'Fast Money' Recap: Off to China

Stock quotes in this article: MGM , LVS , NKE , BIDU , HMIN , CHL , IGT  

Macke likes Electronic Arts. Bolling says China invested $3 billion into the Blackstone(BLV Quote) IPO, which is great because the money will get invested back into the U.S.

Gaming the Beijing Olympics

The 2008 Olympic games will be held in Beijing. China has invested over $40 billion into making the city of Beijing a place to remember. Bolling says the hotel sector will be hot after the Olympics because if things look good on TV, people will want to go visit.

He likes Wynn Resorts(WYNN Quote), which is opening 84 hotels in China. Macke would get long Nike(NKE Quote).

Adami likes stocks such as United Technologies (UTX Quote) because infrastructure will be a growth story through the Olympics.

Macau Trade

Macau, which is located about 40 miles southwest of Hong Kong, is quickly becoming the gambling powerhouse of the world. Recently Las Vegas Sands (LVS Quote) opened up the Sands Macau the largest Casino in the world.

Gaming revenue for the region is at a remarkable $7 billion, which is higher then anywhere else in the world, including Las Vegas. Bolling says the way to play this gambling boom in Macau is to play slot machines.

He picked International Game Technology(IGT Quote), WMS Industries (WMS Quote) and Bally Technologies(BYI Quote). Adami recommends buying Starwood Hotels (HOT Quote), which is putting up properties in Macau and Vietnam.

Viewer Questions

Ben an American student in Beijing asked about what standards and practices U.S. investors assume Chinese companies will hold. Also he wondered about specific companies that stand out as leaders in this field. Adami says that U.S. companies are better run now that we have Sarbanes-Oxley.

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