Really, anf probably did not lose market share as believed earlier.
hurt the Casino business???? As ShangHai/ShenZhen double and HongKong making new highs, casino stock making new low.
You can say that for Mpel only, which used to trade 20% above MGM.
If just short term trade imbalance, it may make sense to sell MGM for the others.
Why now? They want to kicks it down to hardrock bottom so they buy it themselves. Then say: "Now is the bottom"; "The doubling stock market in China and new-high stock market in HongKong generate many many more rich people with known Legal Money..."
Maybe swap back soon.
Maybe LVS should take it over. Maybe time to buy on the rumor of bad earning. It is incredible that no one (big guys) see/say the doubling China/HongKong stock market is going to help the Casinos.
in the stock market -- Not mainland people, not hong kong people.
Crude oil was below $50 most of the time until the last few days of the quarter, and went pass $60 this Month. But, you have to wait until ANAlysts accumulate and say that before it goes up.
Didn't really dropped much on results. And dropping as Chinese Stock Markets (HongKong too) drop as people lock in double-up profits。 Some profits shall go to Casinos.
Yes, they said FB goes to $13s and Crude oil goes to $20s.
And with China markets making another new high after doubling in 10 months... well, what we say don't count. Just wait until some ANAlysts say "Some of those gains will come to the casinos."