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Attachment 2694
You won't find any other red ink in the Variance column going back 5 years. Has the great casino gambling boom in Macau reached a tipping point?
The YES arguments...
- Had to end sometime
- China corruption/junket crackdown gathering pace
- China VISA restrictions biting
- China credit, general economic slowdown starting to be felt
The no arguments...
- World Cup one-off impact, August will be back
- Anomaly
Interesting to see what August reveals !
and the slide continues...
https://www.livedealer.org/blog/2014...inue-to-slide/
September....the slide continues, and gathers pace...
Attachment 2759
November...
Attachment 2948
Interesting article on Beijing's anti corruption crackdown and its impact on Macau
http://uk.reuters.com/article/2014/1...0JV2PK20141217
Quote:
Xi's pervasive anti-graft campaign contributed to a disastrous year for major casino companies, which have lost a combined $US58 billion ($71 billion) in market value over the past six months as VIPs stayed away
Quote:
China extended a crackdown on illicit money transfers into Macau, giving its Economic Crimes Investigation Bureau access to transactions made through the state-backed UnionPay credit card, the South China Morning Post reported on Wednesday.
Quote:
UnionPay has been a conduit for growing numbers of Chinese to illegally send billions of dollars abroad
Yep, its a year on year decrease, following a massive drop in December!
Attachment 3013
The share market doesn't seem to confident there'll be a turn around any time soon either.
During the 12 months ending 31 December 2014, the combined market cap Macau's 6 casino stocks fell $HK574 billion, from $HK1433 billion to $HK859. That's a 40% fall.
June 2015 ... 36% down on same month last year, and lowest GGR figure for 5 years.
The wild ride on Chinese stock markets in recent weeks won't help July be the turnaround month
Attachment 3285
more months, more red
Attachment 3435
Attachment 3523
Nov 2015 = worst month since Sept 2010