Sands continues to invest in the attractive Macau region, positioning it for long-term growth.
Narrow-moat Sands announced they will invest $1.1 billion into existing Macau properties the next few years, which we think is strategically wise given the lack of available land for greenfield builds and the nearly 7% annual industry gaming growth we forecast for the region the next 10 years. Additionally, the company reported Macau (55% of total EBITDA) and Singapore (35%) third-quarter results that were slightly better than our forecast, while the Las Vegas (10%) update was in line with our v...Las Vegas Sands is a developer of destination properties (Integrated Resorts) that feature accommodations, gaming, entertainment and retail malls, convention and exhibition facilities, restaurants and other amenities. The company owns and operates Integrated Resorts in Asia and the United States. Through its ownership of Sands China Ltd., the company owns and operates properties including The Venetian Macao Resort Hotel, Sands Cotai Central, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao. In Singapore, the company owns and operates the Marina Bay Sands. The company's Las Vegas Operating Properties includes The Venetian Resort Las Vegas and the Sands Expo Center.
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