Macau seems to have shrugged off recession blues, and has been posting impressive gains over the last three months. Genting and Marina Bay Sands keep coming up with up-beat statements about their prospects in Singapore. The U.S. market remains soft in the destination resort areas, particularly Vegas and Atlantic City.
How would you assess the attractiveness of these markets, both short-term and long-term? What are your thoughts on the recent gain in market share for MGM Grand in Macau? Do you think the commission cap agreed upon by casino operators in Macau will work? Would love to know your thoughts on these matters.
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Cheers,
Sudhir
