Casino Stocks Surge by 3 Trillion Won in a Day, Bouncing Back from Earnings Shock

Las Vegas Sands Corp. (LVS) surged 5.50% on the New York Stock Exchange, closing at $55.64, which added roughly $2.19 billion to its market capitalization in a single day—about ₩3.2 trillion. Trading volume reached approximately 5.06 million shares, well above its average, lifting its total market value to about $37.6 billion (around ₩55 trillion).

In its recently reported fourth quarter of fiscal 2025, the company posted revenue of $3.65 billion and adjusted earnings per share of $0.85, both exceeding analyst expectations. However, operating income fell short of forecasts, triggering heightened volatility and a double-digit share price drop immediately after the announcement. While profits from Macau underperformed market estimates, Marina Bay Sands in Singapore delivered a record quarterly adjusted EBITDA of $860 million. During the same quarter, Las Vegas Sands repurchased approximately $500 million of its own shares and declared a dividend of $0.30 per share, payable on February 18.

Headquartered in the United States, Las Vegas Sands is a leading global casino and integrated resort operator. After divesting its Las Vegas Strip holdings, the company has focused its operations on Asia, particularly Macau and Singapore. Under CEO Robert Goldstein—who succeeded founder Sheldon Adelson—the firm is expanding its non-gaming offerings, including mass-market gaming, retail malls and convention facilities, to mitigate regulatory risks stemming from China’s crackdown on high-stakes gambling.