Casino Stocks Rallying As More Continue To Visit The Gambling Mecca (LVS, WYNN, MGM, BYD, ISLE, MPEL)

August 21, 2009 10:44 AM EDT
The casino sector continues to rally as investors are starting to be convinced that these casinos will survive and prosper under their loads of debt. In just the last two weeks, Las Vegas Sands (NYSE: LVS) has risen 27%. Now, there has been positive news attributed to Las Vegas Sands, such as it cutting costs by close to $100M annually and the recent news of its Hong Kong IPO. Las Vegas Sands is up 6.82% to $14.09 today.

Other casino stocks on the move today:
  • Wynn Resorts (Nasdaq: WYNN) up 1.95% to $56.60
  • MGM Mirage (NYSE: MGM) up 3.24% up $8.95
  • Boyd Gaming (NYSE: BYD) up 2.35% up $10.47
  • Isle of Capri Casinos (Nasdaq: ISLE) up 3.48% to $11.60
  • Melco Crown Ent (Nasdaq: MPEL) up 8.75% to $5.74

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