Interestingly, the company has an indirect presence in the sports betting market through William Hill’s marquee site at the Venetian and kiosks at the Palazzo. After releasing fourth-quarter and full-year results in January, LVS stock has gained 9.7% supported by its strong fundamentals and a broader momentum observed in casino stocks. With the travel and tourism industry facing a downturn, even the prominent integrated resort operator Las Vegas Sands (NYSE: LVS) had to cut down on operational costs and capital expenses to preserve cash. The shares of popular online gaming and sports betting applications have skyrocketed since restriction measures brought the conventional gambling industry to a grinding halt in 2020.
