2024.07.19
luckyland casino official siteLas Vegas Sands (NYSE:LVS) stock fits the bill. The Wynn Reis chukchansi casino pet friendlysorts 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.chukchansi casino hotel reservationsThat 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. Sands China runs five integrated resorts in the world’s biggest gaming center. That makes it vulnerable to recent speculation that authorities there are looking to implement tighter controls over the casino industry.Shares of US-based Macau operators, including Sands, have also been hampered by speculation that those companies could be ensnared in the geopolitical tensions between the US and China. big fish casino download free wild horse pab casino reviewsblackjack casino machineThe now 79-year-old has largely led a private life since, but the billionaire is seeking to unload some of his real estate assets.Wynn hasn’t been nearly as succeBank of America believes the stock can rally as 10-year yields rise. They claim that Beijing has no intention of leveraging casinos as a show of aggreis chukchansi casino pet friendlyssion toward the US.Add it all up, and despite a prior spike in Treasury yields that lasted well into the second quarter, LVS stock is lower by 32.38 percent year-to-date. hard rock lake tahoe resort casinoLVS’s Venetian Macau, seen above. The now 79-year-old has largely led a private life since, but the billionaire is seeking to unload some of his real estate assets.Wynn hasn’t been nearly as succeThe Summerlin estate owned by Steve Wynn is seen with the Las Vegas Strip in the background. borgata casino credit caesar casino buffetjamul casino yelpHowever, now the man worth an estimated .3 billion is seeking to permanently uproot his Sin City footing. Bank of America believes the stock can rally as 10-year yields rise. 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. That’s prompting investors to consider assets that perform well against the backdrop of rising rates. Steve Wynn hasn’t been involved in the US gaming industry for more than three years. That makes it vulnerable to recent speculation that authorities there are looking to implement tighter controls over the casino industry.Shares of US-based Macau operators, including Sands, have also been hampered by speculation that those companies could be ensnared in the geopolitical tensions between the US and China. riverwind casino addreb tachi palace casino logo |