Las Vegas Sands Poised to Profit From Macau

NEW YORK (TheStreet) -- Las Vegas Sands(LVS Quote)is seeing shares spike Thursday after an analyst upped its earnings forecast.

BMO Capital Markets analyst Jeffrey Logsdon said Las Vegas Sands' Macau properties will boost results going forward. In September, Macau reported a 53% surge in gaming revenue.

As a result, Logsdon now foresees a loss of a penny for the full-year period, compared with a prior forecast of a loss of 6 cents. He also lifted his 2010 estimate to 30 cents a share from 28 cents, and increased 2011 guidance to 70 cents a share from 66 cents.

Shares of the company shot up 6.5% to $18.48 in morning trading.

Which casino stock do you consider a winning bet for the final quarter of 2009?
	Las Vegas Sands MGM Mirage Wynn Resorts Isle of Capri Casinos Boyd Gaming

Las Vegas Sands properties include the Sands Macao and Venetian Macau.

Logsdon also reaffirmed his outperform rating on the stock.

Both Las Vegas Sands and Wynn Resorts(WYNN Quote) are in the process of initial public offerings of some of their Macau assets.