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Las Vegas Sands (LVS) Stock Surges on Macau Gaming Revenue

NEW YORK (TheStreet) -- Shares of Las Vegas Sands (LVS) were up 5.74% to $53.09 on heavy trading volume early Thursday afternoon after gaming revenue in China's gambling hub Macau rose in August for the first time in 26 months.

Gross gaming revenue grew 1.1% to $2.4 billion last month after dropping 4.5% in July, according to Gaming Inspection and Coordination Bureau data cited by Bloomberg. Analysts were anticipating a decline of 1.5%.

Macau's gambling revenue has been under pressure the past two years as China's...


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