Macrovue's Global Gaming Portfolio

The Gaming Vue invests in gaming companies that will benefit from a rise in demand for casino and online gaming entertainment. The Vue consists of 10 stocks poised to benefit from the growth in casino and online gambling like MGM, Las Vegas Sands, and Playtech.

Macrovue’s Global Gaming Portfolio’s Performance.*

* Returns as of 31 August 2018. Past performance is not a reliable indicator of future performance. For full performance numbers and methodology, please click here.

Why invest in Global Gaming Stocks Portfolio?

The casino gaming capital of the world

Guess the casino gaming capital of the world. Did we hear you say Las Vegas? Think again – the answer is Macau. In fact, the Macau gaming market surpassed that of Las Vegas in size in 2006 for the first time. In 2015, Macau earned US$29 billion in revenue, significantly more than the US$6.3 billion earned by Las Vegas.

The global gaming industry fared fairly well in the post-GFC years. Opportunities for growth have moved more toward the emerging economies globally – primarily in Asia and Latin America. Macau has been an absolute powerhouse, growing revenue, on an average, at +30% every year from 2003-13.

An untapped market

Legislation is a big hurdle for further development in other countries in Asia. Japan is one of the largest untapped markets in the region. More than ¥20 trillion is spent each year at Japanese pachinko parlours, so the potential for casinos is massive.

With an eye on the 2020 Olympics, Japan’s parliament has recently passed a law to legalise casinos. As few as three casinos could generate nearly $10 billion in net profit annually, Daiwa Research Institute estimated, equivalent to 0.2% of Japan’s gross domestic product.

International gaming companies including Wynn ResortsMGM Resorts International and Caesars Entertainment have been considering investing in Japan.

Other emerging players

Apart from Japan, other countries which are looking at liberalising gaming laws or adding new developments are Philippines, Taiwan and South Korea among others.

Online gambling

Similar to the retail industry, there has been a boom in online gambling. According to estimates by H2 Gambling Capital, the global online gambling market grew from €20.1 billion in 2009 to €30.4 billion in 2014.

Betsson AB (BETS.B-SE), Unibet Group Plc (UNIB-SE) and Net Entertainment are some of the major players in the online gambling market. While some of the established traditional casino gaming companies have been struggling, there has been strong momentum in the online gambling market.

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Meet Macrovue's Investment Team

Clay Carter | Head of Investment Committee

Clay has 25+ years experience managing global equity portfolios. Most recently, he was Head of International Investments at Perennial Investment Partners. Previously, Clay managed investment portfolios at QBE, PM Capital, Legal and General Life of Australia, and AMP. He has developed alternative methods to traditional market analysis and portfolio management and regularly appears on CNBC Asia and Bloomberg TV.

Dev Sinha | Chief Investment Officer

Dev is the co-founder of Macrovue and leads the Equity Research and Product Development teams. He started his career as a quantitative analyst at Putnam Investments in Boston before moving to Singapore to join Bank of America Merrill Lynch. Dev has an MBA from The Fuqua School of Business, Duke University and an MS in Financial Engineering from Columbia University.

Dr. Sid Sahgal | CEO

Sid brings almost 20 years of experience in finance and technology. He started his career at Honeywell Aerospace as a software engineer before moving to Bank of America Merrill Lynch in New York as a quantitative analyst. Before starting Macrovue, Sid was a lecturer at UNSW while completing his PhD in Finance. He also holds a Masters in Computational Finance from Carnegie Mellon University.