According to the University of Macau economics professor Fung Kwan, the city’s economy will shrink by 13.6 percent in 2016.
In addition, Fung said that 2016 gross gaming revenue totals will come in 15-20 percent below 2015’s totals. Macau started off 2016 with a 21.4 percent gaming revenue decline in the month of January.
Despite the negative momentum, Macau did get some good news at the end of January. Last Friday, Li Gang, director of the Chinese government’s Liaison Office in Macau, said that China is currently discussing potential legislative measures to boost Macau’s economy.
A.B. Bernstein analyst Vitaly Umansky believes that the potential for supportive measures is one of several reasons why long-term Macau investors will eventually be…
Click here to continue reading
Want to learn more about how to profit off 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!