Growth stocks can really suffer if they miss their targets even slightly. That is what has happened recently with the Macau casinos.
Wynn Macau traditionally launches the Chinese gaming group’s earnings season. Once again, the company’s earnings show there are still ways to invest in the newly minted middle-class Chinese consumers.
Macau casino company Melco Crown has been such a good call and remains compelling in the context of recent competitor numbers.
It looks like the Chinese middle class is flocking to Macau in a big way, even if speculators are fretting about a slowdown in the gambling haven’s ability to entice ultra-rich visitors.