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Good Day On Market MGM Mirage has experienced the best and the worst of the stock market over the past year. Just a couple of short months ago, the company was in danger of going under, and it appeared that is where the company was headed.

Now, there has been a reversal of fortune for the casino operator. They paid a couple of loan interest payments, which in turn put them back in good graces with their partners in the CityCenter project, Dubai World.

Last week an agreement was reached with Dubai World to ensure that the funding would be available to finish the project, and since that announcement, MGM stock has started to rise.

On Monday, MGM had one of their better days in a long time, with the stock rising to $9.44 a share. That was over a twenty percent increase from Friday’s close.

Other casino companies also had increases in their stock price on Monday. Wynn Resorts jumped almost ten percent, to $42.81. That was an increase of $3.65. Las Vegas Sands also had a large increase of almost twenty percent, closing the day at $9.50.

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