Las Vegas Sands Corp., together with its subsidiaries, owns, develops, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, The Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, and The Sands Macao in Macao, the People's Republic of China; and Marina Bay Sands in Singapore. The company's …
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Competitive advantage assessment
Key strengths
Cost Leadership PositionOperating margin at 94.1th percentile with strong OpEx control demonstrates cost leadership.
Strong Interest Coverage & Conservative LeverageDebt serviceability is strong (score 0.85), with robust interest coverage.
Key risks
Revenue Volatility Signals Weak StickinessRevenue volatility is high (stability score 0.35), suggesting weak customer stickiness.
Volatile Margins Suggest CyclicalityMargin volatility is high (stability score 0.24), suggesting cyclical exposure or competitive pressure.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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Las Vegas Sands Corp. ranks #3 of 18
scored companies in Resorts & Casinos by moat score — the top 17%.
The widest moat in the group is Monarch Casino & Resort, Inc. (MCRI)
at 83/100.
Moat scores for companies ranked near LVS in Resorts & Casinos
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 97
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 58
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 67
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 77
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 80
· 15% of the moat score
Scale matters only when it converts into economics.
Las Vegas Sands Corp. (LVS) scores 68 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #3 of 18 scored companies in Resorts & Casinos, the top 17%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 17 companies in Resorts & Casinos. Its strongest defense is Cost Advantage (97/100) and its weakest is Pricing Power (48/100).
How does Las Vegas Sands Corp. compare with other Resorts & Casinos companies?
Las Vegas Sands Corp. ranks #3 of 18 scored companies in Resorts & Casinos by moat score. The widest moat in Resorts & Casinos is Monarch Casino & Resort, Inc. (MCRI) at 83/100. The companies ranked closest are Red Rock Resorts, Inc. (RRR) at 75 just above it and Boyd Gaming Corporation (BYD) at 65 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 17 companies in Resorts & Casinos. The defenses are then weighted to produce the overall score out of 100.
Why is Las Vegas Sands Corp. scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Las Vegas Sands Corp.?
The Corporate Default template measures 6 defenses, and LVS scores: Pricing Power (48), Cost Advantage (97), Customer Stickiness (58), Capital Efficiency (67), Resilience (77), Scale & Market Position (80). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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