Gaming Stock News
Partygaming is a popular publicly traded company and they release news on a regular basis. Other gaming stock comapanies like Cryptologic and Playtech announce mergers, layoffs, quarterly earnings, and other information that will undoubtedly effect their stock prices. Stay tuned to this page and use our RSS casino stock feed to stay up to date with all of the latest news related to online casino and gaming companies.
After a month that has seen Las Vegas Sands stock drop over $4 a share, the stock responded on Wednesday by having a slight increase. Sands stock was up just over one percent, returning to $21.65 a share.
As the US stock market has improved over the past several weeks, so too have US-based gaming company stocks. The top gaming companies in the world are heading back to a position where investors are again starting to commit.
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.
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.
Today could have been one of those days that investors will look back on and claim that the market turned around for US gaming stocks. After an address from Macau Chief Executive Fernando Chui eased concerns over a gaming cap, US company stocks soared.
Las Vegas Sands and other US-based gaming companies with interest in Macau will be watching closely on Tuesday as Macau Chief Executive Fernando Chui speaks about the future of the gambling capital of the world.
As the stock market closed on Friday, Las Vegas Sands approached a milestone that they have not seen with their stock in the past year. At the close of the day, Sands stock finished at $19.59, closing in on the $20 a share mark.
MGM Mirage announced on Tuesday that it will be offering over $800 million in secured notes due in 2020. The money generated from the offering will be used to pay debt that is currently due.
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.