Las Vegas Sands (LVS) Down 40% in the Past Year: Is Revival Likely?

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Nasdaq
By Zacks

The past couple of years has been tough for Las Vegas Sands Corp. LVS. In the past one year, the companys shares have slumped 39.7%, compared with the industrys decline of 56.9%. However, an increase in visitation and a robust portfolio are likely to drive the companys performance. Lets delve deeper.

Factors Likely to Drive Growth

The company is optimistic about Macaos recovery. Visitations improved in March and April. During first-quarter 2022, the region appeared resilient, courtesy of strong customer demand and robust spending at the premium mass level from the gaming and retail perspective. With the easing of restrictions and recovery in travel and tourism, the company anticipates generating strong positive cash flows from the region in the days ahead.

Las Vegas Sands is quite confident about growth prospects in Singapore, which is one of the top spots for gambling. Despite the coronavirus pandemic, the company announced that it would continue to invest in the expansion of Marina Bay Sands, Singapore, to reinforce its dominant position in the region. It anticipates demand in Singapore to be robust after travel and tourism spending return to normal.

The Zacks Rank #3 (Hold) company is very optimistic about returning to positive cash flow in both Macao and Singapore following relaxation restrictions, which will drive travel and tourism. During first-quarter 2022, it generated positive EBITDA at Marina Bay Sands (in Singapore) and for the company (as a whole) despite the pandemic-induced headwinds.

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