LVS

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)

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).

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.

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 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.

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.

Las Vegas Sands Corp. (NYSE:LVS) is at $1.60 this morning and MGM Mirage (NYSE:MGM) isn't doing much better at $1.87 as investors make bets on if these two Casino stocks will survive.

If you took the gamble after Las Vegas Sands (NYSE:LVS) hit $2.13 yesterday you are a happy trader today, LVS shares are up 35% or 76 Cents after Bernstein Research came to the rescue.

A year ago Las Vegas Sands Corp. (NYSE:LVS) shares were over $90 and today LVS shares hit $2.13 before ending the day after-hours at $2.23.  Where's the bottom for the Casino Stocks?

Las Vegas Sands Corp. (NYSE:LVS) down another 16% today to $5 and change a share, yet CEO Sheldon Adelson remains “committed” to its $4-billion Singapore casino.  Money well spent for shareholders?