Uneventful End To Trading Week For US Gaming Stocks
- By Lucas Hardy
- Published 03/19/2010
- Gaming Stock News
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Century Casinos The beginning of this week was promising for US-based gaming company stocks, but by the end, the stocks had leveled off. On Friday, it was another uneventful day with gaming stocks not moving much either way.
Melco Crown Entertainment had their stock move the most to end the week, but unfortunately it was in the wrong direction. Melco stock dropped 2.99%, closing the week at $4.55 a share.
Boyd Gaming and MGM Mirage had similar days, dropping 1.31% and 1.34%, respectively. Boyd stock finished the day at $9.03, and MGM stock closed at $11.75. MGM was helped early in the week with the news out of Macau that the government is slowing the development of new casinos.
Wynn Resorts is another of the companies that has casino interests in Macau. Wynn remained the most stable of all the stocks Friday, closing at $71.76. The stock price dropped less than one percent on the day.
Perhaps the stock that has made the most noise this week was Las Vegas Sands. Sands stock finished at $19.50, and rose over $20 a share earlier in the week for the first time in several years.
Century Casinos, Monarch Casino & Resort, Pinnacle Entertainment, and Ameristar Casinos all had minimal gains to close the week. Pinnacle had the biggest jump, up 2.09%, and ending at $9.30.
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