Macau’s gaming industry isn’t just going through a recovery — the recovery is accelerating. Gaming revenue rose 22.1% in the month of October to $3.31 billion, its highest level in three years.
Once again, VIPs are driving the gains in Macau. The recovery has so far favored Wynn Resorts (NASDAQ: WYNN) over Las Vegas Sands (NYSE: LVS), MGM Resorts (NYSE: MGM), and Melco Resorts (NASDAQ: MLCO), but a rising tide will eventually lift all boats, and that’s great news for investors.