Melco Crown Entertainment Stock Drops Almost Ten Percent

Melco Crown Entertainment It was another rough day on the stock market for a company who has had too many of these days in the past several months. Melco Crown Entertainment stock fell almost ten percent on Wednesday.

Melco Crown is one of the gaming companies that has been hit hard by the economic troubles throughout the world. On Thursday, the company’s stock fell to $3.68 a share. That represents a decline of 8.23% for the day.

Back in September, Melco stock had risen up to $7.90, but since then it has been in a steady decline. A low point for the past six months occurred in December when the stock dropped to $3.35.

Other gaming companies had minimal gains and losses on the market Wednesday. MGM Mirage continued a climb that began on Tuesday. MGM stock closed the day at $12.39, rising 3.68%.

Wynn Resorts and Pinnacle Entertainment had increases of 2.09% and 1,38%, respectively. Wynn closed the day at $69.40, and Pinnacle stock ended at $8.82. Century Casinos dropped 1.57%, to $2.50.