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Key Casino Players on the Rise – 3 Ways to Play the Industry - Beacon Equity Research

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Wynn Resorts Limited (NASDAQ: WYNN) is a Las Vegas, Nevada-based company that develops, owns, and operates destination casino resorts in Las Vegas and Macau.

Wynn Resorts reported its second-quarter financial results in July, posting second-quarter net revenue of $1 billion, an improvement from

$723.3 million reported in the second quarter of 2009. The year-over-year increase in revenue was primarily driven by a 74.1% increase in net revenues at Wynn Macau. The company reported second-quarter net income of $52.4 million, or $0.42 per diluted share, compared with $25.5 million, or $0.21 per diluted share reported in the second quarter of 2009.

Wynn Resorts stock has a 52-week range of $51.73-$102.75. The stock is currently trading above its 50-day and 200-day moving averages. It has a support level at $89.27 and a resistance level at $110.45. Year-to-date, the stock is up 74.79%.

Melco Crown Entertainment Limited (NASDAQ: MPEL) develops, owns and operates casino gaming and entertainment resort facilities, focusing primarily on the Macau market.

Melco Crown reported its second-quarter financial results in July, posting second-quarter net revenue of $573.6 million, up 166% over the second quarter of 2009. The increase was mainly due to the opening of City of Dreams in June 2009, which provided only a limited contribution in the previous year.

Melco Crown stock has a 52-week range of $3.26-$7.32. The stock is currently trading above is 50-day and 200-day moving averages. It has a support level at $5.39 and a resistance level at $5.88. Year-to-date, the stock is up 67.26%.

Las Vegas Sands Corp. (NYSE: LVS) develops, owns and operates casino gaming and entertainment facilities in Las Vegas and Macau.

In August this year, Las Vegas Sands reported that it will pay down more than $1 billion in outstanding debt in-line with the earlier announced proposed alteration of its U.S. credit facility. The company reported its second-quarter financial results in July, posting second-quarter net revenue of $1.59 billion, which is a quarterly record. The company’s second-quarter revenue increased 50.6% on a year-over-year basis.

Las Vegas Sands stock has a 52-week range of $12.95-$38.99. The stock is currently trading above its 50-day and 200-day moving averages. It has a support level at $36.23 and a resistance level at $40.50. Year-to-date, the stock is up 158.5%.

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BeaconEquity.com is committed to producing the highest-quality insight and analysis of small cap stocks, emerging technology stocks, hot penny stocks and helping investors make informed decisions. Our focus is primarily OTC stocks in the stock market today, which have traditionally been shunned by Wall Street. We have particular expertise with renewable energy stocks, biotech stocks, oil stocks, green energy stocks and internet stocks. There are many hot penny stock opportunities present in the OTC market everyday and we seek to exploit these hot stock gains for our members before the average daytrader is aware of them.

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