Posted on Monday, 1st March 2010 by admin
Boyd Gaming Boyd Gaming will not be gaining momentum leading into the weekend after their stock slipped on Thursday. the day, overall, was not particularly kind to US gaming stocks, with Boyd falling the farthest.
Boyd stock closed the day at $7.95 a share. The stock dropped 3.64%, or $.30. In just over a month, the stock has dropped over $1 a share, not exactly what the company was hoping for in the new year.
The past year has been hard on gaming stocks with the economy in the US causing casinos around the country to watch their revenue slip. That has caused investors to pull back, and gaming stocks to drop. Most analysts do not believe the stocks will fully recover until 2011.
Other gaming stocks suffered a similar fate on Thursday. Century Casinos was down 2.86%, closing at $2.38. MGM Mirage and Wynn Resorts both fell less than one percent, finishing at $10.77 and $$65.89, respectively.
Las Vegas Sands, a company that had been helped on the market by recent activity in Macau, had a small increase as the week turned towards home. Sands stock closed at $17.18, with analysts believing that the stock may rise in the coming months.
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