Wednesday, October 27, 2010

LVS is on a Roll

Las Vegas Sands (owner of the Venetian and Palazzo) reported strong third quarter results today, including a 67% year over year increase in revenue that totaled $1.91 billion. Most of the success can be attributed to the company's Macau and Singapore operations, although Las Vegas seems to be doing marginally better as well.

In March 2009 LVS stock was trading at under $2 a share. Today it closed over $41 a share, and in after hours trading it was as high as $45.

Source: Las Vegas Sands - Press Release.