Las Vegas Sands Corp

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  • Must-know: A breakdown of Las Vegas Sands’ revenue
    Consumer

    Must-know: A breakdown of Las Vegas Sands’ revenue

    Las Vegas Sands (LVS) earns revenue through casinos, hotels, food and beverages, and convention or retail operations. The company’s main revenue driver is casino revenue. It’s generated from slot machines and table games. Casino revenue represents ~79% of the total revenues.

    By Shawn Bolton
  • Must-know: Important performance metrics for casino resorts
    Consumer

    Must-know: Important performance metrics for casino resorts

    The occupancy rate is very important for casino resorts. The occupancy rate shows the relationship between the number of occupied rooms and the total number of rooms.

    By Shawn Bolton
  • Must-know: The most popular casino games
    Consumer

    Must-know: The most popular casino games

    Casinos’ popularity is growing. This suggests that people like to gamble occasionally. Unfortunately, they don’t always win. For most of the people, the real fun is playing the game—not necessarily winning.

    By Shawn Bolton
  • uploads///new resorts
    Consumer

    Can New Resorts Lead the Way in Macao Casinos’ Recovery?

    Wynn Resorts opened its $4.1 billion Wynn Palace on August 22, 2016, and this may have directly contributed to Macao’s casino industry recovery in August.

    By Ally Schmidt
  • uploads///LBO
    Consumer

    Why Caesars Entertainment has a massive $24 billion debt

    Texas Pacific Group and Apollo Management took Harrah’s Entertainment, now Caesars Entertainment, private in a leveraged buyout deal valued at $30.7 billion in 2008.

    By Shawn Bolton
  • uploads///unemployment
    Miscellaneous

    Why Investors Should Watch Macao’s Unemployment Rate

    Unemployment rate The unemployment rate indicates the percentage of the labor force that is currently unemployed but actively seeking employment. In 2000, the unemployment rate in Macao peaked at 7%. Since then, tremendous growth in the gaming industry has helped reduce employment in Macao. Unemployment averaged 3.8% between 1996 and May 2017. Between January and […]

    By Ally Schmidt
  • Consumer

    Must-know: MGM’s relative share price performance

    Share prices for most of the gambling stocks declined significantly over the last three months. MGM Resorts (MGM) declined 14.9%.

    By Shawn Bolton
  • uploads///macao Visitor
    Macroeconomic Analysis

    Is Macao’s Visitor Arrival Trend Improving?

    For November 2016, visitor arrivals remained unchanged as compared to November 2015 and fell 3.4% month-over-month to 2.6 million visitors.

    By Ally Schmidt
  • uploads///Revenues
    Miscellaneous

    Macao Revenue Beats Expectations by a Wide Margin

    May revenue marks a high point According to the Gaming Inspection and Coordination Bureau, Macao’s gross gaming revenue has risen 23.7% YoY (year-over-year) to 22.7 billion Macao patacas, or $2.8 billion. The revenue growth beat analysts’ estimate by a wide margin. Analysts had forecast Macao’s May revenue to grow 16.5% YoY. May marks the tenth consecutive […]

    By Ally Schmidt
  • Consumer

    Must-know: Money laundering and terrorist financing in casinos

    The money laundering process takes place in three phases—Placement, Layering, and Integration. Casino regulators make sure that gaming is conducted honestly. They approve the game rules.

    By Shawn Bolton
  • corruption indexjpgautocompresscformatandixlibphp
    Consumer

    Why China’s anti-corruption campaign hurts Macau

    Xi Jinping—the Chinese President and General Secretary of the Communist Party—recently launched an unprecedented anti-corruption campaign. This campaign investigated and prosecuted hundreds of officials across the nation.

    By Shawn Bolton
  • Consumer

    Why the US online gambling industry could be $5.2 billion by 2020

    Morgan Stanley expects that exponential growth in the U.S. online gaming market could happen through interstate online poker and wide-area progressive slots.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Key Indicators And Recent Trends In The Casino Industry

    Casino gambling is spread across major destinations around the world. Casinos, at major destinations, are being influenced by certain factors. This is hampering industry growth.

    By Shawn Bolton
  • Consumer

    Must-know: Key performance metric tracked by Las Vegas Sands

    Adjusted property EBITDA shouldn’t be regarded as an alternative to looking at income from operations, which indicates operating performance. Nor is it an alternative to looking at cash flow from operations, which measures liquidity.

    By Shawn Bolton
  • Consumer

    Why investors should watch casino industry indicators and trends

    Casino gaming is a business that’s spread across the world. Major casino destinations include Las Vegas, Macau, and Singapore. There are regional venues across all the continents.

    By Shawn Bolton
  • Consumer

    Must-know Wall Street ratings on Las Vegas Sands

    Two analysts rated the stock as neutral or hold, and six assigned a buy or overweight rating to the stock. The company’s consensus rating is buy. And its consensus mean price target is ~$71.

    By Shawn Bolton
  • uploads///Owners
    Consumer

    Why investors should learn about MGM’s top shareholders

    As an investor, you should know whether or not MGM’s (MGM) management is committed to its future. Management shows its commitment by owning shares.

    By Shawn Bolton
  • uploads///stock
    Consumer

    Casino Stocks Lose Recovering Streak in August

    Stocks of major Macao casinos have been on the rise since September 2016 when casino revenues started rebounding.

    By Ally Schmidt
  • Consumer

    Why MGM’s liquidity could be a concern for investors

    Liquidity ratios determine a company’s ability to meet its short-term obligations. A company’s liquidity position can be measured by using the current ratio or the quick ratio.

    By Shawn Bolton
  • uploads///Baccarat
    Consumer

    Why Baccarat gambling provides revenue for the Las Vegas Strip

    The casinos in the Las Vegas Strip clearly benefit from high-end Baccarat play. Over the last four years, Baccarat revenue ranged from 43.5% of table games revenue in 2011 to 48.2% in 2013.

    By Shawn Bolton
  • Consumer

    Why MGM’s share price isn’t as volatile as its peers

    MGM derives 34% of its revenues, respectively, from Macau. Since MGM has comparatively less exposure to Macau, its share price hasn’t been volatile.

    By Shawn Bolton
  • Consumer

    Why Las Vegas Sands is committed to creating shareholder value

    Las Vegas Sands paid a recurring quarterly dividend of $401.2 million, or $0.50 per common share during Q3 2014, up 42.9% year-over-year.

    By Shawn Bolton
  • uploads///Visitor
    Miscellaneous

    Macao’s Visitor Arrivals Improve in May 2017

    Visitor arrivals increase In May 2017, visitor arrivals rose 3.7% YoY (year-over-year) to 2.6 million visitors. However, month-over-month, visitor arrivals fell 6.3%. Visitor arrivals have been improving since September 2016, except in February 2017, when they fell 5.6% to 2.5 million visitors. In the first five months of the year, visitor arrivals in Macao rose 6.3% […]

    By Ally Schmidt
  • uploads///Part
    Earnings Report

    MGM’s earnings plunged, but domestic operations set a record

    MGM derives one-third of its revenue from China. It witnessed a significant decline in revenue and earnings due to a lack of VIP participation.

    By Shawn Bolton
  • Consumer

    Las Vegas Sands’ solid performance in hotel segment

    RevPAR is the most important of all the performance metrics used in the hotel industry. It captures both room rates and occupancy levels, giving information about how well a company fills its rooms, and how much it’s able to charge.

    By Shawn Bolton
  • uploads///Part
    Macroeconomic Analysis

    Macau’s inflation rate falls again

    When inflation decreases, consumers have greater purchasing power and a higher spending capacity. This is a positive sign for casino resort companies.

    By Shawn Bolton
  • Consumer

    Why investors should look at MGM’s operating segments

    Currently, MGM operates 15 wholly-owned resorts in the U.S. MGM China’s operations include MGM Macau and the development of MGM Cotai.

    By Shawn Bolton
  • Consumer

    Why MGM Resorts generates its revenues from two segments

    MGM Resorts (MGM) is a global hospitality and entertainment company. MGM develops, builds, and operates destination resorts. MGM was founded in 1986.

    By Shawn Bolton
  • uploads///inflation
    Miscellaneous

    What Macao’s Inflation Rate Indicates

    Inflation rate Inflation is an overall rise in the price of goods and services in an economy, leading to the fall in purchasing power of money. Macao’s annual inflation, as measured by the composite consumer price index, rose 0.95% YoY (year-over-year) in May 2017, higher than the 0.8% increase seen in April. Macao’s inflation has […]

    By Ally Schmidt
  • uploads///Capex
    Consumer

    Why capital expenditures are important for MGM Resorts

    Capital expenditure is obtained to buy fixed assets or add to the value of an existing fixed asset. MGM’s senior credit facility limits the its capital expenditures to $500 million per fiscal year.

    By Shawn Bolton
  • Consumer

    Why Chinese gamblers influence Macau casinos

    Growth in visitors from mainland China remained at 13% in August 2014 on a year-over-year (or YoY) basis. Macau’s monthly visitors surged over three million in August 2014.

    By Shawn Bolton
  • uploads///Macao valaution
    Macroeconomic Analysis

    The Valuation of Macao Casino Stocks

    Macao’s shift from VIP gaming to the mass gaming market and non-gaming revenue is expected to benefit Macao in the long run.

    By Ally Schmidt
  • uploads///Valuation
    Macroeconomic Analysis

    Macao Casino Industry Valuation: What’s Priced In?

    As of December 10, 2015, the Macao casino industry’s valuation stands at 12.9x. This is close to the industry average valuation of 12.5x in April 2008.

    By Ally Schmidt
  • Miscellaneous

    Macao to See High Growth In Hotel Room Supply

    New inventory The new integrated resorts opened last year by Melco Resorts & Entertainment (MLCO) and Wynn Resorts (WYNN), and those slated to open in the next two years, are set to increase Macao’s hotel inventory by more than a third. At the end of April, Macao had approximately 37,000 rooms. This figure is expected […]

    By Ally Schmidt
  • uploads///ican gaming holding
    Company & Industry Overviews

    Icahn’s Tropicana Entertainment: The Gaming Company

    Icahn Enterprises (IEP) owns 68% of the outstanding stock of Tropicana Entertainment through Icahn Enterprises Holding LP (IEH).

    By Jessica Stephans
  • uploads///new resorts
    Miscellaneous

    Are New Integrated Resorts Expanding Macao’s Market?

    Increasing market In the past four months, Macao’s gross gaming revenue has grown. Many analysts believe that the growth is not coming from cannibalization of existing casinos, but growth in the overall market size due to a shift to the mass market. Macao’s revenue grew 18% YoY (year-over-year) in February and March, followed by a […]

    By Ally Schmidt
  • Miscellaneous

    Macao’s Mass Market Growth Story Remains Promising

    VIP revenue driving short-term growth The recent growth in Macao casino revenue has been driven by the VIP segment. In the first quarter of 2017, VIP gross gaming revenue grew 16.8% YoY (year-over-year) to 35.6 billion Macao patacas. The VIP segment is also showing good signs. The repayment cycle has been maintained at a healthy 20 […]

    By Ally Schmidt
  • uploads///Analyst ratings
    Miscellaneous

    What Analysts Recommend for Major Casino Stock

    Analyst recommendations Analysts favor MGM Resorts (MGM) stock over other major casinos’. All 20 analysts tracking the stock recommend “buy.” Seven (35%) of these analysts have “strong buy” recommendations, while the remaining 75% have “buy” recommendations. For Melco Resorts & Entertainment (MLCO), 15 (68.2%) of the 22 analysts tracking the stock recommend “buy,” and 31.8% […]

    By Ally Schmidt
  • Consumer

    Must-know: Caesars Entertainment’s recent 2Q14 results outlook

    Caesars Entertainment reported a Q2 loss of $466.4 million, or $3.24 a share, as compared to last year’s Q2 loss of $212.2 million, or $1.69 a share.

    By Shawn Bolton
  • uploads///Background
    Consumer

    Must-know: An overview of MGM Resorts

    MGM Resorts (MGM) was founded in 1986. MGM is based in Nevada. It’s one of the leading global hospitality and entertainment companies.

    By Shawn Bolton
  • uploads///Timeline
    Consumer

    Overview of Caesars Entertainment and its complicated past

    Caesars Entertainment has 51 casinos in 13 U.S. states and five countries. 38 are in the U.S. and primarily consist of land-based and riverboat casinos.

    By Shawn Bolton
  • uploads///valuation
    Miscellaneous

    Analyzing Macao Casinos’ Valuation

    Current industry valuation As of June 23, 2017, the Macao casino industry’s valuation stands at 12.1x. However, the average valuation for 2017 is much lower, at 11.3x. However, this valuation is a definite improvement from the lows seen in 2015, when the industry valuation averaged at 9.6x. The industry saw its highest valuation of 16x […]

    By Ally Schmidt
  • Consumer

    Las Vegas Sands’ major sources of revenue

    Tables contribute only 6% to the total number of slot machines and tables combined in the U.S. Clearly, table games are more popular in Asia than in the U.S.

    By Shawn Bolton
  • uploads///ChinaGDP
    Miscellaneous

    China’s Economy May Spoil Macao’s Party

    China: The key market The Macao region relies heavily on the Chinese mainland, as it garners a huge majority (about 67%) of its visitors and VIP gamers, from China and its neighboring countries. The weakness in the Chinese economy will adversely affect the spending capacity of people in the country, which could lead to a […]

    By Ally Schmidt
  • uploads///Part
    Consumer

    Melco Crown is positioned to exploit mass market growth in Macau

    Melco Crown Entertainment’s mass market table games segment is still the major driver in Macau. In 2014, Macau’s visitation increased by 7.5% YoY.

    By Shawn Bolton
  • uploads///Macao Hotel Inventory
    Macroeconomic Analysis

    Macao Hotel Inventory to Double amid Falling Occupancy

    With over 9,000 hotel rooms, Sands China (LVS) has the largest share of the total hotel inventory in the Macao region, at 60%.

    By Ally Schmidt
  • Technology & Communications

    Why Bridgewater increased its position in Juniper Networks

    Bridgewater Associates increased its position in Juniper Networks from 0.07% in the 1Q portfolio to 0.21% in the fund’s 2Q portfolio.

    By Patricia Garner
  • Consumer

    Must-know: Las Vegas Sands’ future prospects

    Japan is thinking about opening its market to casinos in the near future. Legalizing casinos in Japan is a long-term catalyst for the casino industry. Las Vegas Sands (LVS) has a huge potential for growth in Japan. The growth in Japan could be as big as the growth in Macao.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Macau Casinos May Struggle In Early 2015

    Macau’s gaming slowdown may continue into 2015. It’s due to a lack of new resorts. Macau’s casino gambling revenue is expected to keep declining until mid-2015.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Casinos May Look To Expand Non-Gaming In 2015

    Casino operators may want to add more non-gaming amenities in 2015. This will strengthen customer spending after a year of slow casino revenues.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Las Vegas Sands’ adjusted property earnings double in Singapore

    Las Vegas Sands’ adjusted property EBITDA at Marina Bay Sands in Singapore doubled, reaching a property record of $518.5 million, up ~100% year-over-year.

    By Shawn Bolton
  • uploads///Part
    Consumer

    VIPs are cautious as Wynn Resorts’ table games win suffers

    WYNN’s VIP table games drop in 4Q14 was $20.7 billion, 39.9% lower than 4Q13. Drop is cash and net markers issued and deposited in a gaming table drop box.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Wynn Resorts’ EBITDA takes its biggest nosedive since 2009

    WYNN’s adjusted property EBITDA fell a whopping 29.3% year-over-year to $352 million, the biggest year-over-year fall since the second quarter of 2009.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Melco Crown Entertainment’s operations are focused on Asia

    Established in 2004, Melco Crown Entertainment (MPEL) owns, develops, and operates casino gaming and entertainment resort facilities. It’s focused on Asia.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Melco Crown Entertainment’s 4Q14 revenue decreased

    For the full year ending December 31, 2014, Melco Crown Entertainment reported net revenue of $4.8 billion—down 5.9% YoY.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Why Melco Crown’s rolling chip volume decreased in 4Q14

    Rolling chip volume refers to the amount of non-negotiable chips wagered and lost by the rolling chip market segment. It’s largely represented by VIP players.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Why The Casino Business Is Affected By Inflation

    When inflation is low, consumers have greater purchasing power. They have a higher spending capacity. Greater purchasing power is a positive sign for casino resort companies.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Recent developments for Wynn Resorts

    Wynn Resorts (WYNN) is currently constructing Wynn Palace, a fully integrated resort in the Cotai area of Macau.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Wynn Resorts’ liquidity position improves

    Wynn Resorts’ strength in meeting its short-term obligations has improved. The increase was mainly attributable to a decrease in accounts payable and gaming taxes payable and an increase in cash and cash equivalents during the nine months ended September 30, 2014.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Wynn Resorts’ management team brings a lot of experience

    Wynn Resorts’ strong management Strong management is the backbone of a successful organization. Wynn Resorts’ (WYNN) senior executive team has an average of more than 25 years of experience in the hotel and gaming industries. Wynn Resorts is  part of an exchange-traded fund (or ETF) like the Consumer Discretionary Select Sector Standard and Poors depositary […]

    By Shawn Bolton
  • Consumer

    An overview: Wynn Resorts and its business segments

    Wynn Resorts (WYNN) is a leading developer, owner, and operator of destination casino resorts.

    By Shawn Bolton
  • Consumer

    Wynn Resorts’ VIP gaming fails to deliver

    Wynn Resorts’ (WYNN) VIP table gaming’s drop in 3Q14 was 17.4% lower than the same quarter in 2013. The Macau VIP gaming revenues have been negatively impacted by the ongoing anti-corruption campaign in China.

    By Shawn Bolton
  • Consumer

    Mass market segment outperforms at Wynn Resort’s Macau operation

    Mass market table wins increased due to a shift of gaming tables from the VIP to the mass market.

    By Shawn Bolton
  • uploads///csco
    Technology & Communications

    Why Bridgewater Associates decreased its position in Cisco

    Bridgewater Associates decreased its position in Cisco from 0.20% in the 1Q portfolio to 0.09% in the fund’s 2Q portfolio.

    By Patricia Garner
  • uploads///Part
    Consumer

    A Business Overview Of Melco Crown Entertainment

    Melco Crown Entertainment has two casino-based operations—City of Dreams and Altira Macau—and noncasino-based operations at its Mocha Clubs.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Must-Know: Melco Crown’s Major Shareholders

    Members of management owning shares of their company shows confidence in the firm’s direction and outlook.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Melco Share Price Drops, But Outperforms In The Long Run

    Price performance Let’s explore the five-year share price performance of Melco Crown Entertainment (MPEL) relative to its peers, as well as the broader market that includes SPDR S&P 500 ETF (SPY). Share prices of gambling stocks collapsed heavily over the last three to six months. This drop largely resulted from the Chinese government’s crackdown on corrupt officials, which negatively […]

    By Shawn Bolton
  • uploads///Part
    Consumer

    Why Casinos Rely On Disposable Income

    On a year-over-year basis, real disposable income increased 2.9%. More disposable income boosts consumer buying power.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Why China’s Disposable Income Could Drive Leisure Demand

    China’s disposable income per capita remained almost flat at 6,800 Chinese yen on a YoY basis for the three months ending in December 2014.

    By Shawn Bolton
  • uploads///Part
    Consumer

    An important overview of Las Vegas Sands, a casino company giant

    An overview of Las Vegas Sands (LVS) shows that the company currently owns 70.1% of Sands China Ltd., which operates LVS’s four Macao properties.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Why the US casino market performed well

    Today, a number of US-based casino companies have operations in foreign markets—like Macau. Also, they’re developing new properties in Macau.

    By Shawn Bolton
  • uploads///ANR
    Consumer

    What Analysts Are Recommending for Major Casinos

    Analysts seem to be favoring MGM Resorts (MGM) stock over the other major casinos. Of the 17 analysts tracking the stock, 16 of them recommend a “buy.”

    By Ally Schmidt
  • uploads///China GDP
    Consumer

    China’s Economy: A Slowdown in Second Half of 2017?

    A weakness in the Chinese economy could adversely affect the spending capacity of the Chinese people, which could lead to fewer visitors at Macao.

    By Ally Schmidt
  • uploads///Hotel invesntory
    Consumer

    Macao Casinos Hope Hotel Supply Will Drive Demand

    Macao’s casinos are trying to change Macao from a gaming-only destination to more of a Las Vegas–like destination.

    By Ally Schmidt
  • uploads///inflation
    Consumer

    What Do Inflation Numbers in Macao Indicate?

    Macao’s annual inflation as measured by the composite consumer price index rose 1.03% YoY (year-over-year) in July 2017.

    By Ally Schmidt
  • uploads///unemployment
    Consumer

    What Unemployment Numbers Tell about Macao Casinos

    In 2000, the unemployment rate in Macao peaked at 7.0%. Since then, tremendous growth in the gaming industry has helped reduce unemployment.

    By Ally Schmidt
  • uploads///Visitor arrivals
    Consumer

    Macao Visitor Arrivals Improve in July 2017

    For July 2017, visitor arrivals increased 4.4% YoY to 2.9 million visitors. However, on a month-over-month basis, visitor arrivals increased 22.7%.

    By Ally Schmidt
  • uploads///new resorts
    Consumer

    Are the New Integrated Resorts Increasing Macao’s Market?

    Macao’s gross gaming revenue growth in the past four months has many analysts believing that the growth is driven by the shift to the mass market.

    By Ally Schmidt
  • uploads///Mass
    Consumer

    VIP Segment Driving Macao Casinos’ Short-Term Recovery

    For the first quarter of 2017, VIP gross gaming revenues rose 16.8% YoY (year-over-year) to MOP 35.6 billion.

    By Ally Schmidt
  • uploads///Revenue
    Consumer

    Macao July Revenues Saw Highest Growth in 2017, Beat Expectations

    According to the Gaming Inspection and Coordination Bureau, Macao’s gross gaming revenues have risen 29.2% YoY to MOP 23.0 billion ($2.9 billion).

    By Ally Schmidt
  • uploads///Macao unemployment
    Macroeconomic Analysis

    Why Should Investors Keep a Watch on Macao’s Unemployment Rate?

    Macao’s unemployment rate was as high as 7% in 2000. Growth in the tourism and gaming industry helped to curb the high rate.

    By Ally Schmidt
  • uploads///Macao revenue
    Macroeconomic Analysis

    Macao’s Gaming Revenues Posted Double-Digit Growth in February

    Macao’s casinos reported their seventh consecutive month of revenue growth in February 2017. Casinos’ February revenues rose 18% year-over-year (or YoY) to ~$2.9 billion.

    By Ally Schmidt
  • uploads///China GDP
    Macroeconomic Analysis

    How China’s Weakening Economy Could Hurt Macao Casinos

    The Macao region relies heavily on the Chinese mainland, as it garners the huge majority (about 67%) of its visitors and VIP gamers from China and its neighboring countries.

    By Ally Schmidt
  • uploads///Hotel supply macao
    Macroeconomic Analysis

    Is Oversupply a Concern for Macao Casinos?

    Macao casinos’ $28 billion investment in integrated resorts is set to change the city’s gaming business.

    By Ally Schmidt
  • uploads///new resorts
    Macroeconomic Analysis

    Can New Resorts Lead the Way to Recovery for Macao Casinos?

    Sands Parisian opened its resort in September 2016 and has been leading the mass market recovery ever since.

    By Ally Schmidt
  • uploads///VIP vs Mass
    Macroeconomic Analysis

    Is the Mass Market Shift Working for Macao Casinos?

    As VIP business continues to remain sluggish, casinos are increasingly turning their attention towards the mass market.

    By Ally Schmidt
  • uploads///macao inflation
    Macroeconomic Analysis

    What Do Macao’s Inflation Figures Indicate?

    The annual inflation in Macao fell to 1.5% in November 2016.

    By Ally Schmidt
  • uploads///Macao unemployment
    Macroeconomic Analysis

    Why Should Investors Keep an Eye on Macao’s Unemployment Rate?

    For September 2016 through November 2016, the unemployment rate stood at 1.9%.

    By Ally Schmidt
  • uploads///Hillary clinton top donore
    Miscellaneous

    Trump Hasn’t Received Funding from the Travel Industry

    Trump hasn’t received funding from any PACs related to airlines, online travel, or hospitality. He hasn’t received support from executives in the industry.

    By Ally Schmidt
  • uploads///Hotel invesntory
    Consumer

    Hotel Inventory Is Rising, but Is There Enough Demand?

    Macao casinos’ $28-billion investment in integrated resorts will change the city’s gaming. Capacity additions should increase the number of slot tables too.

    By Ally Schmidt
  • uploads///VIP Vs Mass market
    Consumer

    How Macao’s Attempts to Woo Mass Market Consumers Are Going

    As VIP business remains sluggish, casinos are increasingly turning their attention to woo mass market.

    By Ally Schmidt
  • uploads///Inflation
    Consumer

    What Do Macao’s Inflation Numbers Indicate?

    The annual inflation in Macao fell to ~2.1% in July 2016. Inflation has, in fact, been on a declining trend in the region since February 2016.

    By Ally Schmidt
  • uploads///unemployment
    Consumer

    Why Macao’s Unemployment Rate Should Stay on Investors’ Radars

    Macao’s unemployment rate reached 7% in 2000. Growth in tourism and gaming helped curb high rates, bringing the average down to ~3.9% from 1996 to May 2016.

    By Ally Schmidt
  • uploads///Revenue
    Consumer

    Revival or Luck: Analysts’ Takes on Macao’s Revenue Rise

    After 26 consecutive months of declining revenues, Macao gaming revenues have finally shown a small spurt of growth.

    By Ally Schmidt
  • uploads///Portfolio Breakdown of the PRITX
    Consumer

    A Look at PRITX’s Portfolio Changes So Far in 2016

    PRITX aims to invest in established companies that are either headquartered outside of the United States or whose main businesses are carried out outside the United States.

    By David Ashworth
  • uploads///new resorts
    Macroeconomic Analysis

    Why the Cotai Strip Is Important for Macao Casinos’ Recovery

    Casino operators that have opened resorts on the Cotai Strip are gaining market share at the expense of those who haven’t.

    By Ally Schmidt
  • uploads///Hotel Inventory
    Macroeconomic Analysis

    Macao’s Hotel Inventory to Double amid Falling Occupancy

    With over 9,000 hotel rooms, Sands China (LVS) has the largest share at 60% of Macao’s total hotel inventory.

    By Ally Schmidt
  • uploads///wynn ps
    Earnings Report

    How Does Wynn Resorts Compare to Its Peers?

    The peers are way ahead of Wynn Resorts based on the price-to-sales ratio. The ETFs outperformed Wynn Resorts based on the price movement and PE ratio.

    By Gabriel Kane
  • uploads///WYNN Q Performance
    Earnings Report

    Overview of Wynn Resorts’ 3Q15 Earnings

    Wynn Resorts’ VIP segment’s turnover fell by a 51% to $12.2 billion, from $25 billion in 3Q15. Mass market revenues fell by 13.7% to $1,197 million.

    By Ally Schmidt
  • uploads///Wynn stock
    Earnings Report

    Overview of Wynn Resorts in September and October

    The third quarter earnings call from Wynn Resorts disappointed investors. The company’s already weak stock fell by more than 7% in after-hours trading.

    By Ally Schmidt
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