Las Vegas Sands Stock Jumps Ten Percent Monday
- By Jack Swank
- Published 02/1/2010
- Gaming Stock News
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Las Vegas Sands It was a strong start to the trading week for many of the top US gaming stocks. Las Vegas Sands led the way with an increase of over ten percent and more than a dollar and a half a share.
Sands stock had dipped on Friday all the way to $15.38 after having a nice run to finish off 2009. On Monday, however, the stock rallied, increasing by $1.61, or 10.39%. The stock closed at $17.11.
Other gaming stocks found themselves in similar situations to Sands, only not with as big of a jump. Wynn Resorts stock rose to $65.54, a jump of $3.66, or 5.91%. Wynn remains the most stable of all the US-based gaming stocks.
MGM Mirage also increased on Monday to $11.82. The stock climbed 6.87%, or $.76. MGM is gearing up for an initial public offering in Asia later this year. Sands and Wynn Resorts both had IPO's last year in Asia.
With all of the companies that had stock increases on Monday, there still were those whose price dropped. Century Casinos, Inc. fell less than one percent, finishing the day at $2.49. Monarch Casino & Resort fell 2.52%, to $6.97.
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