Tue, Jul 23, 2013
The Single Best Pure Play On The 'Las Vegas Of China'
Can you name the gambling capital of the world?
If your answer is "Las Vegas," you're wrong.
Macau is the world's leading destination for betting, having passed Vegas back in 2006 in terms of gambling revenue.
This 11-square-mile special administrative region of China is a self-governed casino destination along China's southern coast. Last year, gambling accounted for 50% of Macau's GDP and 84% of its fiscal revenues.
So what's the best way to play this intriguing and rapidly growing market?