If economic data is beginning to bottom in Asia, that could be good news for gaming stocks tied to Macau like Las Vegas Sands (LVS).
With LVS reporting a solid quarter, Hedgeye's veteran Gaming, Lodging & Leisure analyst Todd Jordan says things are looking up for that stock and its business in China.
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“LVS had a string of decent quarters, but this is all happening with a really tough China macro backdrop,” Jordan explains in the clip above. “We were at double-digit comps in a tough macro environment – what happens if the economy picks up? Certainly VIP will do better, but mass [market] could pick up as well. So I’m pretty bullish on Macau and LVS.” |
Watch the full clip above for more.
