Last $59.48 USD
Change Today +0.55 / 0.93%
Volume 4.1M
LVS On Other Exchanges
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As of 8:04 PM 05/21/13 All times are local (Market data is delayed by at least 15 minutes).

las vegas sands corp (LVS) Snapshot

Open
$58.83
Previous Close
$58.93
Day High
$59.66
Day Low
$58.73
52 Week High
05/14/13 - $59.97
52 Week Low
07/26/12 - $32.61
Market Cap
49.1B
Average Volume 10 Days
4.5M
EPS TTM
$2.07
Shares Outstanding
824.9M
EX-Date
06/18/13
P/E TM
28.8x
Dividend
$1.40
Dividend Yield
6.47%
Current Stock Chart for LAS VEGAS SANDS CORP (LVS)

las vegas sands corp (LVS) Latest News

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las vegas sands corp (LVS) Details

Las Vegas Sands Corp. develops, owns, and operates integrated resorts in Asia and the United States. The company owns and operates The Venetian Macao Resort Hotel, the Four Seasons Hotel Macao, the Plaza Casino, and the Sands Macao and Sands Cotai Central in Macau, the People’s Republic of China. It also owns and operates the Marina Bay Sands in Singapore; The Venetian Resort Hotel Casino, the Palazzo Resort Hotel Casino, and the Sands Expo and Convention Center in Las Vegas, Nevada; and the Sands Casino Resort Bethlehem in Bethlehem, Pennsylvania. The company’s integrated resorts comprise accommodations, gaming and entertainment facilities, retail facilities, convention and exhibition facilities, celebrity chef restaurants, and other amenities. Las Vegas Sands Corp. was founded in 1988 and is based in Las Vegas, Nevada.

46,000 Employees
Last Reported Date: 03/1/13
Founded in 1988

las vegas sands corp (LVS) Top Compensated Officers

Chairman, Chief Executive Officer, Treasurer,...
Total Annual Compensation: $1.0M
President, Chief Operating Officer, Secretary...
Total Annual Compensation: $3.0M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $1.2M
Executive Vice President and President of Glo...
Total Annual Compensation: $1.5M
Executive Vice President of Global Operations
Total Annual Compensation: $622.6K
Compensation as of Fiscal Year 2012.

las vegas sands corp (LVS) Key Developments

Jury Awards Hong Kong Businessman $70 Million Judgment Against Las Vegas Sands Corp

A jury awarded a Hong Kong businessman a $70 million judgment against Las Vegas Sands Corp. Richard Suen claimed he was owed up to $328 million for helping the Las Vegas-based company secure a lucrative gambling license in Macau, the only place in China where casino gambling is legal. Las Vegas Sands attorneys argued Suen was owed nothing because he didn't make good on a promise to aid company executives. The eight-person Clark County District Court jury deliberated for two days before returning the award, potentially bringing to an end nine years of litigation. Suen remained straight-faced as the verdict was read, as he had throughout the trial, while Sands attorneys pursed their lips and shook their heads. Attorneys for the company then asked for a retrial, saying a juror had revealed she was prejudiced against Adelson. However, the judge said he found the argument unconvincing and noted Sands could've made the objection earlier. Adelson had attended court last week for closing arguments but was absent from Tuesday's proceedings.

Jury Begins Deliberation in Las Vegas Sands Case

Jurors began deliberations in a nine-year-old breach of contract case against Las Vegas Sands after hearing conflicting stories from lawyers about the role a Hong Kong businessman played in helping Sands enter the Chinese gambling enclave of Macau. Sands attorney Richard Sauber said in his closing argument that the company knew about opportunities in Macau in the early 2000s and did not need the help of plaintiff Richard Suen. Attorneys for Suen have countered that it was impossible to know how things would have turned out if casino mogul Sheldon Adelson had not consulted with their client, who is suing for $328 million.

Las Vegas Sands Corp. Announces Expansion Plan

Las Vegas Sands Corp. announced that its targeting the opening of The Parisian for late 2015. The company has also submitted plans to the Macau government for the development of a 2 million square foot tropical garden retail mall just south of Sands Cotai Central, on the east side of the Cotai Strip. The mall will feature over 900,000 square feet of value-oriented destination shopping and dining, targeted specifically at the mass market visitors of Macau.

 

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Industry Analysis

LVS

Industry Average

Valuation LVS Industry Range
Price/Earnings 30.5x
Price/Sales 4.2x
Price/Book 6.6x
Price/Cash Flow 19.1x
TEV/Sales 3.0x
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