Macau’s Casino Revenues Soar in 2012: Expect Even Larger Gains to Come From Both LVS & MGM

chipsCasino revenue in Macau grew 13.5% last year to a record $38 billion, reinforcing the Asian gambling hub as the world’s biggest gambling market.

We have been keen followers and supporters of Macau’s growth ever since we first tapped into the Asian gambling markets back on May, 2010. We first started following Macau after advising investors to invest in the three major casino players Las Vegas Sands (LVS), Wynn Resorts (WYNN), and MGM Grand (MGM) all of whom had significant growing interests in Macau’s booming gambling market. Since then we have revised our positions most recently recommending investors to bet strongly on LVS and hold-off on WYNN. To read the original article click on the link: Best Bet on Macau? Las Vegas Sands or WYNN Resorts? So far, our hand has played great as LVS is up more than 20% while the WYNN is down 1%.

As for MGM Grand, they are another big casino player and one to watch with great interest, as they too have been on a soar as of late. We also have been long-term supporters of MGM as you can see in our article: MGM’s Prospects Growing: Huge Opportunity in Macau 

What should you expect in the long-run now from both LVS & MGM? You’ll have to wait and see, tune into Stocks on Wall Street Monday for an updated position on both picks.

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