UBS upgrades Las Vegas Sands, says new Macao rules should boost stock

Published Wed, Jan 19 20227:55 AM EST

Jesse Pound @/in/jesse-pound @jesserpound

A dealer handles gaming chips at a baccarat table inside the Venetian Macau resort and casino, operated by Sands China Ltd., a unit of Las Vegas Sands Corp., in Macau, China.

Billy H.C. Kwok | Bloomberg | Getty Images

The removal of uncertainty about gambling in Macao has created major upside for Las Vegas Sands, according to UBS.