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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