Casino Stocks Off day’s Low (LVS, WYNN, MPEL)

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After Opening sharply lower, now most of casino stocks have recovered from their day’s low and in fact some of the stocks turned positive.

Las Vegas Sands Corp. (NYSE:LVS) is the most volatile stock in today’s session and has recovered almost 6% from its day’s low of $13.95 and now trades at $14.75, down just 2.50%. Last week the stock was very volatile and slipped over 6%. Las Vegas Sands Corp (LVSC) owns and operates The Venetian Resort Hotel Casino (The Venetian Las Vegas), The Palazzo Resort Hotel Casino (The Palazzo) and The Sands Expo and Convention Center (the Sands Expo Center) in Las Vegas, Nevada, and the Sands Macao, The Venetian Macao Resort Hotel (The Venetian Macao) and the Four Seasons Hotel Macao, Cotai Strip (the Four Seasons Macao) in Macao, People’s Republic of China (China).

Wynn Resorts, Limited (NASDAQ:WYNN) has recovered smartly and now back in green and up 0.20% after falling as much 4% earlier in the session. Last week the company announced its quarterly result and fell over 13%. Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts. It owns and operates three destination casino resorts: Wynn Las Vegas, on the Strip in Las Vegas, Nevada, Encore at Wynn Las Vegas located adjacent to Wynn Las Vegas, and Wynn Macau, located in the Macau Special Administrative Region of the People’s Republic of China (Macau). The Company is also constructing Encore Wynn Macau, an expansion of its Wynn Macau resort.

Melco Crown Entertainment Ltd (NASDAQ:MPEL) is the top percentage gainer among casino stocks and climbed up over 6% at $5.26 after making a day’s low of $5.00. last week the stock fell over 10%. Melco Crown Entertainment Limited (MPEL), formerly Melco PBL Entertainment (Macau) Limited, is a developer, owner and, through its subsidiary Melco Crown Gaming, operator of casino gaming and entertainment resort facilities focused on the Macau market.

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