• It's Coming...


    Identify global risks and opportunities with essential macro intel using Hedgeye’s Market Edges.

Forget Las Vegas, Macau is the gambling capital of the world. It rakes in multiples of Las Vegas’ gambling revenue each year. And there’s still a massive opportunity for investors.

“If you look at the U.S. and Australia, those are the most penetrated gaming markets in the world. You can see that 33% of people in the U.S. have gambled in the last year, 29% in Australia and only 2% in China,” says Gaming, Lodging and Leisure analyst Todd Jordan in the video above. Even on a more conservative measure, estimated gross gaming revenue as a percentage of nominal GDP is just 2.5% in China versus 3.2% in Australia and 3.6% in the U.S.

The opportunity for investors is massive, Jordan says.

“We’re very, very bullish on the long term growth,” he says. “This is a great place to be for long-term investors.”

Watch the video above for more.