Investing like Ace Rothstein in Macau China

From The Stock Masters

Last year Macau, China received 21.99 million visitors, setting a new record and registering a 14.6% increase over the previous year. The two biggest Macau casinos that you can invest in have watched their stock drop in the last month. Those big boys would be Las Vegas Sands (LVS) down 14.7% and Wynn Resorts (WYNN) down 18.8% in the last 30 days. Both of those companies are taking over Macau China like Deniro and Pesci took over Vegas in Casino. Like Deniro’s character Ace Rothstein said during the movie: "Running a casino is like robbing a bank with no cops around". We turn to Shaun Rein to make some sense of it all, analyze the recent drop in China’s market, and focus on China’s Tourism Industry. Shaun says "China’s economy is still humming along and there is little correlation with the strength of the stock market and the strength of the overall economy." That maybe so and even if you disagree, it’s hard not to acknowledge LVS and WYNN’s growth potential that should not be overlooked in the recent market panic. We all know the gambling industry will never slow down, with people constantly losing money, it’s just more pressure to make it all back. One more quote from Ace to send us off: In the casino, the cardinal rule is to keep them playing and to keep them coming back. The longer they play, the more they lose, and in the end, we get it all. And how Ace, and how. Shaun Rein article continued…

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