Tag: long-term growth
Analysts predict long-term growth for Macau casinos
May 14, 2014
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…