Las Vegas Sands Is Top Casino Stock: Poll

NEW YORK (TheStreet) -- Las Vegas Sands(LVS Quote) is worth the gamble, according to TheStreet users.

The casino operator was named the winning bet for the sector in a weeklong poll with 51.3% of the vote.

The company is planning an initial public offering of some of its Macau assets for about $1 billion in Hong Kong.

On Thursday, BMO Capital Market 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 forecasts 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.

Coming in second is Wynn Resorts(WYNN Quote), with 21.2% of the vote.

On Friday, the casino operator saw shares of its Wynn Macau spike by as much as 13% when it began trading on the Hong Kong stock exchange.

Wynn sold 1.25 billion shares, or a 25% stake in the Macau business. The offering raked in HK$10.08 a share, the upper end of the range it was expecting, for a total of $1.63 billion.