Not Much Gaming Stock Movement As New Year Approaches

Las Vegas Sands If US-based gaming companies were hoping for a stock revival, it may have to wait until 2010. The last week of 2009 has not seen much movement with gaming companies pretty much holding the line in the first two days of the week.

On Monday, there were minimal losses almost across the board when it came to gaming stocks. Tuesday brought more of the same on the market, although there was some positive movement.

Wynn Resorts, MGM Mirage, and Las Vegas Sands, three of the most well known gaming stocks in the US, all had gains of less than one percent. Wynn remains the most stable of all the gaming stocks, closing Tuesday at $58.93.

Las Vegas Sands, who closed the year after an initial public offering in Asia that raised over $3.5 billion, finished Tuesday at $15.29. MGM stock closed at $9.41, a rise of 0.53%.

Century Casinos, Inc., had one of the worst days on the market. Their stock dropped 4.97%, to $2.52 a share. Ameristar Casinos was down just over one percent, closing at $15.71.