Is Las Vegas Sands Stock a Buy?

Is Las Vegas Sands Stock a Buy?

Not only has casino revenue fallen over the past year, but online gambling has also become a very real competitor to the real-world casino. Is Las Vegas Sands now a value stock that will benefit from an economic recovery, or is this a company that the gambling world has passed by? At the end of 2019, Las Vegas Sands had an enterprise value (equity value plus debt outstanding) of $62.3 billion, or 11.3 times EBITDA.