Stocks up for US casino firm
Posted by Sarah Banks on 28 Aug 2009 at 15:08
Stocks in Wynn Resorts, the American-based US casino giant, rose on Tuesday after it was told it will know whether or not it has been accepted to trade on the Hong Kong stock exchange by September.
According to New Online Casinos, Wynn Resorts jumped 4.54 per cent, to $58.02 after the update was published.
Wynn has applied for the public offering in Hong Kong in an attempt to raise $1 billion, and is hoping the application will be approved on September 10.
Wynn is not the only American-based casino company to see its stock rise recently.
New Online Casinos said Las Vegas Sands rose by $14.42 per share, while MGM Mirage rose 2.33 per cent to $8.77.
Elsewhere the London Stock Exchange saw Ladbrokes stock rise two per cent, while William Hill stock went up by 3.44 per cent.
