3 Reasons to Be Bullish on Las Vegas Sands Stock

Las Vegas Sands (NYSE: LVS) continues to redirect its attention toward Asia. After the recent sale of its Las Vegas properties, the casino operator now owns six integrated resorts in that area -- one in Singapore and five in the Macao region of China. While business in Singapore remains strong, operations in Macao are still ramping up from the pandemic shutdown.

Here are three reasons to be bullish on this casino stock now.

In the first quarter of 2023, Las Vegas Sands drove $549 million in mass gambling revenue at its Marina Bay Sands resort in Singapore -- a new all-time record for the property. Total Q1 revenue for Marina Bay Sands finished at $848 million. Earnings before interest, taxes, depreciation, and amortization (EBITDA) at Marina Bay hit $394 million for an impressive 226% gain over Q1 2022.

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Source Fool.com