27 June, 2008- In Las Vegas the casino stocks were noted to be very low. This negative impact came due to the rise in the price of fuel, cutbacks on the flights to Las Vegas and also with the dropping consumer trust with the slower prospects of growth of casino in Macau, China.

Some stocks to name with like the Wynn Resorts’ were traced as the lowest since November 2006 with another stock that dropped very low since February 2006 named Las Vegas Sands.

The shares of MGM Mirage dropped by 6 percent, with this it hit a new 3 year low. Boyd Gaming is the company whose shares dropped sharply by more than around seventy percent in the past year and has reached the price on which they started trading early in 2003.

The short term investors are showing least interest in trading with these stocks. Whereas the Long term investors think that the analyst are overreacting to this down fall and the earnings associated with it is not as bad as it is told and they are hoping for the market to come up once there are some new resorts open for the business.

The critics say that the profit margin is going to devolve further.

The Wynn and MGM Mirage, when trading at higher price have brought back millions of shares, so there is still some confidence on investors.

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