Las Vegas Sands stock up after Macau project revelation
Sands had stopped all projects in Singapore and Macau after the economic collapse. Now, Sands is back on track thanks largely to an initial public offering in Asia. The company raised enough to re-start several of the projects, and Sands' founder Sheldon Adelson said at a news conference in Singapore that ll of the Macau projects could be completed within five years.
US gaming stocks in general rose on Monday after a lackluster performance late last week. Wynn Resorts was up 1.40%, to us$ 60.86, and Pinnacle Entertainment jumped even farther, to us$ 9.90. It was an increase of 2.27 %.
MGM Mirage and Century Casinos were a couple of the only gaming stocks that dropped. MGM stock fell to us$ 9.52, a decrease of 1.24%, and Century was down less than 1 %, closing at us$ 2.34 a share.
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