Why Las Vegas Sands, Wynn Stocks Are Double-Risk Bet
Posted on January 10, 2013 at 08:02 AM EST
With gamblers returning to Las Vegas and Macau -- and investors bullish on Wall Street, casinos that have resorts in both locations are seeing their stocks soar. Shares of Las Vegas Sands (LVS), Wynn Resorts (WYNN) and MGM Resorts (MGM) have vaulted since the beginning of the year. At market close Wednesday, Sands was up 14%, MGM 11% and Wynn 8%. Shares of all three have advanced every day but one this year. ISI Group analyst Ian Weissman said