Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

Last Week in Event SPACE: Sydney Airport, Softbank, Evergrande, Shinsei, Macau Gaming, Shui On Land

Global Gaming and Casinos Industry Specialist, Casino Business Review LLC

Howard J Klein

Global Gaming and Casinos Industry Specialist

Equity Bottom-Up

MGM Resorts International / Equity Bottom-Up

<p>It remains a strong contention for us that today's investors must exercise particular caution in acting on the flow of news from given stocks. It applies to most sectors today. But overall, the overkill of the media when it comes to perceived negative news about stocks in the casino sector, commands our cautionary guidance. The reason is clear. It has been clear to me during my over 30 years inside the industry as a c-level executive dealing with the excesses of media coverage, both positive and negative triggered by events in our industry. Investors are well advised to understand that the casino industry has a long history deeply rooted in human behavior. Over centuries it has survived every conceivable challenge, legal, political, economic imaginable. Yet despite these challenge, its mass appeal to people seeking a diversion from the everyday, willing to take risks they enjoy usually overcomes fleeting challenges. Such is the case now.</p>

It remains a strong contention for us that today's investors must exercise particular caution in acting on the flow of news from given stocks. It applies to most sectors today. But overall, the overkill of the media when it comes to perceived negative news about stocks in the casino sector, commands our cautionary guidance. The reason is clear. It has been clear to me during my over 30 years inside the industry as a c-level executive dealing with the excesses of media coverage, both positive and negative triggered by events in our industry. Investors are well advised to understand that the casino industry has a long history deeply rooted in human behavior. Over centuries it has survived every conceivable challenge, legal, political, economic imaginable. Yet despite these challenge, its mass appeal to people seeking a diversion from the everyday, willing to take risks they enjoy usually overcomes fleeting challenges. Such is the case now.

MGM Resorts International: Strategically Sound for an Upside in the US and Macau---Buy on the Dip

Melco International Development / Event-Driven

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<p><em><strong>This week in StubWorld ...</strong></em></p>
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<p><a href="https://www.smartkarma.com/entities/melco-crown-entertainme-adr" target="_blank" data-smartkarma-citation="entities:810:1" rel="noopener">Melco Resorts &amp; Entertainment (MLCO US)</a> and other Macau gaming plays roll over after a 45-day public gaming consultation kicks off today.</p>
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<p>Preceding my comments on Melco are the weekly setup/unwind tables for Asia-Pacific Holdcos.</p>
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<p>These relationships trade with a minimum liquidity threshold of US$1mn on a 90-day moving average, and a % market capitalisation threshold - the $ value of the holding/opco held, over the parent’s market capitalisation, expressed in percent - of at least 20%.</p>
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This week in StubWorld ...



Melco Resorts &amp; Entertainment (MLCO US) and other Macau gaming plays roll over after a 45-day public gaming consultation kicks off today.



Preceding my comments on Melco are the weekly setup/unwind tables for Asia-Pacific Holdcos.


These relationships trade with a minimum liquidity threshold of US$1mn on a 90-day moving average, and a % market capitalisation threshold - the $ value of the holding/opco held, over the parent’s market capitalisation, expressed in percent - of at least 20%.


StubWorld: Consultation Batters Macau Gaming Counters

Last Week in Event SPACE: BHP, WH Group, Beijing Capital Land, China Life, Macau Gaming Concessions

Melco International Development / Equity Bottom-Up

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<p>This week in StubWorld  ...</p>
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<p>With the clock ticking and less than one year until the Macau gaming concession renewal, a simple extension appears the logical course of action. Yet a Macanese government consultation paper believes the VIP room model is untenable under the SAR's national security law.</p>
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<p>Preceding my comments on Wynn are the updated setup/unwind tables for Asia-Pacific Holdcos.</p>
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<p>These relationships trade with a minimum liquidity threshold of US$1mn on a 90-day moving average, and a % market capitalisation threshold - the $ value of the holding/opco held, over the parent’s market capitalisation, expressed in percent - of at least 20%.</p>
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<p>As always, more below the fold.</p>
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This week in StubWorld  ...




With the clock ticking and less than one year until the Macau gaming concession renewal, a simple extension appears the logical course of action. Yet a Macanese government consultation paper believes the VIP room model is untenable under the SAR's national security law.




Preceding my comments on Wynn are the updated setup/unwind tables for Asia-Pacific Holdcos.


These relationships trade with a minimum liquidity threshold of US$1mn on a 90-day moving average, and a % market capitalisation threshold - the $ value of the holding/opco held, over the parent’s market capitalisation, expressed in percent - of at least 20%.


As always, more below the fold.


StubWorld: Gambling On Macau's Gaming Concession Renewal

Hong Kong

MGM China Holdings Ltd. owns a luxury resort, hotel, and casino located in Macau. The Company is also exploring other casino gaming development opportunities in Macau.

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MGM China Holdings (2282 HK)

Last Week in Event SPACE: Sydney Airport, Softbank, Evergrande, Shinsei, Macau Gaming, Shui On Land

The weekend is here! Pour yourself a coffee, grab a comfortable seat, and sift through a brief summary of insights on various events discussed...

David Blennerhassett

MGM Resorts International: Strategically Sound for an Upside in the US and Macau---Buy on the Dip

Macau officials new scrutiny of casinos is not negative in its real world implications. Therefore the sharp decline in sector p sets the stage for...

Howard J Klein

StubWorld: Consultation Batters Macau Gaming Counters

The negative price reaction to Macau gaming stocks is understandable - an extension appeared a logical short-term fix. A 45-day consultation period...

David Blennerhassett

Last Week in Event SPACE: BHP, WH Group, Beijing Capital Land, China Life, Macau Gaming Concessions

The weekend is here! Pour yourself a coffee, grab a comfortable seat, and sift through a brief summary of insights on various events discussed...

David Blennerhassett

StubWorld: Gambling On Macau's Gaming Concession Renewal

The clock is ticking with less than one year until the Macau gaming concession renewal, a simple extension appears the logical course of action.

David Blennerhassett

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