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.

“A report released by Stifel Nicolaus on Monday evening suggested that investors may want to be careful before betting on the casinos. The report gave a price target of $56 for Las Vegas Sands and a generally positive outlook for the casino giant. But it also mentions that investors should watch for a recovery in the casino business and wait to see how the industry reacts to new openings,” according to CNBC.

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Las Vegas Sands (NYSE: LVS) and Wynn Resorts (NASDAQ: WYNN) are dominant names in Las Vegasm but the companies, two marquee holdings in BJK, are also big players in Macau, levering each to Chinese gambling trends.

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Market Vectors Gaming ETF