Sands, Wynn Look for That Macau Magic

Casino stocks have soared amid hopes for lucrative paydays from expansion into the Asian gambling hot spot. But MGM Mirage may be a better bet

Market players keep upping the ante on casino stocks. Megaresort operators Las Vegas Sands (LVS) and Wynn Resorts (WYNN) hit 52-week highs in mid-November amid optimism about the potential for growth in Macao, the gambling center near Hong Kong.

Either way, the sheer size of the market makes it a tempting play for the casino kingpins—and the investors who have bid their shares to ever greater heights.

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