Melco Crown Entertainment Stock Jumps Nearly Nine Percent
- By Ciara Trenton
- Published 03/8/2010
- Gaming Stock News
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Melco Crown Entertainment The trading week for gaming stocks began on Monday where it left off on Friday, with rising prices. The biggest gain of the day went to Melco Crown Entertainment, with an increase of almost nine percent.
Melco Crown has been one of the gaming companies that has often seen their stock price trend in the other direction of major US gaming stocks. On Monday, Melco stock closed at $4.77, and increase of 8.90%.
The stock continued to climb much like it has over the past month. On February 8th, Melco stock was at $3.44. Now, one month later, the stock has picked up over $1.30 a share, and appears to be stabilizing.
Monday was a strong day for many gaming stocks. Boyd Gaming rose 4.17%, to $8.50. Ameristar Casinos stock was up 3.04%, finishing the day at $16.61. Ameristar stock has jumped over $.50 a share in the past week.
Las Vegas Sands is preparing to court Florida lawmakers on Wednesday, hoping to persuade them to allow Sands to build two casino resorts in the Sunshine State. Sands stock rose to $18.44 Monday, up 3.19%. MGM Mirage stock ended the day at $11.47, and Wynn Resorts closed at $68.99.
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