Stocks and shares for Macau casino operators rose by as much as 7% during the end of 2009 and are expected to continue to do so during 2010. They are defying the general doom and gloom in the global economy and has enjoyed a 59 percent uplift since 2008!
Some of the more notable companies based in Macau have driven this success, namely the Wynn Resorts and the Las Vegas Sands. So there’s sure to be a lot of happy businessman out there, unlike those in Dubai right now.
Joanthan Galaviz, financial strategist said, "Half of Dubai's story is tourism. There will probably be some negative sentiment toward tourism assets globally, such as casino operations, as Dubai gets squared away."
It would seem that Macau really is the golden child of the casino industry at present and the Asian equivalent of Vegas.
It’s great to hear that this region’s casino industry is booming and making a profit at a time when people the world over are being much more cautious about what they spend on leisure and recreation.
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