Las Vegas Sands The end of the year came with no big surprises for US gaming stocks. Las Vegas Sands and other casino companies had a quiet day to end 2009, and now look to rebound in the new year.
Sands stock was at $15.02 just minutes before the close of the trading day. Sands has been busy in the past couple of months, with an initial public offering in Asia, coupled with a re-starting of projects in Singapore and Macau.
MGM Mirage is another gaming company that has been busy in December. The company, along with Dubai World, opened their long-anticipated CityCenter project in stages. The centerpiece to the facility, the Aria, was opened in mid-December.
MGM stock was up less than one percent, and appears headed towards closing the year around $9.21. That is not where the company wanted to be, but as economic conditions have improved, so has MGM stock.
Wynn Resorts remains the most stable of all the US-based gaming stocks. Wynn stock is at $58.75, and there are none others even in the same ballpark. Wynn also had an IPO in Asia earlier this year.
