LVS

Casino and resort giant Las Vegas Sands (LVS) appears to be in a pickle, being completely levered to its operations in Macau, a special administrative region of China. Unfortunately for the company, Macau is following China’s leadership when it comes to draconian COVID-19 mandates, thus devastating sales. While the situation doesn’t look pleasant now, patient investors may be rewarded for their commitment. I am neutral on LVS stock. In March of 2021, Las Vegas Sands generated headlines when it announced that it would sell its geographical namesake properties for $6.25 billion.
https://www.tipranks.com/news/article/las-vegas-sands-lvs-stock-made-mistake-losing-namesake-for-now?utm_source=advfn.com&utm_medium=referral