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The Newsroom - 2003 |
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Gaming numbers are now looking better and better
October 6, 2003 - Hot off the press... Leading gaming indicators posted a
healthy 5.1 percent growth for September as the industry stays on a steady
incline since the beginning of next year, according to the monthly Gaming Index
from Applied Analysis.
The index rose 9.1 points from August to reach 189.27, with 7.4 points coming
from the manufacturing sector and 1.7 points from the operators.
Created by local consultants, Applied Analysis, the index tracks the stock
performance of eight major publicly-traded gaming companies, five in gaming and
three in manufacturing.
The biggest gainer in the month was WMS Industries, whose average daily share
price of $24.66 in September increased a hearty 13.05 percent, or $2.85, from
the previous month. The winner in the casinos was Mandalay Resort Group, whose
average September share price of $39.89 was a profitable 9.56 percent, or $3.48,
gain over August.
The only loser was Harrah's Entertainment, whose share price posted a drop of
1.43 percent, with its average share price losing 60 cents from August to
September to end at $41.70. According to the index, the fourth quarter should
see continued gains, particularly the third quarter results come out.
<< Go Back
Article Copyright ©: S. Mihailovich, Las Vegas
Business Press |
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Applied Analysis provides professional services in urban
economics, market analysis, financial advisory services,
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Reliable data is the foundation of any solid analysis.
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