Advertisement
Australia markets close in 1 hour 25 minutes

  • ALL ORDS

    8,015.00
    +62.70 (+0.79%)
     

  • ASX 200

    7,742.30
    +59.90 (+0.78%)
     

  • AUD/USD

    0.6600
    -0.0026 (-0.39%)
     

  • OIL

    78.62
    +0.14 (+0.18%)
     

  • GOLD

    2,331.10
    -0.10 (-0.00%)
     

  • Bitcoin AUD

    96,069.91
    -915.37 (-0.94%)
     

  • CMC Crypto 200

    1,363.18
    +50.56 (+3.85%)
     

  • AUD/EUR

    0.6128
    -0.0018 (-0.30%)
     

  • AUD/NZD

    1.0984
    -0.0037 (-0.33%)
     

  • NZX 50

    11,791.39
    -29.39 (-0.25%)
     

  • NASDAQ

    18,093.57
    +202.77 (+1.13%)
     

  • FTSE

    8,213.49
    +41.34 (+0.51%)
     

  • Dow Jones

    38,852.27
    +176.59 (+0.46%)
     

  • DAX

    18,175.21
    +173.61 (+0.96%)
     

  • Hang Seng

    18,420.38
    -157.92 (-0.85%)
     

  • NIKKEI 225

    38,744.33
    +508.26 (+1.33%)
     

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.

Continue reading