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hard rock casino gamblingWynn Resort’s newest major shareholder, Hong Kong-based Galaxy Entertainment, has been riding the wave of Macau’s revival. Las Vegas’ Economic and Urban Development Director Bill Arent acknowledged it was a big investment but one he believed will be a “catalyst and generate private investment downtown.”“We think this will help to generate new hotel development annew cashman slotsd help our existing hotels,” he said. “The company came out of the downturn with a much better mass-market program that has enabled them to become a much better all-around operator with a much more imprnew cashman slotsessive future growth potential.”“Barring something catastrophic happening to China’s economy, it is unlikely that Galaxy’s earnings power faces much risk other than the occasional downturn in gaming revenue,” he added.Last week, Galaxy bought 4.9 percent of Wynn Resorts for a consideration for almost billion from the sale of Steve Wynn’s shares. turtle lake casino food menuThe high-rollers who once accounted for 60 percent of the Macau gaming market were warned off.But in the summer of 2016, they slowly began to return, and meanwhile, Macau had pivoted towards the mass market, reinventing itself as a family destination for the Chinese middle classes.Galaxy is well on the way to recovering the billion of its market value lost during the market slump, and its winning streak shows no sign of letting up.Analysts are confident Galaxy stock will surge beyond its January 2014 all-time high. “The company came out of the downturn with a much better mass-market program that has enabled them to become a much better all-around operator with a much more imprnew cashman slotsessive future growth potential.”“Barring something catastrophic happening to China’s economy, it is unlikely that Galaxy’s earnings power faces much risk other than the occasional downturn in gaming revenue,” he added.Last week, Galaxy bought 4.9 percent of Wynn Resorts for a consideration for almost billion from the sale of Steve Wynn’s shares. Macau’s rebound and the unprecedented upward trajectory of Galaxy Entertainment’s stock has made the company’s founder Lui Che-Woo a very rich man indeed. drake casino welcome bonus

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