Las Vegas Tourism Slumps Amid Global Trade War and Immigration Crackdown

Las Vegas tourism is in a slump, with visitor numbers down 11.3% year-on-year in June and 7.3% across the first six months of the year. The decline in hotel revenues is causing job cuts and income falls for workers, with some businesses offering free stays and credits to attract customers. The city's tourism industry is seen as a warning sign for the US economy, as consumer spending is a key driver of GDP. The decline is attributed to President Trump's economic policies, including a global trade war and immigration crackdown.

Title: Las Vegas Sands Corp. Boosts Stake Amid Slumping Tourism and Positive Earnings

Las Vegas Sands Corp. (LVS) has seen an increase in its share ownership by Northern Trust Corp and Campbell & CO Investment Adviser LLC, despite the ongoing slump in Las Vegas tourism. This move comes as the city grapples with a significant decline in visitor numbers, which has led to job cuts and reduced revenues for the hospitality sector.

Northern Trust Corp increased its stake in LVS by 12,593 shares, bringing its total ownership to approximately 3.1 million shares, valued at around $119.8 million [1]. Campbell & CO Investment Adviser LLC also acquired a new stake in LVS, investing approximately $1.89 million during the first quarter by purchasing 48,848 shares [2]. These investments are notable given the current challenges faced by the Las Vegas tourism industry.

Las Vegas Sands reported a quarterly earnings per share of $0.79, surpassing analysts' expectations of $0.53, along with a 15% revenue increase year-over-year to $3.18 billion [1]. The company announced a quarterly dividend of $0.25 per share, translating to an annualized dividend of $1.00 and a yield of 1.8% [1]. This positive financial performance may have contributed to the increase in institutional ownership.

The decline in tourism in Las Vegas is a significant concern for the U.S. economy, as consumer spending is a key driver of GDP. The city's tourism industry is seen as a warning sign, with visitor numbers down 11.3% year-on-year in June and 7.3% across the first six months of the year [1]. The decline is attributed to President Trump's economic policies, including a global trade war and immigration crackdown.

Despite these challenges, Las Vegas Sands has shown resilience in its financial performance, which may have encouraged institutional investors to increase their stakes. Analysts have also shown a generally positive outlook, with several firms upgrading their ratings on LVS [1]. The company's ability to maintain strong earnings and revenue growth in the face of declining tourism numbers suggests that it may be well-positioned to weather the current economic headwinds.

References
[1] https://www.marketbeat.com/instant-alerts/filing-northern-trust-corp-purchases-12593-shares-of-las-vegas-sands-corp-lvs-2025-08-24/
[2] https://www.marketbeat.com/instant-alerts/filing-campbell-co-investment-adviser-llc-takes-189-million-position-in-las-vegas-sands-corp-lvs-2025-08-26/