Australian Mercantile Collections

Las Vegas Sands’ (LVS) Macao Business to Aid Amid High Debt

Las Vegas Sands’ (LVS) Macao Business to Aid Amid High Debt

Las Vegas Sands Corp. LVS is likely to benefit from the impressive recovery in travel and tourism demand in Macao and Singapore. Also, the company’s next phase of capital investment at Marina Bay Sands bodes well for its prospects.

Las Vegas Sands witnessed an impressive recovery in Macao in the first quarter of 2024. During the quarter, the company reported significant growth in property visitation, gaming volumes, retail sales and hotel occupancy in the Macao region.

This Zacks Rank #3…

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