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Wednesday, November 13, 2013

Salivating to Invade New York, Macau Riches





The race for New York casino licenses starts in January • 7:47 AM
  • New York aims to issue RFPs to casino operators wanting to set up shop in the state this January with a goal to select licensees later in the year, according to Hedgeye's Todd Jordan.
  • In a New York state of mind: CZR, MGM, WYNN, PENN, BYD.

Macau residents get a cut of casino riches • 9:36 AM
  • Macau announces it will distribute 9K pacatas ($1,127) to each resident to help make up for the growing costs of living in the casino-rich region.
  • The territory brought in 95B pacatas ($11.89B) this year from taxes on gaming operations.
  • The incredible riches brought in by the casino industry from Macau has increased the pressure to keep the local populace contented.
  • Related stocks: MPEL, LVS, WYNN, MGM.

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