LVS Updates: Solid Results and Dividend Announcement
Last week, Las Vegas Sands (NYSE:LVS) reported impressive Q4 and full year numbers for 2011. The consolidated 2011 net revenue grew 37% yoy to reach $9.4 billion. Its Asian operations contributed significantly to these growth numbers. (See our previous post: Impressive Asia Growth Drives Las Vegas Sands Q4 Results) LVS plans to open the first phase of Sands Cotai Central in April. It is located at a prime location on the Cotai Strip and is directly across from The Venetian Macao and the Four Seasons Hotel Macao. At completion, it is expected to have 6,400 rooms.
LVS also allocated approximately $800 million for dividends in 2012. It is the first dividend announcement by LVS in the history of its operations.
Standard & Poor’s put LVS on positive watch indicating that its ratings could be upgraded soon as it believes that LVS’s financial profile has improved. [1]
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See our full analysis for LVS | Understand How a Company’s Products Impact its Stock Price at Trefis
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