Casino Stocks Decline as Covid-19 Flareups in China Are Still a Problem [MarketWatch]
Las Vegas Sands Corp. (LVS)
Last las vegas sands corp. earnings: 4/22 04:05 pm
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Source: MarketWatch
Sands China (ticker: 1928.HK), the developer of casinos in Macau and a subsidiary of Las Vegas Sands (LVS), fell 7.8%. Galaxy Entertainment Group (27.HK) declined 5.8%. The broader Hang Seng index slipped 1.9%. U.S.-listed casino stocks related to Macau dropped in premarket trading as well. Wynn Resorts (WYNN) slipped 3.5%, Las Vegas Sands fell 3%, and Melco Resorts & Entertainment (MLCO) declined 3.1%. China reported Monday 26,000 daily cases of Covid-19, the most in seven months and the sixth consecutive day in which the count has exceeded 20,000. Two deaths from the virus were recorded in Beijing. The world's second-biggest economy is still being held back by strict lockdowns to contain the spread of the disease . Growth significantly will undershoot the government's target as restrictions on movement and social interaction weigh on activity. The share moves today roll back recent optimism that China's Covid policies would soon change, allowing the country to open up. The
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News
- Hudson Yards $12B casino hits major roadblock as NYC civic leaders push back over housing getting slashed [Yahoo! Finance]Yahoo! Finance
- Las Vegas Sands Corp. (NYSE:LVS) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Results: Las Vegas Sands Corp. Beat Earnings Expectations And Analysts Now Have New Forecasts [Yahoo! Finance]Yahoo! Finance
- Oil prices jump about 3% after explosions reported in Iran [Fortune]Fortune
- Las Vegas Sands Corp. (NYSE: LVS) had its price target lowered by analysts at Stifel Nicolaus from $70.00 to $65.00. They now have a "buy" rating on the stock.MarketBeat
LVS
Earnings
- 4/17/24 - Beat
LVS
Sec Filings
- 4/19/24 - Form 10-Q
- 4/17/24 - Form 8-K
- 4/5/24 - Form 8-K
- LVS's page on the SEC website