CASINO

Singapore slings Las Vegas Sands share price to 52-week high

TAGs: las vegas sands, Marina Bay Sands, Singapore

Las-Vegas-Sands-Share-HighThe Marina Bay Sands is not just the host site of the Asian Casino & Gaming Congress currently underway in Singapore, it’s also the source of some $4.6M in daily gross gaming revenue flowing into the coffers of its parent Las Vegas Sands. Those monster payoffs helped propel LVS share price to a 52-week high on Tuesday, and has analysts revising their full-year expectations similarly upward.

Add in the ongoing Golden Week holiday driving business to Sands Macau, and things look positively bullish. Historically, Macau has witnessed a 10% drop in business from August to September, but this year’s drop off was a mere 3%. Golden Week, indeed.

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