These Vegas Stocks are Waiting to Pounce on Online Gambling

Executives with privately-owned online gaming platform provider U.S. Digital Gaming hit the talk show circuit as momentum grows in Washington and Las Vegas for legalization of online gaming . The future seems bright for the venture, with politicians aware of the endless flow of cash past taxing authorities to offshore betting sites and profit estimates ranging as high as $73B by 2015.

These stocks could heavily benefit from legalized online gambling:

Las Vegas Sands Corp. (NYSE:LVS): LVS shares recently traded at $45.31, down $0.52, or 1.13%. They have traded in a 52-week range of $36.05 to $51.05. Volume today was 6,040,528 shares versus a 3-month average volume of 16,860,900 shares. The company’s trailing P/E is 30.21, while trailing earnings are $1.50 per share.

Wynn Resorts Ltd. (NASDAQ:WYNN): WYNN shares recently traded at $113.59, down $4.04, or 3.43%. They have traded in a 52-week range of $99.21 to $172.58. Volume today was 2,164,433 shares versus a 3-month average volume of 3,775,710 shares. The company’s trailing P/E is 26.51, while trailing earnings are $4.28 per share.

MGM Resorts International (NYSE:MGM): MGM shares recently traded at $10.13, down $0.23, or 2.22%. They have traded in a 52-week range of $7.40 to $16.94. Volume today was 6,902,442 shares versus a 3-month average volume of 21,658,200 shares. The company’s trailing P/E is 1.75, while trailing earnings are $5.79 per share.

International Game Technology (NYSE:IGT): IGT shares recently traded at $17.36, down $0.14, or 0.8%. They have traded in a 52-week range of $13.38 to $19.15. Volume today was 1,822,162 shares versus a 3-month average volume of 4,259,810 shares. The company’s trailing P/E is 18.45, while trailing earnings are $0.94 per share.

Boyd Gaming Corp. (NYSE:BYD): BYD shares recently traded at $6.58, down $0.05, or 0.75%. They have traded in a 52-week range of $4.12 to $12.78. Volume today was 326,353 shares versus a 3-month average volume of 1,625,620 shares. The company’s trailing earnings are $-0.12 per share.

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