Updated with closing stock prices.Shares of MGM Mirage ( MGM) finished lower on Monday following a report on The Wall Street Journal's Web site that some customers are looking for price deductions for condos in the City Center project. Shares of MGM Mirage, the principal developer in the project, finished down 3.9%, or 23 cents, to $5.69 a share. The Journal reported that buyers have made a total of $313 million in deposits on 1,500 of the 2,440 units in the complex. The early buyers, who have hired a law firm, are concerned those condos will be worth a lot less than they were back in Las Vegas' boom years of 2006 and 2007. Elsewhere, shares of Ameristar Casinos ( ASCA), which announced a cash dividend of 10.5 cents a share Monday, were trading lower, closed down 4.6% to $18.06. Isle of Capri Casinos ( ISLE) shares were down 3.5% to $12.37. The company announced that its chairman and founder, Bernie Goldstein, had died on Sunday. "Bernie was a true visionary, an entrepreneurial spirit," said James B. Perry, executive vice chairman and chief executive officer for Isle of Capri. "He will be remembered fondly as a man who stood by his word, who cared deeply about all those who worked for the many companies he led and loved his family with all of his heart." After a 40-year career in scrap metal recycling, river freight transportation and affiliated businesses as leader of the Alter Cos., Goldstein had retired to Florida before he started a second career. At that time in the early 1990s, many industrial towns found themselves in a recession and were seeking new sources of revenue. Goldstein, familiar with the Quad Cities region in Illinois and Iowa, lobbied for the original legislation for riverboat gaming in Iowa. He opened the nation's first riverboat casino, the M/V Diamond Lady, in Bettendorf, Iowa , in 1991.
Las Vegas Sands ( LVS) was down 4.6% to $7.02. Wynn Entertainment ( WYNN) was down 2.2% to $32.69. Boyd Gaming ( BYD) was 5.4% to $7.83. Penn National Gaming ( PENN) was down 3.9% to $27.14. Melco Crown Entertainment ( MPEL) closed up 0.2% to $4.56. In a note issued after the close, JPMorgan lowered its second-quartrer estimate on Melco to a loss of 13 cents a share (down from a loss of 4 cents). Pinnacle Entertainment ( PNK) was down 5.6% to $8.60.