Europe biggest problem

This chart is good enough to explain why Europe is in big trouble now...

Macau and Casino

I recalled that end of December last year, lots of data released and indicators showed that 2012 will be a bad bad year. Loss job,slow down in China GDP growth and Euro crisis gonna hit the economic badly.... 

Surprisingly, Macau the only legal gaming city in China, has released very promising financial results and analysts have predicted 14% growth for full 2012 full yaer revenue. But, Macau is beating the expectation. Official results announced that Macau combined revenue for first 2 months of 2012 up by 28% year to year comparison, far higher than 14% as expected, but this may be due to the high revenue on the peak season on Feb 2012.

Quick glance of the Casino gaming revenue for the past 2 year...

	2010	2011	2012
	in US$	in US$	in US$
Macau	23.5b	33.5b	38.2b
Singapore	3.93b	6.4b	7.2b
Las Vegas	5.8b	6.2b	na

Most of the Las Vegas Casino operators moved their focus to Macau and Singapore, trying to fight for the big pie from the economic boom of Asia countries, casino tycoon Sheldon Andelson and his $4.4b Casino resort in Macau after launched his successful Marina Bay Sands in Singapore 2 years ago.


Macau has a total 33 casinos operates in this small tiny island and it took over the helm from Las Vegas in 2006 as the top casino in the world..

Money money money, i want all your money money money....LOL

Below is copied from business insider.... good one

AP

Everyone was expecting a huge slump for China's gambling hotspot Macau this year.

Guess what? It hasn't happened.

Recent figures (and also Evan Osnos's great recent New Yorker article) suggest that, for all its faults, Macau is still destroying Las Vegas in every area that matters.


Gaming revenue rose 42% in 2011.

Inside the Sands Cotai Central, AP(Source)


Bank of America analysts Shaun C. Kelley and Matthew A. Cole have predicted 14% growth in 2012.

The Galaxy Macau, AP(Source)


But so far, Macau is beating that. January-February 2012 combined revenues were up 28 percent year-over-year.

Inside the Sands Cotai Central, AP(Source)


In 2006 Macau’s casino revenues had surpassed those of Las Vegas.

AP(Source)


The money passing through Macau today is more than 5 times that going through Las Vegas.

AP(Source)


Growth has averaged around 19% for a decade.

AP(Source)


Billionaire Sheldon Adelson's new Sands Cotai Central casino costs $4.4 billion and opened this month.

APAmongst its features, a 2,500 kilogram (5,500 pound) bronze and gold "God of Fortune" statue.


The Sands Macau, opened in 2004, recouped its $265 million construction costs in a year.

The Sands Macau,AP(Source)


Steve Wynn makes two-thirds of his global profits in Macau.
Mr. Stephen A. Wynn, Chairman and CEO of Wynn Resorts (left) and Mr. Edmund Ho Hau Wah, Vice Chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), AP(Source)


Fitch believes that the VIP segment will continue to drive 70% to 75% of total gaming revenue, but mass market is also growing.
The Galaxy Macau, AP(Source)


Infrastructure is improving too — A high speed train to Beijing is being built, and a bridge to Hong Kong will open in 3 to 4 years.
AP(Source)


While there are huge wage disparities, life can be good for those living there. Unemployment is below three per cent.
MGM Grand Macau, AP(Source)


The average citizen earns more than the average European.

AP(Source)



And government tax revenue is so high that residents get occasional checks under a program named the Wealth Partaking Scheme.

Grand Lisboa Casino, AP(Source)

Above is copied from http://www.businessinsider.com/macau-china-gambling-facts-2012-4?op=1#ixzz1sMoCxbEC

World Bank Nominee... Dr Jum Yong Kim, possibly the coolest nominee ever LOL

Dr Jum Yong Kim is recommended by Obama as the nominee for World Bank president... but who is him? 


but who is Dr Jum and what is the woohaa if he elected as the president of world bank? to be honest, i dont knw him i dnt knw hw good is him... but why i would like to mention him in my blog?? 


cos you will find he is cute and awesome after you see this video, he dance and sing TIME OF MY LIFE lol, FML.. he is cool... haha

look at 2.40, haha i was wondering how my uni life will be if my prof rap and dance such a cool song... 

Draw Something

It is reported that Zynga is buying DRAW SOMETHING from OMGPOP for $180-$210million, do you think that is expensive??


Do you know what is Draw Something, draw something is:
- hottest game recently that allow the players to draw something and send it to friends to guess what you drawing, i have been playing this for sometimes
- surprisingly, this is a 6 weeks old app/game that launched in Apple App store
- Top app downloaded in 79 countries
- It has been downloaded 35+ million times
- It has 12+ million daily users
- Generates $250k of revenue per day


What can you do with $210m? You can easily start a new business, trading, financial services, investment company and so on. If you want to do something bigger, maybe you can invest in some resources company in Asia or Australia; gold, coal, timber, tantalum and etc now they  are hot enough and they will bring you some good returns. Or be a lazy man, keep the money in the bank and earn interest... you may earn a million per year.. 


If Draw Something business model is sustainable and with $250k per day, that is about $91,250,000 per year. With 210m consideration, that is only 2X of revenue, i think this is quite cheap.... 


But I always have doubt in the business model for Application or game company, although they have massive revenue now, my question is how long can this sustain? but at the mean time, draw something is really happening!!!! time will prove....

Market has been rally so far since the beginning of 2012.....


                          30/12/2011                         16/3/2012 
DJI                         12,217.56                         13,232.62           8%
S&P500                    1,257.60                           1,404.17          12%
FTSE                        5,572.60                           5,965.58           7%
NIKKEI                     8,520.00                         10,210.00          20%
HANG SENG             18,434.39                         21,317.65          16%
STI                          2,646.35                           2,010.68          14%


I dont really optimistic on year 2012 market, Euro zone debts crisis, Greece Euro350+billion debt that on the edge of default, China starts showing the tired face after few years of extra ordinary booming, China govt has lots of to clear on housekeeping to do, only good thing i ever think of is US seems on their recovery way... Wondering why the market is moving so much on the upside now, just be careful trader,broker, and who ever hold stocks now.... maybe time to short some....


I am just so piss off why i have no enough CASH, sigh otherwise i would be able to earn some pocket money thou

600 and momentum is there

Really close to 600 now.... New iPad bring in some impact to the stock.....

How much you own and Wat are you doing when you are at age 25

At age 25, probably you just completed your degree study and had experience first two to three years of the sucks working life, struggling with your sucks and miserable life .

You will never believe some of the today billionaires have done something different as compared to others And make them the on the list of world richest.....

On the top of the list is Facebook founder mark zuckenberg, he is worth more than US$2.4b back to age 25 and now he is worth more than that, range about US$20-24billion, much depends on the valuation approved on recent filing for IPO...

After reading all this. Important question, how much you own?