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Las Vegas Sands Binary Options
Binary options provide the opportunity for traders to make money from a broad range of assets. An interesting company for binary options traders to look at is Las Vegas Sands trading.
Las Vegas Sands is a luxury destination property company headquartered in Nevada, USA. They own and run resorts for high-end clientele that offer entertainment, gambling, conventions, restaurants and a lot more. Some of the company’s most notable properties are the Venetian and the Palazzo in Las Vegas, the Marina Bay Sands in Singapore, and the Sands Casino Resort in Bethlehem, Pennsylvania.
The company completed its initial public offering in December 2004. It is featured on the New York Stock Exchange under the ticker LVS. The company grew from the initial share price of $29 up to $144.56 in October 2007, However, the company has declined since due to uncertainty over the future of the gambling industry and general decline in the market.
Las Vegas Sands stock is an interesting company for binary options traders to research. In 2009, they completed their IPO in China. They have diverse geographical interests and are both a tourism and gaming company. Las Vegas Sands stock is volatile due to the many factors influencing it. For example, US government policy on gambling can affect their core activities in a major way. To hedge this the company is looking at Korea, Vietnam and Thailand, countries where gambling is a way of life for many.
Traders should look at openings in new markets and regulatory changes as options to make large profits. On a day-to-day basis there is generally sufficient volume in Las Vegas Sands binary options to make successful trades on the consistent price fluctuations we see.
Thinking about Las Vegas Sands trading?
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