UnionPay allows a $million a day. It's not being shut down. Give it up.
Look at a longer chart. It's doing the same thing it did on three of the last four days.
Macau casinos are doing 3X the business the junkets are letting them book. Time to make the junkets put that in the casino's pocket.
Just to be clear, 265 in 12 months is a bit much. 250 in 20 months is more reasonable.
BTW, none of this affects mass market at all. The legal UnionPay limit is over a million dollars PER DAY, and the fake-domestic cash-terminal transactions will simply be replaced by pawnshop transactions.
Only the craziest of VIPs were betting over a million dollars a day. And they'll just shift back to the junkets.
Net result: $0.
When the casinos get into the junket rooms and start insisting the side-bets go on the books, the side bets will drop, but much of them will go onto the tables, and that's just good for the casinos.
Three posts in a row telling the same lies. Probably not a record, but certainly revealing about your integrity.
Junkets won't go anywhere. China already ran an operation against their collection practices two years ago. UnionPay's holes are plugged, but the legal system is still running at full speed. And the pawn shops can't be shut down without changing the law, which the Chinese won't do without opening a legit condiut.
China benefits from Macau, it's just trying to make sure it isn't cheated out of its benefit.
UnionPay and Junkets are going nowhere.
Your presumptions about the effect of corruption crackdowns are exactly backwards. All that's going to happen is all the side bets will be laid on the table. The players will lose a few % advantage against the government and the casinos will book increased revenues.
Sure. In the same way that the work that McDonald's does helps Carl's Jr. be a distant tenth in the fast-food business.
GF and Samsung are teaming up to make AMD irrelevant. That AMD just doesn't get it is testament to the amount of cement in AMD executives' heads.
Goldman confirms that China is supportive of Macau, summer traffic is predicted to be heavy, and the crackdown on illegal cash machines and changes to withdrawal limits won't have a significant effect on casino revenues.
Rated a Buy with a target of $265.
absolutely nothing about you or your post inspires credibility.
strong buy reiterated.
Hey douchey. You forgot to post your "proof" again. You also can't get one word into a post without lying. Keep smearing.
See the IBD article.
$90 billion. In addition to the $45 billion that's reported. China's efforts to lower the unreported number will elimniate some of it, but will inexorably shift a significant portion of it to reported flows.
So rather than harming casinos' bottom lines, China's crackdowns make them fatter.
Anyone claiming that Macau casino stocks are bloated because of illegal activity is doing the math wrong.
The only thing that was stopped is the use of illegally imported machines to pretend transactions were domestic.
Those players will simply get a junket to virtualize their domestic account as Maccanese credit. Or they'll just swipe on a legit machine. The number who run and hide will be miniscule.
This was no cause for casinos to lose share price. It was a huge cause for junket operator share prices to rise. Buy both.
Correction: 30-40%. I was thinking about numbers for the two towns, not the one company. The 10-Q just posted reminded me Wynn is a bigger deal in Vegas and restricted in Macau (until 2016, when Wynn Palace will open and double the company's economic footprint there overnight).
Douchey, you said you had proof. You lied. Nobody believed you then because it was obvious you were lying, you tried to pretend you weren't lying and that blew up in your face. Every one of your posts is a lie. You know nothing and you wouldn't tell the truth about it if you did. You are an incontrovertible douchebag.