Sands, Wynn, Melco: Casino Winners
NEW YORK (
) -- Casino stocks are climbing Monday afternoon as personal spending increased more than expected in January.
Las Vegas Sands
(LVS) - Get Report
is advancing 3.6% to $17.23 after announcing
it has no intention of selling its Pennsylvania casino
. The company cleared the air after rumors surfaced over the weekend saying Las Vegas Sands plans on selling its Sands Bethlehem property.
Wynn Resorts
(WYNN) - Get Report
, meanwhile, is growing 4.5% to $66.45. Last week Wynn Resorts announced that its fourth-quarter loss had narrowed, boosted by a 36% jump in Macau gaming revenue.
Wynn will further capitalize on the growth in Macau, opening its second casino in the Chinese gambling hub on April 24.
MGM Mirage
(MGM) - Get Report
is also up, in its case by 1.8% to $10.74, after MGM said last week that
it successfully extended the maturity of part of its credit facility .
Lenders representing about $4.37 billion of MGM Mirage's outstanding commitments under its $5.55 billion senior bank credit facility entered into an agreement to extend the maturity of a part of its credit facility from Oct. 3, 2011 to Feb. 21, 2014.
Other notable gainers include
Isle of Capri Casinos
(ISLE)
, which is spiking 4.3% to $7.80,
Penn National Gaming
(PENN) - Get Report
, which is jumping 3.5% to $23.91, and
Melco Crown Entertainment
(MPEL)
, which is surging 7.4% to $4.34.
-- Reported by Jeanine Poggi in New York.
RELATED STORIES:
>>Las Vegas Sands Doubles Down on Pa.
>>MGM Mirage in No Danger of Bankruptcy: Poll
>>MGM Mirage Gets Help From Lenders
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