Is LVS Stock A Gamble?
- Date: 14-Oct-2020
- Source: Forbes
- Sector:Financial Markets
- Country:Middle East
Is LVS Stock A Gamble?
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)
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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
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