Today’s Top Casino Stocks Movers were LVS, MPEL, WYNN, BYD : by Penny Stock Pick Alert
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Tue, 10 Nov 2009 11:02:22 GMT |
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(EMAILWIRE.COM, November 10, 2009 ) Las Vegas Sands Corp. (NYSE:LVS) was the most volatile stock among the casino stocks. The stock opened over 6% higher and touched a day’s high of $16.95 and managed to close at $16.78 on high volume of 39.68 million after In an SEC filing today, Las Vegas Sands said it would offer 1.87 billion shares of Sands China Ltd. between $1.34 (HK$10.38) and $1.79 (HK$13.88) a share. The offering comprises 1,270,000,000 shares to be offered by Sands China Ltd. and 600,000,000 shares to be offered by Venetian Venture Development Intermediate, an indirect subsidiary of the Company.
Wynn Resorts, Limited (NASDAQ:WYNN) soared 6.38% and ended the day at $63.54. Today it unveiled a special dividend of $4 a share and plans to pay a quarterly dividend starting next year. The special dividend is expected to cost the casino operator about $492 million. Wynn predicted a dividend for the first quarter of next year of 20 cents a share.
Other casino Movers includes MGM MIRAGE (NYSE:MGM), which rose 7.08% to $10.44 and Boyd Gaming Corporation (NYSE:BYD) surged 5.97% to $8.17.
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