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https://www.abouttanzanitejewelry.com/news/macau-typhoons-and-trump-tariffs-hit-chinese-gaming-enclave/
Latest Casino and Gaming NewsMon, 24 Sep 2018 10:37:51 +0000
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By: Ralph Petrillo
https://www.abouttanzanitejewelry.com/news/macau-typhoons-and-trump-tariffs-hit-chinese-gaming-enclave/#comment-9442
Mon, 24 Sep 2018 10:37:51 +0000https://www.abouttanzanitejewelry.com/news/?p=88432#comment-9442The market has already factored in negative news. On the positive side a deal maybe reached with both sides avoiding conflict with both making last minute concessions with respect o Trump. While the typhoon was a shock, overall little real damage occurred . So the minor slowdown of a 33 hour shutdown occurred, the losses were reduced with an organized strategy. Many casinos were at full occupancy even though the gambling was shut down. No comment from any insurance company of major damage to casino architecture and construction. A 33 hour shutdown is a minor hiccup. Casino stocks fell and are a buying opportunity. If you can hold for 6 to 12 months.
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