S casino stock has experienced a refreshing jump after a couple of months of stagnant activity. Wynn Resorts was up us$ 2.49, closing the day at us$ 42.26. The stock continues to be one of the most reliable casino stocks on the market.
Other casino companies also experienced a strong day Wednesday. MGM Mirage was up 5.58%, to us$ 7. It was a gain of us$ 0.37. Las Vegas Sands had a jump of over five percent as well, closing the trading day at us$ 10.25.
The idea that Macau gaming is now on the upswing has many investors buying back into the US casino companies that have facilities in Macau. Las Vegas Sands, Wynn, and MGM Mirage all have interests in Macau.
A couple of casino companies did not have the same luck as the ones who saw rises in their price. Pinnacle Entertainment dropped once again, this time falling 2.79%, to us$ 9.40. Archon Corporation was down to us$ 13.45, a drop of 2.18 %.