The gaming revenue figures from casinos in Macau were announced on Friday, showing an acceleration of revenue growth in the month of February. Investors should keep an eye on Las Vegas Sands Corp. (LVS) and Wynn Resorts (WYNN) as this may mean good things for the casino operators.
In February, gaming revenue rose 11.5% to 27.084 billion pataca (the currency of Macau) from 24.286 billion pataca in February of 2012. Moreover, the February revenues were up 0.08% from January’s revenue of 26.864 billion pataca.
So far in 2013, cumulative revenues are 53.948 billion pacata, up 9.4% from 49.325 billion pacata in 2012 through February.
Las Vegas Sands shares were down a fraction during pre-market trading on Friday, while Wynn shares were flat.
The Bottom Line
Shares of Las Vegas Sand Corp. (LVS) have a dividend yield of 2.72% based on last night’s closing price of $51.49 and the company’s annualized dividend payout of $1.40 per share. Shares of Wynn Resorts (WYNN) have a dividend yield of 3.42% based on last night’s closing price of $116.90 and the company’s annualized dividend payout of $4.00 per share.
Las Vegas Sands Corp. (LVS) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Wynn Resorts, Limited (WYNN) is recommended at this time, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.