Casino Stocks Rally Sharply as Macau Casino Revenue Rose Nearly 20% in December
Casino revenue in Macau for the month of December surged about 19.6 percent higher to 28.2 million patacas . Casino revenue was expected to rise about 17.5 percent.
The data was released by Macau's Gaming Inspection and Coordination Bureau on Tuesday.
Shares of Las Vegas Sands (NYSE: LVS) are leading the group higher up about 7.5 percent, shares of Wynn Resorts (NASDAQ: WYNN) are up 5.3 percent, MGM (NYSE: MGM) shares are up nearly 5 percent and shares of Melco Crown (NASDAQ: MPEL) are up about 4 percent.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.