THE M3: STARWORLD AND MACAU REAL ESTATE

The Macau Metro Monitor. November 20th, 2009.

 


STARWORLD VIP ROOM TO CHANGE HANDS destination-macau.com

A press release from Asia Properties Inc., a Nevada-registered company listed on the Over-The-Counter exchange in the US, has revealed that an agreement has been reached for them to buy a majority share in the “casino VIP club” from Sing Hou.  DM had thought that these VIP rooms were operated by one of Macau six concessionaires and that gaming promoters, licensed by the DICJ, were remunerated by the concessionaires for bringing in customers. 

 

There is obviously a host of regulatory questions surrounding the ownership of a VIP room in Macau by a listed company that is not licensed as a gaming operator in either Nevada or Macau.  While some VIP rooms in Macau operate “cages” within their rooms, so the concessionaire does not know who it is that is playing, regulators have not yet acted.  DM wonders if a US-listed VIP room operator might be treated differently. 

 

 

 

REAL ESTATE AND CONSTRUCTION ON THE RISE AGAIN macaudailytimes.com.mo

After a slow second quarter, the real estate market seems to be back on track with sale and purchase results from the third quarter this year rising considerably.  According to information released by the Statistics and Census Service, 5,345 building units were purchased and sold at MOP8.98 billion in the third quarter – up by 44% and 96.3% sequentially quarter-over-quarter.  The majority, 3,681, were residential units amounting to MOP7.66 billion – up by 61.7% and 103.5% quarter-over-quarter. 


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

Cartoon of the Day: 'Biggest Tax Cut Ever'

President Donald Trump's economic team unveiled what he called last week, "the biggest tax cut we’ve ever had.” Before you get too excited about that hang on a sec. "Trump Tax Reform ain’t gettin’ done anytime soon," Hedgeye CEO Keith McCullough wrote in today's Early Look.

read more

Neurofinance: The Psychology Behind When To Sell A Bull Market

"Most momentum investors stay invested too long, under-reacting and holding tight after truly bad news finally arrives to break the trend," writes MarketPsych's Richard Peterson.

read more

Energy Stocks: Time to Buy the Dip? | $XLE

What the heck is happening in the Energy sector (XLE)? Energy stocks have trailed the S&P 500 by a whopping 15% in 2017. Before you buy the dip, here's what you need to know.

read more

Cartoon of the Day: Hard-Headed Bears

How's this for "hard data"? So far, 107 of 497 S&P 500 companies have reported aggregate sales and earnings growth of 4.4% and 13.2% respectively.

read more