Las Vegas Is a Better Bet as Macao Gambling Revenue Tumbles
The recovery in casino gambling in Macao always seems to be just around the corner, but it never quite arrives. Yet another plunge in monthly gambling revenue in October shows the rebound remains over the horizon and makes Las Vegas casinos the better bet.
For those resort operators like Las Vegas Sands (NYSE: LVS) and Wynn Resorts (NASDAQ: WYNN) that make most or virtually all of their money from the Chinese enclave, the losing streak is going to hurt for some time to come.
In contrast, the likes of MGM Resorts International (NYSE: MGM) and Caesars Entertainment (NASDAQ: CZR), which rely primarily upon Las Vegas and other regional U.S. gambling markets that are playing a hot hand, should be where investors put their money.
Source Fool.com
