It's about that time of the month again where we talk about China...

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How to Play the Tidal Wave of Selling After China’s Casino Crackdown It’s about that time of the month again where we talk about China. More specifically, Joy of the Trade Head Trader Jeff Zananiri and I want to discuss everything wrong with China’s new casino crackdowns. One of the biggest profit centers for China’s domestic economy is gambling. Macau is the only city there where China’s high-rollers can legally gamble — making it the only accessible gambling hot spot in the country.   This has led to Macau being six-times more profitable than all of the casinos in Las Vegas combined, dwarfing them in terms of revenue.    Macau’s casino operations also allocate nearly 80% of the local government's tax revenue.  And this past week, the Chinese government announced that it’s revising gambling laws to gain more control and local ownership in casinos… Causing names like this to crash immediately... It’s a good thing we saw this move coming from a mile away and already have two perfect swing trades to counteract it… Click Here to Watch the Video P.S. We want to hear from you! What do you make of the tidal wave of selling following China’s crackdown on casinos? After hearing everything Jeff and I had to say in the video, what do you think about some of the gambling names we’ve been targeting — like MGM and DraftKings? All you have to do is reply directly to this email with your answers.  A WealthPress Publication   Disclaimer & Disclosures The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed.  Please see our  Terms and Conditions for more information. Manage Your Email Preferences Unsubscribe This email was sent by: WealthPress 7751 Belfort Parkway #120 Jacksonville, FL, 32556, US Roger Scott Update Profile

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