Japan's Upper House To OK Casinos Imminently; Las Vegas Sands Ready To Move On News

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About: Las Vegas Sands Corp. (LVS)
by: Howard Jay Klein
This article is exclusive for subscribers.
Howard Jay Klein
Gaming, special situations, long/short equity, momentum
Summary

Down 9% off the pre-tariff war high, LVS will now resume its steady rise on fundamentals and progress in Japan.

LVS should have pole position for one of the three licenses to be issued by mid 2019, according to our sources in Tokyo.

Short term move to $85 seems reachable before Q3 and then on to our PT of $100 by 2Q19 or before.

Slow and steady wins the race.
—Aesop

Some stocks in this sector historically are a species of flying fish: they emerge, skyrocket in huge leaps, then submerge quickly, only to leap up again spurred by