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Just four years ago, Lui was the second richest man in Asia. 10p blackjack online las atlantis casino download But an anti-corruption crackdown spearheaded by Chinese President Xi Jinping directed its attention to Macau in 2014 and plunged the gambling hub into a downward economic spiral that lasted almost two years. Downturn Wiped billion Off Market CapXi’s campaign targeted the movement of money into Macau from the Chinese mainland, as well as the corrupt officials who carried it and the Macau junket industry that facilitated the whole show. The high-rollers who once accounted for 60 percent of the Macau gaming market were warned off. But in the summer oresorts casino hotel 1133 boardwalkf 2016, they slowly began to return, and meanwhile, Macau had pivoted towards the mass market, reinventing itself as a family destination for the Chinese middle classes. black oak casino fishing pond Galaxy is well on the way to recovering the billion of its market value lost during the market slump, and its winning streak shows no sign of letting up.

Key Insights and Expert Analysis

Analysts are confident Galaxy stock will surge beyond its January 2014 all-time high. chumba casino gift card They credit its mass market operations for its overtake of SJM Holdings and Sands China as the dominant player in the Macau market. Guide to the Galaxy“Galaxy is doing a better job operationally than any other operator today,” Macau-based Union Gaming analyst Grant Govertsen, told Bloomberg. “The company came out of the downturn with a much better mass-market program that has enabled them to become a much better all-around operator with a much more impressive future growth potential. black bear casino duluth mn hotel ”“Barring something catastrophic happening to China’s economy, it is unlikely that Galaxy’s earnings power faces much risk other than the occasional downturn in gaming revenue,” he added. is hollywood casino in lawrenceburg indiana open Last week, Galaxy bought 4. Harrah S Casino Jobs Kpnw

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