- 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%.
Mass market segment driving Macau casino growth
Aug 1 2013, 13:56 ET