THE M3: MACAU GROSS GAMING RECEIPTS

The Macau Metro Monitor.  January 5th, 2009



2009 CASINO REVENUES HIT RECORD US$ 14.875 BILLION

Macau’s gaming industry logged gross gaming receipts of US$ 14.875 billion (MOP 119 billion) in 2009, according to an article in the Macau Post Daily.  The revenues represent an increase of 9.4% on the previous year’s total of US$ 13.6 billion (MOP 108.8 billion), which was 31% higher than the 2007 total.  Last month’s casino receipts amounted to US$ 1.4 billion (MOP 11.3 billion), an increase of 47.6% compared to December of 2008.  Month-over-month, revenues were up 50% in December.


The relatively low annual increase has been attributed to the impact of the global economic downturn as well as visa restrictions enforced on mainlanders by the central government.  According to the unnamed source in the Macau Post Daily’s report, SJM has remained the top market share holder with 30% of revenues.  LVS came in second at 23% with WYNN at 15%, MPEL at 12%, and Galaxy and MGM at approximately 11% and 9%, respectively.

 

 

CASINO STOCK SOAR ON STRONG MACAU GAMBLING REVENUES Reuters

Shares of Macau casino operators rose on Tuesday on reports that gambling revenues in the enclave in December rose 48 percent from a year earlier, signalling sustained growth in the world's largest gambling market.

 

 

NO MORE H1N1 PATIENTS IN HOSPITAL macau daily Times

There are no influenza A (H1N1) patients in Macau hospitals, the Health Bureau reported yesterday. While the Government is urging residents to receive the flu vaccination, up to 65,000 citizens already have had the jab.  The warning of pandemic influenza provided by the World Health Organization (WHO) remains at level 6 – moderate. Currently, the alert level issued in Macau is also 6 (blue), and the risk of transmission is moderate.  As of yesterday afternoon, no new confirmed cases of people suffering H1N1 and needing hospitalization were reported. The last confirmed patients hospitalized reported by the Government have been discharged, and no new patients have been hospitalized.


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

A 'Toxic Cocktail' Brewing for A Best Idea Short

The first quarter earnings pre-announcement today is not the end of the story for Mednax (MD). Rising labor costs and slowing volume is a toxic cocktail...

read more

Energy Stocks: Time to Buy? Here's What You Need to Know

If you're heavily-invested in Energy stocks it's been a heck of a year. Energy is the worst-performing sector in the S&P 500 year-to-date and value investors are now hunting for bargains in the oil patch. Before you buy, here's what you need to know.

read more

McCullough: ‘My 1-Minute Summary of My Institutional Meetings in NYC Yesterday’

What are even some of the smartest investors in the world missing right now?

read more

Cartoon of the Day: Political Portfolio Positioning

Leave your politics out of your portfolio.

read more

Jim Rickards Answers the Hedgeye 21

Bestselling author Jim Rickards says if he could be any animal he’d be a T-Rex. He also loves bonds and hates equities. Check out all of his answers to the Hedgeye 21.

read more

Amazon's New 'Big Idea': Ignore It At Your Own Peril

"We all see another ‘big idea’ out of Amazon (or the press making one up) just about every day," writes Retail Sector Head Brian McGough. "But whatever you do, DON’T ignore this one!"

read more