Shares of Las Vegas Sands Corp. slid to a 52-week low Friday as an analyst slashed its price target, saying Sheldon Adelson’s recent capital investment doesn’t erase ongoing concerns about funding and the Las Vegas and Macau markets. On Wednesday Adelson, the self-made billionaire who is the chief executive and principal shareholder of Las Vegas Sands, [...] [...more]
In an environment where credit is tough to come by, even billionaires have to reach into their own pockets to help their companies. So it was with Sheldon Adelson, the self-made billionaire who is the chief executive and principal shareholder of Las Vegas Sands Corp. A cab driver’s son who built his fortune on a computer [...] [...more]
Shares of Wynn Resorts Ltd. fluctuated Thursday as an analyst upgraded the casino operator on its solid Las Vegas and Macau footholds, but another slashed its price target. Jeffrey Logsdon of BMO Capital Markets said Wynn is fairing better than other competitors partly because it has less exposure to the low-end consumer. Its Wynn Las Vegas [...] [...more]
