Money quote

“Even so, some experts say that it might be a blessing in disguise that Macau wasn’t overly reliant on entertainment-related revenue during the downturn. Analysts point out that one reason Las Vegas casinos have yet to recover is that U.S. consumers, with less disposable income, are cutting back on discretionary spending, including dining, shopping and entertainment.” — from a USA Today report on the ascendancy of Macao to first place in the Wynn Resorts and Las Vegas Sands portfolios.