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Las Vegas Sands Corp. Message Board

grftt 399 posts  |  Last Activity: 15 hours ago Member since: Jan 20, 2007
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  • For me people take the PMI to serious if differs a point either here or there
    it is mainly a psychological edge for a lot of people. That is unless it is some kind of to trend 4-5 points either way. The purchases managers index was by far most accurate for years to measure the health of Macau and mainly VIP guidance. Now it is not the mother barometer of GGR. The mass gamers are here to stay and although PMI still has importance the, visitation and mass gamers gets little coverage IMO.
    The stimulus is obviously working in China and what they are spending on the HSR new routes makes day trips to Macau a reality for tens of millions.

  • Just eight of Macau’s 35 casinos made 75.3 percent of the city’s casino gross gaming revenue in the first half of this year, Jornal Tribuna de Macau reports.

    The Portuguese-language newspaper says the eight are the casinos in the Galaxy Macau, the Wynn Macau, the City of Dreams, the MGM Macau, the Venetian Macao, the Grand Lisboa, Sands Cotai Central and StarWorld, which together raked in MOP145.4 billion (US$18.21 billion).

    The Galaxy Macau had MOP24.9 billion in gross gaming revenue, the Wynn Macau had MOP20.3 billion and the City of Dreams had MOP19.6 billion.

    Sentiment: Strong Buy

  • Still over 8% yoy and Chimelong is said to bring in over 3 million alone once fully opened. Macau still on explosive growth.
    ..........................
    In the first half of 2014, visitor arrivals in Macau reached 15,283,847 (an increase of 8% year-on-year) and same-day visitors accounted for 54% of the total number, according to information from the Statistics and Census Service (DSEC).
    Visitors from mainland China (+15%), Taiwan (+2%) and the Republic of Korea (+18%) increased year-on-year, while the number of visitors from Hong Kong (-6%) decreased. Moreover, long-haul visitors from the United States, Australia and the United Kingdom recorded year-on-year increases; however, the number of arrivals from Canada and France registered declines.
    In June, visitor arrivals increased by 5% year-on-year to reach 2,432,041. Same-day visitors accounted for 53% of the total, sitting at 1,297,678.
    DSEC mentions that the “increase in visitor arrivals slowed after the rush during the Easter and Labour Day holidays.” Analyzed by place of residence, visitors from mainland China totaled 1,597,289, an increase of 9% year-on-year, having come primarily from Guangdong Province (667,052), Fujian Province (72,061) and Hunan Province (57,960). Mainland visitors travelling under the Individual Visit Scheme rose by 11%, totaling 672,405. Visitors from Taiwan (85,350), the Republic of Korea (41,786) and Japan (24,208) further increased by 12%, 24% and 25% respectively year-on-year, while visitor numbers from Hong Kong (513,561) decreased by 8%. Long-haul visitors from the United States (15,317) registered a year-on-year increase; on the contrary, the number of arrivals from Australia (6,899), Canada (4,422) and the United Kingdom (3,908) all marked decreases.
    The average duration of a visitor’s stay remained unchanged from the previous year, registering at 1.0 day in June 2014. Overnight visitors and same-day visitors stayed an average of 1.9 days and 0.2 of a day respectively.

    Sentiment: Strong Buy

  • Reply to

    Gambling Law in Japan failed

    by mrtaxxxx Jul 21, 2014 3:39 PM
    grftt grftt Jul 21, 2014 3:48 PM Flag

    The Japanese only account for some 2-3% of the Macau market and has been steadily dropping for the past 3-4 years. I would say the Japanese casinos "if regulated" would be over 90% domestically patronised.

    Sentiment: Strong Buy

  • Reply to

    Anybody have td ameritrade account regarding dividend

    by grftt Jul 19, 2014 12:14 PM
    grftt grftt Jul 21, 2014 3:14 PM Flag

    Td Ameritrade UK ...They taxed me 30% automatically on the dividend because it was on the US board....Never knew they would do that.

    To answer your question "no you do not get taxed twice"

    I will email my broker so I have record proof later.

    Going to ask him if they "automatically" take 30% tax on "profit" on my US stocks when I sell them.

    Sentiment: Strong Buy

  • Reply to

    Japanese goverment to set special unit for gambling

    by grftt Jul 20, 2014 7:19 PM
    grftt grftt Jul 21, 2014 2:47 PM Flag

    That's the one, I guess she had come over at the concessionaires meeting and basically verbally attacked him lol...One word that comes to mind Greed lol.

    I thought the New MGM design for Cotai looked pretty cool. They have the bridge hook up to COD that will be great (confirmed) and possibly the link by (people mover) to SJM to the other Ho property.

    You got a point on those windows though buddy, it will be a nightmare to clean lol and maybe same as the fifth tower COD. I stayed the Luxor not long after it opened 20 years ago. They had a guys running past the window tied to a mountain rope cleaning them suckers.

    It will be good to get some GGR results possibly tomorrow so we can see what's happening. Hopefully we will have a run rate over 10% GGR run rate from when the WC final concluded.

    The earning cannot come fast enough....sick of the BS analysts.....good Luck

    Sentiment: Strong Buy

  • Reply to

    Scottrade customers

    by michsteve09 Jul 11, 2014 5:55 PM
    grftt grftt Jul 21, 2014 7:52 AM Flag

    Youhavetd ameritrade in the statesI presume...mine is td ameritrade UK

    Sentiment: Strong Buy

  • Reply to

    Anybody have td ameritrade account regarding dividend

    by grftt Jul 19, 2014 12:14 PM
    grftt grftt Jul 21, 2014 6:30 AM Flag

    So I just got a reply from Td ameritrade ...below

    "The amount credited to your account is the dividend after tax. The dividend was $0.50502 USD per share and was subject to 30% withholding tax. The breakdown of the dividend will show on your next Consolidated Tax Certificate".

    I have only just started trading in the UK after moving from the states after many years and holder of both passports
    Question......So in the UK if you get a dividend or make a profit on any stock in general...do they take the tax automatically off the profit on stock when you sell?

    Sentiment: Strong Buy

  • Reply to

    Japanese goverment to set special unit for gambling

    by grftt Jul 20, 2014 7:19 PM
    grftt grftt Jul 21, 2014 3:28 AM Flag

    Tberry....Nobody wishes mpel gets ahead of Genting than me and after all just my opinion. I did see that WC lottery earlier, that is a lot of money indeed. Will be good to see maybe tomorrow what the run rates are since WC finished.

    Google mgm Cotai site and take a look at the proposed MGM building it looks great or go to macau tripping let me know what you think.

    I saw a Bloomberg Asia interview with Shelley over the weekend, I did not know Pansy hated Shelley so much ( try to search for the interview ) hilarious....Good Luck

    Sentiment: Strong Buy

  • Reply to

    Japanese goverment to set special unit for gambling

    by grftt Jul 20, 2014 7:19 PM
    grftt grftt Jul 20, 2014 7:38 PM Flag

    To me this looks like a good bet for a done deal for Casinos in Japan......my other bet would be LVS and Genting getting the first casinos and then anybody's guess who gets the others ...I think mpel has a good shotthey have been courting top official over there since 2009. I don't think there we will be any shortage of partners that would be willing to come in as a joint venture. House of dancing water is a real plus for them and the show would go down real well in Japan.
    If we get one of the licenses, I am hoping Osaka for mpel as many conventions are held there and the space they are looking at is larger and cheaper than the proposed sites in Tokyo. The Kansai airport is a major hub for airlines and I really like Osaka better than Tokyo any day of the week.

    Japan would be real nice and icing on the cake for mpel's already burgeoning expansion plans in the coming years.....Good Luck

    Sentiment: Strong Buy

  • The Japanese government plans to set up a new body that could help speed up the process of opening the first casino resorts in Japan in time for the Tokyo Olympics in 2020, the top government spokesman said on Friday.

    Officials from various government agencies will come together to work on the matter, Chief Cabinet Secretary Yoshihide Suga told reporters on a conference, the Kyodo News agency reported.

    “It will not take that much time” until the task force is assembled, Mr Suga was quoted as saying. “We will need to identify issues to deal with [in the casino project] by looking into cases and legal systems seen in other countries.”

    The Integrated Resorts (IR) Bill was briefly discussed by the Cabinet Committee of Japan’s lower house of parliament last month, before the end of the regular session on June 22.

    GGRAsia has obtained a note of the main topics discussed. In it, lawmakers give the clearest indication yet that they are interested in having foreign casino operators involved in IRs.

    The note mentions a “need to work with appropriate operators as well as the domestic industry”. All the big Las Vegas operators as well as Macau operators Galaxy Entertainment Group Ltd, Melco Crown Entertainment Ltd and SJM Holdings Ltd have expressed an interest in the Japan market.

    The note also shows that an entry levy could be imposed on foreigners as well as locals were casinos to be legalised in Japan.

    Japanese Prime Minister Shinzo Abe has said his party will seek to pass the enabling law to legalise casinos in the next session of parliament.

    “Integrated resorts will be a main feature of my growth strategy,” said Mr Abe when he visited Singapore’s casinos during an official visit to the Lion City in May.

    Sentiment: Strong Buy

  • If the proposed China car sales hit the 20 million mark as schedule for 2014, 10% of all vehicles are government sales and that's some 2 million cars. If 30% of these vehicles have to be electric vehicles that is some 600k cars and if Tesla can just acquire 5% of that market, we are talking some 30k cars just to the Chinese government per year.
    This is basically 40-50 % of all Tesla projected sales for 2015, you think that tesla cannot sustain this amazing growth, thats the same thing people said to me when I purchased apple years ago.

    Sentiment: Strong Buy

  • Nothing has been posted to my account and it is a good chunk of change....Called them on Friday and they said they are still negotiating with Nokia regarding the dividend ....the account is in UK td ameritrade. Is there anybody else having the same trouble? Thanks

    Sentiment: Strong Buy

  • Bloomberg asia tv.........Just watching a documentary on Macau, interviews with Lawrence Ho, Shelley and Pansy and co....very interesting.

    Sentiment: Strong Buy

  • Reply to

    just to be clear on Q2 expectations for MPEL

    by drjackcar Jul 18, 2014 12:14 PM
    grftt grftt Jul 18, 2014 5:37 PM Flag

    Oops ....Matrix you mentioned terminal/stadium gaming....it is growing at 55-60% per year and is one of the fastest growing areas on the casino floor. I expect this to grow even faster as these games are catching on and getting more embraced by the mass gambler.

    I do think they will segment separate these huge stadium gaming pits to separate rooms off the main floor. Especially as new properties come on line, the areas can become very noisy with mass gamers.

    Stadium gaming is not a fad in Macau, with current situations it may well be the only game in town for a huge percentage of visitors.....Good Luck.

    Sentiment: Strong Buy

  • Reply to

    just to be clear on Q2 expectations for MPEL

    by drjackcar Jul 18, 2014 12:14 PM
    grftt grftt Jul 18, 2014 5:20 PM Flag

    Great post guys.....Well as far as mpel is concerned and the shrinking VIP play for a better word. This is more evident at Mpel than any other casino concessionaire. The VIP tables are actually not just moving to mass but they are wheeled out of one casino to another from Altira to COD.

    Matrix...Maybe you are right about the burnout of VIP and I always respect your opinion as you lived and breathed that industry for 25 years or so. The HK/Taiwan market is shrinking or flatlining yoy in visitation with gamblers and tourist alike, unfortunately you cannot see what the breakdown is with VIP V Mass. There has been a steady decline in numbers coming to Macau especially from HK. As Chimelong opens her final two phases and the planned 20k more rooms on Henqin are added maybe we will see a correction from HK.

    The mainland is a different place though new millionaires popping like rosé buds all the time. As long as you have a some what stable mainland economy and more importantly High Speed rail advancement through Chinas heartland, we will see growth.

    Macau was fed like a baby fed on VIP and now she is all grown up, the mass is here to stay. Personally for me the transition could not come fast enough. Altira is a little concern as it is so far out of town from anywhere, but I have faith in Ted Chan and his contacts to keep that hotel stable.

    Out back of COD the work is continues at a incredible pace to finish on time. There is a confirmed foot bridge planned from COD to Lawrence's sisters MGM hotel. Maybe we will see either a moving AC people mover similar to what you see at long terminal airports or a bridge to Pansys place to her dads new place on Cotai.

    Can you imagine what a great concept that is having all Ho casinos hooked up. Steve is going it alone with his place, the one good thing for him is the light rail station dumps them right in front of the lake and his entrance.

    Glad to see the turn around today, my guess we beat by 4-5 cents..Good Luck

    Sentiment: Strong Buy

  • Maybe this will keep a few of the higher echelon VIP mainlanders in Altira lol....

    Casinos make the majority of their money from high rollers. We're talking gamblers in the casino, not the people that like to pop $60,000 bottles of champagne in the club. That’s a different segment of the business. We're talking about the men and women that play baccarat for $50,000 per hand.

    Casinos go through great lengths to assure the privacy of these players. Some high rollers don't want others to know that they travel halfway across the world to gamble. Not that there's anything wrong with that. Well, the US government is considering a new law to change the privacy laws and casinos are scrambling.

    The US Treasury Department may soon require the casino industry to report the source of gambling funds used by high rollers. Even though other high-end businesses have to abide by this law, this sent the corporate offices of casino operators in Vegas into a tizzy. There’s nothing anti-Vegas here. This is part of an effort by the Treasury Department’s Financial Crimes Enforcement Network to crack down on money laundering. This was brought up as a possibility in a panel at last year’s G2E (Global Gaming Expo), but it was brushed aside as it didn't seem to imminent.

    High limits baccarat is what helped keep gaming revenues high on the Vegas Strip during the recession and casino executives don’t want to disrupt that revenue stream. Despite their business acumen or financial success, many baccarat players are superstitious or private and don’t want their personal business looked at, whether their money is clean or not.

    Both Caesars Entertainment (Caesars Palace) and Las Vegas Sands (The Venetian) have been a part of money laundering cases recently and other casino operators may be under investigation.

    Expect changes in how casinos operate if the US Treasury moves forward with these disclosures. If casinos in Las Vegas lose some of their highest rollers, how will they replace them?

    Sentiment: Strong Buy

  • Reply to

    LVS Implications for MPEL: All good news

    by squeezetracker Jul 17, 2014 6:06 AM
    grftt grftt Jul 17, 2014 10:36 AM Flag

    Going forward and especially next year we are going to see significant wage increases for all Cotai operators, especially as dealers leave and are poached because the labor pool is so small.
    A friend of mine who works in HK, but goes Macau regularly with his wife is telling me that quite a few shops on the peninsular are closing.
    This is not due to poor business, it is because they just cannot get competent staff as they are all running for basically any job in the casino industry. The amount of people jumping ship from one casino to the other is crazy and most operators are putting in 6 and 12 month loyalty bonuses just to keep them.
    These casino wage bills will just get higher and we will probably here more comments on upcoming CC. Tam strives for diversity and non gambling activities in Macau but still has a strict quotas on overseas workers. I am sorry it 1.9% unemployment is too low for Macau's own good "can he not see this"
    One thing is we will not have any of those problems in Manila, they are beating down the doors to get a job at Manila COD.....Good Luck!

    Sentiment: Strong Buy

  • Reply to

    LRT line extended

    by grftt Jul 17, 2014 5:12 AM
    grftt grftt Jul 17, 2014 10:07 AM Flag

    Good point......just Asian way my friend.
    sometimes I get a little peed off with it here in Thailand with same thing. I throw a bit a money here and there and suddenly my paper work is found, I am first in line or problems go away. Obviously the benefits out number the negatives or I would just go live somewhere else in the world.
    People are getting executed in China for goverment corruption regulary now and also massive jail terms. Just depends who you are in favour with at the time. That's why when there is a leadership change every 10 years people over there get very nervous and reach for the ant- diahrea tablet lol

    Sentiment: Strong Buy

  • Reply to

    LRT line extended

    by grftt Jul 17, 2014 5:12 AM
    grftt grftt Jul 17, 2014 9:38 AM Flag

    Jerry
    As far as I know none of them have concrete official approval on gaming tables or qty, which is weired . Why doesn't Tam come out and say who is getting what instead of leaving all concessionaires hanging, it's ridiculous.

    Sentiment: Strong Buy

LVS
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