Sands is one of several gaming companies eyeing the prospect of developing casinos in Thailand. In an interview with The Nation at a ceremony in Singapore to break ground on an $8 billion expansion there, Dumont said Thailand is falling behind due to delays and lack of clarity.

The casino and resort operator reported a strong second quarter. Mizuho raised its price target to $56 from $47, and reiterated an Outperform rating.

Las Vegas Sands made considerable capital investment in new or upgraded rooms and resorts and has penetrated the Macao and Singapore markets. See why LVS stock is a Hold.