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Us stock prices for Casino Companies have good week, but end slow

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Casino Examiner

This past week there were several US based casino companies that reached prices they had not seen yet this year. That is how good a week casino stocks were doing, until Friday, when they leveled off a little bit.

Las Vegas Sands had been experiencing some of the best increases all week. On Friday, however, the company's stock dropped 3.41%, to $13.32. It still closed the week higher than it had in any previous week of 2009.

Wynn Resorts is one of the companies that has managed to stay above water during this tough economic time. Their $57.15 closing price Friday represented the highest of any US based casino company, but it also was a decline of 6.13% for the day.

"Overall, it was a good week for casino stocks, even though they did not finish the week strong," said observer Matt Childy, "if they can build on this weeks momentum, it could be good news for investors who have taken a chance on these stocks."

The news was not all bad Friday. MGM Mirage actually had an increase in their stock price of 1.94%. The stock rose to $8.94. That may not have set any yearly records, but the company was happy their stock rose on a day when other casino company stock fell.
 

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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