Las Vegas Sands......beobachten
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Shares of Las Vegas Sands have spiked intraday on no news.
The stock most recently traded at $7.27, up more than 16% from yesterday's closing price.
Prior to 1pm ET, Las Vegas Sands was up just 6%, but at about 1:30, the stock began jumping, gaining another 10% in less than a half hour on heavy volume.
Las Vegas Sands Corp. and its subsidiaries develop multi use integrated resorts worldwide.
MFG
Chali
Wednesday February 25, 2:47 pm ET
Company Plans to Continue Providing Ferry Service During Appeal Process
MACAO, Special Administrative Region of the People's Republic of China, Feb. 25 /PRNewswire-FirstCall/ -- Las Vegas Sands Corp. (NYSE: LVS - News) announced today, following a ruling by Macau's Court of Second Instance challenging the company's Cotai Strip CotaiJet (TM) ferry concession, that it plans to appeal the decision to Macau's Court of Final Appeal. The company intends to file an appeal within the next week, and expects to continue to operate its ferry service until a decision on the appeal is rendered or the matter is otherwise resolved.
Las Vegas Sands Corp. stated that both the company and the Government of Macau are parties to the recent lower court ruling, and as parties to the ruling, each has the ability to appeal the case. Upon appeal, the lower court ruling will be immediately suspended until a decision is rendered by the Macau Court of Final Appeal. The basis of the legal challenge to the granting of the ferry concession is that all concessions related to the provision of public services must be awarded through a public tender process.
Mr. Sheldon G. Adelson, chairman and CEO stated, "We believe the Macau authorities are committed to finding a solution that, in the event the lower court ruling is not reversed, would ensure that CotaiJet ferry operations are not suspended and that the public interest is protected."
Mfg
Chali
Last update: 6:00 a.m. EST Feb. 27, 2009
LAS VEGAS, Feb 27, 2009 /PRNewswire-FirstCall via COMTEX/ -- Las Vegas Sands Corp. (LVS:las vegas sands corp com
LVS 2.85, +0.69, +31.9%) said today that it plans to use an informal meeting with the Singapore Tourism Board on Friday in Las Vegas to reaffirm its commitment to Singapore and the completion of the Marina Bay Sands integrated resort.
"Our commitment to the people of Singapore and the Marina Bay Sands, which we believe is destined to be one of the world's truly iconic buildings, has never wavered and we are greatly looking forward to opening its doors for the world to see," said Chief Executive Officer Sheldon G. Adelson. "In addition, and contrary to recent articles in the press, no significant changes have been made to our construction budget and considering how far along we are in the construction process, and the fact that the price of building materials have continued to decrease, we do not foresee any circumstances in which our construction costs would materially increase moving forward."
Statements in this press release, which are not historical facts, are "forward looking" statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the Company's control, which may cause material differences in actual results, performance or other expectations. These factors include, but are not limited to general economic conditions, competition, new ventures, government regulation, legalization of gaming, interest rates, future terrorist acts, insurance, and other factors detailed in the reports filed by Las Vegas Sands Corp. with the Securities and Exchange Commission.
ABOUT LAS VEGAS SANDS CORP.
Las Vegas Sands Corp. (LVS:las vegas sands corp com
is the leading international developer of multi-use integrated resorts.
The Las Vegas, Nevada-based company owns and operates The Venetian Resort-Hotel-Casino, The Palazzo Resort-Hotel-Casino, and the Sands Expo and Convention Center in Las Vegas and The Venetian Macao Resort-Hotel and the Sands Macao in the People's Republic of China (PRC) Special Administrative Region of Macao. The company also owns the Four Seasons Hotel Macao and is constructing two additional integrated resorts: Sands Casino Resort Bethlehem(TM) in Eastern Pennsylvania; and Marina Bay Sands(TM) in Singapore.
LVS is also creating the Cotai Strip(R), a master-planned development of resort-casino properties in Macao. At completion, the Cotai Strip will feature approximately 21,000 rooms from world-renowned hotel brands such as St. Regis, Sheraton, Shangri-La, Traders, Hilton, Conrad, Fairmont, Raffles, Holiday Inn, and InterContinental.
Contacts:
Investment Community: Daniel Briggs (702) 414-1221
Media: Ron Reese (702) 414-3607
SOURCE Las Vegas Sands Corp.
Copyright (C) 2009 PR Newswire. All rights reserved
OptionMonster's tracking systems show one block of 37,478 calls bought at the June 7.5 strike for 25 cents Monday against open interest of 2,139. The average volume for the last month is 14,953 contracts.
Shares of Las Vegas Sands ended Monday's session down nearly 4% at $2.19, just above the low of $2.13 set last Wednesday. This stock was above $80 a year ago and near $60 in August.
The shares will need to increase more than 200% for the calls to be profitable at expiration.
http://www.thestreet.com/story/10467259/1/...-bet.html?cm_ven=GOOGLEN
Wenn die Wirtschaft bergauf geht, dann geht es den Casinos auch wieder besser und das wird sich auf den Kurs ausschlagen, weil wenn pro Tag in New York über 20 Mio. gehandelt werden, wird der Kurs die nächsten Jahre nicht bei 2 euro bleiben.