When looking at valuation, Las Vegas Sands (LVS 0.97%), Melco Crown (MPEL 1.62%), MGM Resorts (MGM 1.87%), and Wynn Resorts (WYNN 0.88%) are pretty evenly matched. The big difference among these stocks right now comes down to risk and reward. Gaming analyst Travis Hoium covers who's high-risk and who's low-risk in the video below.









