Gaming's Las Vegas Sands (LVS) (WYNN) (MGM) Not Impressive

Even though there have been what is called "positive" moves to the upside, the gaming industry is anything but healthy, and the recent results from Las Vegas Sands (NYSE:LVS) confirms there are a lot of challenges remaining from the fragile global economy.

When you have to rely on luck like Wynn Resorts (Nasdaq:WYNN) did last quarter to post an even fair quarter, you know there is pressure in a sector.

The quarterly report from MGM Resorts (NYSE:MGM) also had a very small upside surprise, but it isn't anything to get excited about, as the company still lost $0.18 a share.

Las Vegas Sands reported a net revenue increase of only 4.5 percent quarter over last quarter to $2.11 billion and adjusted property EBITDA increased a tiny 0.9 percent to $745.7 million. The numbers weren't even that good though, as an increase in property EBITDA at Four Seasons Macau
made things look a lot better than they were.

Adjusted EPS fell way below analysts' estimates of $0.44, coming in at only $0.37 a share.

Melco Crown (Nasdaq:MPEL) reports its earnings in about two weeks.

Las Vegas Sands was trading at $42.57, falling $3.30, or 7.19 percent, as of 2:15 PM EDT. Wynn Resorts was trading at $142.63, down $3.45, or 2.36 percent. MGM is trading at $14.31, gaining $1.41, or 10.98 percent.