Seeking Alpha

Mass market segment driving Macau casino growth

  • Casinos in Macau benefited from increased traffic from Mainland China and higher betting limits in July. (Previous: +20% sales growth)
  • The biggest gaming trend emerging from China's economic slowdown is that even if lower GDP cuts into the pockets of the VIP segment the increased accessibility of gambling to the middle class is more than enough to offset.
  • Macau-related gainers: Wynn Resorts (WYNN) +3%, Melco Crown (MPEL) +3.4%, MGM Resorts (MGM) +3.7%, Las Vegas Sands (LVS) +2.5%.
Comments (3)
  • TFCAB
    , contributor
    Comments (1917) | Send Message
     
    Why is LVS unloved and a laggard? it has a dominant and increasing position in mass market segment, seems to execute on all fronts, yet is hard pressed to move much....its been in a trading range for a year. Someone please shed some light on it for me. This stock should be trying to take out $70!...thanks! long LVS if you couldnt tell.
    1 Aug 2013, 02:06 PM Reply Like
  • taskassistant
    , contributor
    Comments (53) | Send Message
     
    There are just better ways to invest with less volatile stocks. Divvy is nice but not quite enough for the heartburn.
    1 Aug 2013, 03:37 PM Reply Like
  • Vegas_215E
    , contributor
    Comments (12) | Send Message
     
    LVS is only Vegas joints ... 1928:HK is Macau and Singapore properties of Adelson empire. And in Vegas, Wynn has the punters who drop $$$
    8 Aug 2013, 01:45 PM Reply Like
DJIA (DIA) S&P 500 (SPY)