Sands China is up a lot less than what LVS was up today, suggest LVS will pull back tomorrow. I am in for a quick profit, so a nice dip in the morning will be fine with me, then you guys can go to the moon with this flip of a coin stock. Casinos produce nothing. They provide entertainment, and take folks money. Like cigarettes, they are predators, and eventually kill their host. They have no long term growth potential, because the people who play there wither away. Somehow, sin industries have a way of persisting. Years ago, Trump casinos appeared like palaces in their day, but now are bankrupt and nearly eyesores. With nearly everyone able to gamble on line in some form or fashion, and casinos located in nearly everyone's city these days, LVS, MGM and Wynn will only fade with time. The only impetus behind the run up this year has been Macau. Without that, these stocks would be flat. China limits gaming activity, and can suddenly make changes with such businesses that are likely to erode away at its citizens. You think Google had problems!
Not a dream dude, read: SJM Holdings Ltd., controlled by Macau billionaire Stanley Ho, declined 2.6 percent to HK$9.22 in Hong Kong pre-market trading after Macau’s casino revenue grew at the slowest pace this year.
Macau’s September casino revenue increased 39.8 percent to 15.3 billion patacas, compared with 40 percent growth in August.