Traders Buying Casino Stocks Amid Record January Revenue in Macau (LVS, MGM, WYNN, MPEL)

Traders may have bought Casino & Gaming stocks today following news earlier out of Portugal's Lusa that gross sales in China's Macau during the month of January rose 63% to all-time highs around $1.75 billion.

Although not every operator currently has exposure to the Macau region, investors were likely purchasing these stocks today with hopes that a recovery in the American markets will soon follow.

Around the sector:

• Las Vegas Sands (NYSE: LVS) up 10.2% to $17.09
  
• MGM MIRAGE (NYSE: MGM) up 6.9% to $11.82
  
• Wynn Resorts (Nasdaq: WYNN) up 5.7% to $65.43
  
• Melco Crown (Nasdaq: MPEL) up 5.9% to $3.78

You May Also Be Interested In

• HIVE's BUZZ HPC signs $350M five-year AI cloud services deal
• Vivos Therapeutics posts 35% revenue gain but widens net loss
• Realty Income closes $1B convertible notes offering