Seeking Alpha

Mass-market segment changes gaming dynamics in China

  • Growth in gaming revenue per visitor is slowly dropping in Macau as the mass-market segment makes up a larger percentage of total traffic.
  • As demonstrated visibly by MGM Resorts' Q3 report earlier today, China continues to be the driving force behind growth for many large gaming companies with the ability of operators to drive mass-market traffic key.
  • Related stocks: MPEL, MGM, WYNN, LVS.
Comments (4)
  • Coltgunsil
    , contributor
    Comments (86) | Send Message
     
    The fact that Macau casinos are drawing more business from the "mass market" is a GOOD thing. It shows the middle class is growing rapidly in China and that the Chinese are becoming consumers as well as manufacturers.

     

    Melco reports next week. It will benefit greatly from the mass market and keep the VIP's. This is not a zero sum business. Casinos can have both. Besides, the hold per cent ages are great in slots.
    31 Oct 2013, 10:22 AM Reply Like
  • vegas05
    , contributor
    Comments (27) | Send Message
     
    win per visitor is up 10% year to date. That is sensational. Mass market is the mother lode. Embrace it
    31 Oct 2013, 12:28 PM Reply Like
  • walkingbear
    , contributor
    Comments (6) | Send Message
     
    strictly bottom left to upper right.
    31 Oct 2013, 12:50 PM Reply Like
  • BuyToSell
    , contributor
    Comments (224) | Send Message
     
    Why is LVS stagnant the past week or so?
    31 Oct 2013, 04:05 PM Reply Like
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