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Goldman Sachs Bets On Wynn, MGM And Las Vegas Sands

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Put your money on gaming names with operations in Las Vegas and Macau because better-than-expected results could emerge from the center of Asia's gambling industry.

At the same time, there continues to be a high level of interest in casino operators, and outside investors like U.K. buyout group Permira and state-run Dubai World are willing to pay high premiums, which is pushing up asset multiples.

This advice comes from Goldman Sachs analyst Steven Kent, who boosted his earnings estimates for Las Vegas Sands Corp. (LVS), Wynn Resorts Ltd. (WYNN) and MGM Mirage (MGM).

There is also an increased likelihood that these three major players will be able to create future growth by capitalizing on new opportunities in the U.S. and abroad - in places like Japan, Taiwan and South Korea, the analyst said in a note to clients.

Read the whole story at Seeking Alpha