Las Vegas Sands to Win in 2010, Poll Says
NEW YORK (TheStreet) -- Las Vegas Sands(LVS) is pegged to be the top performing company in the gaming industry in 2010, according to TheStreet.com's readers.
The casino operator garnered nearly 50% of the vote in our weekly poll, just as it is set to embark on what has been deemed a massive initial public offering. Any day now, Sands expects to raise as much as $3.4 billion in the offering of its Macau assets on the Hong Kong stock exchange. This week, however, experts were of the mind that this could be a bit pricey, and that Sands may have to resort to a lower offering in order to get the deal done. As a result, shares of the company ended the week down 6% at $16.35. Wynn Resorts(WYNN) placed second in the poll with 21.2% of the vote. It, too, has recently issued an offering of its Macau assets, which garnered $1.9 billion. Jim Cramer said on Thursday that he is bullish on the stock, but bearish on rival MGM Mirage(MGM).TheStreet Premium Services For Personal Service: 877-471-2967
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