The stock is down over 21% since 4/9. Based on all the other casino stocks expect another 5 - 10% decline tomorrow when they miss and they will miss. The positive is the same as the negative, the opening of the new casino. The positive is the open and at least the expected number of tables. The negative, the open with below or no gaming tables. Macau is going to shoot themselves in the foot with all their constraints, ie smoking bans, table allocations, reduced number of tourists. In a perverse way I hope they adopt everything and everyone stops going and the country plunges into a depression. Bottom line, don't buy here but wait till that decision is made. Keeping my shares as they are well under water but miracles do happen.
Only issue I heard was the length of the studies, not looking for anything until the earliest 2017 for possible approval. Cash on hand to cover +20 months and any milestone payments will extend that and there will be some.
Placed an order to buy at 5.50, watched it drop to 5.51 expecting to buy and it went up and never covered.