According to Bloomberg News, Galaxy Entertainment and MGM are currently considering opening casino resorts in Thailand and the UAE, to protect themselves.
Las Vegas Sands’ Asian Bet Facing Economic and Political Risks: Expert
As Las Vegas Sands Corp. eyes Macau and Singapore for future growth, an expert warned that this move will likely be entangled with economic and political risks.
The upscale resort and casino company announced on March 3 that it has reached an agreement to sell its Las Vegas real property and operations, including The Venetian Resort Las Vegas and the Sands Expo and Convention Center, for an aggregate sale price of approximately $6.25 billion. Meanwhile, the company plans to continue its business in Asia.
The move marks the company’s growing interest in the Asian market.
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Las Vegas Sands Corp (LVS): Price Now Near $62.3; Daily Chart Shows An Uptrend on 20 Day Basis
The Hourly View for LVS
At the moment, LVS’s price is down $-0.7 (-1.11%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the
clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment meaning the trend across timeframes is inconsistent, indicating a potential