20 superstar stocks
Thursday May 12, 2011
Its name says Las Vegas, but this casino operator tripled in market value in 2010 thanks to its fast-growing business in Asia. The company owns the Venetian and Palazzo on the Vegas strip, but about 85% of its sales last year came from Asia, with around 60% of that alone coming from Macao. After all, it's now the world's biggest gambling market and the only place in China where casinos are legal.
The growth there is stunning: While gambling proceeds in Las Vegas rose by 4% to $5.7 billion in 2010 over the previous year, Macao's gaming revenues rocketed 58% to $23.5 billion during the same period. Las Vegas Sands plans to open its fourth Macao casino later this year.
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Last updated May 05 2011: 3:04 PM ETList excludes companies whose stocks fell below $1 during 2010.
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