Casino Stocks Higher (LVS, MPEL, BYD)

Las Vegas Sands Corp. (NYSE:LVS) added 1.35% to $52.68. Last week, the company announced that its Board of Directors has declared a quarterly dividend payment of $2.50 per share on its outstanding 10% Series A Cumulative Perpetual Preferred Stock to stockholders of record at the close of business on November 2, 2010. The dividend payment will be made on November 15, 2010, as specified in the Certificate of Designation for the preferred stock. The stock went up more than 252% year-to-date. Melco Crown Entertainment Ltd (NASDAQ:MPEL) jumped 5.02% to $6.90. Last week, the company posted a profit for the third quarter, driven by higher revenues. Net income for the third quarter was US$15.78 million or US$0.03 per American Depository Share or ADS, versus a loss of US$39.49 million or US$0.08 per ADS in the year-ago quarter. On average, analysts polled by Thomson Reuters expected the company to post a loss of US$0.01 per share in the quarter. Analysts’ estimates typically exclude special items. At current market price, the market capitalization of the company stands at $3.66 billion. Boyd Gaming Corporation (NYSE:BYD) went up 2.77% to $10.03. Late October, the company announced that it has priced its offering of $500 million aggregate principal amount of senior notes due 2018. The notes will bear interest at a rate of 9.125% per annum, payable semi-annually on December 1 and June 1 of each year, commencing June 1, 2011. The stock has a 52-week range of $6.70-$14.85. Disclaimer: The assembled information distributed by epicstockpicks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Epicstockpicks.com does expect that investors will buy and sell securities based on information assembled and presented herein. EpicStockPicks.com will not be responsible in any way for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails. PLEASE always do your own due diligence, and consult your financial advisor.
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