October 15, 2008
THE CASINO COMPANIES WITH PROPERTIES IN MACAU CAN REST A BIT EASIER
Analysis of:
MACAU UP, BUT STRIP WEAK - WYNN RESORTS | www.lvrj.com
This analysis is solely the work of the author. It has not been edited or endorsed by GLG.
Implications: Will the play in Macau continue to give a big boost to American based companies? I am sure, that as the market starts to recoup you will find added interest in this area of intense gaming. I can't think of another place that creates as much dollars invested by players on a regular basis. It's what is keeping some of the top gaming companies looking better than expected during the business and economic drop.
Analysis: Wynn Resorts is one of the major players in the Gaming Industry. They have prospered during this business bust mainly because of their cash flow from Macau. It's has been a solid source of keeping many companies afloat during this ugly economic period. We have been over this trail before and keep coming up with the same answers - some major gaming companies would not look as strong as they are without the cash cow in China. Don't get me wrong, it's outstanding that Wynn, Sands and MGM has invested into this arena and came out on the right side of the coin. Without out this investment they would certainly look a lot worse for ware during this sad turn in our economic situation.
I, as all, hope that the fix may be in, and we can look toward an upturn in the Market, housing, loans, construction and jobs. Regardless of how we place the blame, we need to address the problems that got us here. I hope our government has finally gotten to a point to know what is on the taxpayers mind to fix what is definitely broken. Hope it works. No doubt the gaming industry will survive as they have always done in past recessionary periods. It's a matter of time and some wise decision making..........
Analysis: Wynn Resorts is one of the major players in the Gaming Industry. They have prospered during this business bust mainly because of their cash flow from Macau. It's has been a solid source of keeping many companies afloat during this ugly economic period. We have been over this trail before and keep coming up with the same answers - some major gaming companies would not look as strong as they are without the cash cow in China. Don't get me wrong, it's outstanding that Wynn, Sands and MGM has invested into this arena and came out on the right side of the coin. Without out this investment they would certainly look a lot worse for ware during this sad turn in our economic situation.
I, as all, hope that the fix may be in, and we can look toward an upturn in the Market, housing, loans, construction and jobs. Regardless of how we place the blame, we need to address the problems that got us here. I hope our government has finally gotten to a point to know what is on the taxpayers mind to fix what is definitely broken. Hope it works. No doubt the gaming industry will survive as they have always done in past recessionary periods. It's a matter of time and some wise decision making..........
Report a Concern
More GLG News in
Consumer Goods & Services
Most Popular:
Source Article | Expert Analyses
What’s Not Selling at Saks
blogs.wsj.com
In Rare Move, Luxury-Goods Makers Trim Their Prices in U.S.
online.wsj.com
If Detroit Fails, Foreign Makers Could Be Buffer
www.nytimes.com
Democrats Plot Detroit Rescue
online.wsj.com
Expedia shuffles executives, brands
www.bizjournals.com
Luxury Retailers may be a solid long term play
November 19, 2008
To Survive, Saks Needs To Respond To Market Challenges
November 19, 2008
Survival For Saks Is Daunting
November 19, 2008
Price Deflation On Luxury Brands Like LVMH, Burberry And Gucci Will Likely Pressure Aspirational Brands Like Coach (COH).
November 18, 2008
Circuit City Retrenchment delaying the inevitable
November 10, 2008

