The Latest Breaking News from Las Vegas Sands

Las Vegas Sands stock, Wynn Resorts, Melco pop following a Citigroup report on Macau casino performance during China's Golden Week holiday.

Billionaire investor David Tepper's bullish stance on Chinese stocks includes two U.S.-based casino stocks, Las Vegas Sands and Wynn Resorts, as potential beneficiaries of Beijing's economic stimulus and the resurgence of Macau's gaming industry.

Las Vegas Sands is expected to release its third-quarter earnings this month, and analysts expect earnings to match the year-ago quarter’s figures.

Macau is seeing a resurgence in gambling as wagers already outpace 2023 bets. The number of high rollers is rising. Casino stocks jump.

Las Vegas Sands has underperformed the Consumer Discretionary Sector over the past year, but analysts are moderately optimistic about the stock’s prospects.

Las Vegas Sands has underperformed the broader market over the past year, but Wall Street analysts are optimistic about the stock’s prospects.

September Nasdaq 100 E-Mini futures (NQU24) are trending down -1.04% this morning as Alphabet’s cautious outlook on AI progress and Tesla’s profit miss, coupled with a delay in its Robotaxi event, weighed on sentiment, while investors awaited U.S. business activity data and the next round of corporate earnings reports.

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With Las Vegas Sands gearing up to release its Q2 earnings results next week, analysts project a double-digit bottom-line growth.

Despite witnessing a bearish trend and lagging behind the Dow Jones in 2024, Wall Street analysts remain optimistic about Las Vegas Sands’ prospects.

While Las Vegas Sands stock has underperformed the broader markets over the past year, Wall Street analysts still see a solid upside in the stock.