The casino sector saw a strong run higher in the last six weeks as many of the big players in Las Vegas have begun to make arrangements to restructure their debt situations. The market has also been receptive to some equity issues by the casinos as the DOW rallied off of the low in the 6500 range.

Las Vegas Sand Corp. (http://www.lasvegassands.com/ ) and Wynn Resorts Limited (http://www.wynnresorts.com/) are on investor's radars for their exposure in Asia. The Asian economy has been quicker to recover and many investment houses are telling clients that LVS and WYNN are well positioned in Macau to move higher based on good results in those casinos.

MGM Mirage Inc. (http://www.mgmmirage.com/) was in the news on Friday. They continued to work on the re-structuring and repositioning of the company's debt structure. The favourable results from the company have not gone un-noticed by equity players. In May the company successfully raised $1 Billion USD.

Although the casino stocks have paused recently, the rally should resume as we get more indications that the economy continues to turn around.

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PennyStockChaser has been watching the following casino stocks: Melco Crown Entertainment Ltd , International Game Technology and Boyd Gaming Corp. .

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