Melco Crown Entertainment Ltd

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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: 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
  • 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
  • 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
  • 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///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
  • Consumer

    OTPP opens new position in Alibaba Group

    OTPP added a new position in Alibaba Group Holding (BABA) during the third quarter that ended in September. The position accounted for 0.09% of the fund’s total portfolio.

    By Samantha Nielson
  • 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///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 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///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
  • Financials

    Christian Leone’s Luxor Capital adds a new position in Yahoo

    Recently, Yahoo shares went higher after third quarter earnings and revenue beat analyst estimates. Third quarter profit rose to $6.77 billion.

    By Samantha Nielson
  • uploads///NAO fleet
    Fund Managers

    Omega Advisors adds to position in Nordic American Offshore

    Nordic American Offshore (NAO) is an international offshore supply vessel company that was incorporated in Bermuda. NAO was spun off from Nordic American Tanker (NAT) in November last year.

    By Samantha Nielson
  • Energy & Utilities

    Singer’s Elliott Management goes activist on Riverbed Technology

    Elliot added 8,231,946 shares to its Riverbed Technology (RVBD) stake in the fourth quarter. Network equipment maker Riverbed accounts for a 6.04% position in Elliot’s portfolio.

    By Samantha Nielson
  • 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
  • uploads///QCOM
    Financials

    Omega Advisors exits position in Qualcomm

    Last month, Qualcomm announced 4Q14 and fiscal 2014 earnings that missed estimates. Its revenue for 4Q14 was $6.69 billion, missing analysts’ expectations by $330 million.

    By Samantha Nielson
  • 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///MPEL
    Consumer

    Luxor starts new position in Melco Crown Entertainment

    Melco’s net revenue for the second quarter of 2014 was $1.19 billion, down approximately 7% year-over-year.

    By Samantha Nielson
  • uploads///MPEL
    Fund Managers

    Omega initiates position in Melco Crown Entertainment

    Melco Crown Entertainment is a venture between Australian billionaire James Packer and Lawrence Ho. Melco owns and develops casino gaming and entertainment resort facilities in Macau.

    By Samantha Nielson
  • 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///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
  • 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

    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///BSX
    Financials

    Omega Advisors eliminates position in Boston Scientific

    Boston Scientific Corporation is a worldwide developer, manufacturer, and marketer of medical devices that are used in a broad range of interventional medical specialties

    By Samantha Nielson
  • uploads///CIM
    Financials

    Omega Advisors lowers position in Chimera Investment

    Chimera Investment invests in residential mortgage loans, residential mortgage-backed securities, real estate-related securities and various other asset classes. Chimera declared a fourth-quarter 2014 cash dividend of $0.09 per common share.

    By Samantha Nielson
  • 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///AVAL
    Financials

    OTPP adds new position in Grupo Aval

    OTPP added a new position in AVAL during the third quarter that ended in September. The position accounted for 0.11% of the fund’s total portfolio.

    By Samantha Nielson
  • uploads///XPO
    Financials

    OTPP establishes new position in United Technologies

    OTPP added a new position in United Technologies Corp. (UTX) during the third quarter that ended in September. The position accounted for 0.13% of the fund’s total portfolio.

    By Samantha Nielson
  • uploads///XPO
    Financials

    OTPP opens new position in XPO Logistics

    OTPP added a new position in XPO Logistics Inc. (XPO) during the third quarter that ended in September. The position accounted for 0.46% of the fund’s total portfolio.

    By Samantha Nielson
  • uploads///PCLN
    Consumer

    OTPP adds new position in The Priceline Group

    OTPP added a new position in The Priceline Group Inc. (PCLN) during the third quarter that ended in September. The position accounted for 0.50% of the fund’s total portfolio.

    By Samantha Nielson
  • Financials

    Highlights of OTPP’s third quarter 13F filing

    OTPP is an independent organization. It invests in pension fund assets. It administers the pensions for 307,000 active and retired teachers in Ontario.

    By Samantha Nielson
  • 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///OWW
    Consumer

    Luxor Capital adds new position in Orbitz Worldwide

    Orbitz net revenue rose 10% year-over-year to $248.1 million in 2Q14 as a result of higher hotel, vacation package, car, and air transaction volume.

    By Samantha Nielson
  • uploads///RCAP
    Financials

    Luxor Capital ups stake in RCS Capital

    RCAP, which has a ~$1.24 billion market cap, is an investment firm that focuses on the retail investor.

    By Samantha Nielson
  • uploads///BJRI
    Consumer

    Luxor Capital adds to position in BJ’s Restaurants

    In 3Q14, BJ’s total revenues increased 9.7% to $206.5 million and net income rose 77.7% to $6.5 million.

    By Samantha Nielson
  • uploads///ASPS
    Financials

    Luxor Capital raises stake in Altisource Portfolio Solutions

    Altisource Portfolio Solutions and its subsidiaries are a premier marketplace and transaction solutions provider for the real estate, mortgage, and consumer debt industries.

    By Samantha Nielson
  • uploads///AAMC
    Financials

    Luxor Capital ups position in Altisource Asset Management

    Altisource Asset Management’s primary business is to provide asset management and certain corporate governance services to institutional investors.

    By Samantha Nielson
  • Financials

    Luxor Capital’s new positions in 2Q14

    As of the end of 2Q14, Luxor Capital’s U.S. long portfolio was worth $5 billion, slightly down from $5.07 billion in 1Q14.

    By Samantha Nielson
  • uploads///Part
    Consumer

    Melco Crown Burdened With Heavy Gaming Taxes

    MPEL’s room expenses comprise ~1% of its direct costs, mainly representing the costs in operating its hotel facilities at Altira Macau and City of Dreams.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Why Melco Crown Is Profitable In The Casino Space

    MPEL derives ~94% of revenues from casino operations. Its casino business gross margin is 50% for the trailing 12-month period ending September 30, 2014.

    By Shawn Bolton
  • uploads///Part
    Consumer

    Cost of Equity Deteriorating Melco’s WACC

    Melco Crown Entertainment’s ROIC has been lower than its weighted average cost of capital for most of the last three years.

    By Shawn Bolton
  • 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
    Financials

    Wall Street Analysts’ Outlook Positive For Melco Crown

    Morgan Stanley upgraded MPEL shares to an overweight rating in a research note issued to investors on January 5, 2015, with a revised target price of $28.

    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///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///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///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///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///AWPAXs Top Ten Invested Geographies
    Fund Managers

    What You Should Know about the AB International Growth Fund

    Prudential (PUK), UBS Group (UBS), Nissan Motor (NSANY), Credicorp (BAP), and Melco Crown Entertainment (MPEL) are among the AB International Growth Fund’s 71 holdings.

    By David Ashworth
  • 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
  • uploads///Macao gaming tables growth
    Macroeconomic Analysis

    Will New Capacity Additions Drive Future Growth for Macao Casinos?

    In May 2015, Galaxy Entertainment doubled its capacity with its two new projects: Galaxy Phase 2 and Studio City.

    By Ally Schmidt
  • uploads///Visitor arrivals
    Macroeconomic Analysis

    Macao Visitor Arrivals Also Decline

    The Macao strip has seen a slump in the number of visitor arrivals since the Chinese government’s strict crackdown on corruption.

    By Ally Schmidt
  • uploads///gross gaming revenue
    Macroeconomic Analysis

    Gross Gaming Revenue and Revenue per Visitor Continue to Decline

    After witnessing a decade of exceptional growth in revenues, the Macao casino industry is going through its worst fall with July marking 14 straight months of declining gaming revenues.

    By Ally Schmidt
  • uploads///Macao stock performance
    Macroeconomic Analysis

    Macao Casino Stocks Continue to Tumble

    Macao casino revenues have been falling ever since the Chinese government imposed stricter regulations in June 2014.

    By Ally Schmidt
  • uploads///disposable income
    Macroeconomic Analysis

    Why Should Investors Watch China’s Disposable Income?

    A major percentage of visitors at the Macao casinos are from China. In May 2015, the visitors from China contributed to about 66% of the total arrivals.

    By Ally Schmidt
  • uploads///revenue per visitor
    Macroeconomic Analysis

    Macao’s Revenue per Visitor Continues to Fall

    Macao’s gaming revenue per visitor was at 999.6 Macanese pataca in May 2015—a rise of 6% from 942.4 in April 2015. This came after a huge fall in April 2015.

    By Ally Schmidt
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