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Leading Global Developer of Destination Properties: Las Vegas Sands Overview

Explore the business model of Las Vegas Sands, a premier developer of destination properties, including resorts, casinos, and entertainment venues. With operations in the United States and Asia, particularly Las Vegas, Singapore, and Macao—the world's largest gaming market—LVS is known for its prestigious Five Diamond-rated casinos. CEO Sheldon Adelson leads a company with a significant economic moat, thriving within the growing gaming industry and encapsulating opportunities amidst challenges. Current stock price: $59.02.

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Leading Global Developer of Destination Properties: Las Vegas Sands Overview

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Presentation Transcript

  1. Michael Boone John Tabler

  2. Business Model • Leading global developer of destination properties • Operations in United States and Asia, Las Vegas, Singapore, Macao • Resorts, casinos, restaurants, exposition centers, shopping malls

  3. Economic Moat • Highly regarded resorts/casinos in the United States (5 Diamond Rating) • Macao is the largest gaming market in the world, and only destination in China where gambling is legal • LVS holds 1 of 2 gaming licenses in Singapore • LVS holds 1 of 6 gaming licenses in China

  4. Strengths/Weaknesses

  5. Opportunities/Threats

  6. Profitability by Comparison

  7. Valuation Current price: $59.02

  8. Management • CEO- Sheldon Adelson • Voice of minority shareholders • Lack of executive experience

  9. Why We Should Buy • Wide economic moat • Growing gaming industry • High population densities • Future expected growth

  10. Sources • Bloomberg • Morningstar • Yahoo! Finance • Valueline • Seekingalpha • 10-K • LasVegasSands.com • Reuters

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