THE M3: WYNN MACAU; UPDATED S'PORE CNY #S

The Macau Metro Monitor, February 8, 2011

 

WYNN STOCK TAKES UNFATHOMABLE HIT Intelligence Macau

IM disagrees with Credit Suisse's report that given Four Season's poor results, recent volatility in the local VIP gaming sector has also hurt Wynn Macau.  IM makes the distinction between volatility of volumes and volatility of hold.  In contrast to FS,  Wynn Macau has less exposure to direct VIP play and much greater overall VIP volume; thus, volatility at Wynn Macau should be more stable.  In addition, IM mentions that the ongoing tightening of the Chinese bank lending quotas will affect every operator, not only VIP-focused Wynn Macau.

 

BUNNY GREETS IRs WITH A MILLION VISITS AND MORE Business Times

At Marina Bay Sands, some 885,000 visitors - locals and tourists - celebrated CNY from Feb 3 through Feb 6 at its posh premises.  MBS casino visitation was not disclosed.  RWS sited an overall 150,000 visitation number for the first two days of CNY, which includes casino visitors.


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7 Tweets Summing Up What You Need to Know About Today's GDP Report

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Cartoon of the Day: Crash Test Bear

In the past six months, U.S. stock indices are up between +12% and +18%.

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GOLD: A Deep Dive on What’s Next with a Top Commodities Strategist

“If you saved in gold over the past 20 to 25 years rather than any currency anywhere in the world, gold has outperformed all these currencies,” says Stefan Wieler, Vice President of Goldmoney in this edition of Real Conversations.

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We remain long Exact Sciences in the Hedgeye Healthcare Position Monitor.

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Inside the Atlanta Fed's Flawed GDP Tracker

"The Atlanta Fed’s GDPNowcast model, while useful at amalgamating investor consensus on one singular GDP estimate for any given quarter, is certainly not the end-all-be-all of forecasting U.S. GDP," writes Hedgeye Senior Macro analyst Darius Dale.

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People's Bank of China Spins China’s Bad-Loan Data

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UnderArmour: 'I Am Much More Bearish Than I Was 3 Hours Ago'

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Todd Jordan on Las Vegas Sands Earnings

"The quarter actually beat lowered expectations. Overall, the mass segment performed well although base mass lagging is a concern," writes Hedgeye Gaming, Lodging & Leisure analyst Todd Jordan on Las Vegas Sands.

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An Update on Defense Spending by Lt. Gen Emo Gardner

"Congress' FY17 omnibus appropriation will fully fund the Pentagon's original budget request plus $15B of its $30B supplemental request," writes Hedgeye Potomac Defense Policy analyst Lt. Gen Emerson "Emo" Gardner USMC Ret.

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