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TheStreet Open House

7 Casino Stocks to Play

1. Las Vegas Sands (LVS - Get Report) owns and operates The Venetian Resort Hotel Casino, The Palazzo Resort Hotel Casino and The Sands Expo and Convention Center in Las Vegas, Nevada, and the Sands Macao, The Venetian Macao Resort Hotel, the Four Seasons Hotel Macao, Cotai Strip and the Plaza Casino in Macau.

Net revenue for the first quarter of 2011 increased 58% to $2.1 billion, vs. $1.3 billion in the year-ago quarter, driven by $584.9 million net revenue at Marina Bay Sands, which opened in April 2010, as well as increases at its Macau operations. Casino revenues increased $602.7 million year-over-year, with $464.4 million generated from Marina Bay Sands and $186.8 million from its Macau operations, boosted by Rolling Chip volume at The Venetian Macao and Sands Macao. Subsequently, adjusted net income surged to $299.4 million or 37 cents per share, compared to $53.5 million or 7 cents per share in the first quarter of 2010.

Analysts at Brean Murray recently initiated coverage on the stock with a buy rating and a price target of $53 citing growth in Asia, the Cotai expansion and upside potential in Singapore.

Of the 29 analysts covering the stock, 76% recommend a buy and the rest a hold. There are no sell ratings on the stock. On average, analysts estimate 21.3% upside to $53.32 in value from current levels.

>>To see these stocks in action, visit the 7 Casino Stocks to Play portfolio on Stockpickr.

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ASCA $0.00 0.00%
BYD $13.90 0.51%
LVS $54.74 0.09%
MGM $21.53 0.65%
MPEL $22.05 -0.63%


DOW 17,664.48 -13.75 -0.08%
S&P 500 2,055.95 -0.20 -0.01%
NASDAQ 4,865.5530 +2.1910 0.05%

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