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It looks like VIP volume has improved in the last four days as World Cup betting came to a close. 

Macau is at a potential inflection point given 1) the beginning of tough monthly comparisons, 2) the slowing China economy and steep drop in the stock market there, and 3) the end of the World Cup.  We are hoping for some clarity on what was actually responsible for the early July slowdown.  If it was just the World Cup, then that would obviously be a positive.  We should be getting mid-month figures by the end of the week for your consumption.  We apologize for focusing on the short term but these are volatile stocks, after all, where upside/downside price target durations are measured in weeks not years.