The shares of Las Vegas Sands Corp have seen the highest return for the month of any casino operator in the gaming industry. The corporation’s stock increased by 11.12% its month over month value, driven mainly on the strong opening of the new $5.7 billion Marina Bay Sands Resort in Singapore. “The new project likely contributed to a reported 30.3% rise in visitors to the region during May” told Brian Gordon, partner of financial firm Applied Analysis. According to a report made by Applied Analysis, the only other casino operator to post an increase in stock value for the month was Wynn Resorts Ltd who also owns gaming operations on both Macau and the Las Vegas Strip.
The shares of Wynn Resorts, however, only increased by less than 1%. Boyd Gaming Corp and Pinnacle Entertainment, who do not compete in the same circles as Sands, saw the highest losses for the month, with Boyd’s stock down 17.21% and Pinnacle stock down 14.2%.
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