Las Vegas Sands shares off after weak Macau debut

Shares of Las Vegas Sands Corp (LVS.N) slumped 2 percent on Monday after the U.S. casino operator's Macau unit made a weak debut in Hong Kong trading.

While some analysts said the weakness could reflect cooling interest in casinos, Susquehanna Financial Group analyst Robert LaFleur said it was too early to write off Macau, the world's biggest and fastest-growing gambling market.

"Nothing fundamentally has changed in the Chinese casino market in Macau," LaFleur said.

Read Full Article from Reuters

- Posted: 2009-11-30 10:50:46

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