Rising Sun on Japanese Gaming Opportunity Is Bright; Narrow-Moat Las Vegas Sands Best Positioned
Although there remain many variables to be decided, we see around a $25 billion Japanese integrated resort, or IR, opportunity ($19 billion in...
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Chinese Tourism Q1 DataWeak Outbound (+4%) But Strong Domestic Tourism (+28%)
In March, our commercial flights tracking data suggests only 2% year-over-year increase in outbound flight passengers vs. 31% in domestic flight...
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Sands China Shows Steady Mass Gain, Worsening VIP Segment, Hold-Adjusted EBITDA/Table/Day Increase
Narrow-moat Sands China's first-quarter adjusted EBITDA was 28% of our full-year estimate, broadly in line with historical seasonality. We have no...
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Bullish Catalysts for Wynn Macau, Not yet Baked into the Price Until Parent Earnings Call in May
The Hong Kong-traded subsidiary of Wynn Resorts Ltd (NASDAQ: WYNN) is responsible for most of the upside trade in its parent. Wynn has moved to...
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Proposed Sale of 49% of Singapore Mall Could Bring $3.3 Billion in Cash to LVS Japan War Chest
Las Vegas Sands Corp (LVS US) Chairman Sheldon Adelson has put the sale sign up on The Shoppes at Marina Bay Sands Mall in Singapore, strongly...
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