DALLAS, Sept. 11, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring hotel and casino company Las Vegas Sands Corp. (NYSE:LVS). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision. The investment report on Las Vegas Sands Corp. (NYSE:LVS) should be of particular interest to other hotel and casino companies: Boyd Gaming Corp. (NYSE:BYD), MGM Mirage (NYSE:MGM) and Isle of Capri Casinos Inc. (Nasdaq:ISLE).
It is available at: http://www.beaconequity.com/i/LVS
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Las Vegas Sands Corp. (LVS) operates casino properties in the United States and Macau, China. The U.S. properties include The Venetian Resort Hotel Casino and the Sands Casino Resort Bethlehem. The Macao properties include Sands Macao, The Venetian Macao Resort Hotel, and The Four Seasons Hotel Macao.
In the report, the analyst notes:
"For at least four quarters, LVS has embarked on a cost-cutting and efficiency measures in an effort to right-size its casinos in Las Vegas and Macao in response to declining revenue from all segments of its business. The Company has increased its cost-cutting goal to more than $500 million in annually savings. In the Company's latest conference call, management intends to seek further efficiency measures and cuts beyond the $500 million goal set earlier in the year.
"The Company's plan to complete development at its Singapore and Bethlehem properties is on schedule. The Bethlehem property successfully opened on May 22, and the Singapore property development and pre-opening activities are still on target for the grand opening anticipated during the first quarter of 2010."
To read the entire report visit: http://www.beaconequity.com/i/LVS
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