Las Vegas Sands Popped: What You Need to Know

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Casino operator Las Vegas Sands (NYSE: LVS  ) saw its shares pop as high as 12% in intraday trading, after posting better-than-expected quarterly results.

So what: Fueled largely by healthy Macau gambling growth and its new casino in Singapore, Las Vegas Sands posted a third-quarter profit of $265 million (excluding one-time items) on a record $1.91 billion in revenue. Even more surprisingly, however, even Las Vegas revenues managed to spike. Naturally, these results bode well for MGM International (NYSE: MGM  ) , Wynn Resorts (NYSE: WYNN  ) , and Melco Crown (Nasdaq: MPEL  ) , which all report next week.

Now what: Billionaire CEO Sheldon Adelson said that Las Vegas Sands' business has "never been healthier," so who am I to argue? Earlier this month, I tapped Las Vegas Sands as a particularly tasty casino bet for its massive exposure to Macau. But with the company's Las Vegas business (still about 15% of revenue) beginning to rebound, and its Asian casinos doing much better than expected, Las Vegas Sands might even be a better gamble than I thought.

Interested in more info on Las Vegas? Add it to your watchlist.

Fool contributor Brian Pacampara owns no position in any of the companies mentioned. Melco Crown is a Motley Fool Global Gains selection. Try any of our Foolish newsletter services free for 30 days.

True to its name, The Motley Fool is made up of a motley assortment of writers and analysts, each with a unique perspective; sometimes we agree, sometimes we disagree, but we all believe in the power of learning from each other through our Foolish community. The Fool's disclosure policy always gets a perfect score.


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Related Tickers

4/17/2014 4:00 PM
LVS $76.46 Up +0.07 +0.09%
Las Vegas Sands Co… CAPS Rating: ***
MGM $23.96 Down -0.26 -1.07%
MGM Resorts Intern… CAPS Rating: ***
MPEL $37.18 Up +1.50 +4.20%
Melco Crown Entert… CAPS Rating: ****

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