2009/01/08 Sands: Macau VIP gaming market bubble has burst quoting

2009/01/08 Sands: Macau VIP gaming market bubble has burst quoting "Bloomberg", William Weidner, president of Las Vegas Sands, Macau VIP gaming market bubble has burst, is expected to fall sharply, due to the global economic recession hit exports from the Mainland , so that the operator failed to recover the ring mud code borrowing from mainland businessmen. He also said that, too lean Lounge will make the performance fluctuations, Sands will focus on the development of the mass market, in order to offset the effect. BEIJING, Jan. 7, according to the Macao Daily News reported that JP Morgan issued a report that, despite the Macau gaming fire retardant foam revenues in 2008 hit a record growth of 31 percent compared to last year, but the growth momentum could end. Message does not affect the Ho gambling stocks listed in Hong Kong, Macau gambling licenses fire retardant foam held by the United States plus gaming company stock surged on Monday, stimulating a public Ho gambling stocks continue to do well, with the largest increase in Galaxy Entertainment, rose 7.634 percent, to close at HK $ 1.41. JP Morgan Chase and a report: Macau gaming revenue growth or end JP believe, I believe the expected relaxation of travel restrictions has basically reflected in the underlying shares, the proposed short-term investors locked in profits. And pointed out that with the Australian gaming-related stocks have rebounded, when compared with its lows have risen more than 100%, the estimated range of gaming stocks will continue to fluctuate. Since the market is looking forward to relax the restrictions for mainland residents to visit Macau endorsement stimulate Las Vegas Sands and Wynn shares surged on Monday, were up 19.61 percent and 10.29 percent, but also led to the 6th Ho gambling stocks continue to do well. Ho gambling stocks, the largest increase in Galaxy Entertainment, the company announced earlier fire retardant foam to repurchase part of a large discount to the price of bills, analysts believe could reduce the debt ratio and interest. In addition, fire retardant foam Melco International, Sindh and SJM were up 3.767%, 3.719% and 1.639%. Source: aastock, China News Network Macau independent real estate subject classification
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