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thunder valley casino mattrebOver 15 million American adults have an alcohol use disorder.A University of Iowa study found that almost six percent of the US population has compulsive buying disorder.And an addiction to sex – classified as “persistent and escalating patterns of sexual behavior despite increasing negative consequences” – afflicts 12 million people. Visitor arrivals were up 27 percent, with more than 1.2 million people traveling to the enclave. As a result, Macau casinos are bracing for a slowdown. the borgata online casinoChina has lowered its economic growth target for 2019 to 6-6.5 percent, which would be the country’s lowest expansion in 29 years. MGM Resorts will release its 2018 results today, but through three quarters of 2018, Macau operations were responsible for .7 billion of the company’s .7 billion in revenues.An economic slowdown threatens to further hurt the three casino stocks after all endured a difficult 2018. We can’t control the certitudes of the market.Macau Critical to US GamingLas Vegas Sands, MGM Resorts, and Wynn Resorts – the three US-based casino operators licensed in Macau – now control about 60 percent of the Chinese enclave casino market. mgm grand casino maryland

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lake tahoe biltmore casinoWynn Resorts CEO Matt Maddox told investors recently that the company is “watching the situation with caution.”“We continue to experience peaks and valleys in Macau,” Maddox explained. Sands shares lost more than 25 percent of their value last year, MGM 29 percent, and Wynn over 40 percent.The Good NewsIt’s not all doom and gloom out of China. China has lowered its economic growth target for 2019 to 6-6.5 percent, which would be the country’s lowest expansion in 29 years. borgata casino las vegas(Image: Luo Yunfei/Getty)The People’s Republic of China reported last month that 2018 GDP growth was 6.6 percent. As a result, Macau casinos are bracing for a slowdown. We can’t control the certitudes of the market.Macau Critical to US GamingLas Vegas Sands, MGM Resorts, and Wynn Resorts – the three US-based casino operators licensed in Macau – now control about 60 percent of the Chinese enclave casino market. black hawk casino gift cards

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