Gaming Revenue Returned to Growth in September and August; More Optimism in the Junket VIP Business
The 7.4% year-over-year gross gaming revenue increase in September is stronger than consensus estimates. The improvement is driven by a low base...
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Maintaining Macau Gaming Revenue Forecasts as We Reduce Table Allocations for MGM China and SJM
We think 100 tables allocated upon opening, and 25 more in each of the next two years, will be a new normal for the two major casino openings for...
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July Tourism & Macro Data Suggest Coach Q1 FY17 Will Disappoint
Coach Inc (COH US) fell another -2.3% today in the US after an analyst downgrade, and the stock is down -14.4% since reporting unexciting Q4 FY16...
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Wal-Mart's Acquisition of Jet.com
Jet.com was a $600m company last year before further fund raising.It is now valued at $3.3bn after Wal-Mart's cash and stock acquisition announced...
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If You Build It, They Will Come: Macau Will Rise Again, but Amid Near-Term Growing Pains
Macau's carrying capacity, which is currently constrained because of crowding, will begin to expand in 2018 as key infrastructure projects start to...
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