Melco Crown Entertainment It has been a good start to 2010 for most gaming stocks on the US market, but Friday proved to be a day of decline for many of these companies. Melco Crown Entertainment dropped over four percent to close the week.
Many gaming operators have been hoping that 2010 will bring better results than 2009 when it comes to their stock prices. For the first two days of the new year, it appeared that thinking may become reality.
Two of the past three days, however, have brought declining revenues. Although Melco Crown led the way in the declines, falling to $4.12, other companies also had small drop-offs in their stock prices on Friday.
Boyd Gaming fell 3.87%, to $8.45, and Las Vegas Sands dropped just over two percent, finishing the day at $18.10. Sands is hoping recent developments in Macau will help boost their price in the US.
Pinnacle Entertainment and Wynn Resorts had a little less drop in their stock prices. Pinnacle fell to $8.93, down 1.11%, and Wynn dropped only to $67.90. Wynn remains the most stable of all the US gaming stocks.
Melco Crown Entertainment Stock Declines To Close Week
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