January 02, 2013 at 13:32 PM EST
Las Vegas Sands, Others Jump On Record Macau Gambling
It was a double win for top Vegas casinos Las Vegas Sands (LVS), MGM Resorts (MGM) and Wynn Resorts (WYNN) Wednesday. They got a boost from a report that gambling revenue in China's Macau, the world's top gaming destination, rose sharply in December, a sign of renewed strength in China's economy. The report came on top of a general stock market pop in the wake of the small deal Congress reached that postponed the so-called fiscal cliff. Chinese
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