Paradise: Terrible Earnings, But This Stock Is Outperforming LVS and Genting Malaysia YTD (Part 1)
This is an in-depth report on Paradise and the Korean gaming industry (Part 1). The earnings of Paradise Co Ltd (034230 KS), the largest...
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Rising Sun on Japanese Gaming Opportunity Is Bright; Narrow-Moat Las Vegas Sands Best Positioned
Although there remain many variables to be decided, we see around a $25 billion Japanese integrated resort, or IR, opportunity ($19 billion in...
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Chinese Tourism Q1 DataWeak Outbound (+4%) But Strong Domestic Tourism (+28%)
In March, our commercial flights tracking data suggests only 2% year-over-year increase in outbound flight passengers vs. 31% in domestic flight...
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Sands China Shows Steady Mass Gain, Worsening VIP Segment, Hold-Adjusted EBITDA/Table/Day Increase
Narrow-moat Sands China's first-quarter adjusted EBITDA was 28% of our full-year estimate, broadly in line with historical seasonality. We have no...
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Bullish Catalysts for Wynn Macau, Not yet Baked into the Price Until Parent Earnings Call in May
The Hong Kong-traded subsidiary of Wynn Resorts Ltd (NASDAQ: WYNN) is responsible for most of the upside trade in its parent. Wynn has moved to...
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