CG: Macau Recovery Shows Legs With 8th Straight Month of Growth
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 18 April 2017
⏱️ 19 minutes
🧾️ Download transcript
Summary
After seeing gambling revenue tumble 40% over two harrowing years, casino operators in Macau are breathing a sigh of relief as new, integrated resorts restore some growth to the region. With a massive new market also on the horizon, this will be an important industry to watch over the next several years.
Transcript
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| 0:00.0 | Welcome to Industry Focus. The podcast it dives into a different sector of the stock market every day. |
| 0:07.0 | I'm your host Vincent Chen and it is Thursday April 13th and we are pre-recording for next Tuesday. Helping me with that is Fool.com contributor |
| 0:14.0 | Seth McNue who is calling in via Skype from San Francisco. Hey Seth welcome |
| 0:18.2 | back. Hey thanks a lot, Vince. It's great to be back. So last time you were in the |
| 0:22.4 | show we looked at developments in the video game industry, and in just |
| 0:27.9 | the two weeks or so since we talked, there have been some updates that I actually wanted to discuss before we dive into the main part of this episode. |
| 0:37.0 | So first there's the switch. |
| 0:39.0 | So this is the newest video game console from Nintendo that was originally unveiled last October and |
| 0:44.8 | made its official debut on March 3rd. In those six weeks on the market the |
| 0:49.6 | switch continues to fly off store shelves and if you go to the official Nintendo Switch product |
| 0:54.6 | page online, they have links to their retail partners where you should technically be able to |
| 0:59.2 | buy one of these consoles. I actually checked all six of them best buy game stop target |
| 1:05.1 | Walmart and Toys R Us and can you guess Seth whether or not I was able to find a |
| 1:09.4 | switch available at those retail I would say I'd say probably not. |
| 1:14.0 | But if you're looking on places like eBay, you can definitely get one if you're willing to play a little bit of a premium. |
| 1:18.0 | Yes, exactly. |
| 1:19.0 | So Amazon was also one of the partners, and it is available only from third-party sellers not from Amazon |
| 1:25.6 | itself and they're charging a premium like you said in the face of such high demand so |
| 1:30.3 | buyers can expect to pay at least $360 or so when you have to keep in mind the |
| 1:36.1 | Switch's official MSRP is just $299. |
| 1:39.3 | And I got curious, I did go to eBay actually to see what people have been willing to pony up to get their hands |
| 1:44.6 | on one of these consoles and more recent listings are similarly going for around 400 bucks and I actually |
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