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large casino poker tableWhile REITs are spending 12-15x for Gaming rents, LVS has market-leading assets in the most desirable destinations in the world, which we find to be undervalued given the consistent free cash flow (FCF), committed Capex and relationships with local government,” said Beynon in the note.In order, Macau, Singapore and Las Vegas are the biggest drivers of EBITDA and revenue for LVS.5 percent year-over-year decline in gross gaming revenue (GGR) in the second quarter, but the company’s mass market table win surged 5.6 billion proposal is a rather ambitious development for an area not typically robust with tourists or pedestrian foot traffic.The Venetian in Las Vegas, a strong market for Sands in the second quarter.5 percent year-over-year decline in gross gaming revenue (GGR) in the second quarter, but the company’s mass market table win surged 5.directions to the borgata casino