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mike650i
mike650i
Joined: Feb 23, 2012
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February 23rd, 2012 at 10:41:44 PM permalink
Given the prospects of a Chinese hard landing, the massive corruption in China, and the fact that the country is well...not a democracy by any stretch, I wonder if the chance for civil unrest/revolution are real.

And if that happens...what will happen to the profits of these Macau casinos that thrive off of the corrupt elite.
pacomartin
pacomartin
Joined: Jan 14, 2010
  • Threads: 648
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February 23rd, 2012 at 11:24:01 PM permalink
Quote: mike650i

Given the prospects of a Chinese hard landing, the massive corruption in China, and the fact that the country is well...not a democracy by any stretch, I wonder if the chance for civil unrest/revolution are real.

And if that happens...what will happen to the profits of these Macau casinos that thrive off of the corrupt elite.




Jan 13,937
Feb 13,445
Mar 13,569
Apr 14,186
May 17,075
Jun 13,642
Jul 16,310
Aug 15,773
Sept 15,302
Oct 18,869
Nov 17,354
Dec 18,883
Jan 18,571
Feb 19,863
Mar 20,087
Apr 20,507
May 24,306
Jun 20,792
Jul 24,212
Aug 24,769
Sept 21,244
Oct 26,851
Nov 23,058
Dec 23,608
Jan 25,040=$3.229 billion

January returns are up another +34.8% from the previous January. A new monthly record.

It's hard to imagine. But if like Vegas revenue went back four years that would mean massive riots in Macau.
AcesAndEights
AcesAndEights
Joined: Jan 5, 2012
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  • Posts: 3938
February 24th, 2012 at 1:13:58 PM permalink
So I've been looking for some stocks to invest in. I am by no means an expert on the subject, and my only experience in the stock market is my 12th grade economics class where we did a paper portfolio, my 401k which I have the choice to manager on my own, and buying an S&P500 index fund last year and selling it for some profit.

Anyway, I'm thinking that with the current state of the US (and World) economy, there should be some easy low-buys right now that will return a decent profit over the next year or so, more than just buying an index fund like I did before.

After reading this thread I am tempted to buy some LVS, WYNN, and even MGM due to the crazy growth in Macau. Am I crazy? I will probably also buy another S&P500 index fund over the same period, just to compare.

Of course, after reading this thread, I'm convinced that pacomartin is a secret agent for the Macau casino corporations, disseminating these figures all over the internet so people will invest :)
"So drink gamble eat f***, because one day you will be dust." -ontariodealer
buzzpaff
buzzpaff
Joined: Mar 8, 2011
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February 24th, 2012 at 1:26:24 PM permalink
" Of course, after reading this thread, I'm convinced that pacomartin is a secret agent for the Macau casino corporations, disseminating these figures all over the internet so people will invest :) "

I am still trying to figure out if Paco is a person or an internet search engine .
EvenBob
EvenBob
Joined: Jul 18, 2010
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February 24th, 2012 at 2:35:54 PM permalink
So the Sands Macau alone made 7.4 billion in 2011,
and all of the casinos in Vegas made 9.2 billion? WTF?
How is that even possible. What about the Wynn Macau?
"It's not enough to succeed, your friends must fail." Gore Vidal
AcesAndEights
AcesAndEights
Joined: Jan 5, 2012
  • Threads: 65
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February 24th, 2012 at 2:36:23 PM permalink
Quote: pacomartin

The insane levels of growth are not exactly a top secret. The news release from LVS was titled: Las Vegas Sands Corp. Reports Landmark Fourth Quarter and Full Year 2011 Results; Fourth Quarter Net Revenue Increases 26.3% to Record $2.54 Billion;

Sands cleared over a billion dollars from Macau casino operations only in just one quarter.
Venetian Macau $641.3 million
Sands Macau $311.9 million
Four Seasons Macau $183.7 million
Marina Bay Singapore $654.0 million
Las Vegas Operations $118.3 million
Pennsylvania Sands $97.9 million

Sands casino operations only
$2.007 billion last quarter
$7.437 billion for calendar year 2011

Compare that to the unrestricted licenses in all of Clark County (Vegas strip, Boulder strip, Vegas urban area, Laughlin, and Mesquite)
$2.351 billion last quarter
$9.223 billion for calendar year 2011

In only 1989 the Sands Casino was purchased by the owners of The Interface Group - Sheldon Adelson, Richard Katzeff, Ted Cutler, Irwin Chafetz, and Jordan Shapiro. On November 26, 1996 the Sands was exploded in a bold move.


Haha, dude, you do know you do kind of sound like a search engine?
"So drink gamble eat f***, because one day you will be dust." -ontariodealer
sunrise089
sunrise089
Joined: Jul 12, 2010
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February 24th, 2012 at 2:44:20 PM permalink
Paco, what's the one-sentence explanation for the Maccau profits? I assume it's MUCH higher average bets. I doesn't seem to be hotel or restaurant revenue, and considering the low number of slot machines I don't know if there can be that many more total players either...
EvenBob
EvenBob
Joined: Jul 18, 2010
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  • Posts: 19868
February 24th, 2012 at 2:48:19 PM permalink
Quote: sunrise089

Paco, what's the one-sentence explanation for the Maccau profits? ..



Degenerate Asian gamblers. As Laurie C. would say..
"It's not enough to succeed, your friends must fail." Gore Vidal
WongBo
WongBo
Joined: Feb 3, 2012
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February 24th, 2012 at 2:52:16 PM permalink
Delete
In a bet, there is a fool and a thief. - Proverb.
FleaStiff
FleaStiff
Joined: Oct 19, 2009
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February 24th, 2012 at 3:46:14 PM permalink
The People's Revolutionary Forces of Purity and Honor will become the new corrupt elite that drags all that currency to Macau and wagers it like there is no tomorrow for none but the corrupt elite know full well that there just may well be no tomorrow.

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