Las Vegas Sands Eyes Japan, Thailand
Stock quotes in this article:LVS
HONG KONG (TheStreet) -- Las Vegas Sands(LVS) is eyeing further expansion into the Asian region, with growth opportunities in Japan, Thailand and India, its CEO told media outlets Monday.
Las Vegas Sands CEO Sheldon Adelson told Reuters that the company could expand into these other areas as early as next year through a joint venture between Las Vegas Sands and Sands China. Adelson said Sands may also look into expanding into Vietnam or Malaysia, Reuters reported. Las Vegas Sands is in the process of building its $5.5 billion Singapore casino, which is slated to open in March. Shares of Sands' Macau assets made a disappointing debut on the Hong Kong stock exchange on Monday, closing down 10% at HK$9.32 after trading as low as HK$8.78. Last week, the Las Vegas Sands initial public offering was priced at HK$10.38, at the low end of its expected range. Sands sold 1.87 billion shares in its initial public offering last week for a total of about $2.5 billion.TheStreet Premium Services For Personal Service: 877-471-2967
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
ETF Profits:
Get money-making ideas from the hottest investment vehicle on the planet. Our experts show you how to play various ETF sectors to help pump-up your portfolio. Learn More
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 12,890.46 | 1,351.95 | 2,927.23 | 20.47 |
Oil *
118.75
|
|
UP
6.51 |
UP
1.99 |
UP
11.37 |
UP
0.72 |
10 Yr
2.05%
SPDR Gold
168.02
|
|
+0.05%
|
+0.15%
|
+0.39%
|
+3.65%
|
Data delayed 20 minutes |
Connect with TheStreet