Adelson, Las Vegas Sands Cash In On Singapore’s Recovery

Forbes – While the casino companies have been riding high on the success in Macau, Singapore remains a key market for Las Vegas Sands. (Read – Las Vegas Sands Revised Estimates And Outlook) According to our estimates, Singapore operations contribute more than 20% to Las Vegas Sands’ value making it far more valuable than the company’s U.S. operations. Singapore’s economy has been struggling in the past few years, but it has shown signs of recovering in 2013, and this is aiding Las Vegas Sand’s overall growth. While the recent recovery will boost the revenues in the near term, we believe…