This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

7 Casino Stocks to Play

NEW YORK ( TheStreet) -- JPMorgan is bullish on Macau gaming companies and has raised its price target for companies across the board. Specifically, the rating agency is positive on Wynn Resorts (WYNN - Get Report) and Melco Crown (MPEL - Get Report).

In June 2011, gaming revenue in Macau soared 52.4% to $2.6 billion from the year-ago month, indicating Chinese tourists' penchant for gambling. Meanwhile, for the first half of the year, Macau's total gaming revenue increased 44.6%.

During May 2011, Nevada, which accounts for almost 60% of U.S. casinos, recorded 16.2% increase in total gambling winnings over the year-ago month. With majority of the states in the U.S. focusing on casinos and racinos, lotteries remain the primary source of gambling revenue, generating $16.3 billion nationwide during fiscal 2010. Las Vegas, the city famed for casinos, recorded revenue growth of 28.9% in May.

A Bloomberg consensus expects these seven stocks from the casino industry to generate attractive returns over the next 12 months. The stocks could gain 5% to 21% with 57% buy ratings and 36% hold recommendations.

1 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
BYD $13.22 0.76%
LVS $55.55 1.90%
MGM $22.34 1.90%
MPEL $21.94 0.85%
PENN $16.85 0.60%


DOW 18,094.22 +56.25 0.31%
S&P 500 2,112.43 +3.51 0.17%
NASDAQ 5,064.9490 +4.7030 0.09%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs