(Casino Winners article updated with Friday morning pre-market stock prices of casino stocks.)
NEW YORK (
) -- Casino operators are spiking ahead of earnings reports next week, as investors become more confident in the sector.
Las Vegas Sands
popped 6.5% to $16.87 by the end of the trading day Thursday, although it has shed 1.5% in pre-market trading Friday;
grew 5.8% to $64.96 during Thursday's regular session, but has likewise given back 1.8% in Friday morning pre-market trading;
spiked 9.4% to $11.38 Thursday, but has likewise shed 1.7% in Friday pre-market trading; while
, which inched up 2.2% to $7.78 Thursday, is relatively flat in Friday pre-market trading, up by a mere 2 cents.
Apparently, while casino operators took a hit after disappointing earnings results out of the gaming technology sector, investors are gaining confidence.
Macau's report last week of a 63.3% surge in gaming revenue in January is helping to boost the market's morale. While Singapore, the next area of growth for some operators, is set to open its first casino on Feb. 14.
Still, gaming revenues remain weak across the country, as
Earlier this week,
, while Missouri, Indiana, Iowa and Illinois also saw declines.
And recent earnings releases from
Penn National Gaming
provided little optimism for the rest of the sector.
Sands will report its fourth-quarter earnings of Feb. 17 and MGM will release its results on Feb. 18.
-- Reported by Jeanine Poggi in New York.
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