Big profit for Gaming stocks

| Published on May 13, 2009

This year the gaming stocks took a positive turn. Especially April was the lucky month. The 10 slot machine manufacturers and casino operators, which are charted by the financial consultant Applied Analysis based in Las Vegas, showed a double digit increases in their average stock prices. The casino operators didnâ€™t report their earnings yet, but soon they will. Boyd Gaming Corp. and Wynn Resorts Las Vegas Sands Corp. should report this week. Brian Gordon, a partner in Applied Analysis, claimed that nobody is really interested in the results from January through March, because the interesting part is the future so the insight offered looking forward. The question is, was April just a lucky month or the gaming sector is rising. We will see what happens next month, Gordon said.

The Las Vegas Sands had an incredible jump in its average daily stock price, more than 131 % over March. MGM Mirage jumped 97 %. The other casino companies like Regional casino operators Ameristar Casinos jumped 26%, Pinnacle Entertainment 44%, and Penn National Gaming 33%. In August last year, 9 of the 10 companies showed increases the last time, Applied Analysis reported. Still the incomes of the gaming stocks are lower than in April 2008.

The gaming stocks industry rises while the travel industry reached

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