For more than two years, I've been writing about a massive Chinese growth trend...
It returned as much as 120% over that time.
Now, this trend is broken. It's time to get out.
Macau is the greatest gambling spectacle in history. It's a tiny island on the southern coast of China. And it's the only place in China where gambling is legal.
In 2007, it surpassed Las Vegas as the largest gaming market based on revenue. Today, Macau generates five times more revenue than Las Vegas.
Over the past few years, Macau's growth numbers have been staggering.
In 2010, gambling revenue jumped to $23.5 billion. That was 70% higher than the previous year. In 2011, Macau's revenue surged again – to $34 billion. That's more than 40% higher than in 2010. Last month, though, Macau said gaming revenue only grew by 7.3%. (more)
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