Las Vegas Sands (LVS) Stock: Why Its Trending Today

Related

Yogonet

Macau casinos see worst year on record after gaming revenue drops 51% in 2022

Macau casinos have posted their worst year since 2004 as China's strict Covid Zero policies wrought havoc on the gambling hub. The Gaming Inspection and Coordination Bureau said Sunday that gross gaming revenue in December fell 56% from a year earlier to 3.48 billion patacas ($433 million), slightly below the median estimate of a 57% decline.…

Finance ・ 04 January 2023

Business Live

Casino stocks jump as Macau gets ready to welcome back Chinese tour groups

Macau casino stocks surged the most in six months on Monday after the city announced plans to welcome back tour groups from mainland China as soon as November, a breakthrough for the gaming hub's Covid-19-hammered, tourism-dependent economy. Wynn Resorts soared as much 15% on Monday to $68.89 in New York, the biggest intraday gain since November.…

Finance ・ 26 September 2022

Yogonet

Macau's casino losses exceed $2B mark in H1 as they await bidding process; recovery not expected until 2023

The struggle for Macau's casinos seems far from over. Macau's 41 casino operators reported half-year losses of $2 billion, and total gaming revenue came in at $3.3 billion. The latest numbers come as the city struggles to recover from its largest Covid outbreak, which saw the lock-down of casinos for two weeks, and as virus restrictions from the…

Covid ・ 24 August 2022

Urban Matter

How Online Gambling Became One of the Biggest Entertainment Industries in the World

There is no doubt about it. Online gambling has grown exponentially during the last few years, making it one of the biggest entertainment industries of our day. But how did online gambling become mainstream entertainment? There was a time when gambling was limited to the casinos. Gambling was a party activity that people did during the weekends.…

Covid ・ 05 August 2022

Wild Casino

$5,000 Welcome Bonus

Deposit bonuses are optional and must be requested by the player when making a deposit. For example, use Promo Code WILD1 to a 100% Casino bonus. Your bonus request will be assessed and, if your account is eligible for the bonus, it will be added to your account immediately.

Casino City Times

This Week in Gambling: Las Vegas losing millions to Macau COVID lockdown

This week's gambling news comes from Las Vegas via Macau, China, which has been shut down for two weeks due to the latest coronavirus outbreak. Our Macau lockdown update finds this new surge of COVID-19 could cost Macau billions, and is already costing Las Vegas gaming companies like MGM Resorts, Wynn Resorts, and Las Vegas Sands millions. As the…

Covid ・ 28 July 2022

The Nevada Independent

Singapore resort keeps Las Vegas Sands afloat as Macau continues to crater

For the near term, Las Vegas Sands is a single casino company. Sands sold its Las Vegas holdings in February and its Macau casinos are operating at roughly 50 percent following a two-week shutdown tied to increased COVID-19 infections. The company relies on the Marina Bay Sands in Singapore for the majority of its revenue and cash flow. Last week,…

Covid ・ 27 July 2022

Gambling News

Macau’s Casinos & Malls, Long Recovery Road Ahead After Grand Reopening

Following the end of the most recent anti-pandemic restrictions imposed on non-essential businesses in Macau at the beginning of the month, the territory's casinos and malls are ready to receive customers once again. Unfortunately, limitations and restrictions still exist and the venues resemble ghost towns. Home to more than a dozen worldwide…

Travel ・ 25 July 2022

Casino City Times

COVID devastates Macau casinos

You know you are in deep trouble when one of the leading newsletters in your industry discusses the "silver lining" in being shut down: "Macau Casino Closures Provide Some Relief from Cash Burn." Asia Gaming Brief Macau casinos have so few gamblers, in fact, so little revenue of any kind, that the government finally ordering them completely closed…

Covid ・ 21 July 2022

RELATED LOCATION

Country

USA

State

Nevada

City

Las Vegas, USA

The Street

Las Vegas Casinos Should See Bump From Macau Reopening

Macau has been in dire straits for more than the past week. Earlier this month, the Chinese government announced that it would close all casinos in Macau starting July 11 as the region battles a covid-19 outbreak that infected nearly 1500 people over a three week period in the city of 680000. During previous outbreaks, the Chinese government had…

Land-based ・ 21 July 2022

Pulse 2.0

Las Vegas Sands (LVS) Stock: Why It Increased Over 3% Today

The stock price of Las Vegas Sands Corp. (NYSE: LVS) increased by over 3% during intraday trading today. Investors are responding positively to reports that Macau could reopen on July 23. According to MacauBusiness, authorities revealed information about the partial lockdown easing period that will start on that date with some businesses, public…

Covid ・ 20 July 2022

New Jersey Online Gambling

Macau Casinos Get $1.5 Billion in Loans from Wynn and LVS

Two Macau casinos received large loans from their US parent companies, helping them weather the latest COVID shutdown. Although, it may be US gamblers and shareholders who pay the price in the end. Last month, Wynn Resorts provided a $500 million revolving loan to Wynn Macau. Meanwhile, Las Vegas Sands loaned Sands China $1 billion. The US casino…

Gaming Authorities ・ 17 July 2022

Money Control

Casino firm Genting Singapore draws takeover interest

Genting Singapore Ltd., one of the city-state's two casino operators, is attracting takeover interest as tourists start coming back to the Asian travel hub, people with knowledge of the matter said. While thoUS rival MGM Resorts International recently approached the firm's controlling shareholder, the billionaire Lim family, to express its interest…

Covid ・ 15 July 2022

RELATED CATEGORIES

Category

Covid

Category

Finance

NZ Herald

Macau casinos close as Covid and licensing review add to tourism woes

The Las Vegas of Asia has been dealt a tough hand this week. The Chinese SAR Macau was forced to close all casinos for the first time since the outbreak of the pandemic and there are growing pressures on premises to diversify away from gaming. 19000 people have been put under quarantine in the city state with the Macanese Government Information…

Covid ・ 12 July 2022

Markets Insider

Macau Lockdown Slashes Targets For Las Vegas Sands, MGM, Wynn

Gambling stocks traded sharply lower on Monday morning as Macau casinos shut down for a week. In response, one Wall Street analyst cut his price targets for U.S.-listed casino stocks with exposure to Macau. The Analyst: Bank of America analyst Shaun Kelley issued the following price target cuts on Monday: Las Vegas Sands Corp. (NYSE: LVS),…

Covid ・ 12 July 2022

The Street

Las Vegas Strip Casino Leaders Take Unexpected Covid Hit

Covid crushed the travel business and few cities took a bigger hit than Las Vegas. Under orders from Nevada Gov. Steve Sisolak (D), the city's casinos, hotels and restaurants closed for roughly two months in the early days of the pandemic. The reopening of Sin City was a slow process, with the two biggest Las Vegas Strip players -- Caesars…

Covid ・ 11 July 2022

Forbes

Hong Kong Casino Stocks Slide As Macau Clamps Down On Covid Spread With Fresh Lockdown

Major Hong Kong-listed gambling stocks slumped heavily on Monday after the city of Macau shut down all of its casinos and ordered its residents to stay at home for a week, as local officials attempt to halt an ongoing Covid outbreak and closely align the city's pandemic measures with mainland China's zero-Covid policy. In afternoon trading on…

Covid ・ 11 July 2022

Taipei Times

COVID-19: Stocks in Macau casinos fall as virus restrictions kick in

Macau casino stocks yesterday slumped as the Chinese gaming hub battled a COVID-19 outbreak, which has prompted tightened social distancing restrictions and mass testing. The sector has been hammered by the COVID-19 pandemic, with vital tourism revenues wiped out by some of the world's harshest measures to tackle the virus - including tough border…

Covid ・ 20 June 2022

Seeking Alpha

Macau rocked by local COVID cases which threaten casino traffic

Macau casino stocks fell in Hong Kong after the gambling region saw its first COVID-19 outbreak in eight months. The city reported 21 preliminary-positive cases in the local community as of Sunday evening. Schools and non-essential businesses were shut down until at least Tuesday to allow time for mass testing of all residents. Arrivals to Macau…

Covid ・ 20 June 2022

Reuters

Macau shuts most businesses amid COVID outbreak, casinos stay open

HONG KONG, June 20 (Reuters) - The world's biggest gambling hub Macau began its second day of mass COVID-19 testing on Monday after dozens of locally transmitted cases were discovered over the weekend, with most businesses shut but casinos remaining open. The testing of Macau's roughly 600000 residents is expected to end on Tuesday as the…

Covid ・ 20 June 2022

TipRanks

Las Vegas Sands Betting On Lifted Restrictions

Las Vegas Sands (LVS) shares have been dragged down from China and Singapore imposing lockdowns and restrictions on mobility to limit the resurgence of COVID-19, and therefore are down about 8% thus far this year. I am bullish on this stock. But as the current wave of COVID-19 is waning, yet again, investor visibility into the future for the…

Covid ・ 06 June 2022

The Motley Fool

Success Returns at Different Speeds in Las Vegas, Macau

You're reading a free article with opinions that may differ from The Motley Fool's Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More As any veteran gambler knows, sometimes you win, and sometimes you lose. For the two…

Baccarat ・ 02 June 2022

ABC Australian Broadcasting Corporation

Macau used to be China's 'good kid', but as Beijing turns on its gambling industry, everything might change

Unlike Hong Kong, Macau has long been nicknamed "the good kid" by Beijing. It was a playground for high rollers from the mainland, who turned this semi-autonomous port city into the world's richest gambling hub. Macau lived under the same "one country, two systems" political model as Hong Kong, just 62 kilometres away, allowing it to also operate a…

Industry ・ 21 January 2022

Gambling Insider

Macau casino revenues under threat as junket-operated VIP rooms to close

Several casinos in Macau have reported they are to close VIP rooms run by junket operators, in news that will come as a blow to the local gambling industry. Wynn Macau, an operator with two casinos in Macau, and Melco Resorts & Entertainment, which owns three, have announced their intention to close these VIP rooms by the end of December. The news,…

Finance ・ 07 December 2021

Zacks

Betting on a Las Vegas Comeback

One of my favorite places in the world is Las Vegas. The lights, the casinos, the action and just the overall atmosphere make this city an annual destination for me. However, Las Vegas was shut down for over a year due to COVID-19 restrictions. We couldn't visit most of the places we love at the height of the pandemic. Even when things opened up a…

Sports ・ 25 June 2021

Card Player

Macau Casinos Win Just $49 Million From Gamblers In July

Macau casinos collectively just had their worst month ever on the books. According to figures from the local government in the special administrative region of China, Macau casino win was $49 million in July, the worst performance ever over a single month. Macau began casino gambling reporting in 2009. The $49 million haul in July was down 98%…

Covid ・ 11 August 2022