Morgan Stanley adds, In the medium term, increase in hotel capacity (driving overnight visitors) and unclaimed lotto jackpots in south africa infrastructure improvement, along with yield compression will drive outperformance for the industry.
"Britney Spears?" a man traveling with McCain suggested.He's gotten old Kelli Ward told msnbc's Chuck Todd Thursday.Union calculates added US2.5 billion in Macaus VIP roll Saipan alone had US1.7 VIP roll in June would translate into revenue of US71 million, reducing Junes year on year gaming revenue decline.2.The interaction, captured on video, follows McCain's Arizona GOP primary opponent telling msnbc that the 79-year-old senator is too old to be re-elected for a sixth term in office.Pull out your green eyeshade, miners lamp and magnifying glass to find signs of Macaus stabilization and recovery in June and second quarter revenue reports.
Bernstein sees the figures pointing to greater liquidity in China that could fuel VIP growth.
(Photo credit: AP Photo/Kin Cheung).
Wells Fargo senior analyst Cameron McKnight, with associate analysts Daniel Adam and Robert Shore, while acknowledging the big beat in credit expansion for June, say growth has ticked back from highs early this year, concluding, We dont think the government is turning the stimulus tap.
The bank also highlights a growing divergence among Macau operators share prices a departure from the sectors customary lockstep behavior.
Morgan Stanley analysts Praveen Choudhary, Alex Poon and Thomas Allen estimate phone betting, banned from May 9, generated 8-10 of VIP revenue.
Previewing casino concessionaires corporate earnings, Morgan Stanley labels Q2 2016 Macaus worst quarter in the last five years, with the six licensees combined Ebitda expected to fall 3 year on year and 6 quarter on quarter.(September and November round out the bottom three, bracketing Octobers mainland China National Day holiday period.) Last months gaming revenue was 14 below that of May, two percentage points worse than the historic average 12 decline, Wells Fargo Securities reports.No one, however, has released a timetable for that medium terms arrival.Parsing the second quarter numbers, VIP revenue declined 12 quarter on quarter and 16 year on year.Bernstein adjusts the number to account for reclassification of tables to thwart the smoking ban on main gaming floors and other reporting shifts by operators, to conclude that VIP revenue fell 22 year on year and comprised just 44 of total revenue, down from its.Stop me when youre had enough optimism.
The reporter then asked whether McCain would see Spears' residency show, "Britney: Piece of Me at The axis at Planet Hollywood Resort Casino in Las Vegas.