It doesn’t seem obvious, but the worlds of gambling and finance are tied together. As long as casinos have existed, they have always had shares in the market. Investments for casinos rise and fall with the economy, but there are always wealthy shareholders ready to buy and sell on the stock exchange.
Gambling and investing, however, is not the same. There are different levels of understanding and knowledge necessary for both financial decisions people make every day.
Unstable Markets and Shift in Shares
The professionals involved in the finance world actively dislike the comparison between gamblers and investors. This aversion is understandable. Poker players or blackjack fanatics need the skill to win, but these games also need a lot of luck. It is a game of chances.
However, if new casinos don’t open, the stock market is missing out on a lot of possible revenue that could travel through its doors. Therefore, the recent casino development in Macau of all places is more important than ever.
The peninsula seems to be the perfect place for a new development of casinos, changing the infrastructure of Macau’s downtown. The gambling market is always popular no matter how many casinos there are. However, development and increased presence could see a new surge of revenue traveling to these new casinos.
Perhaps Macau can become a second Las Vegas. It is possible that this kind of investment from the casino industry chiefs could even surpass the popularity Las Vegas is monopolizing now.
Any development would see a dilemma for the investors and contractors alike. Now, it is not clear which buildings would stay and which would have to go.
Most of the casinos already inhabiting the peninsula would stay where they are and maybe see a refurbishment. They might change hands and be sold to different operators with a whole new array of cash holders. If the popularity of these properties grows, current owners might seek to sell for profit and either buy new property or leave the market for good giving space to new people.
The arrival of tourists and local gamblers would also see the hospitality and catering landscape changing as those needs would come to the surface.
What Happens Next?
The success of one area does not automatically mean the loss of profit for other sectors. Tougher competition is a great driver for innovation and improvement. Competition is necessary for all aspects of the market, and that involves gambling. With higher traveling risks, tougher visa policies and thundering clouds gathering on the international level. This environment means that casinos must be clever and find new ways to attract people who would generate revenue and keep the industry going.
With the shares falling for the casino giants in Macau and Las Vegas, and NASDAQ reporting revenues going down in Macau, new traveling attractions are needed.
Transport costs and ticket costs have gone up. Drinks and accommodation also cost more. This means that casino owners need to find some new attractions.
Building and improving the gambling stage is an option worth exploring. The casino owners must be aware of the online competition they now must fight as well.
People have gone digital and are more than content to gamble online without spending a lot of money on traveling costs. Transport costs and ticket costs have gone up. Drinks and accommodation also cost more. This means that casino owners need to find some new attractions.
Building and improving the gambling stage is an option worth exploring. Yet the casino owners must be aware of the online competition they now must fight as well.
People have gone digital and are more than content to gamble online without spending a lot of money on traveling costs.