How To Make A Mountain Of Money From Overseas Casinos [Las Vegas Sands Corp., Melco Crown Entertainment Ltd (ADR), MGM Resorts International]

Share This Article
March 10, 2014 4:04pm NYSE:BJK

gamblingTony Sagami: In my children’s eyes, I’m so old that they think that I went to college with George Washington. (While I’m no spring chicken, I’m not that old!)


Old or not, dad is their favorite ATM machine. My 21-year-old son, Kenji, recently asked me to pay for a spring break vacation to Las Vegas. “Allllllllll my friends are going, Dad!”

Las Vegas? “College kids in Las Vegas” sounds like trouble waiting to happen. I couldn’t stop visions of The Hangover from dancing in my head.

My son is very responsible, a great student, and an all-around wonderful kid … but I still said “no.”

Look, my vegetable farmer father would have never shelled out his hard-earned money for a spring vacation trip. Moreover, my father expected me to work (without pay) on the family farm for Christmas and spring breaks.

I’m just not a big gambler, and I don’t want my children to pick up the habit. However, I think I might be in the minority among my fellow Asians.

Overseas Casinos Out-Vegas Las Vegas

People from Asia, particularly the Chinese, are some of the most-enthusiastic gamblers in the world.

Heck, I once sat in a hole-in-the-wall restaurant in China and watched a group of old Chinese men bet which fly on the wall would take off first.

When it comes to casinos, Las Vegas can’t hold a candle to Macau. Sure, Las Vegas is one of the most-popular tourist destinations in the world, but it is getting out-Vegased by Macau.

Macau is the only city in China that offers legalized gambling, and it earns SEVEN times as much gambling revenue as Las Vegas.

Yup … SEVEN TIMES!

Macau is within a five-hour flight of 3 billion people — nearly half the world’s population. To put this into perspective, Las Vegas is the same distance from only 450 million people!

Unusual New Year’s Resolution for 770K Chinese: Take Up Gambling!

China recently completed its biggest holiday of the year, the week-long Lunar New Year. Hundreds of thousands of Chinese swarmed to Macau for a little R&R and gambling.

According to the Macau Government Tourist office, more than 770,000 mainland Chinese traveled to Macau during the week long holiday, a 23% increase from a year earlier.

And boy, did those 770,000 visitors gamble up a storm!

Macau’s total gambling take for the month of February was $4.8 billion, the highest monthly take EVER and a whopping 40% year-over-year increase.

With that many gamblers and that much gambling action, somebody is making a mountain of money.That somebody could be you because the stocks of five —- yup, five different Macau casinos —- are traded right here in the U.S.A.

  • Las Vegas Sands (NYSE:LVS) owns the luxurious Venetian hotel in Vegas as well as a stake in the Macau Venetian and the Marina Bay Sands casino complex in Singapore. That $5.5 billion resort project has a 15,000-square-meter casino, a stunning three-tower hotel with 2,500 rooms, restaurants, nightclubs, shopping, as well as one of the largest convention centers in Asia.
  • Wynn Resorts (NASDAQ:WYNN) is one of the most-recognizable names in Las Vegas with the success of Wynn Las Vegas and the Encore at the Wynn. The Wynn Macau is Steve Wynn’s newest and perhaps most-profitable casino yet. Wynn Macau shares are available on the Hong Kong Stock Exchange (1128.HK) or the U.S. over-the-counter Pink Sheets (WYNMF.PK).
  • MGM Resorts (NYSE:MGM) is the only Macau casino I’ve visited that wasn’t packed with gamblers, but the firm is also building several hotels in mainland China.
  • Melco Crown Entertainment (NASDAQ:MPEL) is a company few Americans have ever heard of, but it owns several Macau casinos and its stock is traded right here in the U.S.
  • Lastly, Genting Berhad (GEBHF.PK or 3182.KL) doesn’t own a casino in Macau but it is the third-largest casino company in Asia. It owns/operates casinos in Singapore and the Philippines, plus the only casino in Malaysia as well as the only casino in the state of New York.

Tony SagamiThis article is brought to you courtesy of Tony Sagami

Money and Markets is a free daily investment newsletter published by Weiss Research, Inc. This publication does not provide individual, customizedinvestment or trading advice. All information is based upon data whose accuracy is deemed reliable, but not guaranteed. Performance returns cited are derived from our best estimates, but hypothetical as we do not track actual prices of customer purchases and sales. We cannot guarantee the accuracy of third party advertisements or sponsors, and these ads do not necessarily express the viewpoints of Money and Markets or its editors.


9 "Must Own" Growth Stocks For 2019

Read Next



Get Free Updates

Join over 50,000 investors who get the latest news from ETFDailyNews.com!

Most Popular



Explore More from ETFDailyNews.com

Free Daily Newsletter

Get daily ETF insights from our market experts. Never miss another important market development again!

ETFDailyNews.com respects your privacy.

Best ETFs

We've rated and ranked nearly 2,000 ETFs and ETNs using our proprietary SMART Grade system.

View Top Rated ETFs

Best Categories

We've ranked dozens of ETF categories based on relative performance.

Best ETF Categories