Better times coming to Macau? Many investors seem to bet on that. Considering the growth in the region and the gambling mentality, of the asian population in general and Chinese especially, it’s probably a safe bet.
As we love Las Vegas, we love Macau and are happy for the development. Live Casino is the closest to these places you can come from your computer, why we play it.
Investors place their bets on a Macau turnaround | Asia Times
Investors are doubling down on Macau casino stocks as the gambling enclave shows signs of a turnaround after reporting gaming revenues grew at the fastest pace in three years.
The gaming sector set the pace in the Hong Kong market last month, climbing more than 10% and ranking fourth out of 43 sectors measured by DBS Group. The hot streak has continued so far this month through April 11, with SJM Holdings surging 14.2%, Wynn Macau up 9.5% and MGM China trading 9.4% higher during that time.
Shares have risen since Macau’s Gaming Inspection and Coordination Bureau announced gross gaming revenue in March increased 18.1% year-on-year to MOP 21.2 billion. That beat a median estimate of 15% growth in a Bloomberg survey and marks the largest jump since a 40.3% year-on-year increase in February 2014. read more at atimes.com