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US Gaming Stocks Leveling Out In February And March

US gaming stocks, for the first time in history, were subject to the economical problems surrounding them in 2008. While previously the stocks were said to be immune from any type of economic trouble, in 2008, stocks such as Las Vegas Sands, MGM Mirage, and dozens of others saw their prices drop drastically.

Late last year, the stocks started to rebound, and analysts started predicting that the gaming stocks were again a strong buy. That helped lead to a revival in prices, but over the past two months, that revival has hit a roadblock, and prices have begun to level off.

MGM Resorts closed the day Wednesday with a price of $14.12, down almost two percent on the day. That price has become a central figure, as back on February 3rd, MGM's stock price was $14.37. Over the month and a half in between, the price has risen as high as $14.74, and as low as $13.08.

Las Vegas Sands has seen its stock rise from just over $5 a share during the height of the recession, to $55.96 Wednesday. The Sands stock has been helped greatly by the success that Sheldon Adelson's company has had in Macau. Adelson took a risk when he entered Macau, and the risk paid off in recent years when Macau became the casino gambling capital of the world, thanks largely to Asian gamblers coming from mainland China. Since the beginning of February, Sands stock has risen just over $4 a share.

Wynn Resorts has remained the top US gaming stock on the market, performing well above its rivals. On Wednesday, Wynn stock closed at $126.08, more than double the stock price of its closest competitor, LVS. Wynn stock has jumped more than $6 a share over the past month, leading analysts to believe the stock is the most stable in the US.

"Wynn has built themselves a nice following of investors that believe in the product and the direction that Steve Wynn has taken the company since the recession," said Gaming Analyst Brad Dawkins. "It is unlikely that any gaming stock will approach the price that Wynn has enjoyed. The more likely scenario is that Wynn opens up their stock price lead in the coming months."

Other US stocks that closed the day down were Boyd Gaming, down over two percent, at $8.12, and Melco Crown, which dipped to $13.57. Ameristar Casinos joined Wynn as the only two stocks that increased Wednesday. Ameristar closed at $20.93, up 2.65%.

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