This looks promising Macau Casinos May Return To Growth As Early As This Month http://www.investors.com/news/macau...next-month/?ven=YahooCP&src=AURLLED&ven=yahoo
Macau Gaming Stocks dropping on downgrade. MGM with only 10% exposure dropping the least Daiwa negative on Macau casino stocks, trims estimates http://www.ggrasia.com/daiwa-negative-on-macau-casino-stocks-trims-estimates/
June is the month that may determine the effect on the Macau stocks (WYNN LVS MGM MPEL) and as the regulations on the junkets have hurt the high end gaming most of these companies have changed their direction to the mass market. Public policy to help Macau mass market: Bernstein http://www.ggrasia.com/public-policy-to-help-macau-mass-market-bernstein/
If I could move to Vegas I would....I always make money when we go. Last time we went, we came back with the same amount we left with, so basically, we spent money we won on food, drinks, etc. I Love Vegas!
June starts strong in Macau, analysts still expect decline Macau’s gaming industry posted a positive year-on-year performance in the first 12 days of June, say several brokerages quoting unofficial industry returns. But the majority of investment analysts covering the city’s gaming sector still expect June’s full-month gross gaming revenue (GGR) growth to finish in negative territory in year-on-year terms. “According to our industry sources, based on gaming play for the first 12 days of June, GGR in Macau for the month is estimated to be tracking up approximately 5 percent year-on-year,” Telsey Advisory Group LLC wrote in a Monday note. Analysts David Katz and Brian Davis added: “June trends appear to be improved versus May, although it is not clear from our checks whether it is the result of trends in hold percentage or true fundamental change.” In a note also from Monday, brokerage Sterne Agee CRT stated: “While a solid start to the month… we note that month-to-date checked results include the Dragon Boat Festival holiday (June 9 this year versus June 20 last year).” Official data from Macau’s police shows the city welcomed approximately 627,000 visitors between June 9 and June 12, an increase of 10.4 percent compared to the same period last year. Further, we believe UEFA Euro 2016 (June 10 – July 10) may take from forward GGR results as it progresses to latter tournament rounds,” stated Sterne Agee CRT analyst David Bain. He added: “The [soccer] tournament is held every four years and is one of the world’s most watched sporting events. Similar to years when the World Cup is played, underground and other bets on the event siphon from Macau results.” Sterne Agee CRT said in its latest note it expected Macau’s casino industry to post a 5 percent year-on-year GGR decline for the full-month of June. Channel checks by Sanford C. Bernstein Ltd “indicate that Macau’s GGR… month-to-date is around MOP6.8 billion [US$850 million], implying an ADR (average daily rate) of around MOP607 million over the last week (versus around MOP510 million in the previous week and around MOP593 million in May),” the brokerage said in a Monday note. Analysts Vitaly Umansky, Simon Zhang and Clifford Kurz added: “Assuming an ADR of MOP530 million to MOP570 million for the remainder of this month, June GGR would be MOP16.3 million to MOP17.1 billion, representing a year-on-year decline of 2 percent to 6 percent versus a 10 percent year-on-year decline in May.” Wells Fargo Securities LLC analyst Cameron McKnight also stated in a Monday note that the week ending June 12 had been “much stronger” than the previous week. He said the Dragon Boat festival helped the improved performance. The brokerage’s estimate for Macau’s GGR in the full-month of June is for a year-on-year decline of between 4 percent and 7 percent. http://www.ggrasia.com/june-starts-strong-in-macau-analysts-still-expect-decline/
I am quite sure this is what the Big 4 are down on. My focus is on June that started off strong and if it can finish less bad YOY,. If so Macau gaming could move up from there Macau casino slump further presses city’s tax revenue The Macau government collected a total of MOP33.03 billion (US$4.13 billion) in direct taxes from gaming in the first five months of 2016, down by 14.1 percent year-on-year, according to data disclosed on Wednesday by the city’s Financial Services Bureau. http://www.ggrasia.com/macau-casino-slump-further-presses-citys-tax-revenue/
With a strong possibility that Raiders are coming to Vegas now the NHL is pretty much a done deal. It's time to put your chips on Vegas if you haven't done so already. This is a Win Win for LVS, BYD, WYNN, and especially MGM as the games will be at the T-Mobile arena piratically in their backyard so to speak. NHL expected to approve Las Vegas for expansion team The NHL will be expanding and it appears that Las Vegas will be the only new market getting a team, according to the Associated Press. Per an AP source, Las Vegas expansion is a "done deal" following the recommendation of the NHL's executive committee which met last week in New York to discuss the prospects of expansion. http://www.cbssports.com/nhl/news/report-nhl-expected-to-approve-las-vegas-for-expansion-team/
This what I think is sinking the Big 4 after a big jump this morning. The non Macau related stocks are all up Sands China EBITDA to decline 10 pct in 2016: Fitch http://www.ggrasia.com/sands-china-ebitda-to-decline-10-pct-in-2016-fitch/
It's official Pro Hockey in Vegas. With a fair chance the Raiders will also make the move, this will put big bucks in the Vegas economy.with the casino's reaping the biggest rewards. As these games will take place at the T Mobile arena merged between MGM property's you can expect MGM to be the biggest benefactor. With N.H.L. Expansion, Las Vegas Hits the Jackpot: A Pro Team http://www.nytimes.com/2016/06/23/s...s-nhl-expansion-team-nfl-oakland-raiders.html
