Wynn Resorts (NYSE: WYNN) has already cut dividends in response to the weakness, pointing to uncertainty in the Chinese city as the “plaguing word of the day.” WYNN makes up 6.3% of BJK’s portfolio.
However, the city is trying to rebuild its market with shops, restaurants, entertainment shows and other non-gaming attractions to bring in more middle-class tourism. For instance, Galaxy Macau is planning a Broadway.
Market Vectors Gaming ETF
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Max Chen contributed to this article.