Posts Tagged ‘las vegas stocks’

Targets for Wynn and LVS Raised

Thursday, September 24th, 2009

Good news for the two large hotel operators in Las Vegas as New York is thinking much more highly of their performance and projections for the coming year. The casino and hotel operators saw their stock recommendations raised this week in the evaluation process.

Both hotels are quite high on the luxury list and absolutely qualify for the top hotels of the world. The both offer a tremendous experience for their guest and everyone that steps foot in their buildings for any kind of experience.

The companies were both doing poorly on the stock market and in every other way over the last year due to the economy among other things. They have straightened out their problems are both now back on track to perform better than last year and the years past.

The financial analyst have given LVS a outperform rating and are saying that it will definitely reach the target price of 24 dollars at a minimum before the end of this year.

The Wynn stock grew over 4 dollars yesterday when this news was announced and the LVS stocked jumped a bit as well. Both these stocks are probably a good idea to hold on to for a little while and especially if you love Vegas and you are a gambler you will hope that they continue to be successful and maximize your profits on that hope.

Bailout for Las Vegas Sands

Wednesday, September 9th, 2009

LVS which is the Las Vegas Sands corporation has announced earlier this week that they have received a very handsome bailout to the tune of six hundred million dollars to help keep their financials in order and recoup in the Macau project.

The Macau operations are planning an IPO in the near future and LVS as a company is showing much better numbers to all of the stock owners and share holders. This 600 million will help to keep the company away from bad debt that was a very possible scenario for 2009. Especially with the end of the year around the corner.

The company has had a tough go this year due to a series of events in the economy and the temperamental travel industry and that of recreational activities such as gambling. With the possibility of online casinos opening in the US the projections for LVS and other companies of the similar nature are very positive for the next few years in the future.

Unfortunately no one really knows what the exact future holds but all the predictions are pointing in the right directions and financial forecasters have upgraded the LVS stock rating to a “Buy” this is always a positive for investors and the stock holders as well. We will just have to wait and see what progresses but in the meantime seems like a good stock for anyone to pick up.