Slow Beginning To Trading Week For US Casino Stocks

Posted by admin | Casino News | Friday 3 July 2009 6:37 pm


Las Vegas Sands
Casino operators were back checking their stocks on Monday morning after the Fourth of July holiday weekend, and what they found was that everything stayed pretty much the same. There was no major movement from US casino company stock.

Wynn Resorts had dropped 2.51% at mid-day, to $32.55. They began the day at $33.40, and opened on Monday at $32.68. Wynn has not seen much movement in the past several weeks and remains the most stable of all casino stocks.

Las Vegas Sands was having the worst day on Monday. The company’s stock had fallen by 5.71%, to $6.94 a share. It was a $.42 drop, but there is still an hour worth of trading left in the day.

MGM Mirage fell 3.38% from the opening of the trading week. They currently have their stock sitting at $5.72 a share. The company is still in the process of completing their CityCenter project in Las Vegas.

Pinnacle Entertainment is another of the companies that may be wishing that the holiday weekend lasted one more day. They have watched their stock drop over six percent today. It currently sits at $8.51, while Ameristar Casinos Inc. is at $17.93 a share, down just over five percent.

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