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Wynn Resorts Ltd. Message Board

nameofthegame777 4 posts  |  Last Activity: Nov 3, 2015 11:44 AM Member since: Apr 13, 2011
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  • Are Macau’s darkest hours over?

    Macau gaming specialist Union Gaming said Macau’s transit visa scheme is set to “undergo a significant positive shift at year end.” Being the only Macau-based gaming research shop, Union Gaming is a more authoritative voice in the investment community.

    According to analyst Grant Govertsen, under the new scheme, the Macau government is likely to allow a Chinese citizen entering Macau using a transit visa to stay for up to 14 days from 7 days previously, and 7 days from 2 days previously if they are entering Macau for a second time in the same month. Serious Chinese gamblers have used transit visas in the past to enter Macau because they are easier to get than tourist visas.

    Govertsen sees the VIP gaming segment to benefit the most from this visa restriction:

    Interestingly, we believe the greatest beneficiaries of a relaxed transit visa scheme are those persons who facilitate VIP gambling (junket agents) and to a lesser extent premium mass players themselves. We believe it was junket agents who were the hardest hit when the transit visa restrictions were put in place in July 2014 as agents would generally want to spend as much time in Macau as possible as they want to escort their customers (the gambler) for the duration of the customer’s trip. Further, as we’ve spoken with casino operators over the past year and a half, they have indicated that some of their premium mass players had been negatively impacted by transit visa restrictions.

  • nameofthegame777 nameofthegame777 Sep 15, 2015 9:59 PM Flag

    As previously indicated I post under both sawyerforyou and nameofthegame777

  • nameofthegame777 nameofthegame777 Sep 15, 2015 9:56 PM Flag

    "On the sidelines with WYNN, but looking to buy very soon in 63-65 target range +/- 2 points.
    Will be buying shares as well as long call kickers."

    Yesterday WYNN hit within the high side of my buy target range of 63- 65 +/-2pts at 66.72
    I entered 50% of my long shares position between $67.10 - 67.25 with a 25% long call kicker position.
    I will be adding to both long shares and long call position as market conditions warrant

    1st simply upside target 77 - 80
    2nd upside target of 92 - 100 no later than mid November

  • 27/08/2015

    Banco Nacional Ultramarino (BNU) and UnionPay yesterday launched a Triple Currency Credit Card, in which spending in Macau, Hong Kong and Mainland China is settled in MOP, HKD and CNY, respectively. The launch ceremony took place in Grand Lisboa Hotel attended by the Executive Director of BNU, Ronald Kan, and the General Manager from UnionPay International Hong Kong, Carlson Li.

    According to the Macanese bank and credit card organisation, the product launched yesterday is the only ‘triple currency’ credit card in Macau.

    “We believe that this card will be very popular because Macau is closely connected to Hong Kong and Mainland China. We believe this card will be very popular because of the settlement in these three different places in their original currencies, where there are no exchange risks and customers do not need to worry about exchange losses, especially during the fluctuations of the currencies”, Mr. Kam, the Executive Director of BNU, explained.

    This new service will be available in three variants - Platinum, Gold and Classic UnionPay. While using this card, foreign transaction fees on spending in all other overseas countries, excluding Mainland China and the Hong Kong Special Administrative Region, are waived. This will allow customers to save around 1.95 per cent of the amount of their spending overseas, which is usually the rate charged.

61.05-1.20(-1.93%)Nov 27 1:00 PMEST