Las Vegas Sands It is amazing what a weekend break can do for casino company stocks. On Monday, Las Vegas Sands and other casino operators saw their stocks rebound from a down day on Friday.
Las Vegas Sands revealed late last week that they were seeking the funding to complete a Macau casino resort project. The news of that must have inspired investors, because the stock rose 7.59% on Monday.
It was an increase of $.71, and brought the sands stock price back over $10 a share, closing Monday at $10.06. They were not the only casino company that received good news on the stock front Monday.
MGM Mirage, one of the companies who recently showed a loss for the second quarter, also jumped a bit on the market. MGM stock was up to $7.45, an increase of $.22, or 3.04%. Wynn Resorts, one of the few companies who turned a profit in the second quarter, was up 4.42% Monday, to $53.43.
The biggest jump of the day for any gaming company came from Melco Crown Entertainment. Melco was up to $6.04, an increase of 8.45%. Across the board, it was a solid day on Wall Street for casino company stocks and they will try to build on that momentum on Tuesday.
