New smoking rules have been the least of the problems to beset Macau this year. The Chinese gaming enclave has experienced four straight months of gaming revenue declines.
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Borgata, the company’s flagship resort in Atlantic City, may see a revenue boost from a far different means – Atlantic City is shrinking.
The last time Macau’s casino industry experienced a monthly gaming revenue decline, the Los Angeles Lakers won their 16th National Basketball Association championship and the Los Angeles Kings were National Hockey League doormats.
Save for a few small companies, Wall Street has thrown in the towel on slot machine manufacturers for 2014.
For now, we have a benchmark on Strip land values.
