Casino Stock Falls on High Volume (LVS, MGM, WYNN)

Shares of the casino stocks took a knock after yesterday’s sharp fall. The Chinese gambling enclave saw a 65% surge in gaming revenue in June to $1.69 billion. While this was lower than May's all-time high, results were in-line with Wall Street's expectations.

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Looking ahead, however, comparisons get more difficult for Macau, as July 2009 marked the first month of year-over-year growth in Macau

Las Vegas Sands Corp. (Public, NYSE:LVS) is the biggest percentage loser and fell 2.25% to $21.38 after falling 2% in yesterday’s session.

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.

Wynn Resorts, Limited (Public, NASDAQ:WYNN) slid 2.90% to $73.93 with over 668K shares. The stock is up over 25% so far this year. The stock has a 52-week range of $29.05-$93.99.

Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts. It owns and operates two destination casino resorts Wynn Las Vegas.

MGM Resorts International. (Public, NYSE:MGM) slid 3% to $9.40 on heavy volume of 6.50 million shares. The stock is up over 2.50% so far this year. The stock has a 52-week range of $5.34-$16.66.

MGM Resorts International, formerly MGM MIRAGE, is a holding company engaged in gaming, hospitality and entertainment. The Company owns and operates casino resorts, which includes offering gaming, hotel, dining, entertainment.

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