The house edge has moved to Singapore for this casino operator. Why the stock is

Don't let the name fool you: Despite being headquartered in Nevada, Las Vegas Sands doesn't operate a casino in the United States and is focused instead on Asian markets in Macao and Singapore, where it is the market leader.

With the legalization of casino gambling in many states, the expansion of state lotteries, the advent of tribal gaming and the proliferation of sports betting and online gambling, the U.S. has become a tough market to compete for gamblers' dollars.

Asia hasn't seen nearly such expansion with gambling being more tightly regulated by governments. Las Vegas Sands has positioned itself in Asia as the industry leader in integrated casino resorts and is poised to benefit from the rise of the middle and upper classes in an area steeped in in-person gaming traditions.

While Las Vegas Sands looks to expand its grip on the wealthy Singapore market, there could also be an opportunity to establish itself as a leader in Texas if casino gambling is legalized there — seeing as one lucrative prospect within the saturated U.S. market.

Even with its position and competitive moat, the stock trades at valuations similar to its U.S. counterparts that don't have such advantages.

Fuente original: CNBC Top News (https://www.cnbc.com/2026/06/29/the-house-edge-has-moved-to-singapore-for-this-casino-operator-why-the-stock-is-a-buy-now.html)