Las Vegas Sands Stock Up Two Percent On Tuesday
- By Jack Swank
- Published 03/9/2010
- Gaming Stock News
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Las Vegas Sands Las Vegas Sands is close to opening their Singapore casino property, and they are working on expansion in Macau. With the global casino market growing, Sands is seeing their US stock price rebound from the economic collapse.
On Tuesday, Sands stock continued to climb. At the close of the day, the stock was up at $18.85. That represented an increase of 2.22%, or $.41. In the past five days, the company's stock has risen by almost $2 a share.
Melco Crown Entertainment had one of the best gaming stock days on Monday, but on Tuesday the stock went in the opposite direction. Melco finished the day down 4.61%, at $4.55. The stock has bounced between $4 and $4.80 since March began.
Wynn Resorts and Ameristar Casinos have minimal gains early in the trading week. Wynn, which is the most stable of all the US-based gaming stocks, closed at $69.77. Ameristar finished the day at $16.72, up less than one percent.
MGM Mirage is expected to follow Wynn and LVS into the Hong Kong market later this year. Their initial public offering should bring billions of dollars. In the US, MGM stock was up $.07, closing at $11.54 on Tuesday.
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