U.S. Bailout Rejection Fallout Bring Casino Stocks Down

30 September 2008

Yesterday the Dow Jones industrial average fell a record 777 points after the House of Representatives rejected a $700 billion bailout plan -- a loss that touched shares in United States casino companies.

Among the hardest hit were Las Vegas Sands Corporation, which lost $3.26, or 8.6 percent; MGM Mirage and Wynn Resorts Ltd., meanwhile, fell $3.38 and $1.49 respectively.

However, stocks today were on the rise with Las Vegas Sands up $2.65, or 8.01 percent, MGM up 42 cents, or 1.62 percent, and Wynn Resorts up $2.65, or 3.40 percent, by midday.