Las Vegas Sands Is Losing Its Grip on Macau's Gambling Market
Las Vegas Sands (NYSE: LVS) reported another big quarter this week, dominated by the company's resorts in Asia. It's not a surprise the company grew, given Macau's gambling revenue growth and the opening of The Parisian last fall. What this quarter gave us a look at is where growth is concentrated and how the company's resorts are holding up against increased competition.
Luck is always a factor in the gambling industry as well. So results should be compared on an apples-to-apples basis against a year ago and what the rest of the market is doing.
Image source: Las Vegas Sands.
Source: Fool.com