<p>Long-term investors in the casino sector are all too aware that Macau – not Las Vegas – is the global market with the most chips on the table.</p>
<p>American player Wynn Resorts, Limited <a data-ticker="WYNN" href="http://benzinga.com/stock/wynn#NASDAQ" id="bztwgreenarrow" title="WYNN">WYNN 1.31%</a>, for example, generates 70% of its revenue from the Chinese island – and the fact that Wynn’s stock has plunged by nearly two-thirds in the last 12 months has a lot to do with how poorly casinos have performed in Macau for nearly two years.</p>
<p>The island’s casino-dependent economy has been suffering from an economic slowdown in China and a campaign against corruption, with gambling revenue in the betting enclave dropping for 16 straight months.</p>