Should You Bet On Las Vegas Sands Stock After The Historic Annoucement?

Should You Bet On Las Vegas Sands Stock After The Historic Annoucement?

Share to Linkedin Earlier in March, Las Vegas Sands (NYSE: LVS) took a historic step by announcing the sale of its Vegas property to Apollo Funds and VICI Properties for $6. 25 billion. With multiple states legalizing sports wagering, the company's peers including MGM Resorts, Penn National Gaming, and Wynn Resorts launched their sports betting applications in 2020. Sands' has not announced its entry into the U. S. sports betting and iGaming industry but has a hidden presence with William Hill's marquee site at Sands' Venetian and Palazzo properties in Las Vegas. Given the uncertainty associated with the company's decision to enter the sports betting industry or expand its Asian portfolio, Trefis compares profitability across geographies to highlight strong upside potential in the stock as the company reveals its investment plans in the near future. We believe that the stock has a sizable upside if new investments provide returns comparable to the Singapore property. Our interactive dashboard analysis highlights Las Vegas Sands stock performance during the current crisis with that during the 2008 recession. Sands' revenue and margin contribution from different geographies In 2019, Sands' Macau, Singapore, and Vegas properties contributed 63%, 22%, and 15% of the $13. 7 billion