Wynn stock up 4 percent on Macau news

Shares of Wynn Resorts LTD gained about 4 percent early Monday, which was attributed to an impressive gambling revenue report out of Macau.

Gross gambling revenues for properties doing business in the Chinese territory gained more than 66 percent in December from the same month of 2009 and nearly a 9 percent gain from November.

The Macau Gaming Inspection and Coordination Bureau said the gaming market generated revenues of about $2.4 billion, or 18.9 billion Patacas.

Wynn Resorts operates Wynn Macau within the territory. Shares of Wynn Reorts rose $4.11, or 3.96 percent, to $107.95 in early trading on the Nasdaq.

Contact reporter Chris Sieroty at csieroty@reviewjournal.com or 702-477-3893.