Goldman sachs backs macau casino bets

In a powerful sign of tough times for the casino business, Wall Street powerhouse Goldman Sachs is actually going to use their bank charter to do what banks do – expand loans. According to the Wall Street Journal Goldman is planning to substantially increase their lending arm: “Goldman Sachs Group Inc. is building an in-house bank to lend money to wealthy people and companies, in a ...

3 Casino Stocks to Bet On | InvestorPlace Mar 27, 2019 ... Spreading your bets on red and green in casino stocks looks like a winning ... Back in late January investors placed bets on green in WYNN stock ... sales punctuated by weaker-than-expected sales from its Macau operation. ... 5 Service Stocks That Can Win the Trade War — According to Goldman Sachs ... Gambling Stocks Aren't So Lucky, According to Goldman Sachs ... Oct 19, 2018 ... Goldman Sachs thinks Las Vegas Sands is the best bet among casino ... on casinos to reflect softer gross gambling revenue in Macau, as well ... Wynn And Las Vegas Sands: Goldman's Gaming Stock Warning ... Aug 15, 2018 ... Goldman Sachs report warning that inside its basket of emerging ... In the case of these two gaming giants, Macau and for LVS, add Singapore.

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Goldman Sachs executives can dodge and weave all they want. Casino capitalism, the institution that made Wall Street rich at the expense of everyone else, is finally getting the grilling it deserves.

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From Greg Gordon at McClatchy : In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but never told the buyers it was secretly betting that a sharp drop in U.S. housing prices would send the value of those securities plummeting. Goldman's sales and its clandestine wagers, completed at the brink of the housing market ... Gambling Stocks Aren’t So Lucky, According to Goldman Sachs