Friday, December 4, 2009

GAMING STOCKS ARE DOWN IN LAS VEGAS

A new study elaborated by the company Applied Analysis regarding the stock value of some of the more important gaming companies in Las Vegas showed negative results for the month of November.
In fact, only three out of the nine studied companies showed a positive trend during the last month.

Among the game companies that registered the biggest drop is MGM Mirage, which by the way is opening a new casino next week in partnership with Dubai World.
Two of the companies whose stock value went up were Penn National Gaming with an increase of 5% and American Casinos with an increase of 6%.

As we can appreciate from the data provided by Applied Analysis, the game industry still suffering the consequences of the global economic crisis while the online casinos seem to be doing much better.


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