Takeaway: Mass promotional pressures are intensifying on the Peninsula. Chairman David Chow thinks Galaxy/MSC will each get 150 additional tables.
Q & A
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In this excerpt from today's edition of RTA Live, Hedgeye CEO Keith McCullough responds to Jim Rickards’ commentary on illiquidity in U.S. Treasuries and reminds subscribers that there are liquidity issues in stocks, too.
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In this brief excerpt from The Macro Show, Hedgeye CEO Keith McCullough discusses what he heard during three days of meetings with top institutional investors in Chicago, New York, and Boston.
Takeaway: VIP distress
CALL TO ACTION
Overall, the gaming environment in Singapore remains challenging, particularly in the VIP segment. While MBS held up due in part to high hold, Q1 2015 was another bad quarter for Genting Singapore. Its RWS property lost market share in every gaming category. With no obvious catalysts for growth, Genting Singapore shareholders can only hope for value enhancing corporate activity. Periodic share repurchases are not enough.
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