Macau’s Future in Doubt as China Signals Crackdown on Casinos

[themickey]

Bloomberg News 15 September 2021

• Reactions to new scrutiny range from caution to ‘no hope’
• New rules potentially crimp dividends, foreign shareholders

https://www.bloomberg.com/news/arti...ignals-crackdown-on-casinos?srnd=premium-asia

When investors started calling early Wednesday morning after China moved to tighten its grip on the world’s biggest gambling hub, the junket operator had just one thing to say: sell.

“There is no hope in Macau,” the executive said in an interview, declining to be named on concern there could be fallout for their business, which facilitates loans for bettors in Macau.........

 

[themickey]

This should be good for Las Vegas, if the Chinese are allowed in.

 

[SPX Options Trader]

China moved to tighten its grip on the world’s biggest gambling hub
There is no hope in Macau,”

This should be good for Las Vegas, if the Chinese are allowed in.

Who needs Macau, Las Vegas, Monte Carlo, and other casinos,....just gamble on options.
Directional, daily, choose your moment to place your bet, and your moment to sell or close the bet.

It sure beats trying to finish on top at a Blackjack card table, or roulette table, or poker table in any casino.

 

[JSOP]

Who needs Macau, Las Vegas, Monte Carlo, and other casinos,....just gamble on options.
Directional, daily, choose your moment to place your bet, and your moment to sell or close the bet.

It sure beats trying to finish on top at a Blackjack card table, or roulette table, or poker table in any casino.

You don't get the hot babes and the free drinks when trading options...And you are alone, besides chatting with us here on ET.

 

[JSOP]

Bloomberg News 15 September 2021

• Reactions to new scrutiny range from caution to ‘no hope’
• New rules potentially crimp dividends, foreign shareholders

https://www.bloomberg.com/news/arti...ignals-crackdown-on-casinos?srnd=premium-asia

When investors started calling early Wednesday morning after China moved to tighten its grip on the world’s biggest gambling hub, the junket operator had just one thing to say: sell.

“There is no hope in Macau,” the executive said in an interview, declining to be named on concern there could be fallout for their business, which facilitates loans for bettors in Macau.........

Macau is about to find out what it's really like living in a dictatorship and will finally understand why Hong Kong has been fighting so hard to get democracy back. So far Macau has been the poster boy of "One country two systems" for China to tout around to show off its success. Well, something is about to change...

 

[JSOP]

This should be good for Las Vegas, if the Chinese are allowed in.

And no, looks like they are not. https://www.scmp.com/news/china/pol...cklist-overseas-gambling-destinations-chinese

Told you China is trying to scrape up $$ anywhere they can find for its "One Belt One Road" initiative and bailing out all the failing state enterprises.

 

[JSOP]

Bloomberg News 15 September 2021

• Reactions to new scrutiny range from caution to ‘no hope’
• New rules potentially crimp dividends, foreign shareholders

https://www.bloomberg.com/news/arti...ignals-crackdown-on-casinos?srnd=premium-asia

When investors started calling early Wednesday morning after China moved to tighten its grip on the world’s biggest gambling hub, the junket operator had just one thing to say: sell.

“There is no hope in Macau,” the executive said in an interview, declining to be named on concern there could be fallout for their business, which facilitates loans for bettors in Macau.........

Hmmnn... Also looks like China is trying to drive out foreign casino operators in Macau and perhaps move in with its own casinos. Time to get your money out before it's too late.

 

[vanzandt]

Hmmnn... Also looks like China is trying to drive out foreign casino operators in Macau and perhaps move in with its own casinos. Time to get your money out before it's too late.

Buy $BYD. $59.59
Funds that require exposure to this sector will have no choice, other than the sports-betting stocks.
It's a "we don't wear masks" flyover-state sure thing pure play.
They're friggin packed too.
Funds that require exposure to this sector will have no choice, other than the sports-betting stocks.
$72 is a given all things being equal.

 

[themickey]

Buy $BYD. $59.59
Funds that require exposure to this sector will have no choice, other than the sports-betting stocks.
It's a "we don't wear masks" flyover-state sure thing pure play.
They're friggin packed too.
Funds that require exposure to this sector will have no choice, other than the sports-betting stocks.
$72 is a given all things being equal.

Ya, that's a good idea!
https://stocknessmonster.com/announcements/pbh.asx-3A575942/
I hold a number of gaming stocks, one of my favourite sectors.

 

[zdreg]

You don't get the hot babes and the free drinks when trading options...And you are alone, besides chatting with us here on ET.

I'd rather make loot and pay for my own drinks.