US Gaming Stocks Down As Market Falls
MGM Mirage It was a bad day for the stock market in general on Thursday and US gaming stocks felt the affects. Most top gaming stocks fell on Thursday, with Melco Crown Entertainment and Ameristar Casinos up slightly.
MGM Mirage stock dropped the most at the close of the trading day, falling by 4.95%. MGM stock finished the day at $11.32, declining $.59. The stock has now had two consecutive days where it has dropped.
Similarly, Las Vegas Sands stock fell 4.81%. It was a loss of almost a dollar a share, and Sands stock closed at $17.02. The stock is still trending upwards despite the small setback on Thursday.
Other gaming stocks that declined were Boyd Gaming, Pinnacle Entertainment, and Isle of Capri Casinos. Boyd stock closed at $8.76, Pinnacle stock finished the day at $8.58, and Isle of Capri stock ended the day at $8.89.
Melco Crown has traditionally gone against the trend of other gaming stocks and that was the case on Thursday. Melco Crown stock closed at $3.63, up 1.68%. Ameristar Casinos stock rose .53%, to $15.13.
This entry was posted on Wednesday, January 20th, 2010 at 8:04 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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