So I was waiting for Dec bad numbers to come out of Macau and get some calls with LVS in the mid 40's- maybe that bus has left the station. I get that XI has an agenda for the junkets and high rollers but don't they get tax revenue from these operations? The Chinese Gov owns the largest tobacco co in China I cant imagine this is that important to Xi's moral fiber other than political posturing.
Of course they need to diversify beyond gambling-- hasn't that been the case in Vegas as gambling revenues have been down for the last few years but people come to shop, eat at nice restaurants and see shows (and recent Las Vegas earnings numbers have been good)? Won't a growing middle class looking for some fun help this stock? Does anyone have any crafty option strategies for mid to late 2015?
Macau’s three borders are operating under extended crossing schedules since yesterday in a change welcomed by residents and non-resident workers who are now presented with more options to travel between Macau and mainland China.
The Public Security Police (PSP) said that over 4,000 people crossed Border Gate yesterday between 6am and 7am, TDM News reported. Senior officer of PSP’s Immigration department Ku Keng Hin said that the new schedules helped ease congestion during peak hours.
“We recorded 4,400 entries and departures between 6am and 7am. Some imported workers and students come less in a hurry. They could come here half an hour earlier at 6:30 or even at 6am. They could avoid the peak [traffic] between 7am and 8am,” he said.
Yesterday at midnight the Lotus Bridge Cotai Frontier Post (connected to Hengqin) began operating on a 24-hour basis, while the Border Gate (connected to Gongbei) began operating between 6am and 1am, an hour longer before and after its previous closing and opening times.
Finally late night crossings through the Cross-Border Industrial Zone Checkpoint opened between midnight and 7am only to pedestrians, including Macau residents, non-resident workers from mainland China and students.
The Cotai checkpoint’s new schedule applies to all commuters.
Residents said that they have now more time to cross the border and at night can also easily get the bus to the Border Gate.
Before the borders’ new schedules came into force, over 22,000 people on average crossed the city’s borders every day between 7am and 8am. Today, less than 6,000 people crossed Macau’s borders during the same hours. Authorities said that congestion will ease during usual peak-hours as people crossing the border will now be arriving and departing across a broader time frame.
The Transport Bureau’s director Wong Wan gave a positive review of public buses response to the border crossing hours-extension.
Bus routes were enhanced and bus service hours were extended.
Sentiment: Strong Buy
For LVS, Sheldon should plan to retire, sell off assets, put LVS up to $200, then we all dump it to $1 or BK. That time, Sheldon is already out or dead.
From recent Hong Kong failed upheaval, it is evident USA was behind the uprising. One obvious reason is Pentagon advising the presidency China is threatening. Financially, the only way USA come off the debt is to destroy China, cheat away not paying back. But, if it backfires, USA will be damaged as well.