Las Vegas Sands Fighting a Two Front War

On Monday, the Las Vegas Sands Corp. (LVS) slid 2.74% after the Lusa News Agency reported that Macau gaming revenue had increased 31% in May compared to a growth rate of 44% in April. While the gaming company deals with tougher comparables in Macau, it’s also battling slower growth in Las Vegas that actually turned negative back in the fall of 2007.

Some investors have already placed their chips on Las Vegas Sands as the valuation has come down quite a bit, and with a long-term frame in mind, it makes sense, as there’s no questioning future growth prospects that look bright as the company continues to build a foothold in many new markets. However, fighting a two front war in both the U.S., which faces a recessionary-like environment, and China, which faces economically uncertain times, is never a good thing.

Short term, the stock is likely to remain trading range bound more than anything else is.

Related Articles:

• May 6, 2008: The Great Casino Sector Debate: Las Vegas Sands vs. Wynn Resorts
• March 22, 2008: Las Vegas Sands in Search of Share Price Stabilization

Comments

[stacked up]

A brief, nothing of an article ...Used as filler for some empty space that needed to be filled in .
How very uninteresting, uninformative, and useless.
Those 3 prerequisites apparently meet the Alpha article requirements for publication ..Very high standards indeed !