Las Vegas Sands (LVS) will report earnings tonight after the close. There is a conference calls scheduled for 16:30 ET.
Q1 Capital IQ consensus calls for EPS of ($0.12) vs $0.91 last year on revenues of $1.655 bln (-54% yr/yr).
Casinos have been in the crosshairs of the COVID-19 pandemic Las Vegas casinos remain closed. In addition, Macau locations were closed during a portion of the first quarter.
LVS gets 65% of its revenue of Macau,
Based on the weekly LVS Apr24 $41 straddle, the options market is currently pricing in a move of ~11% in either direction by weekly expiration (Friday).
Las Vegas mayor Carolyn Goodman on CNN interview says she wants the casinos and hotels open in her city
Note: The Las Vegas Strip is in unincorporated Clark county, which is out of Ms. Goodman's justification.
Related stocks: LVS, MGM, WYNN, CZR
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