News Snapshot:
Casino resort operator Las Vegas Sands has been upgraded to Buy by UBS on a better outlook in Macau, providing more support to the stock Wednesday morning. Though Las Vegas Sands (ticker: LVS) is based in Las Vegas, it relies heavily on overseas markets, most notably Macau. Las Vegas Sands announced nearly a year ago that it would sell its Las Vegas Strip real estate, including the Venetian Resort, to VICI Properties (VICI) for about $6.25 billion. There had been concern that the impending renewal of casino concession licenses in Macau would lead to more onerous terms for Las Vegas...
