Skip to Content

Las Vegas Sands Corp LVS

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Las Vegas Sands' Iconic Founder and CEO, Sheldon Adelson, Passes Away

Dan Wasiolek Senior Equity Analyst

Analyst Note

| Dan Wasiolek |

On Jan. 11 Sheldon Adelson, casino legend and founder of narrow-moat Las Vegas Sands, lost his battle with non-Hodgkin’s lymphoma at the age of 87. Adelson had an iconic history in the gaming industry, which started with his purchase of Sands Hotel in Las Vegas in 1988. Adelson is credited with developing the Cotai Strip in Macao into the Las Vegas of Asia, starting with the opening of Sands Macao in 2004 and followed by four other resorts, leading to the company commanding around 45% share of the Macao hotel room supply and around 50% and 80% of the region's nongaming revenue and convention center capacity, respectively.

Read Full Analysis

Company Profile

Business Description

Las Vegas Sands is the world's largest operator of fully integrated resorts, featuring casino, hotel, entertainment, food and beverage, retail, and convention center operations. The company owns the Venetian Macao, Sands Macao, Sands Cotai Central Londoner, Four Seasons Hotel Macao, and Parisian in Macao, the Marina Bay Sands resort in Singapore, and the Venetian and Palazzo Las Vegas in the U.S. We expect Sands to open a fourth tower in Singapore in mid-2023. The company generates about 90% of its EBITDA from Asia, and its casino operations generate around 70% of sales.

Contact
3355 Las Vegas Boulevard South
Las Vegas, NV, 89109
T +1 702 414-1000
Sector Consumer Cyclical
Industry Resorts & Casinos
Most Recent Earnings Sep 30, 2020
Fiscal Year End Dec 31, 2019
Stock Type Cyclical
Employees 50,000

Related