Melco Crown Melco Crown Entertainment had a rough week last week on the stock market, but as any company knows, things can turn around in a New York minute. That seems to be what has happened for Melco from one week to the next.

On Thursday, Melco Crown had their second consecutive day where their stock price rose significantly. The stock price at the close of the day Thursday was up almost five percent, to $5.09. It was a rise of $.24.

Other US gaming companies also had a good day. Monarch Casino & Resort stock was up 8.02%. It closed the day at $9.02, and had a gain of $.67.
Ameristar Casinos was up to $20.20. That was an increase of 3.48%.

“I don’t know if these companies are fully turning the corner, but at least it is progress,” said observer Neil Hampton, “hopefully they can finish Friday strong and head into next week on a high note.”

MGM Mirage had the most modest leap of the day when it came to casino stock. It rose 1.24%, to $6.54. Wynn Resorts was up 3.68% to $37.52, and Las Vegas Sands jumped 7.52%, to $8.72.

This entry was posted on Monday, July 13th, 2009 at 11:15 pm and is filed under Gambling 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.