Las Vegas Sands – Highlighting Some Excellent Work - Notes From Howard Jay Klein And IAG

This piece was originally posted on November 16th, 2023.

Today there were two pieces of excellent work out on Las Vegas Sands LVS worth highlighting.

First, Howard Jay Klein, a member of the DKI Board of Advisors and the author of The House Edge, published an excellent and detailed article addressing the opportunity and risks in the stock and concludes with a price target of $70.

Second, when competitor, Wynn Resorts WYNN announced 3Q earnings, the stock fell due to disappointment regarding performance at one of its Macau casinos. Inside Asian Gaming put out a great video last night detailing market share gains and losses in the Macau market. It shows that while $WYNN lost share, $LVS’ share of total casino win in the world’s largest gaming market rose from 23.2% in the third quarter of 2019 to 26.9% last quarter. In addition, $LVS’ share of adjusted property EBITDA grew from 33.6% to 34.9% in the same time-frame.

Perceptions of $WYNN’s disappointing quarter did not affect results at $LVS.

IR@DeepKnowledgeInvesting.com if you have any questions.

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