Las Vegas Sands Up on Macau Mkt Growth

Written on August 18, 2006 by admin

So Stanley Ho’s comments were completely ignored by investors. Even a JP Morgan analyst says there will be a oversupply of demand. Hence more casino’s are coming. At last count Macau will have 49 casino’s by 2010, upp from 21 casino’s today. Looks like we will see construction crane’s for another few years yet.

As reported by AP - Shares of casino operator Las Vegas Sands Corp. climbed higher Thursday after a JP Morgan analyst said a competitor’s new casino resort in Macau will boost gambling demand in the region, resulting in overflow clients to the company’s Sands Macao property.