S&P 500: A Pause in the Uptrend - More Consolidation Expected.
In last week’s Compass we noted the S&P 500 was near the top end of the uptrend channel and that the index could fall 2.75%-3.25% before we get...
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Melco to Conduct Delisting Offer for Melco Philippines
MCO (Philippines) Investments Limited, an indirect wholly-owned subsidiary of Melco Resorts & Entertainment (MLCO US), announced a voluntary...
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Duterte's Anti-Casino Stance Could Create a Stronger Moat for Current Philippine IR Licensees
Government shuts down 14 new license applications, bans Galaxy Boracay Island deal, fires tourism board that approved Landing International...
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Melco Resorts: A Disproportionate Hit on 2Q Results and Lower Macau GGR Creates a Smart Entry Point
Much of Melco's 2Q earnings miss was due to mandated accounting standards reporting and unlucky play in VIP. 2Q total revenue increases in mass...
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Macau VIP Slowdown? We See Opposite!
Robust Inbound Visitation Growth from Mainland China; Accelerating VIP Rolling MomentumWe estimate that the Average Daily Revenue (ADR) in Macau...
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