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 LVS are leading the group higher up about 7.5 percent, shares of Wynn Resorts WYNN are up 5.3 percent, MGM MGM shares are up nearly 5 percent and shares of Melco Crown MPEL are up about 4 percent.