THE M3: NEW MONTHLY GGR RECORD; HO SISTER BRAWL; CHINA PROPERTY PRICES; LANDMARK MGMT

The Macau Metro Monitor, April 1, 2011

 

MONTHLY GROSS REVENUE FROM GAMES OF FORTUNE DICJ

March GGR was MOP20.09BN (HK$19.5BN, US$2.5BN), up 48% YoY.


BRAWL BETWEEN STANLEY HO AND SISTER GOES ON macaubusiness.com

The brawl between Stanley Ho and his sister Winnie Ho Yuen Ki continued as Ms Ho’s representatives were once again barred from attending STDM's annual general meeting.  The two has been in a dispute with Ms. Ho accusing her brother of trying to oust her as a shareholder, after the shareholder registry book of the company was allegedly lost in 2001.


Ms Ho’s representatives said they were also denied access to STDM documents and are now considering to go to the courts again. They allege that STDM has not been paying Ms Ho its part of the company’s annual dividend.  SJM had approved a total dividend of HK$2.8 billion.

 

CHINA MARCH RESIDENTIAL PROPERTY PRICES UP 0.59% VS FEBRUARY WSJ

According to China Real Estate Index System, residential property prices in 100 major cities in China rose 0.59% MoM in March, faster than February's 0.48% sequential change.

 

LANDMARK MANAGEMENT GETS HK$1.8 BILLION IN LOAN Macau Daily News

New Macau Landmark gets loan to revamp the Landmark Macau and invest in Macau Fisherman’s Wharf. The project includes turning the Landmark Macau into a characteristic hotel that brings in new elements to tourism, gaming entertainment, hotel and retail industries in the area.



Cartoon of the Day: Acrophobia

"Most people who are making a ton of money right now are focused on growth companies seeing accelerations," Hedgeye CEO Keith McCullough wrote in today's Early Look. "That’s what happens in Quad 1."

read more

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

PBoC Deputy Governor Yi says China's non-performing loan problem has “pretty much stabilized." "Yi is spinning. China’s bad-debt problem remains serious," write Benn Steil and Emma Smith, Council on Foreign Relations.

read more

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

“The consumer has a short memory.” Yes, Plank actually said this," writes Hedgeye Retail analyst Brian McGough. "Last time I heard such arrogance was Ron Johnson."

read more

Buffalo Wild Wings: Complacency & Lack of Leadership (by Howard Penney)

"Buffalo Wild Wings has been plagued by complacency and a continued lack of adequate leadership," writes Hedgeye Restaurants analyst Howard Penney.

read more

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.

read more

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.

read more

Got Process? Zero Hedge Sells Fear, Not Truth

Fear sells. Always has. Look no further than Zero Hedge.

read more

REPLAY: Review of $EXAS Earnings Call (A Hedgeye Best Idea Long)

Our Healthcare Team made a monster call to be long EXAS - hear their updated thoughts.

read more

Capital Brief: 5 Things to Watch Right Now In Washington

Here's a quick look at some key issues investors should keep an eye on from Hedgeye's JT Taylor and our team of Washington Policy analysts in D.C.

read more

Premium insight

[UNLOCKED] Today's Daily Trading Ranges

“If I could only have one thing of the many things we have it would be my daily ranges." Hedgeye CEO Keith McCullough said recently.

read more

We'll Say It Again: Leave Your Politics Out of Your Portfolio

If your politics dictates your portfolio positioning, the Democrats and #NeverTrump crowd out there have had a hell of a week.

read more