Gaming company Las Vegas Sands (LVS, quote) reported both its quarterly and annual results Wednesday afternoon; the firm had massive profits thanks to strength from its casinos in Macau.
As reported this week by Bloomberg, pawn shops in Macau are thriving. What, if anything, can investors in the Macau casino space extrapolate from this?
The Macau gaming sector was again in the news today as the Hong Kong-listed Galaxy firm expressed its interest in expanding its Macau casinos.
With Ben Bernanke’s announcement that the U.S. Federal Reserve would engage in a new round of ‘perpetual’ quantitative easing, the risk-on trade looks to be back on, which could mean even more upside for Macao gaming stocks.