MGM Mirage Leads A Gaming Stock Revival On Thursday
MGM Mirage MGM Mirage and other gaming stocks have been slowly declining in the early trading days this week, but on Thursday the stocks rebounded in a big way. MGM stock led the way, increasing by almost ten percent.
For the first three days of the week, gaming stocks were hovering near the even mark, with some dropping or increasing by less than one percent, but Thursday the stocks were helped by the revenue numbers released by the Nevada Gambling Control Board.
Las Vegas casino revenue was up for the month of December. The increase in revenue caused investors to become comfortable again with buying stock in US-based gaming companies.
MGM Mirage was up almost a full $1, closing the day at $11.38. It was an increase of 9.42%, the best of the day. Other companies such as Boyd Gaming, Pinnacle Entertainment, and Monarch Casino & Resort were up to $7.78, $7.60, and $6.91, respectively.
Wynn Resorts and Las Vegas Sands were two companies that had big days Thursday after the Las Vegas revenue figures were announced. Wynn stock rose 5.80%, to $64.96, and Sands stock finished the day at $16.87, up 5.80%.
This entry was posted on Tuesday, February 9th, 2010 at 2:52 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.
