The Macau Metro Monitor, May 18, 2012




Macau Secretary for Economy and Finance Francis Tam says with the focus of the gaming industry shifting towards Cotai, this does not mean there are hotels and casinos that will withdraw from the Macau Peninsula.  Tam believes casino operators will still develop their business in the Macau Peninsula and seek for more development opportunity in Cotai.  Tam also said that the fact that Wynn Macau received approval for its Cotai project does not mean gaming will totally shift away from the peninsula, even though there is evidence, he says, that the gaming industry is gradually moving to Cotai.


The government is now working closely with the casino operators to study the move to remove slot machines parlors out of residential and non-business area after the introduction of administrative regulations.  In addition to the schedule of removing slot machines from residential areas, Tam believes once the related rules and regulations have been completed, it can be implemented prior to the change of the government in 2014.  There are only two slot machine parlors in residential areas: the SJM Yat Yuen Canidrome Slot Lounge in Fai Chi Kei and Mocha Marina Plaza parlour in Rua de Pequim.



Clark County District Court Judge Elizabeth Gonzalez has allowed Mr. Okada to amend his request for more WYNN documents.  Earlier, Okada’s attorneys had requested that WYNN turn over records related to, among other things, the company entertaining and spending money on Macau officials in connection with its acquisition of a casino license in 2002.


The judge set a for June 28 hearing date to decide which, if any, documents WYNN should produce for Okada.

Cartoon of the Day: Bulls Leading the People

Investors rejoiced as centrist Emmanuel Macron edged out far-right Marine Le Pen in France's election day voting. European equities were up as much as 4.7% on the news.

read more

McCullough: ‘This Crazy Stat Drives Stock Market Bears Nuts’

If you’re short the stock market today, and your boss asks why is the Nasdaq at an all-time high, here’s the only honest answer: So far, Nasdaq company earnings are up 46% year-over-year.

read more

Who's Right? The Stock Market or the Bond Market?

"As I see it, bonds look like they have further to fall, while stocks look tenuous at these levels," writes Peter Atwater, founder of Financial Insyghts.

read more

Poll of the Day: If You Could Have Lunch with One Fed Chair...

What do you think? Cast your vote. Let us know.

read more

Are Millennials Actually Lazy, Narcissists? An Interview with Neil Howe (Part 2)

An interview with Neil Howe on why Boomers and Xers get it all wrong.

read more

6 Charts: The French Election, Nasdaq All-Time Highs & An Earnings Scorecard

We've been telling investors for some time that global growth is picking up, get long stocks.

read more

Another French Revolution?

"Don't be complacent," writes Hedgeye Managing Director Neil Howe. "Tectonic shifts are underway in France. Is there the prospect of the new Sixth Republic? C'est vraiment possible."

read more

Cartoon of the Day: The Trend is Your Friend

"All of the key trending macro data suggests the U.S. economy is accelerating," Hedgeye CEO Keith McCullough says.

read more

A Sneak Peek At Hedgeye's 2017 GDP Estimates

Here's an inside look at our GDP estimates versus Wall Street consensus.

read more

Cartoon of the Day: Green Thumb

So far, 64 of 498 companies in the S&P 500 have reported aggregate sales and earnings growth of 6.1% and 16.8% respectively.

read more

Europe's Battles Against Apple, Google, Innovation & Jobs

"“I am very concerned the E.U. maintains a battle against the American giants while doing everything possible to sustain so-called national champions," writes economist Daniel Lacalle. "Attacking innovation doesn’t create jobs.”

read more

An Open Letter to Pandora Management...

"Please stop leaking information to the press," writes Hedgeye Internet & Media analyst Hesham Shaaban. "You are getting in your own way, and blowing up your shareholders in the process."

read more