Interesting times lead to interesting stock picks, and the one we have gone for in this issue is a casino stock – Las Vegas Sands (LVS). It trades on the New York Stock Exchange and owns some of the most iconic gambling properties in the world. These properties are in Las Vegas (which, ironically, only accounts for a small percentage of the company’s total earnings), Singapore and Macau.
LVS is a play on the Chinese demand for gambling, which is generally high. With Las Vegas accounting for less than 10% of LVS’s earnings, it means that the bulk of the generated profit originates in Asia. LVS is considered the “Ferrari” of the casino businesses because it not only has the best-looking hotels in the industry (who hasn’t noticed the Marina Bay Sands hotel in Singapore during the Grand Prix?), its properties are also found in the world’s most profitable gambling destinations – Macau and Singapore.
Bu hikaye Finweek English dergisinin 27 August 2020 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Finweek English dergisinin 27 August 2020 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
THE HEALTH OF SA'S MEDICAL SCHEMES
As the Covid-19 pandemic abates, finweek takes a look at the financial performance of some of the largest players.
The effect of Gilbertson's departure
With Ntsimbintle Holdings now the major shareholder of Jupiter Mines, it could change SA’s manganese industry.
Making money from music
Why investors are increasingly drawn to the music industry.
Conviction is key
Sandy Rheeder plays a critical role in Mukuru’s mission to open up financial services to the emerging consumer market in Africa through tailor-made technology solutions and platforms.
The post-pandemic toolkit
How CFOs can use technology to support growth.
Big city living exodus
Mini cities like Waterfall City and Steyn City are redefining city-style apartment living.
Big compact, big value
Handsome, with a hefty level of standard specification, the roomy Haval Jolion compact crossover is a great value proposition.
On barriers to entry
There are various ways in which a company or sector can achieve competitive dominance. They usually make for good investments.
Fear and greed in one index
To buck the trend, when markets are hot or cold, is a tough thing to do. However, it can deliver solid returns.
Africa's largest data centre facility coming soon
Vantage Data Centers plans to invest over R15bn for its first African data centre facility in Attacq’s Waterfall City.
