Is This a Game-Changer for Gaming Stocks?
The following video is from Monday's Market Foolery podcast, in which host Chris Hill, along with analysts Bill Barker and Tim Hanson, discuss the top business and investing stories.
In this segment, shares of gaming stocks dropped last week after The Wall Street Journal reported that authorities in China are cracking down on junkets to casinos in Macau. Tim explains the junket business and why it's more crucial for some casinos than for others. With a crackdown on corruption under way, Tim shares why this could be a big win for some (but not all) casino stocks.
For many companies, successfully capitalizing on a booming Chinese economy is like winning the jackpot. That's the case for gaming company Las Vegas Sands, which made a big bet on Macau gaming about a decade ago that's paid off in spades. The company is now looking to spread its empire further, but will it be able to replicate its prior successes? Learn about all these opportunities, and the risks they pose, in our brand-new premium report on Las Vegas Sands. We're providing a full year of analyst updates to go with it, so make sure to claim your copy today by clicking here.
The article Is This a Game-Changer for Gaming Stocks? originally appeared on Fool.com.Chris Hill owns shares of Melco Crown Entertainment. Tim Hanson, Bill Barker, and The Motley Fool have no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.