Firm targets Asia
Las Vegas Sands stocks rise after ditching Spain project
2013-12-17
Reading time 22 seg
(Spain).- Las Vegas Sands added 81 cents to 77.38 in below-average volume, following its announcement last Friday that it was dropping its Eurovegas project in Madrid, and will instead focus on expanding in Asia. The casino operator is now more than 5% from the 73.59 buy point of a flat base, meaning it has climbed out of buy range.
On Friday, Las Vegas Sands said it was abandoning plans to build a us$30 billion gambling complex in Madrid.
Sands is targeting Japan and South Korea, which may legalize integrated resort casinos.
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