LVS) vs. Wynn Resorts (WYNN) Reply with quote

Because of the rich potential of Macau as the world's foremost gambling destination, investors in Macau's first Vegas-style casino Sands are not stressing about this September's launch of the competitive Wynn Resorts casino. To the contrary, most analysts think that heavy demand for Macau gambling will spill over and benefit Sands and local Macao casinos.

Wynn is launching a 600-room hotel. However, many Macau high-rollers fly in and out for time-limited visits and in any event do not restrict themselves to one casino when other exciting gambling entertainment, dining and shopping experiences are available.

Sands Macao, the first western-operated casino in Asia, has completed the expansion of its casino floor. The total casino area now measures over 229,000 square feet, and the 740 tables now on the casino floor position the Sands Macao as the largest casino in the world. The expansion allows the Sands Macao to accommodate an additional 273 gaming tables -- a 58% increase -- and 365 slot machines. The total area of casino space now houses an unprecedented 740 table games and 1,254 slot machines -- all designed specifically for the Asian market.

Sands' stock (LVS on NYSE) is currently $69, 16% off its 52-week high of $79.80. On the other hand, Wynn (WYNN on Nasdaq) is $77, 4% off its high of $80.19. Given the spill-over demand that Wynn will create for Sands on Macau, Sands appears to me to be a superior investment.
_________________
Well-done is better than well-said
http://internationaltrade.suite101.com/articles.cfm
Back to top
View user's profile Send private message Visit poster's website
Post new topic   Reply to topic    MarketThoughts.com Forum Index -> The China Board
Author Macau Big Winners: Sands (LVS) vs. Wynn Resorts (WYNN) Replies
HenryTo
Site Admin
Site Admin


Joined: 06 Aug 2004
Posts: 11740
Location: Los Angeles, California

PostPosted: Fri Feb 11, 2011 6:33 pm    Post subject: Reply with quote

Morningstar on the latest with Wynn Resorts:

Quote:
We are placing Wynn Resorts WYNN under review as we test the sensitivity of our operating assumptions. Full-year sales came in ahead of our projections and rose 37% year over year to $4.2 billion, led by double-digit gains in Macau. As widely expected, the firm was able to leverage its fixed cost base to drive meaningful EBITDA margin gains over the course of the year. However, the magnitude of the operating increase was particularly impressive, 700 basis points year over year to 14.9% (double the 2009 level). Given stabilization in the Las Vegas market and, more important, better-than-expected growth trends in the Macau gaming business, the firm continues to track ahead of our long-term forecasts. We plan to further evaluate Wynn's ability to gain market share an d the potential growth in the Macau region, in particular, while we consider this expanding yet competitive operating environment. Additionally, we plan to further analyze the firm's unit growth and margin potential across its properties, which is a key driver of our valuation.
Back to top
View user's profile Send private message Send e-mail Visit poster's website
rffrydr
Moderator
Moderator


Joined: 30 Oct 2005
Posts: 16939
Location: Sunny California

PostPosted: Mon Nov 23, 2009 6:42 am    Post subject: Reply with quote

Sands offering luke warm:

http://www.marketwatch.com/story/sands-china-ipo-prices-at-bottom-of-range-2009-11-22?siteid=rss&rss=1
_________________
Today is the Tomorrow you worried about Yesterday!
Back to top
View user's profile Send private message
rffrydr
Moderator
Moderator


Joined: 30 Oct 2005
Posts: 16939
Location: Sunny California

PostPosted: Tue Jul 21, 2009 12:05 am    Post subject: Reply with quote

Macao

Published: July 20 2009 09:26 | Last updated: July 20 2009 20:31

A little-noticed filing said it all. Hong Kong-listed Macau Success, a HK$1bn regional tour operator once known as Travel Success, is changing its name again. Call it Success Universe Group, please. Association with the world’s biggest gambling hub used to confer glamour. Today’s connotations – profligacy, over-stretch – are less desirable. Casino revenues in Macao, down 12 per cent in the first half, are heading for their first year-on-year decline. VIP baccarat, responsible for about two-thirds of takings, was down almost a fifth.

Against tough comparables – mainland China’s visa clampdown began last June – and a weak global backdrop, that may not seem disastrous. Annualised, those revenues would still top 2007. But concessionaires have bloated cost bases. City of Dreams, Melco Crown Entertainment’s rival to Las Vegas Sands’ Venetian on the Cotai strip, just bumped up table numbers by about 14 per cent, with more capacity expected by year-end. Indebted casino operators, many with covenants tied to earnings, resort to freebies and rebates to protect market share. City of Dreams’ average daily mass-market takings in its first month were slightly more than a third of the Venetian’s daily haul in the first quarter.

A sharp second-half recovery in traffic seems unlikely. Of the 7m Chinese who visited Macao on individual visit visas last year, about four-fifths came from export-led Guangdong, one of China’s hardest-hit provinces. And with Macanese unemployment contained by the surge in capacity, Beijing is unlikely to relax visa restrictions designed to limit visits from the mainland soon. At the margin, two new casinos in Singapore and one in Manila won’t help. Four of the big six operators should make a loss this year. Who said the house always wins?

_________________
Today is the Tomorrow you worried about Yesterday!
Back to top
View user's profile Send private message
rffrydr
Moderator
Moderator


Joined: 30 Oct 2005
Posts: 16939
Location: Sunny California

PostPosted: Tue Dec 23, 2008 3:04 pm    Post subject: Reply with quote

What's that? Sands fires 500 in Macau:


http://online.wsj.com/article/SB123003234995429799.html?mod=googlenews_wsj
_________________
Today is the Tomorrow you worried about Yesterday!
Back to top
View user's profile Send private message
rffrydr
Moderator
Moderator


Joined: 30 Oct 2005
Posts: 16939
Location: Sunny California

PostPosted: Wed Jul 30, 2008 7:12 pm    Post subject: Reply with quote

And the follow-up on a "sure bet"

http://www.bloomberg.com/apps/news?pid=20601110&sid=aU3H2eXMkYDs
_________________
Today is the Tomorrow you worried about Yesterday!
Back to top
View user's profile Send private message
rffrydr
Moderator
Moderator


Joined: 30 Oct 2005
Posts: 16939
Location: Sunny California

PostPosted: Wed Feb 13, 2008 3:00 pm    Post subject: Reply with quote

Some more tumbling:
Quote:

Like Fuller, KeyBanc Capital Markets' Dennis Forst said Wynn may face a double barrel of issues with pressures on Las Vegas and Macau.

"While we are thoroughly impressed with 2007 results, we remain wary of the domestic economic environment and issues regarding governmental restrictions and competition in Macau," he wrote in a note.

Forst reiterated a "Hold" rating.


http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=AP&date=20080213&id=8186825
_________________
Today is the Tomorrow you worried about Yesterday!
Back to top
View user's profile Send private message
HenryTo
Site Admin
Site Admin


Joined: 06 Aug 2004
Posts: 11740
Location: Los Angeles, California

PostPosted: Thu Nov 01, 2007 5:06 pm    Post subject: Reply with quote

Las Vegas Sands tumbles 16% in after-hours trading:

http://www.bloomberg.com/apps/news?pid=20601087&sid=a_Iss52Tw3cI&refer=home
Back to top
View user's profile Send private message Send e-mail Visit poster's website
rffrydr
Moderator
Moderator


Joined: 30 Oct 2005
Posts: 16939
Location: Sunny California

PostPosted: Thu Nov 01, 2007 6:31 am    Post subject: Reply with quote

Sands coming off the boil:

http://www.forbes.com/2007/10/31/las-vegas-closer-markets-equity-cx-er_ra_1031markets51.html?partner=yahootix
_________________
Today is the Tomorrow you worried about Yesterday!
Back to top
View user's profile Send private message
rffrydr
Moderator
Moderator


Joined: 30 Oct 2005
Posts: 16939
Location: Sunny California

PostPosted: Thu Oct 11, 2007 10:13 pm    Post subject: Reply with quote

Filled gap and...

http://stockcharts.com/h-sc/ui?s=WYNN&p=DAILY&b=5&g=0&id=p37443061964
_________________
Today is the Tomorrow you worried about Yesterday!
Back to top
View user's profile Send private message
HenryTo
Site Admin
Site Admin


Joined: 06 Aug 2004
Posts: 11740
Location: Los Angeles, California

PostPosted: Sat Oct 06, 2007 2:17 am    Post subject: Reply with quote

Shares plunged anyway, as year-over-year gambling revenue did not meet expectations:

http://www.iht.com/articles/ap/2007/10/04/business/NA-FIN-US-Casino-Shares-Macau.php
Back to top
View user's profile Send private message Send e-mail Visit poster's website
rffrydr
Moderator
Moderator


Joined: 30 Oct 2005
Posts: 16939
Location: Sunny California

PostPosted: Fri Sep 07, 2007 5:11 am    Post subject: Reply with quote

Wynn's Macao tables more turnover than total Wynn Las Vegas hotel.
_________________
Today is the Tomorrow you worried about Yesterday!
Back to top
View user's profile Send private message
HenryTo
Site Admin
Site Admin


Joined: 06 Aug 2004
Posts: 11740
Location: Los Angeles, California

PostPosted: Thu Sep 06, 2007 3:30 am    Post subject: Reply with quote

Las Vegas Sands' Venetian Macau - which opened on August 28th - drew 170,000 visitors the past weekend, and over 500,000 visitors in its first week of operations:

http://www.bloomberg.com/apps/news?pid=20601205&sid=aiYQrbOlDiC0&refer=consumer
Back to top
View user's profile Send private message Send e-mail Visit poster's website

Please log in to view without the ad banners
Display posts from previous:   
Post new topic   Reply to topic    MarketThoughts.com Forum Index -> The China Board All times are GMT - 6 Hours
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


|Skoda Yeti| Powered by phpBB