Las Vegas Reviving

Well not exactly.  The real estate in the area is still bottoming and the casino hotels are trying their best to attract cash strapped visitors by slashing room prices to new low levels never seen.  The two casino giant, Las Vegas Sand (LVS) and MGM Grand (MGM), scared investors as both dropped to as low as $1.38 and $1.81 respectively.  LVS was trading as high as $83.13 and MGM was trading as high as $61.97 during the past 52 weeks.  

So are the casinos dead?  Recent run on both LVS and MGM shows bargain hunters are eyeing the casino stocks as both are now trading at $5.13 and $6.22, up 100% in just a month.  Maybe it's a good time to get into these casino giants while they are cheap:

• Las Vegas Sand (LVS)
• MGM Grand (MGM)
• Wynn Resort (WYNN)
• Riviera (RIV)