The stats show that Macau is less bad and still been to figure out the big pop of late. The following mixed with the the upgraded Ferry coming explains a lot. Now gaming led by MPEL and then WYNN which will have neiboring casino's on August 22nd Mainland Chinese tourist arrivals grow for first time in 13 months, Hong Kong Tourism Board says Mainland tourists are returning to Hong Kong, with arrivals showing an uptick last month for the first time in 13 months and officials upbeat that the turnaround will continue for the rest of the year. The number of such visitors, who make up three-quarters of total visitor numbers, grew 2.2 per cent in July from a year earlier, and helped push the overall arrival figure back into positive territory for the first time since June last year, growing by 2.6 per cent, according to preliminary statistics. http://www.scmp.com/news/hong-kong/...se-tourist-arrivals-grow-first-time-13-months
The last tower of the Riviera Hotel and Casino came tumbling down along on the Las Vegas Strip early Tuesday to make way for a convention center expansion. It had a lot of history going back to the Teamsters Jimmy Hoffa. I had been there a few times but never one of my favorite casinos Riviera Hotel Imploded in Las Vegas
The Big 4 holding up better than expected during market meltdown, maybe because of signs of stabilization Mass Market Paying Off Galaxy Entertainment Group reported Q2 adjusted EBITDA up 22 pct y-o-y to HK$2.3 bln. “The Macau market continues to show gradual signs of stabilisation,” said company chairman Lui Che Woo. Citing GEG’s strong focus on “operational efficiency and prudent cost control” - with more of the same in store. http://macaubusinessdaily.com/Gaming/Mass-Market-Paying
Adelson commits personal wealth to back stadium plan The Las Vegas Sands Corp. chairman and CEO said his company’s board rejected the funding of a 65,000-seat dome in Southern Nevada, so his family will contribute at least $650 million to the $1.9 billion project themselves. The gaming executive says the stadium project is critical to the city’s tourism economy and that a Las Vegas Convention Center expansion isn’t. The board turned him down. So he’s willing to spend his own money to get the dome built — at least $650 million. And because the stadium’s $1.9-billion financing plan calls for the use of $750 million in hotel room tax money, Adelson said he won’t receive any return on his personal http://www.reviewjournal.com/business/stadium/adelson-commits-personal-wealth-back-stadium-plan
Las Vegas Strip Revenue Up 16.7% In July With revenue in the world's largest gaming destination — Macau, China — still depressed, casino investors are looking to the state of Nevada for some much-needed revenue growth this year. The state's gaming control board has released its report on gaming revenue for the month of July. Here's a brief overview. The Numbers Nevada's non-restricted gaming licensees reported a total "gaming win" of $1.015 billion in July, a 9.9 percent year-over-year increase. July marked a strong start to the fiscal year for Nevada after last year’s total gaming win came in 1.1 percent higher than the previous fiscal year’s total. Related Link: Macau Beats Expectations In July, But Still Logs 26th Consecutive Revenue Decline Las Vegas Strip More than $613 million (about 60 percent) of Nevada's total gaming win in July came from the Las Vegas Strip. Shareholders of strip mega-resort operators Wynn Resorts, Limited (NASDAQ: WYNN), Las Vegas Sands Corp. (NYSE: LVS), MGM Resorts International (NYSE: MGM) and Caesars Entertainment Corp (NASDAQ: CZR) are watching Strip numbers closely. Win numbers for the Vegas Strip were up 16.7 percent year-over-year in July following June’s 9.7 percent gain. The Strip finished last fiscal year about 0.6 percent below the previous year’s revenue total. Downtown Vegas Historic Downtown Las Vegas, which has performed extremely well in recent months, followed a solid June with a 2.5 percent year-over-year revenue gain in July. Downtown Vegas finished last fiscal year up 6.6 percent, the best growth of any region in the state. Shares of Boyd Gaming Corporation (NYSE: BYD), which operates three downtown casinos, are up 17.4 percent in the past year. http://finance.yahoo.com/news/las-vegas-strip-revenue-16-143151129.html
Gambling revenue grew 1.1% to $2.4 billion in China's only legal gambling district in August, the first increase since May 2014, when revenues fell on slowing economic growth in China. Analysts were expecting anything from a drop of 3% to an increase of 1%.
Macau's Gaming Revenues Rise -- Finally! The two-year-long Chinese gambling drought is finally over: After a downturn brought on by the Chinese government's nationwide crackdown on corruption and extravagance, Macau's gaming revenues posted their first increase in 27 months. Gaming mixed and weak during market rally today with some profit taking
Macau GGR could rise 6 pct sequentially in 3Q: MS Macau’s casino gross gaming revenue (GGR) could register third-quarter growth of 6 percent judged sequentially, says a note from Morgan Stanley Asia Ltd. In the second quarter, Macau casino GGR was MOP51.61 billion (US$6.46 billion) according to the local regulator, the Gaming Inspection and Coordination Bureau, also known as DICJ. If we assume September GGR to be an average of July and August, we could see GGR growth of 6 percent quarter-on-quarter in third quarter 2016,” stated analysts Praveen Choudhary and Alex Poon in a recent note. A 6 percent rise quarter-on-quarter would amount to approximately an extra MOP3.10 billion in the third quarter compared to the second, creating a third-quarter tally of MOP54.71 billion, or a monthly average of MOP18.23 billion. In July, Macau casino GGR fell by 4.5 percent judged year-on-year. It was part of a trend of a sequential monthly narrowing in contraction that began in the second quarter of 2016. In August, the monthly tally rose 1.1 percent year-on-year, marking the first time in 27 months that such revenue had not contracted, judged year-on-year. A number of investment analysts had predicted earlier this year a return to Macau GGR growth in the second half of the year. Nonetheless, Macau’s Secretary for Economy and Finance, Lionel Leong Vai Tac, issued on Saturday words of caution on the outlook for Macau GGR in September. Macau’s September GGR was often seasonally weaker than that of August, he observed. The bulk of September typically marks a hiatus between the high demand of the summer months, and the pickup in demand for the so-called “Golden Week” holiday surrounding China’s national day on October 1. Mr Leong had said on June 8 that the government was maintaining its 2016 forecast for the city’s casino GGR at MOP200 billion. Brokerage Daiwa Securities Group Inc said in a note in late August that if Macau’s 2016 GGR did come in at that level, it would amount to “effectively a 13-percent year-on-year contraction, well below the Street’s forecast of a 5-percent decline”. http://www.ggrasia.com/macau-ggr-could-rise-6-pct-sequentially-in-3q-ms/
