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Casino Stocks Are Rising On Macau Revenue Numbers

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1/2/2013 9:56 AM ET

Several casino stocks are rising in early trade Wednesday, on the news that casino revenue in Macau climbed 13.5 percent last year to a record $38 billion.

Wynn Resorts (WYNN: Quote) gapped up sharply this morning and is currently higher by 6.30 at $118.79 in early trade. The stock has risen to a 2-month high.

MGM Resorts International (MGM: Quote) gapped open higher Wednesday and has continued to rise in early trade. Shares are now up 0.58 at $12.22. The stock broken out to an 8-month high.

Las Vegas Sands (LVS) gapped up Wednesday and spiked higher in early trade. The stock is now up 3.47 at $49.63 and has set a 7-month high.

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by RTT Staff Writer

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