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viejas casino water show(Image: Lumiere Place Casino)The 1.2 percent market gain was primarily fueled by Lummgm casino showsiere Place. In May last year, analysts at Bloomberg declared Melco Crown Philippines to be “the hottest stock in the world.”And Solaire parent Bloomberry is not far behind. The company also plans to begin construction this year of a second integrated casino resort, in Quezon City, north of Metro Manilla, which is likely to add extra long-term value to its stock.Chinese Tourism BoomThe market is benefiting from a new influx of Chinese tourism. The Solaire Resort and Casino in Manilla, Philippines, has a novel addition to its loyalty program. In 2017, the company made 6.3 million in profit over the first three quarters, almost four times higher than its earnings for the same period a year earlier. “The consolidation amongst the junkets here has already largely stabilised.”No Room for Start-UpsThe junket industry has been undergoing a period of consolidation, particularly in the face of tightened regulations, which means existing operators have now achieved the kind of scale that makes it nearly impossible for new companies to enter the market.Speaking at an event organized by the British Business Association of Macao earlier this month, former Hong Kong police chief Steve Vickers said that the crackdown on junkets had ultimately been a good thing for the gambling hub because “it has helped cull a large number of unhelpful… junket operators with strong triad connections and this squeezed them out of the market.”hard rock casino rockford

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