Macau has stopped sprouting new casinos. And rather than being a cause for concern, this could be a major boon to the profitability of existing players.
"There aren't going to be any new casinos coming online until 2015 at the soonest, so basically what we have is a supply constrained market over there," said Michael Khouw, managing director and primary strategist at Dash Financial. "This is kind of the ideal situation for the casinos."
Khouw points out that after rapid growth, the number of casinos in China's gambling mecca has topped out at 35.