Shareholders of battered gaming companies with exposure to the world’s largest gambling market in Macau, China are certainly glad to see the calendar flip over to 2015. After 2014 started with such promise, the second half of the year ushered in a collapse in gaming revenue due to a handful of coinciding factors.
However, after 2014 went out with a whimper, is the worst of the Macau mess now in the rear view mirror?
Ending On A Low Note
Punctuating an abysmal 2014, December’s Macau gaming revenue number was the worst all year: A more than 30 percent year-over-year drop.
Unfortunately for shareholders of Melco Crown Entertainment Limited MPEL 0.53%, Las Vegas Sands Corp LVS 1.68%, Wynn Resorts WYNN 1.92% and MGM Resorts International MGM 1.69%, December’s numbers were no fluke.
In fact, a graph of 2014’s monthly revenue numbers for Macau (in millions of Macau Pataca) tells a clear story: Year-over-year revenue growth peaked in February, turned negative in June, and continued to plummet through the rest of the year.
What Now?
Now that it’s a new year, are the woes of 2014 in the past for Macau?
After a string of…
Read the rest of this article (and all my other articles) for free on Benzinga by clicking here
Want to learn more about the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!
