Is Las Vegas Sands Running Out of Steam or Taking a Breather?

Is Las Vegas Sands Running Out of Steam or Taking a Breather?

Shares of Las Vegas Sands (NYSE: LVS) rallied nearly 20% this year, but the stock seemingly stalled out after hitting a multiyear high of $66 in mid-June. Is the casino giant running out of steam, or is it merely taking a breather? Let's examine the bear and bull cases to decide.

Las Vegas Sands faces a lot of challenges in Macau, which generates over half of its adjusted EBITDA. Gaming revenues in Macau rose annually for the 11th straight month in June, but its 26% growth missed analyst expectations for 30% growth.

Macau, China. Image source: Getty Images.

Continue reading

Source: Fool.com