Consumer Biz Recap: Casino Stocks ADVANCE On Econ Report
Casino stocks exhibited large gains from several positive-sounding economic reports, with MGM Resorts International (NYSE:MGM) beating the rest. However, some analysts contend that the increasing dependance of gaming companies upon Macao for gains in revenue leaves U.S. news less important. At any rate, shares that advanced on the day include Wynn Resorts, Limited (NASDAQ:WYNN), Las Vegas Sands Corporation (NYSE:LVS), Melco Crown Entertainment Limited (NASDAQ:MPEL), and Pinnacle Entertainment, Inc. (NYSE:PNK).
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