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November 29, 2009

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Las Vegas hotel-casino issues rebound

Monday, Sept. 24, 2001 | 10:36 a.m.

After a dismal performance last week, Las Vegas gaming operators finally saw a slight rally in their stocks in this morning's trading.

MGM MIRAGE saw the strongest increase, rising 6.7 percent to $19.20. MGM MIRAGE lost 36.5 percent of its value last week and closed Friday at $17.99.

Mandalay Resort Group and Station Casinos Inc. each rose 5.3 percent this morning -- Mandalay to $15.31, up 77 cents, and Station up 41 cents to $8.10. Mandalay finished last week down 39.2 percent, while Station was off 37.2 percent for the week.

After tumbling 36.4 percent last week, Park Place Entertainment Corp. was up 21 cents to $6.52 this morning, a 3.3 percent rise. And Harrah's Entertainment Inc. increased 97 cents to $23.90, a 4.2 percent increase. Harrah's stock declined 20.1 percent last week, the "best" performance among Las Vegas' largest casino operators.

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