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What Happened When Alex Kenjeev Paid His Student Loan in Cash"Highly leveraged casinos were among the first to be locked out of credit markets last year," says Elliott Gue, noting that one company that suffered greatly from credit conditions was Las Vegas Sands (NYSE: LVS).
Now, however, he see "strong propsects" for a recovery in the casino operator's future; he is particularly optimistic on the firm's Asian projects. Here's his review from Personal Finance.
"The economic downturn meant consumers reined in spending on leisure travel and gambling. Meanwhile, declining real estate prices near Las Vegas hit the local economy hard. Gaming revenues declined, and occupancy at Sin City's massive hotels plummeted.
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