MGM Mirage Heads To The Holidays With Gaming Stock Rising
MGM Mirage With only one day left until Christmas, MGM Mirage received good news on Wednesday regarding their stock price in the US. The stock climbed 5.91%, closing at $9.67 heading to Christmas Eve.
MGM has rebounded nicely from a dip in stock price back in the early part of the year. At one point, MGM stock had dropped as low as $1.89 a share. That was in March. Since then, the stock has climbed as high as $13.51, but has settled Wednesday just under $10 a share.
Other gaming companies also experienced a strong trading day leading into the holidays. Century Casinos was up almost nine percent, finishing the day at $2.67 a share. Monarch Casino & Resort was up 3.38%, at $7.95.
On the other end of the spectrum was the bad news for US casino operators. Melco Crown Entertainment stock fell to $3.40 a share. It was a drop of $.11, or 3.13%. Pinnacle Entertainment fell just over one percent, to $9.12.
Wynn Resorts and Las Vegas Sands were two gaming companies that had initial public offerings in Asia in the second half of the year. Their US stock prices closed Wednesday at $59.98 and $15.60, respectively.
This entry was posted on Saturday, December 26th, 2009 at 12:26 am and is filed under Casino News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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