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Investing

Investing like Ace Rothstein in Macau China

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By Douglas A. McIntyre Published
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From The Stock Masters

Last year Macau, China received 21.99 million visitors, setting a new record and registering a 14.6% increase over the previous year. The two biggest Macau casinos that you can invest in have watched their stock drop in the last month. Those big boys would be Las Vegas Sands (LVS) down 14.7% and Wynn Resorts (WYNN) down 18.8% in the last 30 days. Both of those companies are taking over Macau China like Deniro and Pesci took over Vegas in Deniro and Pesci were Gods in CasinoCasino. Like Deniro’s character Ace Rothstein said during the movie: "Running a casino is like robbing a bank with no cops around". We turn to Shaun Rein to make some sense of it all, analyze the recent drop in China’s market, and focus on China’s Tourism Industry. Shaun says "China’s economy is still humming along and there is little correlation with the strength of the stock market and the strength of the overall economy." That maybe so and even if you disagree, it’s hard not to acknowledge LVS and WYNN’s growth potential that should not be overlooked in the recent market panic. We all know the gambling industry will never slow down, with people constantly losing money, it’s just more pressure to make it all back. One more quote from Ace to send us off: In the casino, the cardinal rule is to keep them playing and to keep them coming back. The longer they play, the more they lose, and in the end, we get it all. And how Ace, and how. Shaun Rein article continued…

http://www.thestockmasters.com/index.asp

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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