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This afternoon, all of the leading casino stocks are trading lower with the major stock market indexes. The leading casino stocks are still generating good revenue from the Macao market. Many traders are waiting to see if the casino stocks will start trading like a U.S. stock instead of trading like a Chinese ADR.

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Casino Stocks Crap Out

Posted by inthemoneystocks on March 5th, 2012

This afternoon, all of the leading casino stocks are trading lower. Last night, China announced a lower growth forecast and this news could certainly be weighing on many of the large casino stocks. It is important to note that the Macau, China market has accounted for a large amount of the earnings for the casino operators.

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Las Vegas Sands Corp (NYSE:LVS) owns and operates The Venetian Resort Hotel Casino (The Venetian Las Vegas). Las Vegas Sands Corp achieved its new 52 week high price of $57.89 where it was opened at $57.34 down -0.44 points or -0.77% by closing at $56.38. LVS transacted shares during the day were over 16.21 million shares however it has an average volume of 10.50 million shares.

Las Vegas Sands Corp (NYSE:LVS) owns and operates The Venetian Resort Hotel Casino (The Venetian Las Vegas). Las Vegas Sands Corp achieved its new 52 week high price of $54.00 where it was opened at $53.92 down -0.47 points or -0.88% by closing at $52.79. LVS transacted shares during the day were over 7.99 million shares however it has an average volume of 11.12 million shares.

Las Vegas Sands Corp (NYSE:LVS) owns and operates The Venetian Resort Hotel Casino (The Venetian Las Vegas). Las Vegas Sands Corp achieved its new 52 week high price of $53.30 where it was opened at $52.20 up 0.48 points or +0.92% by closing at $52.55. LVS transacted shares during the day were over 10.53 million shares however it has an average volume of 10.66 million shares.

Casino Stocks Are A Wild Card

Posted by inthemoneystocks on February 3rd, 2012

Wynn Resorts Ltd (NASDAQ:WYNN) is considered the leading casino stock in the market. This morning, WYNN stock is trading lower by $5.27 to $115.59 a share. Yesterday after the closing bell, the company released earnings that were below analyst expectations. WYNN stock has been struggling to trade above the December 2011 highs which tell us that the stock has weak relative strength.

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Las Vegas Sands Corp (NYSE:LVS) owns and operates The Venetian Resort Hotel Casino (The Venetian Las Vegas), The Palazzo Resort Hotel Casino (The Palazzo) and The Sands Expo and Convention Center (the Sands Expo Center) in Las Vegas, Nevada, and the Sands Macao.

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