Reports on monthly casino revenue in Macau are giving a boost to casino stocks today.
Revenue rose 42% year-over-year in November, according to Macauís Gaming Inspection and Coordination Bureau.
Revenue totaled 17.4 billion patacas, or $2.2 billion, more than analysts had expected after a surge in revenue in October.
Among the casino operators with a piece of the soaring gambling market in Macau, Las Vegas Sands (NYSE:LVS) is trading higher by 3% today, while Wynn Resorts (NASDAQ:WYNN) trades up over 4.1%. Melco Crown Entertainment (MPEL) trades up over 3.2%, and MGM Resorts (NYSE:MGM) is trading up 1.75%.
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