This week’s stock performers: The best and the worst locally
8 September 2012
Biggest gainer: Full House Resorts Inc.
Despite a disappointing national jobs report Friday, stocks of Las Vegas companies mostly rose along with the broader market this week as investors bet the Federal Reserve will soon launch new economic stimulus measures.
The biggest local gainer was Full House Resorts, which is working to finalize financing for its $70 million purchase of the Silver Slipper casino in Bay St. Louis, Miss. The property serves the New Orleans metropolitan area, as well as communities in southern Louisiana and southwest Mississippi. The casino includes almost 1,000 slot machines, 26 table games, a poker room, three restaurants and two bars.
Full House stock closed Friday at $3.03, up nearly 12 percent for the week.
Biggest loser:Wynn Resorts Ltd.
The casino-resort operator has been consistently profitable, thanks in large part to its light debt load and operations in Macau.
But its stock fell slightly this week from its Aug. 31 close, finishing at $102.74, off 0.4 percent.
There were no major announcements involving the company this week, although Steve Wynn did make an appearance in the news with a slander lawsuit against "Girls Gone Wild" founder Joe Francis. Dissident Wynn board member Kazuo Okada also continued to agitate against the company.
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