NEW YORK ( TheStreet) -- Casino stocks are in the red, even as Macau reports yet another strong month for gaming revenue.

The Chinese gambling enclave saw a 65% surge in gaming revenue in June to $1.69 billion. While this was lower than May's all-time high, results were in-line with Wall Street's expectations.

Looking ahead, however, comparisons get more difficult for Macau, as July 2009 marked the first month of year-over-year growth in Macau.

Casino stocks are taking a hit Thursday morning, even those with large Macau operations. Las Vegas Sands ( LVS) is falling 5.6% to $20.91, while Wynn Resorts ( WYNN) is losing 2.8% to $74.06 and Melco Crown Entertainment is off 4.3% to $3.58. Las Vegas-centric MGM Resorts ( MGM) is also down 4.3% to $9.23 and Boyd Gaming ( BYD)mis sinking 4% to $8.15.

Isle of Capri Casinos ( isle) is the only casino stock in the green, after the company announced this morning that it postponed its proposed public offering of 9 million common shares citing market conditions.

Since Isle of Capri announced the offering on Monday, shares have lost about 25%. Now, the stock is gaining 6.8% to $9.89 in morning trading.

"We have been hearing demand from investors was lukewarm, at best, for the offering," Stifel Nicolaus analyst Steven Wieczynski wrote in a note. While Isle of Capri was expecting to garner about $120 million from the deal, priced at current levels, the offering would have generated only $80 million, Wieczynski said.

-- Reported by Jeanine Poggi in New York.

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