Share prices for Wynn Resorts and Las Vegas Sands are up again and outlooks for the new year look good. Both casinos have just recently opened new outlets in Asia. For the Asian gambling market growth rates remain strong with Macau reporting a 66% surge in gaming revenue in December. Analysts predict this development to continue in the next couple of months.
Wynn Resorts and Las Vegas Sands have diversified away from casinos just in Las Vegas after it was hit by the recession following the GFC. Increased competition among the different states as well as from online casinos make business much tougher in the states. Online casinos have been on the rise as well especially in Europe. UK online casinos as well as German, French and Spanish casinos en linea are very popular. Many offer a great online casino bonus and many different games. Often it is just more convenient and cheaper to play online. In Asia for the moment they still prefer visiting the actual casino so more and more companies try to get a foothold in that market.