TAIPEI ( TheStreet) -- A voter referendum approved this month legalizes casinos for the first time on islets in the ocean strait separating Taiwan from China. And China lives to gamble -- beats the corrupt local bank or the cold returns of today's stock markets -- yet the Communist government doesn't allow casinos.For that reason, casino operators from Las Vegas, Macau and even London had been working behind the scenes for more than a decade to open gambling on the islets controlled by Taiwan, an easy mark for Chinese tourists. On July 7, they won their first hand, as the economically depressed 10,000-population islets of Matsu (This link will take you to an outside source.) voted to let officials issue casino permits.
Build Casinos and China Will Come
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.