Casino and Gaming Stocks Overview

November 2, 2011
Casino and Gaming industry is one of the few market segments that is not subject to serious ups and downs even in under general crisis economic conditions.
Over the recent week (October 24-28) Casino and Gaming industry of the Services sector gained 14.21%. Moreover, trading signals revealed that 20 of around 28 companies in the sector reported growth in their stock price which indicates stable performance and development of principal companies within casino and gaming industry.
Top performing stocks:
Las Vegas Sands Corp. (NYSE: LVS) closed recent trading at $48.13 or 2.73% up on October, 28. Over the entire weekly session the company gained 11.00%. At the current stock price the company market capitalization is equal to $35.14 billion. The company’s revenue for the third quarter 2011 is reported to reach $2.41 billion, which indicates a 26.2% rise as compared to $1.91 billion for the same period of 2010. Las Vegas Sands Corp. is one of the premier international developers of integrated resorts that offer supreme quality gaming and entertainment, world-class accommodations and many other amenities.
The most profitable day for Wynn Resorts (NASDAQ:WYNN) was Thursday, October 27 when the company’s shares surged to over $137.00 and closed the daily session at $136.89 which is 6.5% higher than on the previous day. On the last weekly session day WYNN gained additional $1.14 to add up 0.83% to the entire stock price increase. Wynn Resorts, Ltd. owns and operates two destination casino resorts: in Las Vegas, NV and Macau.
After falling as low as $10.415 on Wednesday October, 27 Melco Crown Entertainment (NYSE:MPEL) showed an increase of 13.5%. The stock is currently trading 5.6% over its 50-day moving average and 11.4% higher than its 200-day moving average. In the last 52 weeks MPEL stocks were trading as low as $5.55 and as high as $16.15. The current company’s P/E ratio amounts to 61.10. Melco Crown Entertainment Ltd. is a casino gaming operator that provides entertainment facilities for the Macau gambling jurisdiction via its subsidiary Melco Crown Gaming.
The shares of WMS Industries Inc. (NYSE:WMS) gained 4.08% before closing the weekly session. The recent trading week started for the company with a rise followed by a drop on Wednesday, October 26 when the company hit its weekly low of $19.78. If compared with the opening price of $20.30 on Monday the WMS shares gained 8.4% to reach its weekly high of $22.17 at the end of the trading week. WMS Industries Inc. is involved in the gaming industry by manufacturing video gaming machines, video lottery terminals and gaming machines based on mechanic reels.
As it transpires from the brief weekly trading summary Casino & Gaming industry is worth considering investment. Furthermore, given the international changing attitude to the issues of gambling legalization in a wide number of jurisdictions the industry profit is supposed to keep on growing offering higher dividends to the investors quarter by quarter. A number of companies in the sector are estimated as having potential heavy volumes over the oncoming trading week.
For more details on the recent stock trading trends visit Portfoliorunner.
By Michael Goodman

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