Major casino developers have made a sizable footprint throughout Asia, but Las Vegas Sands' mark might be the deepest.
The company's stock made a healthy run after the opening of Marina Bay Sands, Las Vegas Sands' first property in Singapore. During its first full quarter of operation, Marina Bay generated the highest profit margin of any property in the company's history, according to the casino operator.
Las Vegas Sands, like rivals Wynn Resorts and MGM Resorts, has also gotten boost from the gambling scene in the Chinese enclave of Macau. The company's stock recently came under pressure following news that the Chinese government rejected Las Vegas Sands' application to develop two remaining pieces of land.
"There's some concern that the Chinese government is clamping down on the growth Las Vegas Sands has planned," said Jefferies & Co. analyst David Katz, but he still expects earnings to continue growing for now.
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