Melco Crown Entertainment For the most part it was an uneventful week for gaming stocks on the US market, but a couple of companies finished the week strongly. Melco Crown Entertainment and Century Casinos both ended on high notes going into the weekend.
Melco Crown stock has developed a reputation of going against the trend for gaming stocks. On Friday, however, Melco led the way on a day where increases were seen almost across the board.
The stock closed on Friday at $4.04. That represented an increase of 4.66%. Century stock also rose over four percent, closing at $2.50 a share. The two companies combined stock rose $.23 for the day.
Las Vegas Sands had itself a strong day as well, rising 2.65%. Sands stock finished off the week at $16.63. The company is expected to get a boost in a couple of months when their new Singapore casino, Marina Sands, opens.
MGM Mirage is one of the big gaming companies that will be heading into the Asian market soon. MGM is planning an initial public offering that will raise millions of dollars. On Friday, MGM stock ended at $10.54, up .86% from the start of the trading day.
