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Thread: Macau: has the run come to an end?

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    Macau: has the run come to an end?

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    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 !
    'coz good old fashioned real random beats simulated random any day

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    'coz good old fashioned real random beats simulated random any day

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    September....the slide continues, and gathers pace...

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    'coz good old fashioned real random beats simulated random any day

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    November...

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    'coz good old fashioned real random beats simulated random any day

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    Interesting article on Beijing's anti corruption crackdown and its impact on Macau

    http://uk.reuters.com/article/2014/1...0JV2PK20141217

    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
    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.
    UnionPay has been a conduit for growing numbers of Chinese to illegally send billions of dollars abroad
    'coz good old fashioned real random beats simulated random any day

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    Yep, its a year on year decrease, following a massive drop in December!

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    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.
    'coz good old fashioned real random beats simulated random any day

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    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

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    'coz good old fashioned real random beats simulated random any day

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    more months, more red

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    'coz good old fashioned real random beats simulated random any day

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    Nov 2015 = worst month since Sept 2010
    'coz good old fashioned real random beats simulated random any day

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