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Macau Revenue Trends Keep Biting Casinos

It seems as though the casino sector is depending solely upon Macau for its future. That is at least what many investors would think. There is a reason—Macau was supposed to be the creation of the next Las Vegas, and the spillover effect in Asia for areas like Singapore and elsewhere were expected to keep growing the top-line and bottom line results for casino giants. 357 more words


Fitch Revises Revenue Forecast for Macau and Major Casinos

As a result of Macau’s gaming revenues being down 36.5% year to date through August, and the corruption crackdown in China, Fitch Ratings is revising its Macau 2015 gaming revenue growth forecast. 333 more words


Sep 2 - Macau outlook

Macau is implementing austerity measures. In 2008 when the economic crisis hit, China spent big to keep everything afloat. The world economy was in shambles and China scoured the globe to do deals. 229 more words


Aug 31 2015 update

Don’t touch steel, steel prices keep going down as China is flooding the world with steel products. I was considering the steel industry, Arcelor Mittal, US Steel and Posco but no longer. 221 more words


Las Vegas Sands (LVS) July 8, 2015

The persistent downtrend seems to be over for LAS VEGAS SANDS shares. The price may get rangebound between long term fibo levels shown in the chart for some time. 26 more words


Dwindling Macau Revenue Continues to Hit Casino Stocks

Macau overtook Las Vegas as the world’s gambling hub some years ago, as it consistently delivered huge gaming revenue growth, driven by the explosion of wealth in Hong Kong and mainland China. 427 more words


Why One Analyst Sees Casinos With Nearly 30% Upside

Is Wall Street no different from gambling at a casino? The answer almost certainly depends on whom you ask. Still, Wall Street analysts and investors often follow the parents of the largest casinos out there. 619 more words