This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Casino Stocks to Bet On in 2012

4. Las Vegas Sands (LVS - Get Report) is a leading developer of resorts with gaming and entertainment features. Through its majority-owned subsidiary Sands China, the company also owns a suite of properties in Macau.

Of the 29 analysts covering the stock, 79% recommend a buy and 17% suggest a hold. The stock's average 12-month price target is $58.50, or 43.4% higher than the current price, according to a Bloomberg consensus.

For the third quarter of 2011, LVS reported net revenue of $2.41 billion, up 26.2% from $1.91 billion in the same quarter prior year. Net income attributable to shareholders increased 110.5% to $353.6 million from $168 million in the third quarter of 2010, while diluted earnings per share increased 109.5% to 44 cents from 21 cents in the prior-year quarter. The company paid a final quarterly dividend of $2.5 per share on Nov. 15.

Consolidated adjusted property EBITDA increased 43.2% in the third quarter to $924.1 million from $645.2 million in the year-ago quarter. The EBITDA margin also increased 460 basis points to 38.4% in the third quarter from 33.8% in same quarter last year.

LVS is planning to build a $2 billion tourism complex in Ho Chi Minh City, which will be an integrated resort comprising of hotels, restaurants, exhibitions, conferences, a shopping center and other entertainment and recreational facilities, according to a Vietnamese state media reports citing the company's chairman Sheldon Adelson. Currently, LVS is also constructing a 6,400-room complex at the Cotai Strip, featuring the Sheraton and St. Regis hotel brands.
3 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
IGT $16.97 0.24%
LVS $47.67 3.88%
MGM $20.49 1.14%
MPEL $17.16 0.00%
PNK $36.98 -0.48%

Markets

Chart of I:DJI
DOW 16,374.76 +23.38 0.14%
S&P 500 1,951.13 +2.27 0.12%
NASDAQ 4,733.4970 -16.4820 -0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs