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Michael Boone John Tabler

Michael Boone John Tabler. Business Model. L eading global developer of destination properties Operations in United States and Asia, Las Vegas, Singapore, Macao Resorts, casinos, restaurants, exposition c enters, shopping m alls . Economic Moat.

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Michael Boone John Tabler

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  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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