NEW YORK (TheStreet) -- Las Vegas Sands (LVS) shares are climbing, up 0.5% to $77.12, in pre-market trading on Friday following reports that Japanese Prime Minister Shinzo Abe will legalize gambling in the country ahead of the 2020 Tokyo Olympics.
Outside of betting on horse, boat and bicycle races, gambling is illegal in Japan and the country represents one of the largest untapped markets in the industry.
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TheStreet Ratings team rates LAS VEGAS SANDS CORP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate LAS VEGAS SANDS CORP (LVS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."