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Stock explodes for Las Vegas Sands - closes week on a high

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Casino Examiner

Largest gain of the day was Las Vegas Sands Corp. who had the best day of all casino operators on the stock market Friday. They closed the day with a flourish, ending up almost thirteen percent, and heading into next week strong.

The stock closed Friday at $12.52, an increase of 12.49%. It was the highest the stock has been the entire year, and it has many believing that it may represent a turnaround for the company.

The previous high for Sands stock in this calendar year was $11.34 back in early May. The closing price today is over $1 a share higher than it was back in May. Las Vegas Sands were not alone with their big Friday gain.

MGM Mirage was another of the casino stocks that soared at the end of the week. The stock closed at $8.83, up 9.15%. It represented a change of $.74. It was the second straight Friday where casino stocks were up.

Wynn Resorts, the current top casinos stock on the market, increased by 5.28%, to $58.53 a share. That price is over four times higher than any other of the company’s closest competitors.

There was one company that continued to slide Friday. Melco Crown Entertainment dropped for the second consecutive day. It closed the week at $5.41, a drop of almost two percent.
 

Source: newonlinecasinos.org
Source: lightningpokerforum.com 

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Kevin Adams has a Bachelor of Science in Computers and Applied Mathematics and owns and operates several websites and forums. He has been a freelance writer for three years and has written reviews for a number of online casinos. Kevin has always found the entertainment value at most casinos...

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