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Virgin Territory
By Ian Cooper
There’s a reason we’ve been talking about Macau so much. It’s because the investment opportunities in the region are so cheap right now, it’d be like buying Yahoo out of the gate. Seriously. These stocks are cheap, and they’re not likely to get any cheaper. In fact, we wouldn’t be surprised if many of them doubled… tripled… even quadrupled in value, as Macau successfully becomes the Asian version of Vegas.
Smart investors are literally pouring billions into Macau. It’s already attracted the mega-billionaires, like Wynn and Kerkorian to the area, and it may have just attracted Sir Richard Branson’s Virgin Group. According to Boston.com, the Virgin Group “is close to securing a 20-hectate site in Macau to building a $3 billion complex, which could add to the city’s rise as the world’s gambling capital…”
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Even better, according to an FT.com story linked to by DrudgeReport.com, “Macao surpassed the Las Vegas Strip to become the world’s biggest gambling center in 2006, measured by total gambling revenue, according to industry analysts and government figures released today. In the eight years since Macao, a former Portuguese colony on the coast near Hong Kong, was returned to Chinese control in 1999, it has experienced a huge boom in casino investment, and millions of mainland Chinese have been flooding into the tiny island territory to gamble. As a result, gambling revenue soared by 22 percent in 2006, reaching $6.95 billion, according to figures released by the local administration today.”
Better still, Macau, which just dethroned Las Vegas as the world’s gambling capital, could double its revenue to $14 billion by the time 2010 rolls around. That’s huge. This is an ever-expanding region with 1.3 million people living within a three-hour flight of Macau and another 100 million people living within a radius of a three-hour drive, according to Macau Business News.
What does that mean for investors? Buy any company that’ll be involved in Macau casino growth.
Take care,
Ian L. Cooper, Editor, Early Alert Trader