The casino sector is one that has been beaten down as consumer spending has dropped in the past year or so.  During this recession expendable income is not something many people have, especially on something as risky and unpredictable as gambling.  As the economy begins it’s recovery however we expect the casino industry and it’s stocks to rebound and Las Vegas Sands (LVS) should greatly benefit from this rebound.  Las Vegas Sands is up this year, almost 40%.  It has greatly rebounded from it’s 52-week low of $1.38 which it hit in early March as the markets hit their 12 year lows.  Since that point the stock has surged $6.72 (473%) in the past 3 and a half months and it finished Friday’s trading session at $8.14 a share.  Although this is an incredible jump in a short amount of time we still believe the stock has a lot of upside potential in the future, short term and long term.  Las Vegas Sands an extremely volatile stock, with a beta of 4.71, and with this volatility the stock is a risk but can make great upswings in a short amount of time.  We saw the great volatility of the stock in late 2007 when the stock market began to crash.  LVS was trading at almost $140 a share on October 26th 2007, and by January 18th, 2008 the stock had dropped to $75 a share, a drop of 46% in less than three months.  If the market drops in the short term look for a good opportunity to pick up shares of this stock.  Although the stock is a gamble, we expect gambling and casino traffic to be up in the near future which should boost these shares higher.