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Stock up for MGM Mirage - slow day for other casino stocks

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Casino Examiner

MGM Mirage is one of the few casino companies that continued the upward trend of stock prices on Monday. The company only increased by $.04, but it was better than going backwards.

MGM Mirage, like most US based gaming companies, had their stock slowly rising towards the end of last week. The company came into Monday with a stock price of $8.83. After a day when the stock rose all the way to $11.55 at one point, it closed at $8.87, up $.04.

Other companies were not as fortunate. Las Vegas Sands dropped 2.16%, to $12.25. That price is still higher than the stock has been in months before Friday. Sands is hoping that Monday was just a blip on the radar.

Wynn Resorts, by far the highest of all US casino stocks, was down 3.54% Monday. The stock still sat comfortably at $56.40. Wynn was one of the few companies that had a decrease in price at the end of last week.

Another company that saw their price rise Monday was Pinnacle Entertainment. The stock was up $.12, to $11.11. Melco Crown Entertainment, Ameristar casinos, and Boyd gaming, all took losses as the week began.
 

Source: newonlinecasinos.org
Source: lightningpokerforum.com 

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, Casino Examiner

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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