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

LAS VEGAS SANDS CORP. (LVS)
Mes dernières consult.
Most popular
Report
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.
01/19 LAS VEGAS SANDS : Fortune Names Las Vegas Sands to "World's Most Admired Compani..
01/18 LAS VEGAS SANDS : to Announce Fourth Quarter 2017 Financial Results
01/16 Purcell Julie & Lefkowitz LLP Is Investigating Las Vegas Sands Corp. for Pote..
01/01 Macau casinos post first annual revenue gain in 3 years
2017 MGM RESORTS INTERNATIONAL : Después del tiroteo en Las Vegas, preguntas sobre pl..
2017 LAS VEGAS SANDS CORP. : ex-dividend day
2017 Dragon bets on blockchain to cut costs for Asia's gambling business
2017 Macau casino revenue rises 23 percent on year in November
2017 THOMAS WILSON : Melco pledges headquarters in Japan if it wins casino licence
2017 LAS VEGAS SANDS : 4 Lehigh Valley municipalities say 'no thanks' to a potential ..
More news
News from SeekingAlpha
01/20 STOCKS TO WATCH : Earnings Season Hits Higher Gear
01/19 'Safer' Dividend Challengers Led By Pattern, Tallgrass, Schweitzer & Simon Ja..
01/16 Macau sector on watch after favorable Morgan Stanley outlook
01/16 DIVIDEND CHALLENGERS (AND NEAR-CHALL : 153 Increases Expected By The End Of Marc..
01/15 My Dividend Growth Portfolio - Q4 2017 Summary
Financials ($)
Sales 2017 12 716 M
EBIT 2017 3 321 M
Net income 2017 2 199 M
Debt 2017 7 584 M
Yield 2017 4,11%
P/E ratio 2017 26,92
P/E ratio 2018 24,36
EV / Sales 2017 5,23x
EV / Sales 2018 5,05x
Capitalization 58 899 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 18
Average target price 72,1 $
Spread / Average Target -3,2%
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.5.79%58 899
MGM RESORTS INTERNATIONAL9.43%20 579
WYNN RESORTS2.97%18 464
GENTING SINGAPORE PLC0.76%12 188
TABCORP HOLDINGS LIMITED-4.84%8 307
KANGWON LAND, INC.--.--%6 492