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Betting on Macau: 3 Gaming Stocks to Buy

Gaming companies with casinos in Macau are red-hot

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Las Vegas Sands (LVS)

stocks to buy now LVSI named Las Vegas Sands (LVS) as a casino stock to buy back in early September and, since then, the news has only gotten better.

To start, Sands China (SCHYY), the company’s 70%-owned Macau subsidiary, reported third-quarter earnings that were out of this world. Revenue improved 43% to $2.3 billion and EBITDA rose 62% to $785.3 million, well ahead of analyst estimates.

And with 9,200 rooms available in Macau, the company holds a huge advantage in this hotly contested gaming market. It controls 40% of the four- and five-star hotels in the region. No wonder Union Gaming Group analyst Grant Govertsen told Bloomberg:

“Sands has been very strong, especially on the mass-market segment … The company has the biggest footprint in non-gaming entertainment which helps to draw a lot of family holiday-makers.”

Quite simply, it’s in the right place at the right time. If you’re betting on casino stocks, LVS has to be on your short list.

Article printed from InvestorPlace Media,

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