{"id":209395,"date":"2022-04-14T13:05:22","date_gmt":"2022-04-14T20:05:22","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=209395"},"modified":"2022-04-14T15:32:47","modified_gmt":"2022-04-14T22:32:47","slug":"las-vegas-sands-stocks-earns-bull-call-from-bernstein","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/las-vegas-sands-stocks-earns-bull-call-from-bernstein\/","title":{"rendered":"Bernstein Bullish on Las Vegas Sands as Q2 Casino Stock Idea"},"content":{"rendered":"<p>Amid punitive coronavirus lockdowns in mainland China, shares of Macau casino operators are sagging again this year. Down 3.69% year-to-date, Las Vegas Sands (NYSE:LVS) isn\u2019t immune to that trend.<\/p>\n<figure id=\"attachment_209396\" aria-describedby=\"caption-attachment-209396\" data-style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-209396\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/04\/PM2-142x80.jpg\" alt=\"Sands China\" width=\"1200\" height=\"675\" \/><figcaption  id=\"caption-attachment-209396\"class=\"text-description\">Sands China&#8217;s Parisian Macau, pictured above. Bernstein is bullish on the operator and its US parent. (Image: <em>CNN<\/em>)<\/figcaption><\/figure>\n<p>Still, some analysts remain bullish on the largest Macau concessionaire, saying LVS and its Sands China unit are poised to rebound. In a new note to clients, analysts at research firm Bernstein anoint Las Vegas Sands and Sands China as their preferred casino stock ideas for the second quarter, rating each \u201coutperform.\u201d \u00a0The analysts also offer a forecast on when the gaming company could restore its dividend.<\/p>\n<blockquote class=\"main-blockquote\"><p><strong>With strong cash flow and limited CAPEX commitment over the next few years we expect Sands China to de-lever and return to paying dividends by 2024,\u201d<\/strong> notes Bernstein.<\/p><\/blockquote>\n<p>Once the biggest dividend payer among US-based gaming companies, Sands suspended its payout two years ago to conserve cash at the start of the pandemic. Following <a href=\"https:\/\/www.casino.org\/news\/lvs-dividend-restart-unlikely-over-near-term-following-new-agreement\/\">a new agreement with creditors<\/a> reached last year, it was believed the gaming company could not and would not restart the payout until late 2022 at the earliest.<\/p>\n<p>LVS long had one of the richest payouts in the gaming industry, and one of the more enviable track records of payout growth. When <a href=\"https:\/\/www.casino.org\/news\/las-vegas-sands-dividend-suspended-due-to-coronavirus\/\">the dividend was suspended<\/a>, it was $3.16 per share annually and yielded 6.88%. It was a tough decision for the late Sheldon Adelson, as the former LVS chairman and chief executive officer was known for saying, \u201cYay, dividends!\u201d<\/p>\n<h2>Rays of Hope in Singapore<\/h2>\n<p>Currently, the LVS portfolio consists of five Macau integrated resorts and Marina Bay Sands (MBS) in Singapore. While the road to recovery in Macau is growing longer and seemingly suffers a setback on a weekly basis, LVS can offset some of that risk with MBS. That&#8217;s because the <a href=\"https:\/\/www.casino.org\/news\/marina-bay-sands-may-need-two-more-years-to-recover-asserts-analyst\/\">near-term outlook for Singapore casinos<\/a> is brighter than it is for the equivalent Macau venues.<\/p>\n<blockquote class=\"main-blockquote\"><p><strong>We expect a ramp-up in business activity at Singapore integrated resorts to start in the second quarter, and accelerate into 2023,\u201d<\/strong> notes Bernstein.<\/p><\/blockquote>\n<p>The research firm adds MBS drove $1.7 billion of earnings before interest, taxes, depreciation and amortization (EBITDA) on margins of 54% in 2019 &#8212; before COVID-19 emerged &#8212; making it the most profitable high-end integrated resort in the world.<\/p>\n<p>Bernstein estimates MBS can return to $1.7 billion in EBITDA in 2024, and will jump to $1.9 billion the following year.<\/p>\n<h2>Macau Not Lost Cause<\/h2>\n<p>It\u2019s easy to find <a href=\"https:\/\/www.casino.org\/news\/analysts-are-increasing-bearish-on-near-term-macau-recovery\/\">analysts with bearish views<\/a> on the current Macau landscape. That\u2019s understandable, as there\u2019s limited visibility as to when China will halt its futile zero COVID-19 policy, and because of the death of the junket business there.<\/p>\n<p>However, widespread consensus holds that Macau\u2019s mass and premium mass markets will bounce back much more rapidly than VIPs. That\u2019s a positive for Sands China, because it, along with Galaxy Entertainment, is dominant among mass-market gamblers.<\/p>\n<p><strong>Sands, which has a 30% market share in Macau, can outperform rivals due to its positioning among premium mass patrons and with the help of new amenities, according to Bernstein.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amid punitive coronavirus lockdowns in mainland China, shares of Macau casino operators are sagging again this year. Down 3.69% year-to-date, Las Vegas Sands (NYSE:LVS) isn\u2019t immune to that trend. Still, some analysts remain bullish on the largest Macau concessionaire, saying LVS and its Sands China unit are poised to rebound. In a new note to [&hellip;]<\/p>\n","protected":false},"author":46,"featured_media":209396,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,10],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Las Vegas Sands Stocks Earns Bull Call From Bernstein<\/title>\n<meta name=\"description\" content=\"Some analysts are bullish on Las Vegas Sands and Sands China as second-quarter casino equity ideas.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Las Vegas Sands Stocks Earns Bull Call From Bernstein\" \/>\n<meta property=\"og:description\" content=\"Some analysts are bullish on Las Vegas Sands and Sands China as second-quarter casino equity ideas.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/las-vegas-sands-stocks-earns-bull-call-from-bernstein\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-14T20:05:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-14T22:32:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/04\/PM2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-stocks-earns-bull-call-from-bernstein\/\",\"url\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-stocks-earns-bull-call-from-bernstein\/\",\"name\":\"Las Vegas Sands Stocks Earns Bull Call From Bernstein\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-stocks-earns-bull-call-from-bernstein\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-stocks-earns-bull-call-from-bernstein\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/04\/PM2.jpg\",\"datePublished\":\"2022-04-14T20:05:22+00:00\",\"dateModified\":\"2022-04-14T22:32:47+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Some analysts are bullish on Las Vegas Sands and Sands China as second-quarter casino equity ideas.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-stocks-earns-bull-call-from-bernstein\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/las-vegas-sands-stocks-earns-bull-call-from-bernstein\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-stocks-earns-bull-call-from-bernstein\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/04\/PM2.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/04\/PM2.jpg\",\"width\":1600,\"height\":900,\"caption\":\"Sands China's Parisian Macau. Bernstein is bullish on the operator and its US parent. (Image: CNN)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/las-vegas-sands-stocks-earns-bull-call-from-bernstein\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Financial\",\"item\":\"https:\/\/www.casino.org\/news\/financial\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Bernstein Bullish on Las Vegas Sands as Q2 Casino Stock Idea\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Las Vegas Sands Stocks Earns Bull Call From Bernstein","description":"Some analysts are bullish on Las Vegas Sands and Sands China as second-quarter casino equity ideas.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Las Vegas Sands Stocks Earns Bull Call From Bernstein","og_description":"Some analysts are bullish on Las Vegas Sands and Sands China as second-quarter casino equity ideas.","og_url":"https:\/\/www.casino.org\/news\/las-vegas-sands-stocks-earns-bull-call-from-bernstein\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2022-04-14T20:05:22+00:00","article_modified_time":"2022-04-14T22:32:47+00:00","og_image":[{"width":1600,"height":900,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/04\/PM2.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/las-vegas-sands-stocks-earns-bull-call-from-bernstein\/","url":"https:\/\/www.casino.org\/news\/las-vegas-sands-stocks-earns-bull-call-from-bernstein\/","name":"Las Vegas Sands Stocks Earns Bull Call From Bernstein","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/las-vegas-sands-stocks-earns-bull-call-from-bernstein\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/las-vegas-sands-stocks-earns-bull-call-from-bernstein\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/04\/PM2.jpg","datePublished":"2022-04-14T20:05:22+00:00","dateModified":"2022-04-14T22:32:47+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"Some analysts are bullish on Las Vegas Sands and Sands China as second-quarter casino equity ideas.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/las-vegas-sands-stocks-earns-bull-call-from-bernstein\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/las-vegas-sands-stocks-earns-bull-call-from-bernstein\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/las-vegas-sands-stocks-earns-bull-call-from-bernstein\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/04\/PM2.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/04\/PM2.jpg","width":1600,"height":900,"caption":"Sands China's Parisian Macau. Bernstein is bullish on the operator and its US parent. (Image: CNN)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/las-vegas-sands-stocks-earns-bull-call-from-bernstein\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Financial","item":"https:\/\/www.casino.org\/news\/financial\/"},{"@type":"ListItem","position":3,"name":"Bernstein Bullish on Las Vegas Sands as Q2 Casino Stock Idea"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. 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