Melco Crown Leads Another Rough Gaming Stock Day On US Market
- By Ryan Blalock
- Published 02/4/2010
- Gaming Stock News
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Melco Crown Entertainment It has been a rough couple of days for US-based gaming stocks, and Thursday proved to be another downer. Melco Crown experienced one of the worst drops, falling 9.78% from the start of the day.
Melco stock dipped $.37, which does not seem like an awful drop, but considering the stock's price is now only $3.42, it represents a big percentage fall. The company has been slowly in decline for the better part of the past year.
Ameristar Casinos did not fare much better. The company had its stock price drop to $14.44, taking a loss of $1.47, or 9.24%. Pinnacle Entertainment stock finished the day at $7.42, down over seven percent.
The strongest of the US gaming stocks remains Wynn Resorts. That does not mean, however, that all days are good ones for Wynn. On Thursday, the company's stock dropped by $3.40, the largest price drop of the day. Wynn stock closed at $60.84.
MGM Mirage and Las Vegas Sands could not buck the trend, either. MGM stock finished at $10.79, and sands stock closed at $15.37. The gaming stocks will look to rebound in end of the week trading on Friday.
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