Originally Posted by Crankndapot
When do monthly numbers come out? InternationalStocks mentioned holiday #'s should be good as he was on the ground.
Seems like a good play. My target to make a buy is the low 42's.
just ducked under the 50ema. chart lookin not so great.
I was on the ground this last week and the tables were pretty booked with people gambling. Most Chinese don't just go to look around. Gambling is in their blood lol.. I need to call a friend of mine to see if the numbers were really good this last week.
Just got off the phone with her. Numbers this year are less then they were last year. Compared to average they are higher due to the holidays but compared to before she said numbers were down a bit and considered average so nothing special.
Here in Asia we are definitely seeing slowdowns. In the past when I used to take the Ferry from Hog Kong to Macau when I got off the ferry and took the courtesy bus to the casino I had to wait any where from 15-25 minutes to get on the courtesy bus. This time there was a 2-3 minute wait and the bus was not completely full. In the past it would be completely full with many more people in line outside waiting for the next bus. This is not the case this time. Casino still is packed compared to any casino you would see in Vegas but not like it used to be in the past in Macau.