A three alarm fire in Las Vegas at the Monte Carlo Casino forced a drop in MGM stock prices. It is amazing what a simple thing like this can do.
No one was seriously injured in the fire at the 3000 room hotel on the Las Vegas Strip. The Monte Carlo has over 3000 employees and is owned directly by MGM Mirage.
I am sure Las Vegas Casinos will not be harmed, but it can sure shake up the stock market. It brings back the memories of the 1980 MGM Grand casino that killed 84 people and injured over 700.
Ballys certainly recovered well after they changed the name from MGM Grand.
Firefighters are still at the scene after the fire started at the top of the 32 floor Casino.
www.co.clark.nv.us
Friday, January 25, 2008
MGM shares fall after Fire at Monte Carlo Casino
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