Monday, January 27, 2014

16 Largest US Resorts & Casinos Corps Average Stock Prices Down 79% Due to Financial Meltdown Spillover Effects, Then Up 641% Under Obama and the US Fed

I found 16 US Resorts & Casinos Companies classified in the Services Sector at Yahoo's superb Finance website with current Total Market Capitalizations of at least $100 mil each and which also had their common stocks trading on each of the following three dates: on December 31, 2007 during President Bush's second term, on March 6, 2009, very early in President Obama's first term, which was their lowest point due to the spillover effects resulting from the 2008 financial meltdown, and also on January 24, 2014.
 
The historical stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.

These 16 US Resorts & Casinos Companies had their average stock prices drop by a massive 79% from December 31, 2007 during President Bush's second Presidential term, to March 6, 2009, very early in President Obama's first term, which was the very lowest point for the overall stock market due to the spillover effects resulting from the disastrous 2008 Financial Meltdown.

But since March 6, 2009, the average stock prices of these same 16 US Resorts & Casinos Corps have increased by a very impressive 641% through January 24, 2014, led by the three largest Las Vegas, Nevada headquartered Resorts & Casinos. And all 16 had stock market price appreciation with the lowest being a robust 99%.   
           
Clearly, the investors in and employees of all 16 of these US Resorts & Casinos Companies must be very pleased with the impact of actions taken by both the Obama Administration and the US Fed to successfully rescue the US economy from its extremely weakened state caused by the 2008 US financial meltdown.

Below here are the market prices of each of these 16 US Resorts & Casinos Companies on January 24, 2014, on March 6, 2009, and on December 31, 2007, sorted by Percentage Increase from March 6, 2009 to January 24, 2014: 






Market Market






Price Price






% %






Change Change



 Market   Market   Market  3-6-09 12-31-07



 Price   Price   Price  to to
Resorts & Casinos HQs
 1-24-14   3-6-09   12-31-07  1-24-14 3-6-09








Las Vegas Sands Las Vegas NV      73.91        1.77     103.05 4076% -98%
Wynn Resorts Las Vegas NV     193.14      15.40     112.13 1154% -86%
MGM Resorts Las Vegas NV      23.78        1.99      84.02 1095% -98%
Royal Caribbean Cruises Miami FL      47.13        5.93      42.44 695% -86%
Empire Resorts Monticello NY        5.49        0.93        3.41 490% -73%
MTR Gaming Group Chester WV        5.17        0.89        6.79 481% -87%
Monarch Casino & Resort Reno NV      18.36        3.80      24.08 383% -84%
Vail Resorts Broomfield CO      70.51      16.08      53.81 338% -70%
Century Casinos Colorado Springs CO        5.90        1.42        6.44 315% -78%
Pinnacle Entertainment Las Vegas NV      21.66        5.40      23.56 301% -77%
Boyd Gaming Las Vegas NV        9.75        3.10      34.07 215% -91%
Penn National Gaming Wyomissing PA      11.67        3.86      13.46 202% -71%
Lakes Entertainment Minnetonka MN        4.69        1.90        6.62 147% -71%
Isle of Capri Casinos St Louis MO        7.47        3.20      13.77 133% -77%
Carnival Miami FL      39.15      17.30      44.49 126% -61%
The Marcus Corp Milwaukee WI      13.53        6.81      15.45 99% -56%








Average % Change all 16




641% -79%