Tag: Macau gaming stocks
Betting on Macau Gaming Stocks Pays Off
January 7, 2014
Gambling regulator data on Macau gaming stocks released Thursday showed that three dozen casinos raked in 33.5 billion patacas ($4.2 billion) in December. That brought revenue for 2013 to 360.8 billion patacas ($45 billion), up 18.6 percent from the year before. Macau’s results smashed even the most optimistic expectations, according to an article in the Las Vegas Review-Journal. One analyst told the Review-Journal that 2014 is expected to be an even bigger year for casino operators in Macau. Analyst Grant Govertsen of Union Gaming Research estimated that Macau’s take would be more than seven times the amount earned on the…