• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Las Vegas Sands joins rivals MGM, Wynn on S&P 500 index

Sep 30, 2019 Newsdesk Latest News, Macau, Top of the deck, World  


Las Vegas Sands joins rivals MGM, Wynn on S&P 500 index

United States-based casino operator Las Vegas Sands Corp will be added to the S&P 500, one of the most commonly followed composite indexes of stocks in the U.S. The firm will also be added to its casinos and gaming sub-industry index.

The announcement was made last week by S&P Dow Jones Indices, the entity that compiles the index. The change will become effective prior to the opening of trading on Thursday, said S&P Dow Jones Indices.

The S&P 500 is a stock market index in the United States based on the market capitalisations of 500 large companies that have common stock listed on the New York Stock Exchange or Nasdaq. It is regarded as one of the best single gauges of those U.S. equities issued by companies with large-scale market capitalisation, also known as “large-cap” stocks.

Las Vegas Sands runs gaming operations in Las Vegas, Nevada, in the U.S. (pictured) and in Asia. The firm is the parent of Macau-based casino operator Sands China Ltd. One of Las Vegas Sands’ subsidiaries runs Singapore’s Marina Bay Sands casino resort.

Other casino operators with Macau exposure featured in the S&P 500 include MGM Resorts International, the parent of Macau-based operator MGM China Holdings Ltd; and Wynn Resorts Ltd, the controlling shareholder of Macau casino operator Wynn Macau Ltd.

Las Vegas Sands will replace Nektar Therapeutics in the index, as the latter “is ranked near the bottom of the S&P 500 and has a market capitalisation more representative of the mid-cap market space,” the S&P Dow Jones Indices release stated.


  • tweet
Related articles
  • Fitch says LVS Nevada sale a negative, Moody’s keener
    Fitch says LVS Nevada sale a negative,...

    Mar 05, 2021  

  • Sands China to pay US$2.4mln tax re Gondola Ride: court
    Sands China to pay US$2.4mln tax re...

    Mar 04, 2021  

More news
  • Pace of Macau GDP decline slows in 4Q amid tourism gains
    Pace of Macau GDP decline slows in 4Q...

    Mar 08, 2021  

  • Donaco not mulling sale of Vietnam casino hotel: execs
    Donaco not mulling sale of Vietnam...

    Mar 08, 2021  


Latest News

Pace of Macau GDP decline slows in 4Q amid tourism gains

Pace of Macau GDP decline slows in 4Q amid tourism gains

Mar 08, 2021  

Macau’s fourth-quarter exports of gaming services, an important component of the city’s gross domestic product (GDP), saw a narrowing of year-on-year decline relative to that of the third...
Read More
Donaco not mulling sale of Vietnam casino hotel: execs

Donaco not mulling sale of Vietnam casino hotel: execs

Mar 08, 2021  

Fitch says LVS Nevada sale a negative, Moody’s keener

Fitch says LVS Nevada sale a negative, Moody’s keener

Mar 05, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

“Construction work is progressing smoothly and even though the Covid-19 outbreak has impacted our original timeline, we remain committed to this groundbreaking project"

Grant Johnson

Property general manager of City of Dreams Mediterranean



Most Popular

  • Lim Kok Thay, GEN Singapore execs in US$1.3mln stock awardLim Kok Thay, GEN Singapore execs in US$1.3mln stock award March 2, 2021
  • Las Vegas Sands to sell off Nevada assets for US$6.25blnLas Vegas Sands to sell off Nevada assets for US$6.25bln March 3, 2021
  • Covid-19 test cert no longer needed for Macau casino entryCovid-19 test cert no longer needed for Macau casino entry March 2, 2021
  • Pansy Ho again cuts stake in MGM Resorts, for US$57mlnPansy Ho again cuts stake in MGM Resorts, for US$57mln March 4, 2021
  • LVS plans to keep U.S. base, stock listing: spokesmanLVS plans to keep U.S. base, stock listing: spokesman March 4, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us