MGM Mirage
MGM Mirage
MGM Mirage was one of the US-based gaming companies that had their stock jump on Tuesday after word on the future of the Macau casino industry was announced. That bump, however, was short lived, as MGM stock dropped slightly today.

On Tuesday, MGM stock rose over eight percent. Macau Chief executive Fernando Chui gave and address and said he would slow the building of new casinos in Macau. That was good news for those companies that already operate casinos in Macau.

MGM was one of those companies, but on Wednesday their stock was back down $.04. MGM closed the day at $12.26, still well ahead of where they began the week. The company is looking forward to an initial public offering in Asia later this year.

Two gaming groups that already have a presence on the Hong Kong Stock market are Wynn Resorts and Las Vegas Sands. These two entities also own casinos in Macau, and received price increases from Tuesday's news.

Sands stock dropped a little over one percent on Wednesday, falling to $19.84. Tuesday was the first time in several years that the stock had been above $20 a share. Wynn Resorts stock closed at $72.81, down 1.11%.

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