Las Vegas Sands Plans Macau Expansion, Rides Cotai To $48 Stock Price
Las Vegas Sands hs a strong foothold in Macau’s casino industry. It currently operates several facilities in Macau, including the Venetian Macao, the Sands Macao and the Plaza Casino at the Four Seasons Hotel.
LVS has ambitious plans for its expansion in Macau. Its subsidiary, Sands China, recently signed agreements with Hilton Worldwide and InterContinental Hotels for hotels at its $4 billion-plus resort in the Cotai area.
Las Vegas Sands competes with Wynn Resorts, MGM Resorts International, SJM, Galaxy and Harrah’s among others. Our price estimate for LVS near $48 implies a premium to the current market price.
www.forbes.com/sites/greatspeculations/...i-to-48-stock-price/