Las Vegas Sands Las Vegas Sands is facing increased pressure to finish their Singapore casino project, but that did not stop the company’s stock from rallying on Thursday. Sands stock was up 2.87%, closing at $16.82.

Genting appears to be ahead of Sands when it comes to the Singapore casino race. Genting has plans to open the first phase of their Sentosa Resort at the beginning of 2010. Las Vegas Sands is hoping to have their Marina Bay Sands’ Singapore at least partially open by February.

That projection came in July, but it is unknown if February is still a possibility. Sands has already started to do hiring for the new casino resort, with over 9,000 people already receiving employment.

Singapore is allowing the two casino resorts being built by Genting and Sands to help increase the tourism industry. They are hoping to triple the amount of money that is currently being made from tourism. Singapore is hoping to bring an estimated 20,000 people through by the year 2015.

In other US gaming stock news on Thursday, Boyd Gaming picked up $.33 a share, or 3.02%. Boyd stock closed the day at $11.27. That figure is still below Pinnacle Entertainment, whose stock finished Thursday at $11.73, up almost one percent.

MGM Mirage, Wynn Resorts, and Melco Crown all had their stock prices increase Thursday as well. MGM closed at $11.71, Melco Crown at $5.90, and Wynn continued to lead the way for US-based gaming stocks at $63.38.

This entry was posted on Monday, October 19th, 2009 at 11:02 pm and is filed under Online Casino News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.