Casino stocks on rise for some
Posted by Carl Barnett on 30 Apr 2010 at 12:04
Stocks for some of the world’s major casino organisations are showing signs of becoming very healthy, with a great amount of growth for the year to date. Las Vegas Sands Corp has proven to be particularly resilient in the face of the recession.
The company has seen a massive rise of 70% in the year to date figures for 2010, and continues to see the share price rise at a very positive rate on a daily basis.
Wynn Resorts – whose CEO has recently suggested he may advance into Macau – has seen an equally impressive set of figures as regards share price in the year to date, with a 55% increase.
The worry for some investors is that there may not be a terribly large amount of room for improvement in the future if the shares are doing so well already, but many analysts are saying that they think the companies are performing well, but can move even further as the year progresses.
Wynn’s stock has particular promise in it, due to the fact that the company is openly expanding.
