Las Vegas Sands (NYSE:LVS), Wynn (Nasdaq:WYNN) Strengthened on Macau Revenue Surge

Casino revenue in Macau soared 33 percent in January, helping push casino giants Las Vegas Sands (NYSE:LVS) and Wynn Resorts up(Nasdaq:WYNN).

The government of Macau announced today that casino revenue rose 33 percent to $2.3 billion. While slightly lower than December's numbers, the 33 percent represented number over last January.

The growing numbers were representative of the growing tourist business in Macau from mainland China.

For all of 2010, casino revenue in Macau jumped by 58 percent over 2009.

Noting the Chinese New Year is a typical slow season for tourism, Credit Suisse analyst Gabriel Chan said, "...33 percent growth is quite decent indeed so that is why I am still confident with my full-year 29 percent growth outlook."

Las Vegas Sands was trading at $48.60, up $2.11, or 4.54 percent, as of 11:43 AM EST. Wynn Resorts was trading at $117.56, up $1.23, or 1.05 percent.