No matter which way you slice it, these numbers are an abomination. Sure, they’re not as bad as last year’s -39% dread filled collapse. Moreover, these numbers are mild in comparison to 2014’s -34%. But to see this occur again and again without respite is demoralizing.
Macau Gaming Inspection and Coordination Bureau reported March gross gaming rev (GGR) -16.3% YoY to 17.98 bln patacas ($2.25 bln) vs. -39.4% in March 2015 and -0.1% last month. GGR is down 13.3% YTD. Gross gaming rev peaked in 2014 and fell 34.3% in 2015 after the Chinese govt cracked down on money laundering in the VIP segment of the gaming market. Estimates call for a low double digit decline this year. Macau stocks have surged off the lows this year after WYNN/LVS discussed sequential improvement on their Q4 conference calls.
Shares of WYNN and LVS are set to trade lower. In my opinion, the gaming sector should get poleaxed.
Ironbird, I skimmed over your comments to see if any of them made sense to me. I do have a question. Who are “those people” who you think Sanders supports? Immigrants? He is not for open borders. He believes that immigration to the U.S. must be restricted to protect the jobs of our citizens. Bernie has more in common with Trump than you think.
I guess I will just have to accept the fact that you need to believe that liberal is the same thing as socialist, and that socialist is the same thing as Communist. I guess these beliefs must make life seem easier and simpler. But if you want to, you can look up definitions on line, you know.
I think it is better if everyone prefers the candidate we prefer, and thinks what we think and then discusses it and learns from one another whatever we can learn. You can’t force anyone to agree with you. Someone can put a gun to someone’s head and force them to lie and say they agree. But that is terrorist stuff, not free world stuff.
I know that some Republicans have this thing about making people foreign. Obama seems foreign to them because he’s half black. But he is as white as he is black, 50/50.
I’m a U.S. citizen who lives on the West Coast. I know that East coasters and West coasters are supposedly not “real Americans” according to Sarah Palin and some other GOPers. This seems rather ridiculous to me, however.