By Ryan Fitzwater Macau – an autonomous region on the south coast of China – is nicknamed the “Las Vegas of Asia.”
Its giant casinos and malls on the Cotai Strip make it a huge tourist attraction for Asian gambling.
And for investors, Macau’s gambling revenue is one to watch. It can signal emerging market moves.
Emerging markets have struggled this year due to global macro forces like trade wars and a stronger dollar, as well as local issues.
And today’s chart signals the pain could continue.
What’s great about the Macau indicator – the year-over-year growth of gambling revenue – is that it’s a consumer sentiment barometer.
Forget …read more
