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To: mimur who wrote (156786)	5/5/2009 5:32:40 PM
From: Rocket Red	Respond to of 312808

MGM, Wynn, Las Vegas Sands Rise on Nevada Casino Optimism Share \| Email \| Print \| A A A By Beth Jinks May 5 (Bloomberg) -- MGM Mirage, Wynn Resorts Ltd. and Las Vegas Sands Corp. climbed today on optimism the worst may be over for casinos in Nevada. Wynn Resorts, which reported earnings this morning, surged $7.67, or 18 percent, to $50.48 at 3:51 p.m. New York time in Nasdaq Stock Market trading. MGM Mirage, which announced results late yesterday, climbed $3.42, or 36 percent, to $12.86 on the New York Stock Exchange. Las Vegas Sands, which reports results after markets close, climbed $2.05, or 22 percent, to $11.55. MGM Mirage, the biggest operator on the Las Vegas Strip, said yesterday convention cancellations had slowed and occupancy recovered in April. Wynn Chief Executive Officer Steve Wynn said today he saw improving booking trends and stronger weekends recently. The comments may signal the Las Vegas Strip is emerging from its worst gambling slump on record. “The rate of decline has slowed down, things have been stable for the last six weeks,” Wynn Las Vegas President Andrew Pascal said today. “Clearly the fundamentals have improved over the last six weeks, and we hope that continues going forward to the summer.” To contact the reporter on this story: Beth Jinks in New York at bjinks1@bloomberg.net Last Updated: May 5, 2009 15:55 EDT DeliciousDiggFacebookLinkedInNewsvine