Why Las Vegas Sands Corp. Shareholders Have Something to Worry About
With 60% of Las Vegas Sands' (NYSE: LVS) revenue coming from Macau, investors should be worried about whether the gambling enclave's results can be sustained. There are a lot of factors weighing against the sustainability, and because Sands is more heavily invested in Macau than many of its rivals are, it has the most to lose from any decline.
Without question, the Macau comeback has been remarkable. Following a 26-month skein where year-over-year gambling revenue headed ever lower, the recovery has since cobbled together 11 straight months of gains. But almost all the easy money has been made, and after July's numbers are reported next month, comparative performance will soon become more difficult to beat.
Image source: Las Vegas Sands.
Source: Fool.com
Wynn Resorts Ltd Stock
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As a result the target price of 116 € shows a very positive potential of 54.3% compared to the current price of 75.18 € for Wynn Resorts Ltd.
