April 10, 2013 at 18:07 PM EDT
Even Las Vegas Bets On Macau; Analysis Of Sands China
Consider this a tale of two cities. Las Vegas is trying to recover from a housing catastrophe and a depression in the gambling industry. But Macau is red hot. This not-very-subtle divergence appears when looking at Las Vegas Sands (LVS) and Sands China. Las Vegas Sands saw its EPS shrink for the past three quarters. The consensus expects a fourth straight year-over-year decline when the Q1 report is released. Full-year estimates predict 27% profit
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