Stock Wars: Las Vegas Sands Vs. MGM Resorts
By Editor - Wed Sep 16, 9:58 am
Las Vegas Sands Corp (NYSE: LVS) and MGM Resorts International (NYSE: MGM) are two of the world's largest casino operators. Each has taken a different route and growth strategy for its business. Here's a look at how the two stack up in a battle we call Stock Wars.About Las Vegas Sands: Las Vegas Sands started in 1990 with a single property. The company now operates across three main regions: Las Vegas, Macau and Singapore.Las Vegas Sands is now the largest casino company in the world and has well-known brands like Venetian, Palazzo, Marina Bay and Sands.About MGM Resorts: MGM operates through three main companies: MGM Resorts, MGM China and MGM Growth Properties (NYSE: MGP). The company has a presence in Las Vegas and also throughout other regions of the United States.MGM Resorts operates over 31,000 rooms in Las Vegas. MGM Growth Properties was spun out in 2016 as a REIT and now owns 12 casinos and resorts that MGM operates.Macau: Las Vegas Sands owns 70% of Sands China.In Macau, Las Vegas Sands is the clear leader in the number of hotel rooms, with more than 12,000.Las Vegas Sands has 49% of the four- and five-star hotel rooms in the region. The company heavily beat second-place company Galaxy Entertainment, which has 16% of the upper-end rooms.
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