1. They've been after a private room for a long time and apparently it wasn't going to happen at the Venetian any time soon. 2. The Venetian's vocus is primarily mass play. 3. Sands Cotai is ramping along with the rest of Cotai. 4. Possibility of a higher LOC as roll improves.
Help me out anyone..........but I don't see a downside here. It's basically a lateral move with better long term potential.
5 tables at Venetian for 4 at Sands. True there is a private room, but AERL's goal was to ADD, not make lateral moves. The stock ramped up on speculation they would be ADDING rooms very soon. This makes it look like that's off the table now.
Thanks Dr for all the info, my thinking is some investors might still be thinking there is something to the crackdown article that was published. When we could not hold 4.25 I thought it might drop on down, there seems to be good support at the 4.00 area.gltu