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New Las Vegas Sands Share Buyback Program Authorized

Las Vegas Sands (NYSE: LVS  ) won't only be investing money into casinos and gambling tables in the near future. The company's board has authorized a new $2 billion stock repurchase program.

Although the firm described the initiative as a "multi-year" effort, it did not specify when, if at all, the program would expire. It did say that it intends to use it "in an opportunistic fashion."

Las Vegas Sands quoted high-profile CEO Sheldon Adelson as saying that "we believe the implementation of our share repurchase program, together with our previously established recurring dividend program, will allow us to maximize returns to shareholders in the years ahead."

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  • Report this Comment On June 05, 2013, at 10:45 PM, JF125780 wrote:

    This is exactly the news I was waiting for to charge up LVS, GO SANDS GO

    Danny

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Eric Volkman
TMFVolkman

Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.

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Related Tickers

8/28/2015 4:00 PM
LVS $47.36 Up +0.10 +0.21%
Las Vegas Sands Co… CAPS Rating: ****