I'm being pretty bold this week, Las Vegas Sands, (ticker symbol LVS) has been just hammered lately. I've been reading reports that a big volume of April calls have been being purchased at substantial volume. Normally I would stray away from crazy Las Vegas, Macao, Riverboat, etc. but I became compelled to trade this stock because of the technical side of option calls. Now I love Vegas and I like gambling but I'm obsessed with the Venetian. I mean that place has got everything, art galleries, Banana Republic, a freaking awesome club, and a few years ago was ranked the #1 spot for bachelorette parties to stay at. What a combo...it's like a #3 at Jack in the Box large sized...hmmm...Jack in the Box...oh...sorry....okay so Las Vegas Sands. So why did I pick this stock?
Well out of all the layers involved in Vegas Casinos, Las Vegas Sands is still building...and is on schedule? Huh, a Las Vegas Casino building on schedule in where? Singapore...yes, pictured above is the brand new Las Vegas Sands Singapore casino. The concept for this casino was is supposed to resemble a stack of cards, anyway, it's almost done and is slated to be done by August of 2008 this monster is going to have 1,000 gaming tables along with 1,400 slots. Three 55 story towers are going to be hovered on the Bay and the hotels will open this summer. The actual casino will be slated to open early 2010, now there was a report that tourism was down 15% in Singapore but that's okay and expected. What we're banking on is the completion of the project which is good for both Singapore and LVS. 75% of the labor are locals which was an agreement with the government.
So next time you're in Vegas you gotta lose your money at the Venetian or shoot stroll on over to the Palazzo. please!!!
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