Good News for Las Vegas Sands

It is about time that the Las Vegas Sands companies have some good news to report to its stock holders and investors. For weeks and weeks we have been hearing nothing other than disappointing news out of Las Vegas based companies such as the Las Vegas Sands Corp, MGM, Wynn, Harrah’s and other players in the industry.

For the first time in a while the Las Vegas Sands is reporting that they will resume their planned Macau project to finish the hotel by the end of 2009. While this is just a preliminary plan for the company, executives are saying that they are hoping that many things will begin to turn around by the end of the year.

Just weeks prior to this news the hotel stock looked as if it was approaching bankruptcy nearing the $1 mark. The company is happy to see a bit of a rally along with other companies that are happy to be experiencing the same thing this week. The LVS stock is currently at $4.15 which is near the $4.40 mark when financial analysts gave it a buy rating say that they stock is likely to reach at least $9 this year.

LVS Corp will be happy to have all their projects around the world resumed and back to plans as they were going strong in 2007. The crash in the economy came as a surprise to many but some are saying that they are slowly picking up the pieces and hope to have most elements restored and thriving by 2010.

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