Caution on Macau Casino Stocks, GDP's Yap Says

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May 9 (Bloomberg) -- Gabriel Yap, executive chairman of GCP Global Pte, an investment management firm, talks about Macau's gaming industry and his investment strategy. Wynn Macau Ltd., the Hong Kong-listed unit of billionaire Steve Wynn’s Las Vegas company, reported a 10 percent increase in first-quarter profit as Chinese tourists drove up revenue in the world’s largest gambling hub. SJM Holdings Ltd., the Macau casino operator founded by billionaire Stanley Ho, reported a 22 percent increase in first-quarter profit. Yap speaks from Singapore with John Dawson on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)


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