Macau is home to some of the world’s largest and most beautiful casinos.
Macau, and Macau casinos specifically, is widely considered the Las Vegas of the east, but we will tell you that it is regarded by many as far superior to Vegas by world renowned gamblers.
This popularity of Macau casinos among the world’s most elite gamblers has led to a much stronger fiscal state in Macau than in Vegas.
While Vegas is doing just fine relative to say Atlantic City (thanks to many casinos opening in the Northeast as gambling is legalized), Macau casinos are in another league right now in terms of growth. What do we mean?
Well we have learned that Macau gaming revenue jumped 22.6% in November to 23B patacas ($2.87B) to cruise past the consensus analyst estimates, which were bullish, and were calling for a 19% gain. we learned this because of the data from the Gaming Inspection and Coordination Bureau out in Macau.
The monthly tally is the second highest of the year and pushed the year-to-date Macau growth rate to 19.5%. High hold rates in the VIP segment helped casinos during the month, say analysts at Sanford Bernstein.
Want to know how to invest in Macau casino stocks? Here are some popular names. Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY, WYNN), Sands China (OTCPK:SCHYY, OTCPK:SCHYF, LVS), MGM China (OTCPK:MCHVF, OTCPK:MCHVY, MGM), Galaxy Entertainment (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF, OTCPK:SJMHY), Melco Resorts & Entertainment (NASDAQ:MLCO).