Junket operators, who account for two-thirds of betting in Macau, lend to Chinese players who are limited on how much money they can bring over from the mainland, and the operators collect gambling debt. [Gambling ETF Cools Off]
“Wynn Resorts Chairman Steve Wynn slammed Macau in October over the table game allocations, saying the company had not been told how many of its requested 500 gaming tables would be approved. Las Vegas Sands Chairman Sheldon Adelson was more diplomatic a week later, saying the company has ‘always been respectful of the Macau government’s desires,” reports the Las Vegas Review-Journal.
Market Vectors Gaming ETF