2024.07.17
island resort and casino mabageLVS’s Venetian Macau, seen above. That prompted some analysts to say management should unleash a big buyback program to restore shareholder confidence and show investors the stock is undervalued.Inflation Might Not Be a ProblemThe combination of hot inflation and rising interest rates is often toxic for equities. It’s the only gaming equity in the group.Waiting on LVS Stock to BenefitAmid the recent spike in 10-year yields, LVS isn’t proving too responsive, gaining just 1.65 percent over the past three months.That’s likely a symptom of a sluggish recovery in Macau – the company’s largest market. no deposit bonus codes yebo casinog exec said the large population in the metro area — approximately 20 million people, the largest in the US — would allow several resorts to be profitable.How many casinos do you have lined up here?” Allen asked while being interviewed by the AP in Atlantic City. LVS’s Venetian Macau, seen above. But his surname will likely forever be synonymous with Las Vegas. big fish casino gold use foxwoods resort casino hotel phone numbercache creek casino covid 19But market observers and the operators themselves appear comfortable saying licenses will be renewed.The prevailing wisdom among many in the investment community is that Macau’s gaming industry, while the largest in the world, is of little consequence in the broader scheme of hostilities between the world’s two largest economies. It’s the only gaming equity in the group.Waiting on LVS Stock to BenefitAmid the recent spike in 10-year yields, LVS isn’t proving too responsive, gaining just 1.65 percent over the past three months.That’s likely a symptom of a sluggish recovery in Macau – the company’s largest market. That prompted some analysts to say management should unleash a big buyback program to restore shareholder confidence and show investors the stock is undervalued.Inflation Might Not Be a ProblemThe combination of hot inflation and rising interest rates is often toxic for equities. 0 deposit casino bonusThat’s prompting investors to consider assets that perform well against the backdrop of rising rates. While off the high of 1.67 percent touched last week, ten-year Treasury yields are up 22.68 percent over the past three months. (Image: Joe Cavaretta/AP)The gaming equity’s penchant for sturdiness as 10-year yields rise is worth remembering, because Bank of America strategists are forecasting a jump to two percent for those bond yields by the end of 2022. paragon casino marksville phone number mgm grand casino springfield mabonline slots real money virginiaBut his surname will likely forever be synonymous with Las Vegas. The Wynn Redoubledown casino vegassorts founder and former chairman and CEO has been trying to sell the mansion for more than a year. But the broader market isn’t being hampered by that scenario this year.As higher readings of the Consumer Price Index (CPI) pertain to gaming equities, including LVS, conventional wisdom is that consumer discretionary — the sector where casino stocks reside — is among the groups most vulnerable to soaring inflation.As the script goes, higher energy costs and reduced purchasing power due to higher prices in general eat away at nonessential consumer spending,” according to Charles Schwab research.Sands might be able to contend with persistent inflation for a simple reason: The CPI is a domestic gauge and the company currently has no operations in the US.That’s prompting investors to consider assets that perform well against the backdrop of rising rates. Las Vegas Sands (NYSE:LVS) stock fits the bill. That’s after career-ending accusations regarding his alleged inappropriate behavior with female employees came to light. play free slots online casino three card poker |