Gaming Giants

vegas40 · #1 09-21-2009, 01:15 PM

The gaming giants did not go bankrupt, so the stock prices have risen in the last few months. There was a decline for months before this time.

Lehman Bros. filed for bankruptcy, and the Bank of America swallowed Merrill Lynch one year ago. With darker days yet to come. Chapter 11 loomed for MGM Mirage in early March, four of the major casinos stocks traded below $4 per share.

Shares of Boyd Gaming are now up 30% from three months ago.

The satocks of MGM Mirage, and Wynn REsorts are up more then 100 %, wow that sure is a big jump.

These was failing companies had to do what aot of American companies was to borrow money to stay afloat, now look at them they are doing so well, and hopefully keep doing this well.

vegasnut · #2 09-21-2009, 04:06 PM

Well that sounds like good news....maybe good sign for the economy?

VegasLuvsMe · #3 09-22-2009, 01:09 PM

Good deal for sure. I think that's why they are finishing up on the City Center project now.

I was there around December last year and the project was on hold because of funding problems.
Just finished looking at some pictures made in the middle of August through the MGM site, and the City Center project is nearly completed.

I think their completion date is set for sometime in December.

Yesturday the City Center Press put this out:

"CITYCENTER INITIATES JOB OFFERS FOR 12,000 PERMANENT POSITIONS"

So, if you live in Las Vegas and are looking for a job, now you know where you can apply for one.