Mass was much worse than expected in October. November should not be this bad. What gives?
Please see our note: http://docs.hedgeye.com/HE_MACAU_METRICS_NOV2014.pdf
Takeaway: The important Macau metrics have worsened again recently. It feels like there is a missing variable and estimates need to go a lot lower
Mass was much worse than expected in October. November should not be this bad. What gives?
Please see our note: http://docs.hedgeye.com/HE_MACAU_METRICS_NOV2014.pdf