Las Vegas Sands (NYSE:LVS) Catches Tailwinds from Wynn Resorts (Nasdaq:WYNN)

Las Vegas Sands (NYSE:LVS) moved into positive territory today, catching tailwinds from Wynn Resorts' (Nasdaq:WYNN) performance, as well as the positive guidance on the state of gambling in Las Vegas in 2011.

Also significant was the last quarterly performance of Wynn Macua, where revenues soared almost 80 percent over 2009's numbers.

Concerning the Macau credit situation, CEO Steve Wynn said "the credit balance is outstanding with our associates and the junket business is very large.

"We do not, I stress that, we do not and never have used credit as a marketing technique."

Combined with Sands China numbers, that part of the world looks good for both companies, and the gaming and tourism sector as a hole. Add to that a rebounding Las Vegas, and it could be a good year for them.

Las Vegas Sands was trading at $47.17, up $0.92, or 1.99 percent, as of 1:37 PM EST. Wynn was trading at $127.75, up $7.60, or 6.33 percent.