- A potential property collapse, uncertainty surrounding concession renewals and a slow recovery in Macau's visitation numbers are key reasons why Las Vegas Sands (LVS) continues to see downwards pressure.
- I believe the only real threat to LVS is China's property market and what impact a collapse would have on Macau's gaming operators.
- Macau is seeing a strict and measured recovery, meaning visitation numbers will likely remain low for the coming year but will see a steady recovery over the next 4 years.
For further details see:
Las Vegas Sands: Macau Gaming Will Return Slowly Despite China's Economic Risks