Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Las Vegas Sands Corp.    LVS

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Las Vegas Sands Corp. : Singapore Renews Marina Bay Sands Casino License

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/19/2013 | 02:26pm CET
   By Chun Han Wong 
 

SINGAPORE--Singapore's casino regulator said Friday that it has renewed the casino license for Las Vegas Sands Corp.'s (LVS) Marina Bay Sands resort in the city-state.

The renewal is for three years with effect from April 26 and follows an assessment by the authority that the casino conforms with its rules, the Casino Regulatory Authority said in a statement.

The CRA said it considered MBS's compliance record among other factors and has imposed additional requirements on the casino resort for the duration of the new license. It didn't elaborate on those requirements.

The renewal also comes as Las Vegas Sands faces two lawsuits that seek cuts of the hefty profits the U.S. casino company has earned in the Chinese gambling enclave of Macau. In each suit, the plaintiff claims that Sands reneged on agreements it made while seeking a Macau casino license in 2001.

The Singapore regulator said it is "aware of the investigations by U.S. authorities into the allegations and have kept in contact with our U.S. counterparts to closely monitor these matters." The CRA has reminded MBS "that it is an ongoing requirement for its associates to remain suitable."

MBS, one of Singapore's two casinos that opened in early 2010, has been fined on several occasions by the regulator for breaking the city-state's tough casino laws. The violations included failures to enforce strict entry conditions imposed upon Singaporean citizens and permanent residents.

Singapore law requires citizens and permanent residents to pay an entry fee of 100 Singapore dollars (US$80) to visit the casinos.

Singaporean authorities also bar minors, bankrupts and criminals from entering casinos and allow individuals to voluntarily apply for exclusion. Problem gamblers can also be banned from casinos upon request from their family members.

Write to Chun Han Wong at [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on LAS VEGAS SANDS CORP.
11/15 LAS VEGAS SANDS : GOP megadonor officially breaks ties with Bannon over anti-Rep..
11/09 LAS VEGAS SANDS : Regional Impact Assessment Unveiled at Southern Nevada Youth H..
11/03 LAS VEGAS SANDS : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AN..
11/02 LAS VEGAS SANDS : Completes 100,000 Hygiene Kits for Clean the World
11/02 LAS VEGAS SANDS : Regional Impact Assessment Unveiled at Southern Nevada Youth H..
10/26 LAS VEGAS SANDS : Results of Operations and Financial Condition (form 8-K/A)
10/26 LAS VEGAS SANDS CORP. : Nevada Partnership for Homeless Youth Announce Exclusive..
10/26 Deutsche Bank to relaunch property lending in Japan
10/26 SANDS CHINA : 3Q net income up 24.4% to US$403m
10/26DJSANDS CHINA : Third-Quarter Net Income Rises 24.4% on Year
More news
News from SeekingAlpha
11/13 ATM withdrawals fall off in Macau
11/12 Foot Locker 36% Broker Target Gains Lead 'Safer' Dividend Challenger Top 10 D..
11/07 Las Vegas Sands singled out by Morgan Stanley
11/04 Stocks to watch next week
11/02 LAS VEGAS SANDS : Macau And A Special Dividend
Financials ($)
Sales 2017 12 669 M
EBIT 2017 3 302 M
Net income 2017 2 193 M
Debt 2017 7 974 M
Yield 2017 4,60%
P/E ratio 2017 24,21
P/E ratio 2018 22,19
EV / Sales 2017 4,79x
EV / Sales 2018 4,65x
Capitalization 52 709 M
Chart LAS VEGAS SANDS CORP.
Duration : Period :
Las Vegas Sands Corp. Technical Analysis Chart | LVS | US5178341070 | 4-Traders
Technical analysis trends LAS VEGAS SANDS CORP.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 67,0 $
Spread / Average Target 0,48%
EPS Revisions
Managers
NameTitle
Sheldon Gary Adelson Chairman, Chief Executive Officer & Treasurer
Robert Glen Goldstein President, Chief Operating Officer & Director
Patrick Dumont Chief Financial Officer, Director & Executive VP
Irwin Chafetz Director
Charles Daniel Forman Director
Sector and Competitors
1st jan.Capitalization (M$)
LAS VEGAS SANDS CORP.24.04%52 709
MGM RESORTS INTERNATIONAL14.08%18 683
WYNN RESORTS75.26%15 746
GENTING SINGAPORE PLC49.45%11 778
KANGWON LAND, INC.--.--%7 453
SJM HOLDINGS LIMITED1.48%4 491