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Is This a Game-Changer for Gaming Stocks?

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December 10, 2012 | Comments (3)

The following video is from Monday's Market Foolery podcast, in which host Chris Hill, along with analysts Bill Barker and Tim Hanson, discuss the top business and investing stories.

In this segment, shares of gaming stocks dropped last week after The Wall Street Journal reported that authorities in China are cracking down on junkets to casinos in Macau. Tim explains the junket business and why it's more crucial for some casinos than for others. With a crackdown on corruption under way, Tim shares why this could be a big win for some (but not all) casino stocks.

For many companies, successfully capitalizing on a booming Chinese economy is like winning the jackpot. That's the case for gaming company Las Vegas Sands, which made a big bet on Macau gaming about a decade ago that's paid off in spades. The company is now looking to spread its empire further, but will it be able to replicate its prior successes? Learn about all these opportunities, and the risks they pose, in our brand-new premium report on Las Vegas Sands. We're providing a full year of analyst updates to go with it, so make sure to claim your copy today by clicking here.

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Chris Hill owns shares of Melco Crown Entertainment. Tim Hanson, Bill Barker, and The Motley Fool have no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Read/Post Comments (3) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On December 11, 2012, at 8:57 AM, cp757 wrote:

    I know you own WYNN and thats why you dont talk about Las Vegas Sands going to 40% of the rooms in Macau or that they will have the most tables or the most revenue or the most customers but the figures just came out for market share in Macau.

    WYNN has lost market share in Macau and will continue to have customers migrate to Las Vegas Sands on Cotai.

    Market Share. According to our checks, table-only December market share through the 10th was: SJM at 27.6% (vs November slot-inclusive share of 27.5%), Galaxy at 15.9% (vs 19.2%), LVS at 21.6% (vs 20.8%), MPEL at 15.0% (vs 13.8%), WYNN at 9.1% (vs 10.1%), and MGM at 10.8% (vs 9.6%).

  • Report this Comment On December 11, 2012, at 9:05 AM, cp757 wrote:

    The trend is to mass market in Macau and Las Vegas Sands has the most mass market in Macau. This just in from Macau.

    Sands China starts accepting Alipay

    12/11/2012

    The Venetian Macao and Sands Macao now accept payments via Alipay, China’s most widely used third-party online payment solution, according to a press release from Sands China Ltd.

    The service provider had more than 700 million registered accounts as of June, and began facilitating transactions from the Venetian Macao and Sands Macao websites on November 28.

    Alipay is an affiliate of Alibaba Group.

    “Offering Alipay as an additional payment option when booking our hotels online represents a fabulous convenience for our guests who book online from the mainland,” said David Sisk, chief operating officer of Sands China.

  • Report this Comment On December 13, 2012, at 6:41 AM, cp757 wrote:

    Credit Suisse issued the Macau gambling shares research report, refers to last month's Macau gaming revenue increased 7.9% year-on-year, was amazing. The adjusted figures, however, show the increase was 14.2%, the largest increase since April.

    The same time, the bank also projected gaming revenue growth of 31% for the Month of December.

    LVS will sing on those numbers. The right place at the right time.

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