Investors interested in gaming shouldn't lose sight of the big bet being placed on further relaxation in U.S. laws surrounding gaming, especially after the blockbuster deal between Caesars Entertainment (CZR) and Eldorado (ERI) and who are certainly betting its chips on that trend.
After all, Macau can't carry the whole market forward by itself.
For some context, I spent Monday evening accumulating some data for some charts that investors can be cognizant of as they begin to place bets in the sector.
What I find interesting about the status of gaming opening up is that the number of casinos in America has steadily shrunk in recent years. What that suggests is that online gambling is where the money is right now, and the companies aggressively targeting that may have an ace in the hole in years to come.
The flexibility of online gaming may also help commercial enterprises avoid the dominance of tribal casinos, which are often much more leniently treated than large publicly traded companies.