Holy Macau!: Wynn Resorts (WYNN) And Las Vegas Sands (LVS) Head Eastbound And Down

Holy Macau!: Wynn Resorts And Las Vegas Sands Head Eastbound And Down

By: Regal Point Capital

Source: Seeking Alpha

We all know that whatever happens in Vegas, stays in Vegas–or at least we should hope! But recently it seems that what happens in Vegas is happening a lot more in Macau — the “Vegas of the East.” Most people in the US are shocked to learn that for every $1 spent in Vegas, $7 is spent in Macau! Below, we’ll go over a couple of names that could help capture some of that Macau money. But first, a quick primer…

Macau is the only place in China where gambling is legal. Originally a Portuguese colony in the sixteenth century, Macau was “officially” handed back to China in 1999. Because Macau is considered a “Special Administrative Region,” the normal laws don’t apply. As most of us know, people tend to want what they can’t have — and gambling is certainly no exception.

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