Sure, you can spend your days speculating about the Full Tilt sale.
But there's a whole gaming industry out there to worry about.
If you're not at the Gaming Expo in Vegas, amuse yourself by reading about the Macau gaming operators' stock market slaughter, the anti-gaming legislation just passed in Kyrgyzstan, and the Riviera Holding Company's biblical sacrifice of one of its children to save the other. If Vegas posted those numbers, it would be cause for celebration.
Macau Gaming Stocks Plummet on Fears of Chinese Growth Slowdown Macau year-over-year gaming revenue grew 39 percent in September. But for Macau, it was a sign the golden goose might be cooked.
The growth compared with September 2010 was small next to August's 57 percent increase, July's 48 percent increase, and June's 52 percent increase.
Macau casino operators saw their stocks tank last week and the beginning of this week amid fears that growth of the Chinese economy is slowing and broader market declines will force Asian high rollers to cut their gambling budgets. crashed 20 percent to its lowest price since it was listed in June, but gained back four percent by Tuesday.
Chinese stocks have fallen 21 percent in the last six months. The Macau mini-panic caused Las Vegas Sands stock, traded on the New York Stock Exchange, to drop 5 percent, while Wynn Resorts Ltd. The stocks without American parent companies fell even more.
There is also some concern that junket operators, who often extend credit to their clients, may be facing a liquidity crisis. fell 14 percent, its steepest decline since it was listed two years ago, and then continued to fall for the next two days. SJM Holdings Ltd., gaming magnate Stanley Ho's company, plunged 26 percent, the most it has ever fallen.
On Tuesday, SJM was up 2 percent from its lowest point.
Melco International Development Ltd., half of the the team behind the Melco Crown and the owners of the Crown chain in Australia, fell 16 percent. fell 19 percent on Friday and dropped another 6 percent on Monday.
Hong Kong's Hang Sen Index closed at its lowest point since 2009 on Monday after recording its steepest quarterly fall since Sept. In other words, there's not a lot of good happening in the Hong Kong market.
National Day is celebrated in China next week with a week-long holiday.