reported earlier this year<\/a>, the net worth of the gaming industry’s global billionaires decreased by $9.3 billion last year. There are 26 billionaires predominantly invested in casinos and gaming. Hong Kong\u2019s Lui Che Woo, the 90-year-old owner of Galaxy Entertainment \u2013 one of the six Macau licensees \u2013 lost the most at an estimated $5.5 billion.<\/p>\nStock Falls<\/b><\/h2>\n
The second half of 2018 was a difficult period for US markets, which were flooded with extreme volatility. When all was said and done, the Dow Jones Industrial Average lost 5.6 percent, S&P 500 6.2 percent, and Nasdaq four percent.<\/p>\n
The gaming industry was hurt even worse. The Vectors Gaming ETF (exchange-traded fund) was down nearly 30 percent last year. The fund consists of 43 stocks invested in the gaming industry.<\/strong><\/p>\nThe composite has rebounded slightly this year, as the fund is up around nine percent since January.<\/p>\n","protected":false},"excerpt":{"rendered":"
The CEOs of the gaming industry’s largest players in the US saw their salaries decrease last year, as their stocks took a hit in the latter half of 2018. The Las Vegas Review-Journal reports that five of the six examined companies paid their chief executives fewer dollars last year. But, of course, no one should […]<\/p>\n","protected":false},"author":25,"featured_media":104994,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\n
Gaming Industry CEOs Receive Reduced Pay in 2018, as Stocks Tumbled<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n