Macau Can Spark The Casino ETF
April 21, 2017 - 8:20am
Up nearly 14 percent year-to-date, the VanEck Vectors Gaming ETF (NYSE: BJK) is at a torrid pace. Macau, the world's largest gambling hub and the only Chinese territory where gambling is legal, is often a driver of BJK's price action and that could prove to be good news for investors as 2017 moves along.
Macau Figures: Getting Better
Macau revenue numbers have been steadily improving. As Benzinga reported earlier this year, The February Macau revenue number topped analyst estimates of 21.5 billion patacas. Macau recorded 3.1 percent revenue growth in January. With seven consecutive months of positive growth in the books and weak comps ahead in early 2017, Macau finally seems to be headed in the right direction once again.
Other data points confirm that Macau is ...Full story available on Benzinga.com
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