Las Vegas Sands (LVS)
Consumer Discretionary · Gaming and Integrated Resorts
Las Vegas Sands operates integrated resort and casino properties in Macao and Singapore, generating revenue from gaming, hospitality, and retail operations.
What Las Vegas Sands does
Las Vegas Sands is a gaming and hospitality company that owns and operates integrated resort properties in Macao and Singapore. The company generates revenue primarily from casino gaming operations, supplemented by rooms, food and beverage, retail, and convention services. Casino revenue represented the largest segment, followed by rooms, food and beverage, mall operations, and other services. The company is heavily dependent on its Asia properties for cash flow generation.
Themes: ["Asia gaming and hospitality","Macao and Singapore operations","Premium resorts","Gaming revenue concentration","Dividend-paying companies"]
Fundamentals
- Price$46.45 as of 2026-07-09 close
- Market cap$30.3B as of 2026-07-10
- 1-year return-6.4% as of 2026-07-09 close
- P/E16.43 as of 2026-07-10
- Net margin+13.4% as of 2026-07-10
- Gross margin+49.6% as of 2026-07-10
- ROE+116.0% as of 2026-07-10
- Debt / equity13.13 as of 2026-07-10
- Revenue growth (YoY)+22.7% as of 2026-07-10
- Revenue CAGR (3y)+46.9% SEC XBRL
- Beta0.85 as of 2026-07-10
Dividend: yield +2.6%; 3-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Heavy geographic concentration: over 95% of operations depend on Macao and Singapore markets, creating significant vulnerability to regional economic or regulatory changes","Regulatory and licensing risk: subject to FCPA, anti-money laundering laws, and gaming regulations in Macao and Singapore; gaming authorities have broad authority to assess suitability, potentially restricting operations","Substantial debt burden: $15.78 billion of outstanding debt as of December 31, 2025, with restrictive covenants limiting dividend payments, acquisitions, and asset dispositions; debt service obligations consume significant cash flow"]
Competitors & peers
- MGM Resorts International (MGM)
- Caesars Entertainment (CZR)
- Wynn Resorts (WYNN)
- Sands China Ltd. (SCL)
- Galaxy Entertainment Group
- Melco Resorts & Entertainment
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.