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Biggest Casino Stocks Losers today are LVS, MGM, WYNN

Casino Stocks

Dallas, TX 11/27/2009 04:55 PM GMT (TransWorldNews)

 

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Las Vegas Sands Corp. (NYSE:LVS) plunges 5.58% to $15.57 on 2.89 million shares after Sands China Ltd., a subsidiary of Las Vegas Sands Corp. announced that through one of its subsidiaries, it has secured project financing commitments of $1.75 billion, which will be used to complete the first two phases of construction of the company's largest integrated resort on the Cotai Strip in Macau - featuring a combined 6,000 rooms and suites from the Shangri-La, Traders, and Sheraton hotel brands.

 

MGM MIRAGE (NYSE:MGM) plunges 6.27% to $10.32. The stock hit an intraday high and an intraday low of $10.46 and $9.93 respectively. In the last six months the stock went up over 42%. MGM MIRAGE is engaged in gaming and resort operations. The Company owns and operates casino resorts, which includes offering gaming, hotel, dining, entertainment, retail and other resort amenities.

 

Wynn Resorts, Limited (NASDAQ:WYNN) plunges 4.38% to $62.51. The stock hit an intraday high and an intraday low of $63.18 and $60.85 respectively. In the last six months the stock went up over 71%. Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts. It owns and operates three destination casino resorts: Wynn Las Vegas, on the Strip in Las Vegas, Nevada, Encore at Wynn Las Vegas located adjacent to Wynn Las Vegas, and Wynn Macau, located in the Macau Special Administrative Region of the People’s Republic of China (Macau). The Company is also constructing Encore Wynn Macau, an expansion of its Wynn Macau resort.


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