Sands first quarter 2012
May 1st, 2012 at 7:08:47 PM
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| Facility | Revenue | EBITDA |
|---|---|---|
| Marina Bay Sands | $848,669 | $472,500 |
| The Venetian Macao | $772,760 | $281,900 |
| Sands Macao | $349,083 | $107,000 |
| Four Seasons Hotel Macao and Plaza Casino | $299,604 | $67,500 |
| China (subtotal) | $1,421,447 | $456,400 |
| Las Vegas Operating Properties | $384,603 | $115,800 |
| Sands Bethlehem | $115,562 | $27,500 |
| Other Asia | $35,568 | $(5,687) |
| Intersegment Elimination | $(43,107) | $- |
| Total | $2,762,742 | $1,066,513 |
Here are the revenue and EBITDA of the six facilities. It is amazing how profitable the Marina Bay Sands is for the corporation. When the new facility is built, revenue should go well over a billion dollars a month,
May 1st, 2012 at 9:14:30 PM
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Wow, what a joint. 700 gaming tables. Mike should move there.
15,000 sq meter casino. How many sq ft is that. No shorts or
Hawaiian shirts though. Bummer.
15,000 sq meter casino. How many sq ft is that. No shorts or
Hawaiian shirts though. Bummer.
"It's not called gambling if the math is on your side."
May 1st, 2012 at 9:36:22 PM
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marina bay
15,000 square meters = 161,458 square feet
venetian macao :
50,700 square meters = 546,000 square feet
one acre:
4,046.85642 square meeters = 43,560 square feet
15,000 square meters = 161,458 square feet
venetian macao :
50,700 square meters = 546,000 square feet
one acre:
4,046.85642 square meeters = 43,560 square feet
In a bet, there is a fool and a thief.
- Proverb.
May 1st, 2012 at 9:40:18 PM
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Do guests, upon check in, get issued a GPS?
May 1st, 2012 at 10:01:21 PM
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Think I was kidding?
"Smart casual wear is required. Casual short pants are not allowed."
"Smart casual wear is required. Casual short pants are not allowed."
"It's not called gambling if the math is on your side."
May 2nd, 2012 at 12:52:50 AM
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I was there last June and I have to say that other than the appearance of the building from outside it isn't impressive at all. The casino itself is simply a huge round room for the main floor with a couple of additional levels which look onto the main floor and have gaming around the outside. I likened the main floor to an aircraft hanger because it could be located in one and there would be very little difference.
Having said that I will be staying a couple of nights in the hotel when I return to Singapore in four weeks time and as they now apparently have a Craps table, I will venture into to have a roll or two.
Having said that I will be staying a couple of nights in the hotel when I return to Singapore in four weeks time and as they now apparently have a Craps table, I will venture into to have a roll or two.
May 2nd, 2012 at 12:58:08 AM
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Las Vegas Sands reported a profit of $498.9 million, up from $289.3 million a year earlier.
three words..chinese.baccarat.whale
people who have played in the VIP rooms in Macau
will tell you the concept of a whale is much different there than it is in vegas or the US.
it is not uncommon to sit at a table where more than one person is playing at $100,000 a hand.
Las Vegas Sands Corp. 1Q profit jumps
three words..chinese.baccarat.whale
people who have played in the VIP rooms in Macau
will tell you the concept of a whale is much different there than it is in vegas or the US.
it is not uncommon to sit at a table where more than one person is playing at $100,000 a hand.
Las Vegas Sands Corp. 1Q profit jumps
In a bet, there is a fool and a thief.
- Proverb.
May 9th, 2012 at 2:21:46 AM
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Quote: WongBoLas Vegas Sands reported a profit of $498.9 million, up from $289.3 million a year earlier.
three words..chinese.baccarat.whale
people who have played in the VIP rooms in Macau
will tell you the concept of a whale is much different there than it is in vegas or the US.
it is not uncommon to sit at a table where more than one person is playing at $100,000 a hand.
Las Vegas Sands Corp. 1Q profit jumps
Highest limit I've seen was 2M a hand ($260,000 a hand) and anybody stranger from the street can play there given he can afford it. I guess it's possible to bet even more if you are a regular.
May 9th, 2012 at 4:07:25 AM
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Locals have to pay to get in!
No wonder they are making tons of money.
No wonder they are making tons of money.
http://wizardofvegas.com/forum/off-topic/general/10042-woes-black-sheep-game-ii/#post151727
May 10th, 2012 at 4:41:59 AM
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Quote: WizardofEnglandLocals have to pay to get in!
No wonder they are making tons of money.
Most of the money probably comes from mainland China. The fee is only S$100 for 24h; that probably what the average gambler bets per hand on Baccarat.
May 10th, 2012 at 5:09:41 AM
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Quote: HKrandomMost of the money probably comes from mainland China. The fee is only S$100 for 24h; that probably what the average gambler bets per hand on Baccarat.
Its just a resort fee, for people not staying there... Surely?
http://wizardofvegas.com/forum/off-topic/general/10042-woes-black-sheep-game-ii/#post151727
May 10th, 2012 at 6:44:13 AM
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Quote: WizardofEnglandLocals have to pay to get in!
No wonder they are making tons of money.
The entrance fee is US$80=S$100 . Since the resort has revenue on the order of $3 billion a year, I don't think those fees are important. The fee is to discourage poor Malaysians from the state of Johor from coming to the casino too often and creating a diplomatic problem.
May 14th, 2012 at 5:50:17 AM
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The SGD100 entrance fee doesn't go to the casino it goes to the Singapore government.
Very easy for Malaysians to gamble if they want too anyway. They don't need to go to Singapore they can go up the road to Resort World Genting.
Very easy for Malaysians to gamble if they want too anyway. They don't need to go to Singapore they can go up the road to Resort World Genting.
May 14th, 2012 at 8:31:33 AM
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paco, the Maccau Venetian has almost the same revenue as the Marina Bay Sands, but it's MUCH larger. Is that a layout/slot difference, or does it really have that many more baccarat tables? If so the average bet at the Marina Bay must be impressive...
May 14th, 2012 at 2:30:44 PM
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MBS would have over 200 Baccarrat tables I would estimate. I will try to count when I'm there again in 2 weeks. I'm unsure of the minimum bets on Baccarrat as I didn't take notice but you won't find a BJ table for less than $25. No idea what the average bet would be but there were many many people betting reasonable sized stacks of black chips when I was there on a Wednesday night.
May 14th, 2012 at 3:22:30 PM
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Many years ago an Australian girl named Angel offered to post me a view. This while while we were working on a telecommunications trouble. I thought it had something to do with trouble shooting and declined.
Only later did I find out she came by the name Angel honestly. And she had offered to mail me a picture. Mostly likely in a bikini.
Damn, why can't Aussies speak English ? LOL
Only later did I find out she came by the name Angel honestly. And she had offered to mail me a picture. Mostly likely in a bikini.
Damn, why can't Aussies speak English ? LOL
May 15th, 2012 at 3:34:14 PM
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Quote: sunrise089paco, the Maccau Venetian has almost the same revenue as the Marina Bay Sands, but it's MUCH larger. Is that a layout/slot difference, or does it really have that many more baccarat tables? If so the average bet at the Marina Bay must be impressive...
Despite being only 30% of the size, the MBS has nearly the same amount of tables and slot machines as Venetian Macau.
Although Bethlehem PA casino has a lot of revenue per slot machine, it is taxed at 55%.
| Resort | Square Feet | Tables | Slots | Table/day | Slot/day | Tables/day | Slots/day | Casino/day |
|---|---|---|---|---|---|---|---|---|
| Marina Bay Sands | 165,000 | 607 | 2,479 | $12,975 | $665 | $7,875,825 | $1,648,535 | $9,524,360 |
| Venetian Macao: | 550,000 | 570 | 2,282 | $14,334 | $334 | $8,170,380 | $762,188 | $8,932,568 |
| Sands Macao: | 229,000 | 399 | 1,093 | $10,733 | $295 | $4,282,467 | $322,435 | $4,604,902 |
| Four Seasons | intimate | 165 | 176 | $26,933 | $740 | $4,443,945 | $130,240 | $4,574,185 |
| Las Vegas, NV | 225,000 | 227 | 2,417 | $7,085 | $188 | $1,608,295 | $454,396 | $2,062,691 |
| Bethlehem, PA | 139,000 | 119 | 2,995 | $2,784 | $279 | $331,296 | $835,605 | $1,166,901 |
I should note that the LV Sands quarterly report for Four Seasons says 165 tables in 2012, and 118 in 2011, 2010, & 2009. The Wizard of Macau site says 34 tables.
Even though you don't think of the Chinese as liking slot machines, they are still pulling in a lot of money compared to machines in America. Of course, there a fewer machines in the entire district.
Leaving out Sands Las Vegas operation the rest of the Vegas strip is making
$7,988,494 per day in table games (including poker)
$7,758,660 per day in slots
May 15th, 2012 at 4:54:09 PM
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Sands Casino-linked concert venue, bar open Wednesday in Bethlehem
Thought this might interest you...
Thought this might interest you...
Nemo Omnibus Horis Sapit
June 19th, 2012 at 4:25:01 PM
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Sands Corporation first quarter revenue of $2.76 billion was so explosive that it overtook industry leader MARRIOTT whose revenue totaled over $2.5 billion in the 2012. Marriot's revenue grew anemically from $2.4 billion the year before.
Marriots's lodging group encompassed 3,732 properties and timeshare resorts for a total of nearly 644,000 rooms. The company expects to add 25,000 to 30,000 rooms and expects 7,000 to 8,000 rooms to exit the system in 2012. The company's worldwide pipeline of hotels under construction, awaiting conversion or approved for development totaled 700 properties with approximately 115,000 rooms at quarter-end.
What is your prediction? Will the Sands juggernaut slow? Will Sands overtake Marriot this year to become the dominant casino/hotel chain in the world?
Only 3.5 years ago Sands was supposedly in danger of default
Marriots's lodging group encompassed 3,732 properties and timeshare resorts for a total of nearly 644,000 rooms. The company expects to add 25,000 to 30,000 rooms and expects 7,000 to 8,000 rooms to exit the system in 2012. The company's worldwide pipeline of hotels under construction, awaiting conversion or approved for development totaled 700 properties with approximately 115,000 rooms at quarter-end.
What is your prediction? Will the Sands juggernaut slow? Will Sands overtake Marriot this year to become the dominant casino/hotel chain in the world?
Only 3.5 years ago Sands was supposedly in danger of default
June 19th, 2012 at 4:34:31 PM
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Quote: pacomartinWhat is your prediction? Will the Sands juggernaut slow? Will Sands overtake Marriot this year to become the dominant casino/hotel chain in the world?
Will the juggernaut slow? I'd say it's highly unlikely, at least in terms of revenue. PA is still a growing market, and Adelson was brilliant to place a casino there.
Will Sands overtake Marriott as the dominant chain? I guess that depends on your definition of "dominant." Marriott will nearly always be the most recognized name of hotels and have the most locations, unless Sands buys more hotel properties without casinos (or even with Casinos). In terms of dollars, there is little question that Sands is one of the more financially stable casino groups out on the market, and Marriott will always be limited in revenue growth.
"One out of every four people are [morons]"- Kyle, South Park
June 19th, 2012 at 4:37:30 PM
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Didn't the Sands owner/CEO/Whatever just give $10,000,000
to the Romney campaign, with more to follow? If Romney does
win and releases the stranglehold Obama has on business,
Sands could see a lot of new customers.
to the Romney campaign, with more to follow? If Romney does
win and releases the stranglehold Obama has on business,
Sands could see a lot of new customers.
"It's not called gambling if the math is on your side."
June 19th, 2012 at 4:54:20 PM
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Quote: EvenBobDidn't the Sands owner/CEO/Whatever just give $10,000,000 to the Romney campaign, with more to follow? If Romney does win and releases the stranglehold Obama has on business, Sands could see a lot of new customers.
Sheldon Adelson gave $10 million to a Super Pac that supports Romney. It is illegal to give that much money to a candidate, Mr. Adelson has told friends that he intends to give at least $100 million to conservative causes and candidates this election cycle.But he has also told his friends and colleagues that he would prefer to keep his contributions under wraps in order to avoid controversy, and will likely focus donations mostly on non-profits affiliated with political PACS, which don’t have to disclose the names of donors.
Sands Corporation is making such an overwhelming percentage of their business overseas, that he may be almost immune to business conditions inside the USA. He seems equally concerned with the US position on the state of Israel. He sees Obama as too soft on the enemies of Israel.
I would think that right now the financial health of Spain would be a bigger concern to Adelson than the USA. His intention is to invest more money in the European Vegas than he has in the USA right now.
June 19th, 2012 at 5:43:04 PM
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This stunning photo is the hotel and is typical of the sparkling new development in Marina Bay. The hotel building is 52 stories I think, with the rooftop accessible to visitors to eat and drink and take in the view. But the casino itself is unspectacular, with most of it burried underground in another building and not visible in the photo.
The casino entrance level from the road is into the middle floor (the non smoking floor) and then punters descend down into the main gaming floor (smoking allowed), or up a level to the VIP and members rooms. Its interesting that smoking is strictly banned in public places in Singapore, but not in the two casinos.
Having visited Marina Bay Sands, and Sands Macau on many occasions, as well as the Venetian Macau, in my view, Sands Macau and the Venetian are much better casino's than Marina Bay Sands. However, as Singapore has only 2 casino's, Marina Bay is clearly very, very successful. I doubt however that it is drawing significant numbers of Chinese punters who would otherwise go to Macau, unless they are whales. In my experience the punters are locals, Malaysians, Thais and Indonesians.
As can be seen from the stats in this post, slots are really not favoured by the Chinese in Macau, so this suggests that the high proportion playing the slots in Marina Bay Sands are not mainland Chinese visitors.
Yes, it is correct that Marina Bay Sands now has craps on offer.
The entrance fee is payable only by locals, so visitors must present a passport or ID (in the case of Malaysians) to enter free of charge.
The casino entrance level from the road is into the middle floor (the non smoking floor) and then punters descend down into the main gaming floor (smoking allowed), or up a level to the VIP and members rooms. Its interesting that smoking is strictly banned in public places in Singapore, but not in the two casinos.
Having visited Marina Bay Sands, and Sands Macau on many occasions, as well as the Venetian Macau, in my view, Sands Macau and the Venetian are much better casino's than Marina Bay Sands. However, as Singapore has only 2 casino's, Marina Bay is clearly very, very successful. I doubt however that it is drawing significant numbers of Chinese punters who would otherwise go to Macau, unless they are whales. In my experience the punters are locals, Malaysians, Thais and Indonesians.
As can be seen from the stats in this post, slots are really not favoured by the Chinese in Macau, so this suggests that the high proportion playing the slots in Marina Bay Sands are not mainland Chinese visitors.
Yes, it is correct that Marina Bay Sands now has craps on offer.
The entrance fee is payable only by locals, so visitors must present a passport or ID (in the case of Malaysians) to enter free of charge.
July 26th, 2012 at 1:54:59 AM
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Quote: pacomartin
Resort Square Feet Tables Slots Table/day Slot/day Tables/day Slots/day Casino/day Marina Bay Sands 165,000 607 2,479 $12,975 $665 $7,875,825 $1,648,535 $9,524,360 Venetian Macao: 550,000 570 2,282 $14,334 $334 $8,170,380 $762,188 $8,932,568 Sands Macao: 229,000 399 1,093 $10,733 $295 $4,282,467 $322,435 $4,604,902 Four Seasons intimate 165 176 $26,933 $740 $4,443,945 $130,240 $4,574,185 Las Vegas, NV 225,000 227 2,417 $7,085 $188 $1,608,295 $454,396 $2,062,691 Bethlehem, PA 139,000 119 2,995 $2,784 $279 $331,296 $835,605 $1,166,901
On comparison you can do is to compare 2012 2nd quarter with 2012 1st quarter. This comparison in many ways is not fair since you are looking at the quarter with Chinese New Years vs a quarter without.
But I am trying to hypothesize an explanation for this massive drop in stock price over the last few weeks. Adelson must have lost $10 billion.
GAMING REVENUE ONLY
| Resort | Change | Casino/day 1QTR 2012 | Casino/day 2nd QTR 2012 |
|---|---|---|---|
| Marina Bay Sands | -37% | $9,524,360 | $6,046,154 |
| Venetian Macao: | -31% | $8,932,568 | $6,171,429 |
| Sands Macao: | -37% | $4,604,902 | $2,909,890 |
| Sands Cotai | $3,080,247 | ||
| Four Seasons | -42% | $4,574,185 | $2,635,165 |
| Las Vegas, NV | -50% | $2,062,691 | $1,039,560 |
| Bethlehem, PA | 1% | $1,166,901 | $1,175,824 |
July 27th, 2012 at 12:02:20 PM
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There seems to be a huge drop in gaming stock across the board.
| Stock | 52 week high | Today | Drop |
|---|---|---|---|
| Ceasars Entertainment | $17.90 | $8.62 | -51.8% |
| Boyd Gaming | $9.75 | $5.65 | -42.1% |
| Wynn Resorts | $161.33 | $94.21 | -41.6% |
| Las Vegas Sands | $62.09 | $36.28 | -41.6% |
| MGM Resorts | $15.74 | $9.46 | -39.9% |
| Penn Gaming | $46.55 | $39.58 | -15.0% |
July 27th, 2012 at 12:14:47 PM
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Adelson's concerns have more to do with the Justice Department investigation of him for violating the foreign corrupt practices act, basically bribing Macau officials with direct payments. He is simply trying to buy a new Justice Department, which of course will end that investigation. While Mr Adelson has always donated to republican causes, over the lat 12 years the total yearly donations have been between, 100,000 and 200,000 every cycle. This cycle he is over 10 million and presumably going to go much higher. His agenda isn't republican. It is a new Justice department and dropped investigation. lol
http://www.pri.org/stories/politics-society/tt-justice-department-investigating-billionaire-sheldon-adelson-gop-s-biggest-donor-10732.html
http://www.pri.org/stories/politics-society/tt-justice-department-investigating-billionaire-sheldon-adelson-gop-s-biggest-donor-10732.html
July 29th, 2012 at 8:50:22 PM
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Quote: pacomartinThere seems to be a huge drop in gaming stock across the board.
Quote: Sheldon Gary AdelsonAt 2nd quarter conference call to Steven E. Kent - Goldman Sachs Group Inc., Research Division
Steve, this is Sheldon. I'd like to point something out. Up until this quarter, we had 11 straight quarters of growth. When you have 11 straight quarters of growth, how do you interpret volatility?
I have to agree with Sheldon Adelson here. Macau revenue at the existing three properties was the same. The new growth was at the new property which had some expenses normally associated with a new opening. Singapore earnings were down by about 5%, and Vegas had a small drop. Overall, this affected profit, which dropped by 40% from last year.
But market share and EBITDA are high. Long term prospects seem decent. The out of control growth is slowing a little.
I don't understand the overreaction in the stock market.
July 29th, 2012 at 9:16:35 PM
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LVS stock has dropped 42% since Ap, thats the kind
of drop you had during the Depression. I visited the
LVS stock forums and investors are pissed. All they can
see is its going to take a long time to get to where they were in
Ap. If its even at the bottom yet.
of drop you had during the Depression. I visited the
LVS stock forums and investors are pissed. All they can
see is its going to take a long time to get to where they were in
Ap. If its even at the bottom yet.
"It's not called gambling if the math is on your side."
July 30th, 2012 at 12:37:39 AM
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Quote: EvenBobLVS stock has dropped 42% since Ap, thats the kind
of drop you had during the Depression. I visited the
LVS stock forums and investors are pissed. All they can
see is its going to take a long time to get to where they were in
Ap. If its even at the bottom yet.
I suppose I should finish this table of operator stock prices with Pinnacle and Ameristar. Now there are 8 companies.
LVS stock has tumbled the same as everyone else. I am always surprised when people get pissed. It's not like Macau is a big secret. Billions of people here about it and read about it. It's not as if you had a secret insider stock tip.
| Stock | 52 week high | Today | Drop |
|---|---|---|---|
| Ceasars Entertainment | $17.90 | $8.62 | -51.8% |
| Boyd Gaming | $9.75 | $5.65 | -42.1% |
| Wynn Resorts | $161.33 | $94.21 | -41.6% |
| Las Vegas Sands | $62.09 | $36.28 | -41.6% |
| MGM Resorts | $15.74 | $9.46 | -39.9% |
| Pinnacle Entertainment | $14.91 | $10.28 | -31.1% |
| Ameristar Casinos | $23.47 | $17.06 | -31.1% |
| Penn Gaming | $46.55 | $39.58 | -15.0% |
July 30th, 2012 at 12:40:17 AM
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But did anybody else drop 42% in 3 1/2 months?
"It's not called gambling if the math is on your side."
July 30th, 2012 at 4:47:53 AM
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Quote: pacomartin
LVS stock has tumbled the same as everyone else. I am always surprised when people get pissed. It's not like Macau is a big secret. Billions of people here about it and read about it. It's not as if you had a secret insider stock tip.
In 2008, LVS was trading in the dollar range and Wynn was in the teens as I recall. Yes, it was the start of the Great Recession and everything was wacky, but when a stock plummets so such depths and then ascends so high- and combined with all of the current economic uncertainty, it only seems natural for the Market to take some corrective action to some stocks.
It's a telling chart though: it would seem we've made our highs at least for a while at this point...
Lack of prior planning on your part doesn't constitute an emergency on my part.
