J. Christoph Amberger says the casino industry is following the automaker sector into deep water. He says Las Vegas Sands Corp. (NYSE:LVS) stock is likely to keep on sinking as access to credit dries up. Short traders have a chance to make 20-30% gains by Christmas.

The casino industry has been one of the worst hit by the global downturn. But Jim Stanton says last week’s impressive rally could signal a bottom for sector “stalwarts” like LVS, WYNN and MGM . And mutual fund GACFX is a great way to spread risk on gaming sector investments.

Investors who abandon China now will live to regret their decision, says William Patalon III in Money Morning.

William says every successful investor needs a China investing strategy, despite the fact that China’s benchmark index, the Shanghai stock index, is down 56% so far this year.

Following Jim Rogers’ bullish comments on China in a recent exclusive interview with Money Morning, Bill gives six reasons to invest in China and five solid China profit plays.

Traditional wisdom says vice stocks, such as MGM Mirage (NYSE:MGM), Las Vegas Sands (NYSE:LVS), Wynn Resorts (NASDAQ:WYNN), are supposed to do well in tough economic times.

Today’s Financial News editor J. Christoph Amerger says if they are it’s news to MGM Mirage. On Tuesday, the company’s stock had plunged 10% since the casino complex opened.

The reality is the economically depressed may not have the money to fly to Las Vegas. J. Christoph says stay away from this sector…

Brian Hunt brings you the New Highs and Lows of note last week.

Editor’s Note: Money Morning’s William Patalon III says Dubai’s oil-sponsored development bonanza could yield some great returns on well-placed investments. At the top of the list is Dubai’s ambitious $82-billion plans for the aerospace industry.

There’s an old adage in business that big contracts command big headlines. But bigger isn’t always better. All too often, companies that focus only on big contracts discover there are very lean stretches between contract awards. And that affects the predictability of their earnings.

Citing the global inflation epidemic as a key threat to growth, JPMorgan Chase & Co. (JPM) made double-digit cuts to its 2008 stock index forecasts for several major Asian economies.