{"id":113937,"date":"2019-09-03T11:15:11","date_gmt":"2019-09-03T18:15:11","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=113937"},"modified":"2019-09-03T12:52:14","modified_gmt":"2019-09-03T19:52:14","slug":"las-vegas-sands-remains-solid-for-the-long-term-says-an-analyst","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/las-vegas-sands-remains-solid-for-the-long-term-says-an-analyst\/","title":{"rendered":"Las Vegas Sands Still Liked by Stifel Amid Macau Hurdles, Analyst Sees Nothing ‘Tempering Long-Term Enthusiasm’"},"content":{"rendered":"

Shares of Las Vegas Sands (NYSE:LVS) are lower by 2.23 percent on midday trading Tuesday, extending a dismal run that saw the stock shed about six percent of its value in August amid concerns of a revenue slump in Macau.<\/p>\n

\"\"
LVS is being hindered by Macau. But an analyst sees no reason not to love the stock. (Image: PRNewswire)<\/figcaption><\/figure>\n

Those concerns were validated Monday,<\/a> when Macau’s Gaming Inspection and Coordination Bureau (DICJ) said August gross gaming revenue (GGR) on the peninsula slumped to $3.01 billion from $3.28 billion a year earlier, marking the Special Administrative Region’s (SAR) third-worst monthly performance of 2019.<\/p>\n

A confluence of factors plagued Macau gaming activity last month, notably a substantial decline in VIP revenue. But Stifel analyst Steven Wieczynski remains bullish on LVS. Heightened trade tensions between the US and China and the controversy surrounding junket operator Suncity<\/a> were among the reasons why Macau VIP turnover slipped 20 percent to 30 percent last month, according to Wieczynski. However, the analyst is enthusiastic about Sands’ positioning among mass market gamblers.<\/p>\n

Given our expectation for continued outsized growth within Macau\u2019s mass market gaming segment, we continue to favor exposure to Macau\u2019s most dominant mass market player, LVS,\u201d said the Stifel analyst in a note provided to Casino.org.<\/i><\/p><\/blockquote>\n

Last month, mass market revenue on the peninsula likely grew at a mid-single-digit rate.<\/p>\n

Loving LVS<\/h2>\n

LVS shares are up 6.57 percent year-to-date, but that’s a far cry from the nearly 21 percent returned by the S&P 500 Consumer Discretionary Index. Gaming companies reside in the consumer cyclical sector. The company owns five Macau casinos<\/a>.<\/p>\n

Due to their heavy dependence on the Chinese territory, shares of companies such as Las Vegas Sands and Wynn Resorts (NASDAQ:WYNN) are intimately correlated to economic data<\/a> out of the world’s second-largest economy.<\/p>\n

\n

The US\/China trade war is driving near-term volatility in gaming companies with Macau operations. On Monday, the US unleashed 15 percent tariffs on $112 billion worth of Chinese imports, with Beijing returning the favor with a promise to levy $75 billion of American imports. Even with the added turbulence, Wieczynski likes LVS stock.<\/span><\/p>\n<\/div>\n

\u201cAlthough we expect lingering Chinese macroeconomic uncertainty to elevate trading volatility in the near-term, we see nothing out there at this point capable of tempering our long-term enthusiasm on the name,\u201d said the Stifel analyst.<\/p>\n

Importantly for long-term investors, Wieczynski sees little standing in the way of LVS rewarding shareholders via share buybacks and dividend growth<\/a>. The stock currently yields 5.55 percent, more than triple the yield on 10-year Treasuries.<\/strong><\/p>\n

Big Scale, Strong Balance Sheet<\/h2>\n

Sands is one of the dominant operators in Asia via its Macau properties and the Marina Bay Sands in Singapore, positioning the company is looking to enhance by landing one of Japan’s prized integrated resort licenses<\/a>. That regional scale and the company’s strong balance sheet are catalysts for the stock, notes Wieczynski.<\/p>\n

\u201cWe believe LVS\u2019 unrivaled scale and investments for the future position its Macau business to remain a leader in the world\u2019s premiere gaming market for the foreseeable future,\u201d said the analyst. \u201cAdditionally, the company\u2019s impeccable balance sheet not only adds a level of safety and security to the story, but also favorably positions the company to successfully pursue any global integrated resort development opportunities of size that come along in the future, in our view<\/strong>.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Las Vegas Sands (NYSE:LVS) are lower by 2.23 percent on midday trading Tuesday, extending a dismal run that saw the stock shed about six percent of its value in August amid concerns of a revenue slump in Macau. Those concerns were validated Monday, when Macau’s Gaming Inspection and Coordination Bureau (DICJ) said August […]<\/p>\n","protected":false},"author":46,"featured_media":113945,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\nLas Vegas Sands Remains Solid For The Long-Term, Says an Analyst<\/title>\n<meta name=\"description\" content=\"Las Vegas Sands stocks has been plagued by Macau softness, but at least one analyst remains excited about the stock's long-term potential.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Las Vegas Sands Remains Solid For The Long-Term, Says an Analyst\" \/>\n<meta property=\"og:description\" content=\"Las Vegas Sands stocks has been plagued by Macau softness, but at least one analyst remains excited about the stock's long-term potential.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/las-vegas-sands-remains-solid-for-the-long-term-says-an-analyst\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-03T18:15:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-09-03T19:52:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/09\/parisian.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2700\" \/>\n\t<meta property=\"og:image:height\" content=\"1750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-remains-solid-for-the-long-term-says-an-analyst\/\",\"url\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-remains-solid-for-the-long-term-says-an-analyst\/\",\"name\":\"Las Vegas Sands Remains Solid For The Long-Term, Says an Analyst\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-remains-solid-for-the-long-term-says-an-analyst\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-remains-solid-for-the-long-term-says-an-analyst\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/09\/parisian.jpg\",\"datePublished\":\"2019-09-03T18:15:11+00:00\",\"dateModified\":\"2019-09-03T19:52:14+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Las Vegas Sands stocks has been plagued by Macau softness, but at least one analyst remains excited about the stock's long-term potential.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-remains-solid-for-the-long-term-says-an-analyst\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/las-vegas-sands-remains-solid-for-the-long-term-says-an-analyst\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-remains-solid-for-the-long-term-says-an-analyst\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/09\/parisian.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/09\/parisian.jpg\",\"width\":2700,\"height\":1750,\"caption\":\"LVS is being hindered by Macau, but an analyst sees no reason not to love the stock. (Image: PRNewswire)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-remains-solid-for-the-long-term-says-an-analyst\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Financial\",\"item\":\"https:\/\/www.casino.org\/news\/financial\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Las Vegas Sands Still Liked by Stifel Amid Macau Hurdles, Analyst Sees Nothing ‘Tempering Long-Term Enthusiasm’\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Las Vegas Sands Remains Solid For The Long-Term, Says an Analyst","description":"Las Vegas Sands stocks has been plagued by Macau softness, but at least one analyst remains excited about the stock's long-term potential.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Las Vegas Sands Remains Solid For The Long-Term, Says an Analyst","og_description":"Las Vegas Sands stocks has been plagued by Macau softness, but at least one analyst remains excited about the stock's long-term potential.","og_url":"https:\/\/www.casino.org\/news\/las-vegas-sands-remains-solid-for-the-long-term-says-an-analyst\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2019-09-03T18:15:11+00:00","article_modified_time":"2019-09-03T19:52:14+00:00","og_image":[{"width":2700,"height":1750,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/09\/parisian.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/las-vegas-sands-remains-solid-for-the-long-term-says-an-analyst\/","url":"https:\/\/www.casino.org\/news\/las-vegas-sands-remains-solid-for-the-long-term-says-an-analyst\/","name":"Las Vegas Sands Remains Solid For The Long-Term, Says an Analyst","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/las-vegas-sands-remains-solid-for-the-long-term-says-an-analyst\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/las-vegas-sands-remains-solid-for-the-long-term-says-an-analyst\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/09\/parisian.jpg","datePublished":"2019-09-03T18:15:11+00:00","dateModified":"2019-09-03T19:52:14+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"Las Vegas Sands stocks has been plagued by Macau softness, but at least one analyst remains excited about the stock's long-term potential.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/las-vegas-sands-remains-solid-for-the-long-term-says-an-analyst\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/las-vegas-sands-remains-solid-for-the-long-term-says-an-analyst\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/las-vegas-sands-remains-solid-for-the-long-term-says-an-analyst\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/09\/parisian.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/09\/parisian.jpg","width":2700,"height":1750,"caption":"LVS is being hindered by Macau, but an analyst sees no reason not to love the stock. (Image: PRNewswire)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/las-vegas-sands-remains-solid-for-the-long-term-says-an-analyst\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Financial","item":"https:\/\/www.casino.org\/news\/financial\/"},{"@type":"ListItem","position":3,"name":"Las Vegas Sands Still Liked by Stifel Amid Macau Hurdles, Analyst Sees Nothing ‘Tempering Long-Term Enthusiasm’"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.","sameAs":["https:\/\/muckrack.com\/todd-shriber","https:\/\/www.linkedin.com\/in\/toddshriber\/","https:\/\/x.com\/etfgodfather"],"url":"https:\/\/www.casino.org\/news\/author\/todd-shriber\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/113937"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=113937"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/113937\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/113945"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=113937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=113937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=113937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}