NEW YORK (
) -- Even after a strong earnings report from a regional casino, large-cap casino operators are in the red.
Las Vegas Sands
is falling 3.7% to $25.21 in morning trading, as it opens the first part of its casino in Singapore.
Las Vegas Sands said it expects to make back its $5.5 billion investment in Marina Bay Sands in five years. Sands believes the casino will generate $1 billion in profit annually.
This is only the second casino in Singapore; the first was opened earlier this year by
is also falling 3.3% to $16.11, while
is declining 2% to $90.35.
, receiving a boost from its Lumiere Palace location.
The news sent shares climbing 5.4% to $13.48 in morning trading. Pinnacle is leading up shares of other regional gamers, including
, which is rising 1.2% to $12.44, and
, which jumping 2.7% to $19.
-- Reported by Jeanine Poggi in New York.
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