The iBET (IBET) Sports Betting and Gaming ETF was up 4.10% on Wednesday. The fund has continued to add more exposure to China, adding to positions in Las Vegas Sands (LVS), Melco (MLCO) and Wynn in recent weeks and taking on new positions in SJM Holdings, MGM China, Wynn Macau and Sands China. Macau gaming scholar Zeng Zhonglu has released a report showing estimates that Macau’s gross gaming revenue could jump up to 70% from pre-pandemic levels in 2023.