MACAU CALL: FRIDAY, NOVEMBER 6 @ 11AM

11/04/15 03:09PM EST

We will host a conference call on Friday, November 6 at 11:00AM ET to present our view on the Macau stocks, a deeper analysis of the October numbers, our updated estimates for FY 2015/2016, and a comparitive analysis of the concessionaires' performance. As always, we will entertain questions at the end of the presentation.

RELEVANT TICKERS INCLUDE:

LVS, WYNN, MGM, MPEL, 0027.HK, 1128.HK, 1928.HK, 2282.HK, 6883.HK, and 0880.HK

DISCUSSION POINTS

  • End of "The Trade": Taking profits on our long trade call 
  • Hedgeye company EBITDA estimates vs the Street for 2015, and 2016
  • Revised 2015/2016 monthly market projections
  • "True" Mass trends
  • Macau Studio City implications
  • Relative bottom line performance:
    • EBITDA share analysis
    • Who is succeeding in driving the higher margin Direct VIP business
    • Cutting the fat - how much lower can fixed costs go?
    • Promotional spending analysis
  • Q&A

CALL DETAILS

Attendance on this call is limited. Ping  for more information

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