Chief Investment Officer Montague Guild of Guild Investment Management says that Las Vegas Sands Corp. (LVS) is profiting well from its facilities in Singapore and Macau, and he is expecting the company’s next big opportunity to come from the Japanese gaming market.
“Two parts of the world where gambling is very popular are in China and in Singapore,” Guild said. “About a year or so ago, [Las Vegas Sands] inaugurated their casino in Singapore, which has been booming. It took an initial leap up, and now it’s sideways there, but the Singapore market is a very good market for them as many tourists from China and other parts of Asia come to Singapore to gamble and to enjoy the Singaporean environment.”
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Additionally, Las Vegas Sands is expanding its facilities in Macau, where it has seen significant profits, Guild says. He is looking forward to the company’s future potential in entering the gaming market in Japan once it is authorized.
“The next big boom for them will come in Japan, when later this year or early next year Japan authorizes gaming, and when that takes place Las Vegas Sands has a chance to expand into Japan. Las Vegas Sands is a well-run company; it is courageous and willing to go into new markets,” Guild said.
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