RTTNews | Jan 14, 2022 10:06AM EST

10:06 Friday, January 14, 2022 (RTTNews.com) - Las Vegas Sands Corp. (LVS) shares are trading up more than 15 percent on Friday morning trade after Macau, the gaming hub of the world, decided to cap casino licenses to six and will raise local ownership requirements to 15 percent from 10 percent. There will be restrictions on the amount of casino shares offered for public trading.

Currently, LVS shares are at $43.37, up 15.19 percent from the previous close of $37.66 on a volume of 13,321,185. For the 52-week period, the shares have traded in a range of $33.75-$66.77 on average volume of 8,076,358.

Read the original article on RTTNews ( https://www.rttnews.com/3255172/las-vegas-sands-climbs-as-macau-caps-casino-licenses-elevates-local-ownership.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com All Rights Reserved