Macau Gambling Revenues Grow 39%

October 4, 2011

china modelThe Macau gaming sector has been demolished as fears of credit tightening and distress amongst the junket operators mounts. Macau’s Gaming Inspection and Coordination Bureau just released that revenues for the month of September grew at a 39% rate. This is another data point which demonstrates that China Hard Landing fears are just that, fears. Contrast the strong growth to the Macau geared gaming stocks which have seen rapid declines as investors lost confidence in the space. Here are number of leaders and what the stock prices have sold off since September 1st. This may be an opportunity for investors willing to make a wager.

Wynn Resorts (WYNN) down 24%
Wynn Macau (1128.HK) down 35%
Las Vegas Sands (LVS) down 18%
Melco (200.HK) down 49%
Shun Tak Holdings (242.HK) down 40%
Galaxy Entertainment (27.HK) down 53%

*note that Shun Tak is the Macau ferry operator and also involved in Macau real estate

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5 Responses to Macau Gambling Revenues Grow 39%

  1. Lucy on May 1, 2016 at 10:08 pm

    Argh – yuck, reminds me of a post that Lish at Project Alicia did on these nasties a while back. Bane of every parents life. I first got them at eight and spread them to the entire family while we were caravanning one weekend. When we combed my hair out into the basin it went black with the li..uc..jest thinking about it makes me itch!

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