From Our Good Knight - Posted Late Yesterday Afternoon
Remain positive on Macau outlook - MGM China's bullish comments
should dispel fears. We believe the Street is likely overemphasizing softerthan-
expected Chinese New Year data. We point to MGM China's bullish
comments, which suggest a strong return of play this week, post CNY and
consistent with last year. We believe holiday periods in Macau are becoming
increasingly mass and family-orientated with VIPs avoiding the holiday rush. We
believe the fundamentals in Macau remain positive, and we expect to gain further
insights during our meetings in Asia next week.
My comment - I believe his take is pretty much the sentiment expressed here over the last couple days.