Casino Stocks Trading Lower (MGM, LVS, WYNN, MPEL)

MIRAGE (NYSE:MGM) lost 1.64% to $12.01 on 1.98 million shares. The company has hired five banks for Hong Kong listing of its Macau operations, expected to raise about $500 million, sources with direct knowledge of the situation told Reuters on Tuesday.

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Las Vegas Sands Corp. (NYSE:LVS) falls 2.12% to $20.76 on 5.71 million shares. The stock is near to its 52-week high of $22.49. So far the stock is up over 589% in the last one year of trading sessions.

Wynn Resorts, Limited (NASDAQ:WYNN) declines 1.80% to $75.86. The stock hit an intraday high and an intraday low of $76.77 and $75.42 respectively. In the last one year of trading sessions the stock went up over 279%.

Melco Crown Entertainment Ltd (NASDAQ:MPEL) drops 1.09% to $4.53 on 1.73 million shares. Melco Crown Entertainment Limited formerly Melco PBL Entertainment (Macau) Limited, is a developer, owner and, through its subsidiary Melco Crown Gaming, operator of casino gaming and entertainment resort facilities focused on the Macau market.

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