Revenues at Macau's casinos fell 3.7% year over year in June, and investors are pouncing on gaming stocks following some sharp drops in share prices this year.
With revenues falling to 27.2 billion Macau patacas ($3.4 billion U.S.), most likely due to a huge decline in VIP revenue, the slowdown in Macau's gaming growth has been a boon for investors looking to jump in. Wynn Resorts (NASDAQ: WYNN ) , Las Vegas Sands (NYSE: LVS ) , Melco Crown Entertainment (NASDAQ: MPEL ) , and MGM Resorts International (NYSE: MGM ) -- the parent companies of Macau's casinos -- all saw gains recently due to bad news from the "Asian Las Vegas."
In this segment of The Motley Fool's Where the Money Is, consumer-goods editor Mark Reeth and analyst Michael Finarelli discuss whether it's a good time to gamble on Macau's casinos.
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