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Why Las Vegas Sands' Shares Have Dropped 34% in the First Half of 2020

Travis Hoium, The Motley Fool
·2-min read
Why Las Vegas Sands' Shares Have Dropped 34% in the First Half of 2020

Shares of casino giant Las Vegas Sands (NYSE: LVS) dropped 34% in the first half of 2020, according to data provided by S&P Global Market Intelligence, as the gambling industry was turned on its head. COVID-19 has hit the resort and casino business hard, the biggest reason shares are down. As a company focused in Asia, the 77.4% drop in gambling revenue in Macao is the one indicator of just how bad conditions have gotten for Las Vegas Sands' main market.

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