Category Archives: LVS


Now that the political and PR campaigns have run their course, the EUR.USD pair looks set for a bit of a pullback. Eventual good news from the politicians in the US can only bring more pressure on the Euro.
So I was thinking about this gambling/Macau/Vegas sector, earnings, and about this WYNN after earnings trade I made last week.

I found an interesting argument related to MGM’s earnings and headline risk.

This blog (The Stock Sleuth) looks at the first quarter 10Q and points out that “the income statement will consolidate the earnings of MGM China”. And tries to imagine what impact that will have on the reported earnings when 65-70M of magical cash shows up. He’s bullish.He points out that there’s a 15% short float on MGM. (I think it’s closer to 17%)