THE M3: AUGUST GGR UP 40% YOY; HOTELS; TRANSPORT HUB; TAIWAN VISA; CHINESE TOURISTS TO JAPAN

The Macau Metro Monitor, September 1st 2010

 

 

MONTHLY GROSS REVENUE FROM GAMES OF FORTUNE DICJ

Macau’s casino gross gaming revenue reached MOP15.773 billion (~US$1.97 billion) in August, up 40% YoY.



SUMMER HOTEL OCCUPANCY UP TO 85%  Macau Daily News

In August, Macau hotel occupancy reached as high as 85% and room rates were up 15-20% YoY.  Industry experts believe a variety of festivals and events later this year including Mid-Autumn Festival and National Day of Golden Week may keep occupancy around 85%.  Meanwhile, there is a labor shortage in the hospitality industry as many hotels employees were put on extra shifts to meet the growing demand.

 

FIRST TRANSPORT HUB OPERATIONAL IN 2014 Intelligence Macau, Macau Daily Times

In 2014, Macau will open its first integrated transport hub comprising of bus stops, taxi, light rail stations, parking space and pedestrian system.  The hub will be constructed in front of the Jockey Club in Estrada Governador Albano de Oliveira, Taipa.  The SAR Government is planning to spend around MOP 900 million in order to create a “safe and convenient environment” for locals and tourists to change from one transport mode to another.  IM believes the hub's location would benefit Galaxy Macau.

 

TAIWAN EASES HONG KONG AND MACAU VISA PROCESS The China Post, SCMP

HK and Macau residents can apply for a visa to Taiwan for free via the Internet starting today, the National Immigration Agency said.  Previously, HK passport holders could either apply for a Taiwan visa on the immigration agency's website and collect it at the airport before boarding, or obtain a 30-day visa on arrival for HK$75.  To be eligible for the visa, travellers must be Hong Kong- or Macau-born or have visited Taiwan before. The visa will be valid for 90 days, with a maximum stay of 30 days.

 

CHINESE TOURISTS FLOCKING TO JAPAN IN RECORD NUMBERS SINCE VISA RESTRICTIONS RELAXED The Yomiuri Shimbun

A spike in the number of Chinese tourists due to relaxed visa restrictions helped push up the total number of travelers to Japan in July by 39% YoY to a record 880,000.  There were 170,000 visitors from China--2.4 times more than the same month last year.


Cartoon of the Day: Crash Test Bear

In the past six months, U.S. stock indices are up between +12% and +18%.

read more

GOLD: A Deep Dive on What’s Next with a Top Commodities Strategist

“If you saved in gold over the past 20 to 25 years rather than any currency anywhere in the world, gold has outperformed all these currencies,” says Stefan Wieler, Vice President of Goldmoney in this edition of Real Conversations.

read more

Exact Sciences Up +24% This Week... What's Next? | $EXAS

We remain long Exact Sciences in the Hedgeye Healthcare Position Monitor.

read more

Inside the Atlanta Fed's Flawed GDP Tracker

"The Atlanta Fed’s GDPNowcast model, while useful at amalgamating investor consensus on one singular GDP estimate for any given quarter, is certainly not the end-all-be-all of forecasting U.S. GDP," writes Hedgeye Senior Macro analyst Darius Dale.

read more

Cartoon of the Day: Acrophobia

"Most people who are making a ton of money right now are focused on growth companies seeing accelerations," Hedgeye CEO Keith McCullough wrote in today's Early Look. "That’s what happens in Quad 1."

read more

People's Bank of China Spins China’s Bad-Loan Data

PBoC Deputy Governor Yi says China's non-performing loan problem has “pretty much stabilized." "Yi is spinning. China’s bad-debt problem remains serious," write Benn Steil and Emma Smith, Council on Foreign Relations.

read more

UnderArmour: 'I Am Much More Bearish Than I Was 3 Hours Ago'

“The consumer has a short memory.” Yes, Plank actually said this," writes Hedgeye Retail analyst Brian McGough. "Last time I heard such arrogance was Ron Johnson."

read more

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