Pansy Ho, Hong Kong's richest woman and the daughter of Macau gambling godfather Stanley Ho, is lining up her chips for a new era in the world's casino capital that promises much more than gambling.
ELI5 Junklet Financing and Rolling Chip Volume in Macau Casino VIP segment
I understand that Baccarat house edge is 2.85%, Rolling Chip win % is around 3% (which ties in nicely with Baccarat house edge) and Non rolling chip win % / mass market win % is around 30% .. I am just not able to reconcile the 3% and 30% .. Is Junklet Financing akin to margin trading of financial instsruments? Could someone maybe explain the numbers very very simply pls? Thanks vm!!
News Heading into Friday July 24th 2020 NOTE: PLEASE DO NOT YOLO THE VARIOUS TICKERS WITHOUT DOING RESEARCH. THE TIME STAMPS ON THE FOLLOWING ARTICLES MAY BE LATER THAN OTHERS ON THE WEB. THE CREATOR OF THIS THREAD COMPILED THE FOLLOWING IN A QUICK MANNER AND DOES NOT ATTEST TO THE VERACITY OF THE INFORMATION BELOW. YOU ARE RESPONSIBLE FOR VETTING YOUR OWN SOURCES AND DOING YOUR OWN DD.
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Ten-year Treasury Yield -2 bps to 0.765% Today's Economic Calendar 9:00 Fed's Barkin: “Community Conversation: Resiliency of the Economy” 10:00 Wholesale Inventories (Preliminary) 1:00 PM Baker-Hughes Rig Count
I come to Vegas a lot and at the best of times people rarely wash their hands or use hand sanitizer or really pay any attention to anything at all. I've been here since the start of February and in that time I've seen in the single digits of people wearing a mask. The situation here is concerning to me for a number of reasons: 1) When casinos in Macau closed their doors weeks ago, the logical places for Chinese gamblers to vacate to would be Las Vegas 2) Casinos are an EXTREMELY high transmission environment. The chips and cards are all handled by thousands and thousands of people daily. There is little to nothing in the way or preventative measures 3) Proximity to California where cases are growing in number and which also receives a large number of Chinese tourists on a regular basis, a ton of whom make their way to Las Vegas 4) Turnover of people here is astounding It has been concerning me almost since I arrived. I bought masks and supplies in case the worst happens (even though I'm due to leave in around 2 weeks) and yesterday I started wearing a mask to the casino for the first time (I'm a pro poker player so in very close contact with people, chips and cards for a lot of time every day) and the reactions were pretty funny. Mostly just people staring as if I'm totally retarded, and then on my way to my car at around 1am, I was walking through miracle mile shops when a drunk guy in his 50s/60s started walking very close to me and staring. After a couple of seconds I asked him what he wanted and he said to me: "what are you scared of?" I ended up talking to him for 10 minutes saying effectively better safe than sorry, it's just a preventative measure, I feel like it's being underplayed and the lack of concern bothers me. He could only come up with that it won't help and if nothing comes of it it's a waste because I look stupid 😅 I told him that before I walked past him I saw him turn around and bump into a fence and I didn't think that looked so hot but it probably wouldn't stop him from drinking. I tried explaining that the way I look is kind of bottom of the pile when it comes to a potentially deadly virus roaming the streets but he was having none of it. TL;DR: no one in Vegas cares, close to Cali, lots of Chinese, people are the problem.
Will Vegas Open at the Same Time With the Rest of the Country? Short WYNN, LVS, MGM, PENN
I've been trying to find a yes to this answer and i'm just afraid that I cannot. I think Vegas opens at a later date then the rest of the country. Once they are able to guarantee the safety of their patrons they will be given the go ahead to open. It’ll definitely be a different environment. If social distancing rules are still in place how does that impact gaming revenues? International travel bans will need to be lifted which is definitely unlikely for some time. Will casinos limit the number of players that are able to sit at each table? This will definitely impact table games such as blackjack, roulette, craps, etc if this is the case. Will slot machines be staggered 6 feet apart from each other? Macau is only bringing in 20% of the volume that they were seeing pre Covid 19. Is 20% enough to keep Vegas and these large casinos afloat? How will casinos sanitize each card, each machine, each casino chips in an effort to prevent transmission of Covid 19. It’s with that line of thinking that has been guessing that Vegas opens later than the rest of the country and that’s why I think shorting stocks such as MGM, WYNN, PENN, LVS is an easy bet
Casino dealer in Seattle area, not on the front lines like health workers but....
I don't feel I'm too far off. I work in relativity close quarters completely surrounded by customers (2-3 feet away). We have seen a prob 30% drop in overall attendance in the last 10 days or so but the casino that I work at stays pretty full for most of the day/night. All the constant touching of chips, cash, and playing cards has to be quite unhygienic. As dealers we are all good about very regular handwashing but the nature of this virus is different than any that we have come across. I'm in my forties and understand that I am not in the high risk category but would still very much not like to get sick or pass it along to any loved ones, friends, or anyone for that matter. I think governor Inslee needs to make some hard calls and mandate a temporary closure of casinos and other business where the business model is predicated on packing people into close quarters and and having many multiple face to face interactions with the public all day every day. I understand the harsh financial ramifications this will have on both the workers and the company itself but I truly feel this is a for the greater good difficult decision. In that environment it would only take a person or 2 to very effectivity and efficiently pass this to who knows how many others. I know in China they closed down the casinos in Macau for around 2 weeks and were able to head off many possible infections. Any other Seattle people working close quarterd with a business as usual mentality???
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