I remember buying this stock for $80 and then selling it as it topped around $110. Well it has come a long way since then; basically, they extended and over-extended themselves just as the economy and the credit climate was crashing. The stock reached a ridiculous low around 1.50 in March. I wasn't quite ready to get in then but by July I was eyeing up casino stocks again, looking at MGM and this puppy. I bought LVS in real life around $14.
They have a huge Macao presence and though they have been sucking wind lately, in a few years once the economy has fully recovered (and once their Macao business is fully up and running) they will be making bank. It will never recover its lofty highs, but it doesn't have to get even close for us to make a nice chunk off it.
If you do buy, beware that it is choppy. If the market is down 1% it may be down 3 or 4. The first up-day though it will pop back up. So I have learned w/ this and MGM to hold on and not get too antsy.