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Highest Level of Cash in the Casinos & Gaming Industry Detected in Shares of Las Vegas Sands (LVS, MGM, WYNN, PENN, SGMS)

Written on Sun, 05/02/2010 - 10:37am
By Chip Brian

Below are the top five cash rich companies in the Casinos & Gaming industry as ranked by Cash Equivalents (CE). Analysts use CE as a measure to compare the cash cushion of companies in the same industry.
Las Vegas Sands (NYSE:LVS) ranks first with CE of $4.96B; MGM Mirage (NYSE:MGM) ranks second with CE of $2.06B; and Wynn Resorts (NASDAQ:WYNN) ranks third with CE of $1.99B.
Penn National Gaming (NASDAQ:PENN) follows with a CE of $713.12M and Scientific Games (NASDAQ:SGMS) rounds out the top five with a CE of $260.13M.
SmarTrend is bullish on shares of LVS and our subscribers were alerted to Buy on November 11, 2009 at $17.51. The stock has risen 42% since the alert was issued.

Keywords: Las Vegas Sands cash equivalents

Ticker(s): LVS MGM WYNN PENN SGMS

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