Casino stocks lifted by macau could see winning streak end

Casino stocks lifted by macau could see winning streak end gambling credit card debt Wynn will open its newest multibillion-dollar casino -- Wynn Palace in the trendy Cotai Strip area of Macau -- on Aug.

Please upgrade your browser to improve your experience. Casino stocks are ripping higher after the NOW WATCH: This is what separates the Excel masters from the wannabes. Read Business Insider On The Go. Please go to Windows Updates and install the latest version. Melco is not near a buy point, but it did rise above its day line Monday. Macau's gambling industry on a losing streak.

The high rollers have made a comeback to Macau ’s casinos, which may not be the good news it would appear to be. Image source: Getty Images. The hot streak has caught people by surprise because of the way it was achieved, and it has implications that ensure the future remains uncertain. Gaming revenue is the tide that lifts all gaming stocks. If Macau can begin to move in that direction, it'll be a big win for the region. The rebounding in gaming is huge for Macau, but the casino floor may not be the only growth driver there going forward. The Asian gambling capital’s winning streak is cooling after a decade of red hot growth that transformed the city from a neglected Here’s what a bunch of long-suffering casino stocks are doing after that news. Macau made up 77% of the company’s revenue as recently as the end of last year.