MGM Resorts International Stock Price Set to Soar in 2023

Las Vegas Sands Corporation, as known as LVS, is a global developer of destination properties. Sands is also one of the world's largest casino and resort operators, with properties in Las Vegas, Macau, Singapore, and Pennsylvania. The company was founded in 1988 and is headquartered in Las Vegas, Nevada.

Sands has a market capitalization of approximately $50 billion and is traded on the New York Stock Exchange under the ticker symbol LVS. In 2022, the company reported revenue of $13.6 billion and net income of $2.6 billion. Sands has a strong balance sheet with $9.4 billion in cash and cash equivalents and $13.2 billion in total debt.

The company's stock price has been on a roller coaster ride in recent years, but it is currently trading at around $38 per share. This is still well below its all-time high of $82 per share, which was reached in 2013. However, there are several factors that suggest that Sands' stock price is set to soar in 2023.

First, the global economy is expected to continue to recover in 2023. This will lead to increased demand for travel and tourism, which will benefit Sands' casinos and resorts.

Second, the Chinese government has recently eased its travel restrictions for Macau. This will make it easier for Chinese tourists to visit Macau, which is Sands' largest market.

Third, Sands is in the process of completing a major expansion of its Las Vegas properties. This expansion will add new hotel rooms, restaurants, and entertainment venues to the company's resorts. The expansion is expected to be completed in 2025 and is expected to boost Sands' revenue and profits.

Finally, Sands has a strong management team with a track record of success. The company's CEO, Rob Goldstein, has been with Sands for over 20 years and has a deep understanding of the gaming industry.

Based on these factors, I believe that Sands' stock price is set to soar in 2023. I recommend buying the stock at the current price of around $38 per share.

Here are some of the key risks to consider before investing in Sands:

• The global economy could slow down, which would reduce demand for travel and tourism.
• The Chinese government could further tighten its travel restrictions for Macau.
• The Las Vegas expansion could be delayed or cost more than expected.
• The company could face increased competition from other casinos and resorts.

Overall, I believe that the risks are outweighed by the potential rewards. I recommend buying Sands stock at the current price.

Disclaimer: I am not a financial advisor and this is not investment advice. Please do your own research before investing in any stock.

Table 1: Sands Financial Highlights

Table 2: Sands Stock Price History

Table 3: Sands Analyst Ratings

Table 4: Sands Key Risks