agreed. I don't think the bulls have come to terms with the very real possibility that the damage from the corruption campaign will drag for some time. The VIP's may never come back, and with new supply, the casinos will be fighting for the same premium mass customers.
If there weren't guys like NY48trader and Usuck and Deli Pizza on the MB, I'd tell you what the rumor is.
Must admit I didn't think it would become this bad for MPEL. Other stocks rip..MPEL...yawn....just wacjingbids all day
If you guys think that this is the start of some type of run back to all time record high valuation, you are seriously delusional.
LOL...nice to see LVS met revised down estimates. Worse to come...
That's not what this is about. Do your DD. tonight is why it pays to have people who physically drive to these things and take note of who is there, and what the mood is afterward...
Nyny as a safe haven???? Lololol now i heard it all. There may very well be some opportunity to make money, but a safe haven is the last thing id use to describe nyny. I'd keep some dry powder in case Barclays or black rock or someone else is forced to sell some nyny to satisfy a margin call in this miserable sell off.
With that said i took a 1/4 position in mgm at 19.70.
You can tell. It's just in autopilot. The Chinese traders obviously know the extent of just how bad it is in Macau.
Sprinkle in some Ebola and man this is a scary stock. Not sure ya beat time to roll out Manila casino. Saturation is the word of the moment everywhere, with respect to gaming.
1/5th of float short going into the decision, over double what it was on day of submission. Why? That is the 2.1 million short question. Traded 3 million shares in one day on 80% pop and net increase in shorts. Explain that CP.
I can see Cuomo now at the post -selection press conference saying he really really wanted to help the Catskills, but the decision was up to an independent commission that he has no control over. But I'm probably just "overthinking it"....right sushi_crotch?
Asked about the impact of a casino in Orange County instead of the Catskills, Gov. Andrew Cuomo said Wednesday that's up for the gaming panel to decide. Cuomo visited Bethel Woods in the Catskills shortly after the casino referendum was passed last November.
"That, they are going to have to do. I’m not playing a role in that," Cuomo said.
Last thing, but very important. I've noticed that people have been confusing "legislative intent" with "stated intent". Despite what bonacic and pretlow and others are saying...the legislative intent is to create jobs, revenue for the state and for education, and property tax relief through casino gambling. Then there is the "stated intent"...which is basically the promotion of the legislation - to help revitalize upstate communities. Two completely different things. The Location Board was given broad power and they chose to draft the RFA and issue subsequent guidance in the way they did because they were given that discretion by cuomo through the actual legislation. Important to remember.
Harriman family and environmentalists may very well be the reason the cats does get a casino after all. Because I will tell you this CP...based on the language of that RFA, there is zero chance that anyone could objectively score a Catskills casino higher than Harriman and tuxedo proposals...not a chance with the 70% weighting and the criteria they are using in that RFA to score proposals. That's my opinion, but i don't see how anyone can argue with that, and I'd challenge anyone to actually read the entire RFA and conclude otherwise.
cp...that is a great point and it's something people were talking about last couple years. They are late to the game, and I'm sure cuomo's advisories said look...you gotta include areas closer to NYC otherwise you are not gonna get the interest you are hoping for. And if he didn't get any interest from big name players, it would have been an embarrassment for him.