MGM Mirage
MGM Mirage MGM Mirage stock has been steadily, but slowly, declining towards the end of the trading week, and on Friday the stock dropped by its largest percentage of the week. This comes after news surfaced of the company pulling out of the Atlantic City gaming industry.

On Friday, MGM stock dropped 5.95%, or $.70. The stock closed the week at $11.06. On Thursday it was revealed that MGM will be looking to sell its fifty percent share in the Borgata in Atlantic City.

MGM is looking to hold an initial public offering later this year in Asia, and they have partnered with Pansy Ho, daughter of Stanley Ho, on several projects. New Jersey gaming regulators have suggested that MGM cut their ties with Pansy Ho, saying she was an unsuitable partner.

Clearly, investors were keeping an eye on the Atlantic City situation when trading began on Friday. By the end of the day, MGM stock was close to dropping below $11 a share for the first time since January 11th.

Other US-based gaming stock also fell on Friday. Las Vegas Sands stock dropped to $15.50 a share, while Pinnacle Entertainment stock fell 2.86%, to $8.16. Melco Crown Entertainment, Isle of Capri Casinos, and Century Casinos also had minimal losses.

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