- The hammering of LVS stock continues, raising a huge issue: Macau pandemic, regulatory and junket arrests of Suncity's Chau will either keep stock dead pooled or wake up bottom fishers.
- The post Adelson management team faces tough choices. Either move on with something now with conviction or continue playing it safe waiting for better news from Asia. That's paralysis.
- LVS needs to move on its targeted entry into sports betting even assuming Macau woes continue. We are lowering our PT guidance from $75-$8 by next year to $67.
For further details see:
Las Vegas Sands: The Entry Point Gets More Attractive By The Day But Nobody Seems Interested