Las Vegas Sands Corp

LVS: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$49.00	Gcpxqz	Jhqqvwthh

Las Vegas Sands: Leading Asia Gaming Position Alive and Well, as Market Recovery Continues

Dan Wasiolek

Jul 19, 2023

Sands shares moved lower 3% after hours following its second-quarter results on the potential for lower dividend payouts and delay in construction of a fourth tower in Singapore. But we plan to lift our $57 fair value estimate about $2 per share to account for a stronger Macau gaming revenue recovery in 2023, which we think should be the focus for investors. We see shares as fairly valued.

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