NEW YORK ( TheStreet) -- JPMorgan is bullish on Macau gaming companies and has raised its price target for companies across the board. Specifically, the rating agency is positive on Wynn Resorts (WYNN - Get Report) and Melco Crown (MPEL - Get Report).In June 2011, gaming revenue in Macau soared 52.4% to $2.6 billion from the year-ago month, indicating Chinese tourists' penchant for gambling. Meanwhile, for the first half of the year, Macau's total gaming revenue increased 44.6%.
7 Casino Stocks to Play
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.