Could Las Vegas Sands Survive a Second Wave of COVID-19 Closures?
Las Vegas Sands (NYSE: LVS) saw its stock nearly cut in half by the coronavirus pandemic, which caused the stock market to plunge in late March. Yet its stock was already falling fast because of the pandemic's impact on China, where COVID-19 originated.
The casino operator generates over 60% of its revenue from Macao, the only place in China where it's legal to gamble, so its fortunes depend more on how its business overseas is doing than whether Las Vegas is locked down again.
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Source Fool.com
