Vegas making a Comeback (MGM, WYNN, LVS)

Vegas Stocks (MGM, LVS, WYNN)

Gambling company bonds are this month's best performers in U.S. high-yield debt, returning 3.35% as Vegas numbers are improving.  Las Vegas strip gambling revenue jumped 21% in August and equity raises are continuing, with MGM (NYSE:MGM) selling $511 million in stock this month and a $575 million Harrah's IPO on the way.

Las Vegas Sands is a Buy (LVS)

Las Vegas Sands

The chart for the Las Vegas Sands Corp. (NYSE:LVS) is a work of art, tack on it just hit a new 52-week high, paying down debt, Macau is money, and the upgrades are coming in -- time to buy.

Vegas Stocks Baby, Vegas: MGM, Wynn, Las Vegas Sands

Vegas Stocks (MGM, LVS, WYNN)

Looking for a reason to go all in on the Las Vegas Sands (NYSE:LVS), MGM Resorts (NYSE:MGM) or Wynn Resorts (NYSE:WYNN)?  We turn to Forbes.com for a few bullish reasons why the big casino stocks may be worth your hard earned dollars using options.

Las Vegas Sands Shares Win Big in 2010

Las Vegas Sands

Las Vegas Sands Corp (NYSE:LVS) shares are up 227% in 2010, and are now trading just less than 50 Cents from its 52-week high.  Wall Street is in love with LVS and this week alone shares have moved up another 10%.

2010 Will Rock the Market Vectors Gaming ETF (BJK, WYNN, LVS)

Casino Stocks (LVS, MGM)

Think Vegas and the big Casino stocks are dead? Think again, to quote Robert Denrio from Casino (1995): In the casino, the cardinal rule is to keep them playing and to keep them coming back. The longer they play, the more they lose, and in the end, we get it all. Rather than go all in on the Las Vegas Sands (NYSE:LVS) or the Wynn Resorts (NASDAQ:WYNN) cover your spread by just using the Market Vectors Gaming ETF (NYSE:BJK)

Volume-Price: Fannie, Freddie, MGM and The Sands (NYSE:FNM),(NYSE:FRE),(NYSE:MGM),(NYSE:LVS)

Volume-Up.jpg

Stocks making strong gains Monday on heavy volume include Fannie Mae (NYSE:FNM), Freddie Mac (NYSE:FRE), MGM MIRAGE (NYSE:MGM) and Las Vegas Sands Corp. (NYSE:LVS).

Sands Plans to Open Macau by 2011 (NYSE: LVS)

Las Vegas Sands

The word on the Street is that Las Vegas Sands Corp. (NYSE:LVS), which hopes to raise about $5.15B, will open most of its stalled Macau monstrosity by the end of 2011.  Then, LVS China will result in the company almost tripling its hotel rooms in the world’s biggest gambling hub.

Casino Stocks Down on Luck (LVS, MGM, TRMPQ, MPEL)

Casino Stocks (LVS, MGM)

After some recent impressive gains, a few big name casino stocks are dropping fast today, and the magic number is -8%.  Such is the case for the Las Vegas Sands (NYSE:LVS), MGM MIRAGE (NYSE:MGM), Melco Crown Entertainment (NASDAQ:MPEL), and Trump Entertainment Resorts (OTC:TRMPQ) all down 8% in today's session.

Las Vegas Sands Shares Could Fall More with Downgrades

Las Vegas Sands

Las Vegas Sands Corp (NYSE:LVS) shares lost 16% yesterday with shares now in the $9 range after reporting dissapointing Q2 09 results and Moody's Investors Service placed the  ratings on review for possible downgrade following the Q2 loss.

Gambling with MGM and Las Vegas Sands

Vegas Stocks (MGM, LVS, WYNN)

Shares of MGM MIRAGE (NYSE:MGM) and Las Vegas Sands (NYSE:LVS) trade more like Penny Stocks these days, both are up big today with the MGM already up 33%, roll the dice baby.

Syndicate content

WallStNation.comThanks for visiting WallStNation.com, to assist your investing research try using our Search (click to access) or review the list of Tickers (click to access) that link directly to articles related to the given stock/security.

To Browse our Most Recent Stories (click here)


Share WallStNation.com Content

Share this article with others, WallStNation.com is the Independent Wall Street Newspaper. Thanks for Reading!

Daily Market Summary




Please Review the WallStNation.com Disclaimer and remember that information provided by our site is at the investor's sole financial risk. Please Review for more Details