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Understanding market caps of casino cos

Discussion in 'Casino Industry & Development' started by szeszetop, Aug 7, 2014.

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  1. szeszetop

    szeszetop Tourist

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    Does anyone understand the market caps of the following big four casinos? approx as of recent close

    LVS 50B
    MGM 12B
    WYNN 19B
    CZR 2B

    I guess some of it makes perfect sense CZR has heavy debt, Wynn has a decent balance sheet and is factoring macau growth and some possible east coast, MGM is climbing out of 08-09, City Center and is mostly a vegas only company. But what about LVS why is it more than the other three combined is all due to macau growth and market share?

    I know i left of mpel and byd here.
     
  2. UTE

    UTE Plastics

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    Equity value.

    Bill
     
  3. seviay

    seviay High-Roller

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    As I understand it, LVS has been absolutely killing it in Macau, so that is likely the source of the disparity.
     
  4. szeszetop

    szeszetop Tourist

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    True but why is LVS so high?
     
  5. Gargamel

    Gargamel Low-Roller

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    Marina Bay Sands in Singapore may be part of it, and I think 3 properties in Macau against 2 for Wynn. I think LVS has a place in Pennsylvania too. I think the LVS revenue is almost triple the Wynn.
     
  6. szeszetop

    szeszetop Tourist

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    Lol then why the first to go 6/5 blackjack -:)
     
  7. Ty

    Ty ?

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    2013 Net Income
    LVS $2.3 billion
    MGM ($156 million)
    WYNN $709 million
    CZR ($2.9 billion)
     
    Christmas Trip. Sam's Town & MSS
  8. szeszetop

    szeszetop Tourist

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    good point but amazons market cap is 150 B and they have a negative net income. thought casinos traded a little more speculative like tech but i guess not. thanks
     
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