{"id":178579,"date":"2021-07-05T00:01:23","date_gmt":"2021-07-05T07:01:23","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=178579"},"modified":"2021-07-05T08:36:45","modified_gmt":"2021-07-05T15:36:45","slug":"lvs-stock-could-reward-patient-investors-when-macau-rebounds","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/lvs-stock-could-reward-patient-investors-when-macau-rebounds\/","title":{"rendered":"Las Vegas Sands Still Preferred Way to Play Macau Rebound"},"content":{"rendered":"

Las Vegas is abuzz with activity again, and regional casinos have long since shaken off the effects of the coronavirus pandemic. But Macau is lagging, pressuring some of the largest gaming equities in the process.<\/p>\n

\"LVS
The Parisian Macau. An analyst believes LVS stock can bounce back. (Image: Getty Images)<\/figcaption><\/figure>\n

Down 11 percent year-to-date, Las Vegas Sands (NYSE:LVS) is part of that group, and with the world’s largest gaming center coming off a month-over-month gross gaming revenue (GGR) decline of 37 percent in June — the worst monthly showing this year<\/a> — it’d be reasonable to expect some analysts would advise avoiding Macau-centric stocks, particularly against the backdrops of lingering travel restrictions and a recent uptick of coronavirus cases in mainland China.<\/p>\n

Given the uncertainty around the market over the next couple of months, we believe it makes sense to become more conservative with our estimates,\u201d said Stifel analyst Steven Wieczynski in a recent note. \u201cFor the most part, our Macau estimates are being lowered to account for higher virus case counts and delays around easing of travel rules between Hong Kong and Macau, as well as other areas inside of Mainland China.\u201d<\/span><\/p><\/blockquote>\n

The analyst remains enthusiastic on LVS stock on a long-term basis. He also notes that there’s near-term potential with the name, because Macau visitation patterns surge when travel restrictions and health protocols were previously eased.<\/span><\/p>\n

LVS Stock Could Use Macau Rebound<\/span><\/h2>\n

Sands runs five integrated resorts in the special administrative region (SAR), making it the largest operator there and emphasizing the importance of Macau to the company’s top and bottom lines.<\/span><\/p>\n

\n

While LVS stock is lower by 6.5 percent over the past month, some recent data points<\/a> suggest traders are betting that the largest gaming company by market capitalization is poised to rebound. Adding to the case for the shares is Sands possessing dominant shares among Macau’s mass market players — a positive at a time when VIPs remain leery of spending too heavily. <\/span><\/p>\n<\/div>\n

\u201cGiven our expectation for continued outsized growth within Macau\u2019s mass market gaming segment once this virus noise dies down, we continue to favor exposure to Macau\u2019s most dominant mass market player, Las Vegas Sands, and would be using the recent weakness to accumulate shares of this name for the long-term,\u201d adds Wieczynski.<\/span><\/p>\n

Reasons to Love Las Vegas Sands<\/span><\/h2>\n

For investors that can stomach that fits and starts of the Macau recovery, LVS stock remains a compelling bet among gaming equities.<\/span><\/p>\n

\u201cAlthough we expect lingering Chinese macroeconomic uncertainty and virus fears to elevate trading volatility in the near term, we see nothing out there at this point capable of tempering our long-term enthusiasm,\u201d notes Wieczynski. \u201cWe believe LVS\u2019 unrivaled scale and investments for the future position its Macau business to remain a leader in the world\u2019s premiere gaming market for the foreseeable future.\u201d<\/span><\/p>\n

Additionally, LVS sports one of the industry’s strongest balance sheets — one that’s being fortified with proceeds from the sale of the company’s Las Vegas assets<\/a>.<\/span><\/p>\n

\u201cAdditionally, the company\u2019s impeccable balance sheet not only adds a level of safety and security to the story, but also favorably positions the company to successfully pursue any global integrated resort development opportunities of size that come along in the future, in our view,\u201d adds the analyst.<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Las Vegas is abuzz with activity again, and regional casinos have long since shaken off the effects of the coronavirus pandemic. But Macau is lagging, pressuring some of the largest gaming equities in the process. Down 11 percent year-to-date, Las Vegas Sands (NYSE:LVS) is part of that group, and with the world’s largest gaming center […]<\/p>\n","protected":false},"author":46,"featured_media":178580,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,10],"tags":[],"acf":[],"yoast_head":"\nLVS Stock Could Reward Patient Investors when Macau Rebounds<\/title>\n<meta name=\"description\" content=\"Macau is still sluggish, but LVS stock could be the winning ticket as activity in the casino hub rebounds.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LVS Stock Could Reward Patient Investors when Macau Rebounds\" \/>\n<meta property=\"og:description\" content=\"Macau is still sluggish, but LVS stock could be the winning ticket as activity in the casino hub rebounds.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/lvs-stock-could-reward-patient-investors-when-macau-rebounds\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-05T07:01:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-05T15:36:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/07\/parisian-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/lvs-stock-could-reward-patient-investors-when-macau-rebounds\/\",\"url\":\"https:\/\/www.casino.org\/news\/lvs-stock-could-reward-patient-investors-when-macau-rebounds\/\",\"name\":\"LVS Stock Could Reward Patient Investors when Macau Rebounds\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/lvs-stock-could-reward-patient-investors-when-macau-rebounds\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/lvs-stock-could-reward-patient-investors-when-macau-rebounds\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/07\/parisian-scaled.jpg\",\"datePublished\":\"2021-07-05T07:01:23+00:00\",\"dateModified\":\"2021-07-05T15:36:45+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Macau is still sluggish, but LVS stock could be the winning ticket as activity in the casino hub rebounds.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/lvs-stock-could-reward-patient-investors-when-macau-rebounds\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/lvs-stock-could-reward-patient-investors-when-macau-rebounds\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/lvs-stock-could-reward-patient-investors-when-macau-rebounds\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/07\/parisian-scaled.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/07\/parisian-scaled.jpg\",\"width\":2560,\"height\":1707,\"caption\":\"The Parisian Macau. An analyst believes LVS stock can bounce back. 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