It appears that investors have for the last 3 months have been seriously dumping Macau related casino stocks, just look at the numbers below to give you some indication. The question remain will they ever recover again to previous highs? Maybe it is a blessing in disguise that Stanley Ho’s IPO has been blocked after all!

Las Vegas Sands (LVS) Down +/- 50% down to $74.46. One year high $148.76

Wynn resorts Limted (WYNN) +/-45% down to $96.89. One year high $176.14

MGM Mirage (MGM) +/- 33% down $67.81. One year high $100.15

Melco PBL (MPEL) +/- 55% down to $9.98. One year high $22.34

All these casino stocks are being put on the sell block. They all are appearing to be particularly bearish stock along with MGM MIRAGE (MGM) which reported a negative rating despite beating earnings estimates.

The news that casinos in Macau are also disappointing producing lower than expected income, where growth is now appearing to be well below estimates. Now may well be the time to get out of these stocks.

• Macau General News December 2007 Packer gets Crowned Fitch Ratings will lower the credit rating for James Packer's gambling concern - Crown Limited - after its decoupling from the PBL media group. Fitch said it...
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