Why 2017 Was a Year to Forget for Las Vegas Sands Corp.
2017 was a great year for the gaming industry overall, driven by a 19.5% jump in Macau's gaming revenue through the first 11 months of the year. You might think that Las Vegas Sands (NYSE: LVS) was a huge beneficiary of the increase in gaming because it has the largest market share in Macau. But that would be wrong.
This was the year when Las Vegas Sands began losing market share to competitors like Wynn Resorts (NASDAQ: WYNN), Melco Resorts (NASDAQ: MLCO), and MGM Resorts (NYSE: MGM) -- and investors should be worried that the losses will continue.
Image source: Las Vegas Sands.
Source: Fool.com
Las Vegas Sands Corp. Stock
€39.34
1.750%
Las Vegas Sands Corp. is currently one of the favorites of our community with 19 Buy predictions and no Sell predictions.
With a target price of 57 € there is a positive potential of 44.89% for Las Vegas Sands Corp. compared to the current price of 39.34 €.
