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Casino Winners: Wynn, Sands, MGM

Casinos are spiking ahead of earnings results next week.

(Casino Winners article updated with Friday morning pre-market stock prices of casino stocks.)



) -- Casino operators are spiking ahead of earnings reports next week, as investors become more confident in the sector.

Shares of

Las Vegas Sands

(LVS) - Get Free Report

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;

Wynn Resorts

(WYNN) - Get Free Report

grew 5.8% to $64.96 during Thursday's regular session, but has likewise given back 1.8% in Friday morning pre-market trading;

MGM Mirage

(MGM) - Get Free Report

spiked 9.4% to $11.38 Thursday, but has likewise shed 1.7% in Friday pre-market trading; while

Boyd Gaming

(BYD) - Get Free Report

, 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

Nevada posted a 3.2% decline in gaming revenue in December


Earlier this week,

Atlantic City reported an 8.5% plunge in January gaming revenue

, while Missouri, Indiana, Iowa and Illinois also saw declines.

And recent earnings releases from

Penn National Gaming

(PENN) - Get Free Report


Pinnacle Entertainment

(PNK) - Get Free Report

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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