Concerns for those names.
1/ what’s the long-run prospect for gambling?
seems that the rich shall just go to Singapore etc.; too risky in Macau
mass market? why would the PRC gov wants gambling to grow?
for certain people (mainland gov officials etc.), it’s hard to go to Macau.
there is the licensing renewal issue every 10 years
2/ luxury shopping?
near-term most Chinese middle class families are still not in the mode of spending on luxury stuff.
shopping in tier-one cities like Shanghai, Beijing etc. is very convenient, although a bit pricer; if it’s in the $3k range, there’s not much difference (say 10% cheaper so saving $300 in shopping, but need to spend on flights & hotel)
the rich can go to Japan for shopping for weak Yen.
3/ food?
Portuguese egg tart? it’s very good indeed!
but you can try the KFC version of Portuguese egg tart in China; it’s about the same.