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Adelson Bids for Asia Dominance With $4 Billion Macau Casino
CNBC.com | April 11, 2012 | 01:44 AM EDT

“All the indicators to date have suggested Macau is very strong on both the VIP and the mass side, but we are more excited about what’s going on in the mass market and the growth potential there which is why you are seeing Sands China open a resort with over 6,000 hotel rooms,” Goversten said.

Is it Time to Invest in LVS?

Mollman is upbeat on prospects for parent company Las Vegas Sands, which derives 85 percent of its sales from Asia,“Sands has strong growth prospects in Asia and competitive position in key markets,” he said, adding that there is also a lot of growth potential for its hotel Marina Bay Sands located in Singapore.

Share of Las Vegas Sands have risen over 35 percent since the start of the year. Overnight Invest Bank JP Morgan raised Las Vegas Sands price target to $66 from $61 with an overweight rating. The stock closed Tuesday in New York at $58.40.

Govertsen, meanwhile, is upbeat on shares of subsidiary Sands China, which have gained over 30 percent since the start of 2012.

“We like Sands China, as the company has built the perfect mousetrap with its collection of assets in Macau. No other operator will have as many wholly-owned gaming positions or hotel rooms than Sands,” Govertsen said.

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