Las Vegas Sands Corp. (NYSE: LVS)
Las Vegas Sands is having an incredible day in the market today. Shortly after the opening bell rang, the stock started making a run for the top. Below, we’ll talk about what we’re seeing from the stock, why, and what we’ll be watching for with regard to LVS ahead.
What We’re Seeing From LVS
As mentioned above, Las Vegas Sands is having an incredible day in the market today. After starting the day off in the green, the stock has run up higher and higher throughout the beginning of the session. Currently (10:12), LVS is trading at $60.04 per share after a gain of $1.89 per share or 3.25% thus far today.
Why Is The Stock Spiking Up?
As soon as the CNA Finance team noticed the upward movement on LVS, we started working to see if we could find what was causing the move. It didn’t take long to dig the information up. The gains are the result of news out of Japan.
According to Barrons, Japan is starting to issue casino licenses. Of course, with Las Vegas Sands being one of the largest casino operations in the world, we have to imagine that they will be working toward getting a license and moving into a new market.
What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be watching for updates with regard to LVS achieving licensing in Japan. Considering the report on Barrons, we can expect to see it relatively soon. All in all, things are looking up for LVS. Nonetheless, we will be watching the news closely and bringing it to you as it breaks!
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