Are Casino Stocks Dealt A Recessionary Hand? (LVS) (WYNN)

Las Vegas Sands (LVS) is today’s Under 30-stock. In this segment Jenny Horne and Caroline Woods discuss possible recessionary risks with casino stocks. Jenny explains the Las Vegas Sands (LVS) connection to Macau casinos in China and which Caroline says, are set to reopen on Saturday. George Tsillis joins the conversation to talk about Las Vegas Sands (LVS) and how much of their revenue is tied to the Macau region along with Wynn Resorts (WYNN). George and Jenny discuss the post pandemic recovery of travel and leisure companies like Las Vegas Sands (LVS) in light of rising inflation and decreased discretionary spending. LVS stock is still 26% below its 52-week high of 46.93. LVS releases 2Q earnings after market close on Wednesday.