LAS VEGAS-Shares of locally based casino operators Las Vegas Sands Corp. and Wynn Resorts Ltd. jumped Wednesday after the Macau Gaming Inspection and Coordination Bureau reported that first-quarter casino gaming revenue there is 44% higher than for the same 2006 period. Both publicly held companies have stakes in the booming Macau market, the only place in China where gambling is legal.

First-quarter gaming revenue in Macau rose to $2.22 billion in the first quarter of 2007, up from $1.54 billion in the first quarter of 2006, according data posted to the agency’s website. Some industry analysts told clients today the increased numbers show that concerns about sluggish growth in the segment are unfounded. They attributed the increase to both the expansion of existing casinos and the opening of new ones in the latter part of 2006.

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