Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of casino operator Wynn Resorts (Nasdaq: WYNN) fell 10% in intraday trading today on worries of a slowdown in China.

So what: A poll by Bloomberg said that investors, analysts, and traders expect China's growth to slow to less than 5% by 2016. Since Wynn counts on China for most of its profit and growth, it could be a big blow to them and other companies with casinos in Macau.

Now what: Gaming growth has been astronomical in Macau partly because of a fast growing Chinese economy. So if economic growth slows, that's bad for Macau. But if we put this into a little bit of context, gaming revenue grew 57% last month, so a slowdown isn't the end of the world. The pressure may continue on stocks like Las Vegas Sands (NYSE: LVS) and Melco Crown (Nasdaq: MPEL), but I think the coming weeks will provide more of a buying opportunity than a reason to panic.

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