Cramer Thinks Major Casinos Like MGM And Las Vegas Sands (LVS) Are Done

Today, in this market malaise, Jim Cramer responded to a post on RealMoney's columnist conversation regarding Las Vegas casinos, such as MGM Mirage (NYSE: MGM) and Las Vegas Sands (NYSE: LVS). Cramer is very bearish on both MGM and Las Vegas Sands.

Below is what Jim Cramer posted on his Real Money message board.
"Frankly i dont see how MGM or (Las Vegas Sands) LVS makes it. Vegas is getting killed and the Chinese are being really tough about Macau... Kerkorian obviously will do everything he can to keep this going but so did Adelson... I am very bearish about everything Vegas..."

MGM MIRAGE is a gaming company. It is engaged in the ownership and operation of casino resorts.
Las Vegas Sands Corp. (LVSC) owns and operates The Venetian Resort Hotel Casino (The Venetian), The Palazzo Resort Hotel Casino (The Palazzo).
Sign up at EasyStockAlerts.com To Be Alerted To Your Stock News Today!

You May Also Be Interested In

• Alphabet (GOOGL) called a 'secular short' by Tae Kim
• Macquarie cuts Macau gaming sector forecasts on weak GGR growth
• Burry covers half of his Oracle short bet