For the past 10 years I have traveled to Macau and invested in LVS, WYNN, and MPEL successfully as a way to play the Macau gaming / casino surge. I have owned some Hong Kong listed shares as well. Taking a look at the 5 year charts, you can see LVS, WYNN, & LVS have paid well.
About 4 years ago, a fellow investor brought AERL (now IKGH) to my attention as a potential investment. I was familiar with the ugly world of agents & the credit business in Macau and visited AERL. After detailed diligence 3+ years ago, I shorted AERL, now IKGH. I then posted on the AERL message board my rational and later 40 Reasons I believed AERL would eventually trade at zero. The stock was then trading above $9 per share.
I further told the board, an investment in LVS, WYNN, or MPEL would payoff far better in the long term.
Well, I learned there were some annonymous pumpers of this stock. They waged a campaign not of refuting my thesis, but of ignoring or attacking me personally.
I still believe in Macau and LVS, WYNN, and MPEL. Importantly, an article was written today in Investors Business Daily ran a piece today on what I have been saying all along, Macau is great if you invest in MPEL, WYNN, LVS - See story "Las Vegas Sands, Other Macau Casinos, Enjoy Big Gains," based on RBC Capital Markets analyst John Kempf's report.
As I have said for 3 years+, you can still get it right by taking whatever $ you have in this dead money fraud headed for $0 and invest it in the winners of Macau.
IMHO, it Macau has grown massively in the past 3-5 years and the winning stocks prove it is possible to succeed as an investor in playing Macau's continued growth with a well audited bigger company not in shady business.
I've invested in undervalued Chines stocks that people said were dead money. Xin, Cccl and Siaf to name a few. They move up eventually if you're patient. Ikgh has had some quarters where earning comparisons weren't the best. But if the company can stabilize earnings as seems likely the undervaluation will become obvious.
I find it rather funny, with such arrogant and lacking of factual comments you preface your post with IMHO. If you are so done with this equity and you feel it is a lost cause, what the hell are you doing on this board? I surmise you are trying to influence. Pretty pathetic.
From Last Earnings Announcement & Despite Acquisitions:
Nine Month 2013 Highlights
Rolling Chip Turnover for the nine months ended September 30, 2013 was $12.7 billion, a decrease of 10.1% compared to $14.1 billion for the nine months ended September 30, 2012.