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only1choice
only1choice
Joined: Jul 8, 2010
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June 8th, 2012 at 3:40:14 AM permalink
Could it finally really be slowing down?


http://www.businessweek.com/articles/2012-06-05/macau-feels-the-pinch-of-chinas-slowdown
IF YOU PLAY "PLAY TO WIN"
pacomartin
pacomartin
Joined: Jan 14, 2010
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July 4th, 2012 at 4:20:11 AM permalink
Quote: only1choice

Could it finally really be slowing down?



The record revenue set in October 2011 of 26,851 MOP million has held up for the 9th month as June revenue was posted at 23,334 .

The first 6 months of 2012 is still +19.8% up over the first 6 months of 2011.

You really can't call that slow growth, but with 2011 +42.2% over 2010, and 2010 +57.8% over 2009 it just seems slow by comparison.
FleaStiff
FleaStiff
Joined: Oct 19, 2009
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July 18th, 2012 at 11:39:53 PM permalink
Six triad members armed with sticks beat major Whale-Broker inside restaurant at his own casino.

Some disadvantages of the money being out of control is that so are the people.

NYTimes.
rxwine
rxwine
Joined: Feb 28, 2010
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July 19th, 2012 at 12:38:35 AM permalink
Quote:

when the city’s casinos were still under the four-decade monopoly of the gambling magnate Stanley Ho — triad murders, bombings and other attacks were so common that a senior police official once tried to reassure tourists by announcing that Macau had “professional killers who don’t miss their targets.”



Ah yes, reassuring.

The New Yorker recently had a long piece that didn't make Macau sound too distant from that era.
Quasimodo? Does that name ring a bell?
pacomartin
pacomartin
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July 19th, 2012 at 1:53:57 AM permalink
Quote: rxwine

Ah yes, reassuring.

The New Yorker recently had a long piece that didn't make Macau sound too distant from that era.



The comment about “professional killers who don’t miss their targets” is a little reassuring. My greatest fear in Tijuana was not being shot because I was an American, it was wondering into a nice little place which was frequented by common targets of the cartels. Unfortunately the cartels sometimes put out a bounty, and some amateur would walk into a place and spray it with bullets. Along with the target, they would take out the waitress, the short order cook, and possibly some American tourist looking for a good torta.
pacomartin
pacomartin
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July 19th, 2012 at 2:34:22 AM permalink
The high speed rail link from Beijing is supposed to be completed by November of this year. Even though the trip is roughly 1400 miles, the trains will move in excess of 200 mph. In the USA such a trip by air would take less than 3 hours in the jet, but on top of that you would add in time for transport from the airports, and security time, plus more waiting time. The train time will end up in the same general range and cost less.

Macau revenue should begin ratcheting up as soon as next month when the first 500 miles of train are added to the mix.

Beijing–Shijiazhuang 281 km operational November 2012
Shijiazhuang–Wuhan 838 km operational August 2012
Wuhan–Guangzhou 968 km completed
Guangzhou–Hong Kong 116 km completed

At some point the majority of people in China will be able to get to Macau in 8 hours or less by rail, with nearly everyone being able to get there in 16 hours.
pacomartin
pacomartin
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August 1st, 2012 at 4:22:25 AM permalink
Macau revenue growth is officially no longer "out of control". Today's announcement is that month over month growth in revenue is a mere 1.5%.
Median increase has been 42.4% since January 2010.

There will probably be another shock wave in the market today and tomorrow.

Jul-12 1.5%
Jun-12 12.2%
May-12 7.3%
Apr-12 21.9%
Mar-12 24.4%
Feb-12 22.3%
Jan-12 34.8%
Dec-11 25.0%
Nov-11 32.9%
Oct-11 42.3%
Sep-11 38.8%
Aug-11 57.0%
Jul-11 48.4%
Jun-11 52.4%
May-11 42.4%
Apr-11 44.6%
Mar-11 48.0%
Feb-11 47.7%
Jan-11 33.2%
Dec-10 66.4%
Nov-10 42.1%
Oct-10 49.8%
Sep-10 39.8%
Aug-10 40.0%
Jul-10 70.4%
Jun-10 65.0%
May-10 94.1%
Apr-10 70.1%
Mar-10 42.4%
Feb-10 69.9%
Jan-10 62.5%
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FleaStiff
FleaStiff
Joined: Oct 19, 2009
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August 1st, 2012 at 6:29:27 AM permalink
The growth rate has been "agreed to"? That sounds like even more criminal control than Vegas ever had.
pacomartin
pacomartin
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September 1st, 2012 at 8:58:27 PM permalink
When the numbers are released next week, Macau may have it's first negative growth for monthly year over year since they opened up to foreign casinos. Last month Macau grew a mere 1.5% from the same month the previous year.

No reports of any slowdown in construction.

Website Macau Revenue
pacomartin
pacomartin
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September 3rd, 2012 at 10:35:48 AM permalink
Growth rate remained positive, but it has been slow for the last four months (relative to 20%-40% of before).

Tomorrow, we will see if the stock price reacted.
Aug-12 5.5%
Jul-12 1.5%
Jun-12 12.2%
May-12 7.3%

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