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Online Casino News:
Strong Day on Market for Online
Casinos
by Joanne R Wednesday November 11, 2009 at
10:16 PM
The MGM Mirage is a well-known name in
the casino industry. It doesn't matter
who you talk to you would be hard
pressed to find someone who is having
heard of the name. Even if it is the
case where they have heard of MGM in
association with movies or television
shows, it doesn't take much to take a
walk to the casino side of the business.
They are one of those casino companies
that flies under the radar. If slow and
steady wins the race then MGM is the
turtle while perhaps some of the others
maybe the rabbit. This is not to say
that the casino has not had their own
issues over the years, especially with
the economy the way that is, but they
are steadily remaining within the casino
industry and keeping their shareholders
happy.
On Tuesday the stock market released
figures in regards to the various casino
industries and of course the MGM Mirage
was leading the pack. The casino company
had increased almost 7% closing the day
at $9.65 a share. With gaming stocks
running the gamut between somewhat high
and very low, it is nice to see that
they seem to be turning things around.
Wynn stock was up 4.47% closing at
$56.13 a share, and the Sands was up
5.95% to close at $15.14 a share. These
increases are offering hope within the
casino market and letting them know that
they haven't completely lost the war to
the online casino industry.
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