Casino Stocks Gain on Las Vegas Sands's 1Q Revenue Growth in Asia

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Shares of MGM Resorts International, Wynn Resorts Ltd. and Caesars Entertainment Inc. advanced on the back of Las Vegas Sands Corp.'s surge in gambling revenue from Asia in its latest quarter.

Sands recorded first-quarter gambling revenue of $1.54 billion, more than doubling from $627 million a year earlier. Shares up 4.9% to $62.26 in after-hour trading.