Las Vegas Review Journal – Anytime the investment community gets downwind of a potential hiccup in the Macau gaming market, a slash-and-burn mentality sets in. The victims are often MGM Resorts International, Las Vegas Sands Corp. and Wynn Resorts Ltd. The Las Vegas-based companies have subsidiaries listed on the Hong Kong Stock Exchange and those stock prices usually take a beating. Sometimes, the companies’ share prices on the New York Stock Exchange and Nasdaq suffer collateral damage. In April, skittish investors worried about deteriorating liquidity in the high-end wagering credit market. A month earlier, it was fear that gamblers would…

Wall Street Journal – Macau gambling company Galaxy Entertainment Group said Wednesday that it recently signed a framework agreement to build a 10 billion yuan ($1.6 billion) resort on a nearby island China hopes to transform into a thriving city at the heart of the Pearl River Delta. Unlike Galaxy’s megaresorts in Macau, which has ballooned into a $45 billion gambling market, this project wouldn’t have a casino. The rationale for building the resort, the first such project set to be built by one of Macau’s six casino operators, is to complement Galaxy’s business in the territory, differentiate it from…