Gambling stocks are often up and down rides for investors, and that’s certainly been the case in 2017. The recent crackdowns by the Chinese government, paired with new regulations including smoking restrictions and updated ATM technology requirements, have kept shares fluctuating, despite revenue gains.<\/p>\n
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But now on a 15-month growth streak, investors are sold that Macau is still a safe bet. Following this week’s latest financial numbers, and an analyst report from Nomura that said there’s “a noticeable pickup in demand” in Macau’s VIP and mass market gaming segments, casino stocks are rallying.<\/p>\n<\/div>\n
Nomura said post-Golden Week demand has trended much better than expected, and casino floors remained active throughout the month.<\/p>\n
Sands China was up over four percent on Wednesday, as was MGM’s China holdings unit and Galaxy Entertainment. Wynn Macau grew 3.25 percent, while SJM Holdings was up 1.5 percent.<\/p>\n
Melco Resorts was the big winner, gaining almost five percent in value.<\/p>\n","protected":false},"excerpt":{"rendered":"
Macau casinos took full advantage of China’s Golden Week holiday last month, as the country’s special gaming enclave reported its highest gross revenue win in three years. The Macau Gaming Inspection and Coordination Bureau reported that the region’s casinos won 26.6 billion patacas ($3.3 billion) in October, a 22.1 percent surge on the same month […]<\/p>\n","protected":false},"author":42,"featured_media":62061,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\n
Macau Casinos Post 15th Straight Gain, October Revenue Best in Years<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n