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mgm grand hotel casino tripadvisorThat’s prompting investors to consider assets that perform well against the backdrop of rising rates. Las Vegas Sands (NYSE:LVS) stock fits the bill. LVS’s Venetian Macau, seen above. lucky tiger casino sign upWhile off the high of 1.67 percent touched last week, ten-year Treasury yields are up 22.68 percent over the past three months. Steve Wynn hasn’t been involved in the US gaming industry for more than three years. But 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. online gambling girls

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drake casino mobileBank of America believes the stock can rally as 10-year yields rise. But his surname will likely forever be synonymous with Las Vegas. That’s prompting investors to consider assets that perform well against the backdrop of rising rates. free slot video games for funBut 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.(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. But his surname will likely forever be synonymous with Las Vegas. four winds casino michigan buffet

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888 online casino njLas Vegas Sands (NYSE:LVS) stock fits the bill. 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. Las Vegas Sands (NYSE:LVS) stock fits the bill. LVS’s Venetian Macau, seen above. 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. (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. golden palace casino antwerpen

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