Is LVS Stock A Gamble?

SourceForbes
SectorFinancial Markets
CountryMiddle east

A hotel employee stands next to a logo of Sands casino before a press conference in Macau on ... [+] September 20, 2012. Las Vegas casino boss Sheldon Adelson unveiled plans to build a scaled down replica of the Eiffel Tower as part of a new 3 billion USD gambling resort in Macau. AFP PHOTO / Philippe Lopez (Photo credit should read PHILIPPE LOPEZ/AFP/GettyImages) AFP via Getty Images The shares of Las Vegas Sands (NYSE: LVS) have declined by 35% since the beginning of the year as the travel and tourism industry came to a grinding halt due to the pandemic. The current recessionary environment has affected the company’s ability to generate revenues, limit losses, and pay dividends. While the slump in travel demand ...read more...