Gambling: casinos in Macao 2019 | Statista

macau casino industry report

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Good luck today guys, hope everyone makes some tendies
Edit 8:30PM Thanks for the love and awards guys, hope everyone ended the week off positive, enjoy your weekend.
Of note for Airlines (LUV, DAL, AAL, UAL), the Airlines for Americas trade association says the industry needs “immediate financial assistance” to protect the 11mln jobs it represents.
Of note for Banks (JPM, C, MS, BAC, GS), the Fed is encouraged by a notable increase in discount window borrowing as banks show a willingness to use the window as a funding source to support the flow of credit to households and businesses.
Of note for Car Rental Services (HTZ, CAR), both Hertz and Avis Budget Corp have requested aid from the US government.

Dow Jones

Apple Inc. (AAPL) supply chain is reportedly still facing supply disruptions even as China recovers due to factory closures of suppliers in Malaysia. Elsewhere, it has limited the number of purchases on its iPhones to two per customer in the US and China, according to Canalys.
Boeing Company (BA) is reportedly leaning towards a temporary halt of operations at its twin-aisle jetliner factories due to the spread of the coronavirus, according to people familiar with the matter, in a similar move to Airbus (AIR FP).
Johnson & Johnson (JNJ) Global Supply Chain Officer Wengel announced its supply chain is currently holding steady and meeting patient needs.
Walmart (WMT) announced it is planning to give special cash bonuses for hourly associates for their work during the current conditions with full-time associates receiving USD 300 and part-time associates receiving USD 150, which will equate to USD 365mln. WMT is to also accelerate its next bonus for store, club and supply chain associates which will equate to USD 180mln, overall it will equate to USD 550mln, the co. says. WMT is to also hire over 150k hourly employees as the number of shoppers increases.

Nasdaq 100

Amazon.com Inc. (AMZN)– Some sellers state its decision to stop receiving non-essential inventory in response to the coronavirus pandemic could limit sales they need to make payments on its loans from Amazon.
Tesla (TSLA) announced it decided to temporarily suspend production at its Fremont, California factory and NY Factory after March 23rd. Elsewhere, CEO Musk announced his factories are working on ventilators to address a potential shortage.
United Continental Holdings (UAL) – Apollo Global Management (APO) has reportedly purchased part of the airlines USD 2bln loan from a group of banks, according to people familiar with the matter.

S&P 500

Accenture plc (ACN) had its PT cut at a number of brokers, however, they were positive on its ability to continue through the coronavirus crisis.
AFLAC Inc (AFL) American Family Life Assurance of Columbus and New York agreed to acquire Zurich North America's US corporate Life and Pensions. AFL expects the acquisition to be dilutive to 2020 adj. EPS by USD 0.02 to 0.03.
Altria Group Inc (MO) announced it is temporarily suspending operations at its Richmond manufacturing center.
Anthem Inc. (ANTM) announced it is offering up to 80 hours of paid emergency leave for qualifying needs, including if associates are experiencing coronavirus symptoms or for caring for young children whose school has been closed.
AT&T Inc. (T) announced it has cancelled is accelerates share repurchase programme of USD 4bln worth of stock, noting the impact of the coronavirus could be material although it cannot currently estimate the impact onto its financial or operational results.
Bank of America Corp (BAC) announced it is offering additional support for its consumer and small business clients in response to the coronavirus, where clients can request funds including overdraft fees, non-sufficient funds fees, and monthly maintenance fees through deposit accounts. Many customers can also request to defer any payments.
Carnival Corp. (CCL) preliminary Q1 20 (USD): EPS 0.22 (exp. 0.27), revenue 4.8bln (exp. 4.66bln); coronavirus resulted in a net loss of 0.23/shr.
Cintas Corporation (CTAS) Q3 20 (USD): Adj. EPS 2.16 (exp. 2.02), revenue 1.81bln (exp. 1.8bln), gross margin 45.5% (exp. 45.7%, prev. 44.9% Y/Y); announced it is not providing guidance for Q4 20 and it is suspending FY20 guidance due to uncertainty surrounding the coronavirus.
Coty, Inc (COTY) provided an update on the current situation: Expects Q3 20 revenue to fall approximately 20% like for like, with a meaningful impact on profit, it has also withdrawn FY20 guidance. It is recommending to the board that shareholders be given the option to receive up to 100% of their quarterly dividend in kind for the coming two quarters. Its largest shareholder JAB decided to fully repay the loan it used to finance the tender offer in 2019. It is taking initiatives to manufacture hand sanitizer. Notes activations on Amazon have seen US sales nearly double in recent weeks, as well as launching the Kylie skin-care Europe in upcoming weeks; it is also preparing for increased demand post coronavirus.
Danaher Corp. (DHR) announced the US FTC is on board with the acquisition of General Electric’s (GE) Life Sciences Biopharma Business. The closing of the deal is still subject to customary closing conditions as announced in the agreement, but DHR expects the deal to close on March 31st, 2020.
Ford Motor (F) announced it has plans to suspend production in Argentina and Brazil starting next week due to the coronavirus.
Kohl's Corp. (KSS) announced it is to close its stores nationwide through to at least April 1st, although customers will still be able to shop on its App. It also withdrew guidance for Q1 and FY20.
Mylan N.V. (MYL) announced it is increasing production of its malaria drug for potential use to combat the coronavirus.
Occidental Petroleum (OXY) is reportedly planning on naming its former CEO Stephen Chazen as its new chairman as it tries to improve amid weak demand and activism from Carl Icahn, according to WSJ citing people familiar with the matter.
Sysco Corp. (SYY) announced it will donate 2.5mln meals over the next four weeks as part of its response strategy to help against COVID-19. Elsewhere, it has withdrawn its three-year plan guidance due to the impact from the coronavirus.
Tiffany & Co. (TIF) Q4 19 (USD): Adj. EPS 1.80 (exp. 1.77), revenue 1.4bln (exp. 1.36bln); SSS +3%, SSS Ex-Hong Kong +5%, Gross Margin 63.3% (Prev. Y/Y 63.8%). Announced it will not be issuing FY20 guidance due to the pending merger with LVMH

Other

Crowdstrike (CRWD) Q4 19 (USD): Adj. EPS -0.02 (exp. -0.08), Revenue 152mln (exp. 137mln); FY21 Adj. EPS view -0.14 to -0.10 (exp. -0.18), revenue view 723-733mln (exp. 685mln)
Samsung (SSNLF) has reportedly been hit hard by Vietnam’s travel restrictions from South Korea, fueling concerns its Galaxy Note smartphones will fall behind schedule in its largest manufacturing hub outside South Korea
Teva (TEVA) announced it will be donating over 6mln doses of hydroxychloroquine sulfate tablets across the US to meet the urgent demand for the medicine as an investigational target to treat the coronavirus.

Additional US Equity Stories

Of note for casino names (MGM, CZR, WYNN, MLCO); Macau has halved its 2020 gaming revenue forecast due to the coronavirus and predicts a 56% fall from previous year to USD 16bln.
US Steel (X) Q1 20 (USD): Adj. EPS view -0.80 (exp. -0.84), EBITDA 30mln.
Coca Cola (KO) does not expect to meet its FY20 guidance, although does not foresee any near-term interruptions to its concentrate or beverage-based production. Meanwhile, it had its PT lowered at Deutsche Bank to USD 53/shr from USD 64/shr, although the desk reiterated its long-term buy rating.
Ross Stores (ROST) announced it is to temporarilty close all of its stores throughout the US due to the coronavirus.
Dollar Tree (DLTR) announced it is hiring 25,000 associates (both full and part time) to help across its stores in the US.
Synaptics Inc. (SYNA) downgraded to Underweight from Neutral at JP Morgan
Colgate Palmolive (CL) upgraded to Buy from Neutral at BofA
Accenture (CAN) upgraded to Buy from Neutral at MoffettNathansonMonster Beverage
submitted by WSBConsensus to wallstreetbets [link] [comments]

I'm gonna pop off for a second. ZERO of these cucks care ANYTHING for you or your grandma, how do I know? Because they never complained about the gambling industry.

That's JUST the suicides. Not the drugs, prostitution, organized crime, alcohol, cigarettes, job problems, domestic problems, credit card interest, or whatever else people could be doing with their lives. It's just the suicides.
Gambling was illegal in 48 states for over 100 years, but in the last ten years has risen almost perpendicularly. Ask anyone who works at a gas station or convenience store, daily lottery drawings and scratch-off tickets are almost a $100B industry - with some states legalizing lotteries as recently as January of 2020. Sports betting is almost as large, formally estimated at $85B.
Casinos, together with strip clubs and the other forms of gambling listed above, are open and operating right now in states that continue to (illegally) force churches and businesses to shut down. By the way.
submitted by JIVEprinting to CoronavirusCirclejerk [link] [comments]

Your Pre Market Brief for 07/24/2020

Pre Market Brief for Friday July 24th 2020

You can subscribe to the daily 4:00 AM Pre Market Brief on The Twitter Link Here . Alerts in the tweets will direct you to the daily 4:00 AM Pre Market Brief in this sub.
Morning Research and Trading Prep Tool Kit
The Ultimate Quick Resource For the Amateur Trader.
Updated as of 3:30 AM EST
-----------------------------------------------
Stock Futures:
Thursday 07/23/2020 News and Markets Recap:
Friday July 24th 2020 Economic Calendar (All times are Eastern)
(Home Sales and Oil Rig Count Today)
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.
COVID-19 Stats and News:
Macro Considerations:
Most Recent SEC Filings
Other
-----------------------------------------------
Morning Research and Trading Prep Tool Kit
Other Useful Resources:
The Ultimate Quick Resource For the Amateur Trader.
Subscribe to This Brief and the daily 4:00 AM Pre Market Brief on The Twitter Link Here . Alerts in the tweets will direct you to the daily brief in this sub
It is up to you to judge the accuracy and veracity of these headlines before trading.
submitted by Cicero1982 to pennystocks [link] [comments]

If you’re new to Coronavirus research, start here…

Feb 19, 2020, updated periodically...Unfortunately there’s not just one link you can use to get an estimate of the real numbers of infected, or of the seriousness of this outbreak, and you will have to do some digging of your own. But here are a few points to consider and research for yourself:

The basics

Other reasons why we don't believe the official numbers

What leaked videos and social media posts have shown us has happened in China

A 4-minute quick intro: /CoronavirusFOS/comments/fgk1b9/covid19_deus_ex_coronavirus_clip_compilation/

What else is happening in China

The Unknowns

What's happening outside of China

Supply Chain and Economic Impacts

There’s much more that can be posted here, but that's enough topics to get you started on your own research. I really doubt this is going to be disappearing in a month or two. If any readers have a source or video link etc., or additional points they you'd like me to add, just reply to this message, or send me a private message if you prefer. Thanks for reading!
submitted by TeRiYaki32 to CoronavirusFOS [link] [comments]

morning coffee

Eyes On Stimulus Developments Again
Investors are still largely focused on new twists and turns with stimulus efforts in the U.S. Last night, President Donald Trump said talks had resumed on an aid package for the struggling U.S. economy, while House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin are expected to talk once again. Global stock markets have started the day off with a dose of optimism. The Shanghai Composite Index rose 1.7% following a strong read on services activity in China and the SZSE Component Index was up 3.0%, while Hong Kong's Hang Seng fell back 0.3% and Japan's Nikkei slipped 0.1%. European stocks are largely higher despite sluggish PMI data, with the Stoxx 600 Index gaining 0.2%. France's CAC 40 and the U.K.'s FTSE 100 are both in positive territory in mid-day action. Meanwhile, U.S. stock futures are setting up for a positive open, with S&P 500 futures up 0.4% and Dow Jones futures 0.3% higher. Crude oil stays on track for big week
Oil (CL1:COM) is poised for its biggest weekly gain since May, even though prices have tracked back just a bit. Operators in the Gulf of Mexico have closed off about 92% of production ahead of Hurricane Delta as the storm barrels toward Louisiana. Yesterday, OPEC forecast global oil demand will keep rising until around 2040, when it will plateau at about 109.3M bbl/day, or about 10% above the level of production in 2019. Later today, traders will get their hand on the latest Baker Hughes U.S. oil rig count report. In early action, WTI crude oil futures -0.8% to $40.86/bbl and Brent crude -0.3% to $43.20/bbl.
AMD seeking to buy Xilinx in latest big semiconductor tie-up
Advanced Micro Devices (NASDAQ:AMD) is in advanced talks to buy rival chip maker Xilinx (NASDAQ:XLNX) in a deal that could be valued at more than $30B, WSJ reports. Earlier talks are said to have stalled before recently restarting, and the latest deal under discussion could come together as soon as next week, according to the report. A deal for Xilinx would raise AMD to a more even competitive footing with Intel (NASDAQ:INTC) and give it a bigger position in the growing telecom and defense markets.
Golden Week traffic in Macau disappoints
Traffic in Macau fell 85.7% during Golden Week to come in well short of most expectations within the industry. Of the 139,280 visitors to enter during the holiday week, 97,126 came via the Gongbei Border Gate, 4,190 by ferry and 7,149 by plane. JPMorgan reset expectations on a Macau recovery after the Golden Week disappointment. "Choppy demand and dwindling hope of 'return to normalcy in 2021' make us acknowledge the sector's risk-reward isn't as attractive as we had envisioned, despite seemingly undemanding valuation (on 2022, not 2021)," updated the firm. Earlier this week, the Macau sector received some good news when Bernstein Research predicted that all six casino operators will retain their licenses, although the government is likely to impose additional economic conditions. The firm doesn't think the current tensions between Washington and Beijing will prevent U.S. operators from staying in Macau.
Nikola talks up hydrogen potential
Nikola (NASDAQ:NKLA) showed off its prototypes to the hydrogen industry yesterday at an event that also covered the company's patents and strategy to be a technology integrator. The presentation coincided with National Hydrogen and Fuel Cell Day 2020. Nikola noted it has developed core IP related to, among other things, vehicle integration and hydrogen storage and fueling, and continues to work with its world-class partners to develop next-generation standard fueling hardware and advance hydrogen fuel cell-based transportation. "Nikola is creating an ecosystem that integrates next-generation truck technology, hydrogen fueling infrastructure and maintenance. By removing commercial trucks from the carbon equation, Nikola is fulfilling our mission of leaving the world a better place," said CEO Mark Russell. Shares of Nikola are up 2% premarket
Takeda in group trial for COVID-19 hyperimmune convalescent plasma treatment
Japan's Takeda (NYSE:TAK) is part of a group of companies testing an experimental COVID-19 convalescent plasma treatment, derived from those having recovered from the disease. The "hyperimmune" drug combines antibodies from multiple recovered patients, vs. typical convalescent treatments derived from single patients. Takeda, Emergent BioSolutions (NYSE:EBS), CSL Behring (OTCPK:CSLLY) and Grifols (NASDAQ:GRFS) are gathering antibodies in the government trial, funded by the National Institute of Allergy and Infectious Diseases; it could be completed by year-end.
DOJ eyes cryptocurrency threats
The Department of Justice said in a new report that law enforcement is hampered by the global nature of digital coins and the lack of consistent regulation across regions. Cryptocurrencies in general are called detrimental to the safety and stability of the international financial system due to the opportunities for rogue nations, criminals and terrorists to skirt reporting requirements. "Current terrorist use of cryptocurrency may represent the first raindrops of an oncoming storm of expanded use,” stated Attorney General William Barr's Cyber-Digital Task Force. The task force warned that cryptocurrencies provide bad actors with the means to earn illegal profits and become a threat to national security. The DOJ's larger goal with the report is to lay out a framework for cryptocurrency enforcement.
China Services PMI runs hot
China September Caixin Services PMI came in at 54.8 to top both the consensus mark of 54.3 and the 54.0 reading for August. Services PMI has now increased for five straight months, and the latest rate of expansion was among the highest recorded over the past decade. Growth was supported by a marked rise in total new business, though new export work continued to decline. A sustained rise in overall client demand led firms to expand their payrolls for the second month in a row amid increased capacity pressures. Companies also retained a positive outlook regarding activity over the year ahead, with business confidence improving since August.
Chinese funds targeting Ant IPO draw $9B from millions of retail investors
Five Chinese funds targeting the upcoming mega-IPO of Ant Group (NYSE:BABA) sold out in days, having cumulatively raised about 60B yuan - or about $8.93B - from more than 10M retail investors. The funds launched Sept. 25 to raise 12B yuan each and invest up to 10% of assets to buy shares in the Ant IPO, aiming to raise about $35B in a Hong Kong/Shanghai dual listing and value the company at more than $250B. Two of the funds hit their target even before a week-long holiday that started Oct. 1; Ant's Alipay says today the other three sold out as well.
What else is happening...
LSE (OTCPK:LDNXF, OTCPK:LNSTY) to sell Borsa Italiana to Euronext (OTCPK:EUXTF) for €4.3B. NXP Semiconductors (NASDAQ:NXPI) shoots to 52-week high after strong preliminary Q3 numbers. GameStop (NYSE:GME) soars after Microsoft (NASDAQ:MSFT) development. Disney (NYSE:DIS) moves 'Soul' to streaming, in theaters' latest loss.
Today's Markets
In Asia, Japan -0.1%. Hong Kong -0.3%. China +1.7%. India +0.8%. In Europe, at midday, London +0.7%. Paris +0.4%. Frankfurt -0.05%. Futures at 6:20, Dow +0.4%. S&P +0.4%. Nasdaq +0.3%. Crude -0.8% to $40.86. Gold +1.2% to $1918.70. Bitcoin +2.9% to $10890. 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
submitted by upbstock to Optionmillionaires [link] [comments]

Experts put forecasts on GGR indicators in Macau

Experts put forecasts on GGR indicators in Macau
Deutsche Bank Securities Inc. estimates the gross revenue position of Macau casinos at $ 1.32 billion in GGR in the third quarter, with annual GGR expected to be 68% lower than last year. However, during the revision of the data, it became known that Macau's GGR will amount to $ 29.49 billion in 2021, which is 150% more than expected in 2020. According to the representatives of Detche Bank Securities Inc., in 2021, the indicators are expected to increase by more than 96%. In the message of J.P. Morgan Securities (Asia Pacific) Ltd. , this will be an important event for the gambling industry of the administrative region. For July, the annual decline in GGy amounted to 94-5%. It is predicted that in August and September the decline in GGy will be equal to 85 and 70%, respectively. It is noted that the improvement of indicators may contribute to the resumption of issuance of exit tourist visas by the Guangdong authorities. It is also reported that from August 12, the rest of the provinces should resume issuing visas in Macau for purposes not related to tourism.
https://preview.redd.it/9w8qdock0ze51.png?width=1095&format=png&auto=webp&s=b3275cd5778e196a3d70fded2de6742383d4e389
http://online-gambling-now.com
submitted by Bianca_Rienheart to u/Bianca_Rienheart [link] [comments]

Stay warm, here’s some coffee.

18th December 2019
Good morning fellow traders, good luck today, stay warm.

DOW

JPMorgan Chase & Co. (JPM) received regulatory approval from China to set up a majority owned securities venture in the country, which will include a brokerage, investment advisory, underwriting and sponsorship.
Merck & Co. (MRK) announced the FDA’s Oncologic Drugs Advisory Committee voted 9-4 in favour of recommending Keytruda, for the treatment of patients with high-risk, non-muscle invasive bladder cancer.

NASDAQ 100

Activision Blizzard (ATVI) announced it is putting the release of its Warcraft III: Reforged, to January 28th 2020, despite aiming to release the game prior to year-end as they feel little more time is needed to maintain its high quality standards.
Amazon.com Inc. (AMZN) has paid some of its suppliers up to 25% more for the goods it resells to offset US President Trump’s tariffs on Chinese products, according to Business Insider. Elsewhere, it announced a free return on millions of items, for items such as electronics, household items, pet supplies kitchen appliances and more.
Illumina Inc (ILMN) has had its USD 1.2bln deal to acquire Pacific Biosciences of California (PACB) challenged by the FTC, alleging ILMN is aiming to unlawfully maintain a monopoly in the US. Market for next-gen DNA sequencing systems, by eliminating PACB as a threat.
Nvidia Corporation (NVDA) has partnered with Tencent (700 HK) to launch a cloud gaming service in China.
Tesla (TSLA) are reportedly considering reducing prices of its Model 3 sedans in China by 20% or more in 2020, according to people familiar with the matter.

S & P 500

Altria Group Inc (MO) – A study released suggests that the nicotine formula used by JUUL Labs is almost identical to the flavour and addictive profile of the tobacco company’s Marlboro cigarette.
Boston Properties (BXP) increased its quarterly dividend to USD 0.98/share from USD 0.95/share.
CIGNA Corp. (CI) is to sell one of its units that sells non-medical insurance products to employers for USD 6.3bln to New York Life Insurance Co. Cigna also announced a USD 4bln share repurchase programme.
Cintas Corp (CTAS) Q2 (USD): EPS 2.27 (exp. 2.03), Revenue 1.84bln (exp. 1.82bln); raised its FY20 EPS forecast to 8.65-8.97 (exp. 8.61, prev. 8.47-8.57).
Devon Energy (DVN) announced a new USD 1bln share repurchase programme.
Dish Network (DISH) co-founder Ergen appealed to testify in support of the T-Mobile (TMUS) and Sprint (S) deal, stating he has letters from three banks prepared to offer USD 10bln to fund the company’s new wireless network.
E-Trade (ETFC) has announced an online-trade clearance automation, an industry first which allows administrators to enter, view and edit trade clearance instructions online for their participants, which includes trade windows, number and type of shares, time frame, and other grant specific information.
FedEx Corporation (FDX) Q4 19 (USD): Adj. EPS 2.51 (exp. 2.84), Revenue 17.3bln (exp. 17.69bln), FY20 EPS view cut to 9.10-10.35 (adj. now seen between 10.25-11.50). Says quarterly results declined due to weak global economic conditions, higher ground costs, loss of business from a large customer. Later timing of Thanksgiving resulted in shifting of cyber week into December, which negatively impacted the results. Sees FDX ground operating margins to rebound. Morgan Stanley note the poor FedEx earnings holds a negative read to its competitor, United Parcel Service (UPS)
General Electric (GE) healthcare unit has issued a recall for its Giraffe Incubator, OmniBed, and Care stations at the request of the FDA, who state the bedside panels can be upright and look closed but not be securely latched.
General Mills (GIS) Q4 19 (USD): EPS 0.95 (exp. 0.88), Revenue 4.42bln (exp. 4.43bln). Pet food sales +16% at its Blue Buffalo unit (exp. 15%), backs FY20 Adj. EPS forecast of 3-5% growth and revenue growth of 1-2%.
Leidos (LDOS) announced it is to acquire Dynetics, a privately owned company who is an industry-leading applied research and national security solutions company, for a cash value of USD 1.65bln.
Eli Lilly & Co. (LLY) announced the launch of its long term, real-world evidence study of Emgality, labelled TRIUMPH, to evaluate the drug in comparison to other migraine treatments.
Twitter, Inc. (TWTR) had its PT cut by Citibank to USD 36 from USD 45 over concerns on the near-term revenue outlook, adding ongoing issued with its promotion for the mobile app could hit the company’s revenues.
ViacomCBS (VIAC) CBS unit is being sued by a Female 60-minutes producer for discrimination, as she claims she was side-lined after reporting her boss texted her an inappropriate photo. (NY Times)
Wynn Resorts Ltd (WYNN) has extended its CEO contract for Matt Maddox through to 2022.

OTHER

Allegheny Tech (ATI) announced Don P. Newman will join the co. as Senior VP and CFO, succeeding Pat DeCourcy, who will remain as SVP and Special Advisor to CEO until March 31st. Newman has more than 30 years of corporate finance and accounting leadership experience at high-growth businesses in a variety of industries, including metals and materials, energy, software, and drilling services. (Street Insider)
Fiat Chrysler (FCAU) has signed a binding merger agreement with Peugeot (UG FP) owner PSA for a 50/50 deal, which creates the 4th largest automaker by volume and 3rd largest in revenue, valued at USD 50bln. FCAU agrees to distribute a special dividend of EUR 5.5bln to its shareholders. The CEO of FCAU, Mike Manley, will remain as part of the group, although it is unclear in what position.
Lionsgate (LGF.A) announced a strategic alliance with Bharti Airtel and Starzplay to provide premium content from Lionsgate Play to customers in India.
Pacific Gas & Electric (PCG) submitted a comprehensive, multi-party settlement agreement to the California Public Utilities Commission, aka CPUC, in relation to the wildfires in 2017-18 striking a USD 1.78bln settlement, although it bans recovering money from customers and was accepted by a US bankruptcy judge.
Voya Financial (VOYA) announced it has entered into an agreement to sell its Individual Life and other legacy non-retirement annuities businesses to Resolution Life Group Holdings. Voya forecasts a normalised adj. operating EPS to reach 1.80-1.90 quarterly by the end of 2021 and estimates it will provide roughly USD 1.7bln of deployable capital
Of note for Casino/gaming names (LVS, MGM, MLCO, WYNN), PBoC announced it will raise the remittance limit on individuals transfer of money from Macau to mainland Chinese accounts to CNY 80,000 per day from CNY 50,000.
submitted by WSBConsensus to wallstreetbets [link] [comments]

What Returning to Work Will Look Like in Offices, Cafes and Factories Around the World

Expect lots of temperature checks and one-way routes. ‘As we experienced in China, this will be a journey.’
Wearable social-distancing buzzers. Masked blackjack dealers. Drive-thru electronics purchases. From cubicles to factory floors, cafes to clothing boutiques, businesses around the world are dreaming up creative ways to reopen, attempting to start revenue flowing again while minimizing the risk to customers and employees.
The global economy is riding on their ability to pull off that delicate balance. A new flareup of Covid-19 cases could shutter offices, stores, restaurants and manufacturing plants once again, further choking off the flow of goods and services and threatening more jobs. Some governments, such as China, are providing rigorous oversight of the process. Others, including President Donald Trump’s administration, have offered looser guidance and are entrusting businesses to monitor their facilities. Scientists are still studying how the virus is spread, and whether keeping people six feet apart is enough, adding to the risks.
The companies’ plans rely on a steady supply of masks, gloves, thermometers and tests that is likely to strain budgets and manufacturers’ ability to keep up. Social distancing will be built in, with people divided by barriers and kept apart from colleagues and customers, a U-turn after years of movement toward open floor plans. Some companies will monitor employees more closely than ever before, while others will let workers choose how much protection they need. The way we work, shop, travel and eat in 2020 – and probably beyond – is being plotted out in boardrooms around the world.
Here are the changes companies are contemplating for their workplaces in the coming weeks.

The Office

Seats on the shuttle bus to Unilever’s Shanghai offices can be reserved using a chat group. Employees must be masked to board, and they sit on alternating sides, one person to each four-seat row. Upon arrival, each worker scans a QR code and fills out a health status report to get a daily pass to enter. Then comes the temperature check and the hand sanitizer.
Inside the office, movement is tightly regulated. Employees keep their masks on and are encouraged to use the stairs instead of the elevator, with spritzes of hand sanitizer before and after touching the regularly disinfected handrail. In the canteen, a single person is allowed at each four-seat table.
Such measures might seem predictable in a centrally controlled society like China, but some version of them is starting to appear in the West. At Britain’s former state phone monopoly, BT Group Plc, call center workers sit two meters apart, and walkways are designated as one-way to keep people from brushing past each other. Temperature checks are becoming routine at Sistema, the Russian conglomerate, which also says it’s developed its own two-hour test for Covid-19. Employees who come to the office have been tested in the past couple of weeks, though as many as half of the call center workers at MTS, the mobile network controlled by Sistema, are operating out of their homes.

More Room

Flexible space operator Knotel, which runs offices for corporations including Uber and Netflix, says workplace design has to change. Offices will likely be less densely populated, and altered to make them “antiviral,” according to Amol Sarva, Knotel’s chief executive officer.
“Things like ventilation, UV light, density screening, video monitoring, and temperature monitoring, cleaning protocols — those are all going to have to change,” he said. “Certainly there’ll be more space.”
In China, Cushman & Wakefield has helped move nearly a million workers back into 800 million square feet (74 million square meters) of office space. The company is creating a Recovery Readiness manual for landlords and tenants, based in part on its experience in China, that includes colored carpets to create visual boundaries around desks, plexiglass shields between desks that face each other and signs that direct walking traffic in a single direction.

Fewer Meetings

Even when people do come back to the office, meetings will be limited, and large gatherings are out of the question. This week, Facebook Inc. CEO Mark Zuckerberg canceled all physical events of 50 or more people through June 2021. The vast majority of employees are required to work from home through May, and those who need to carry on doing so will be able to work at home through the summer.
The road to normalcy may be much longer than that. At Abcam Plc, a British protein research company, 40 out of 300 China-based employees started returning to work in Beijing, Shanghai, Hangzhou and Hong Kong on Feb. 14. Two months later, the company is running split shifts to maintain distancing for the roughly 50% of employees based in manufacturing, logistics and essential lab work.

The Factory

On Feb. 10, Winly Automotive (Wuhan) Ltd. was assigned a checklist from the government. To reopen, the company would be required to have a one-month stash of masks and sanitizer, take a photo of the supplies, and send it to officials before submitting to a detailed inspection. “The policy has been constantly changing,” said Wang Xuepan, one of the plant’s managers. “It’s very difficult for us to handle.”
In the Seattle area, Boeing Co. has worked with the Washington state labor department on a plan to reopen its factories. It will be doling out cloth masks to most workers, saving the gold-standard N95 masks for a select few in more hazardous conditions.
Unlike office drones, factory workers have to show up in person to get the job done. Figuring out what basic protections they’ll need is part of the challenge. At Boeing, industrial engineers are analyzing the sequence of work on its assembly lines to find ways to spread apart workers.

Taking the Temperature

Airbus SE has divided employees at its plants into red and blue teams, who don’t see each other because they use different routes to enter and exit buildings. Volkswagen AG is allotting more time between shifts and reducing expectations for production because it takes longer for people to move around each other at a safe distance. Ford Motor Co. is experimenting with wearable devices that would buzz workers if they get too close together.
While the virus can be transmitted by people with no symptoms, many manufacturers are doing temperature checks, whether with thermometers, thermal imaging cameras or — in the case of Fiat Chrysler Automobiles NV in the U.S. — reusable forehead strips.
Fiat Chrysler, whose CEO Mike Manley is one of the executives talking with Trump about reopening the economy, is requiring workers to fill out a health questionnaire two hours before reporting to work each day. They must bring either a hard copy, or scan a QR code with their phone, to prove they aren’t displaying signs of illness or exposure to the virus, according to documents obtained by Bloomberg. Workers can’t enter the plant without it.
Some companies are closing cafeterias in favor of vending machines. Dongfeng PSA in Wuhan is handing out prepared lunchboxes to employees, who must eat at least 1.5 meters apart with their backs to each other.
Zhejiang Geely Holding Group Co. said Chairman Li Shufu wrote a song to keep workers motivated through such dreariness. “A world full of expectations/Turned to dust of yesterday,” the lyrics go. “Their sorrow flowing into the sea/But the flower of love is quietly blooming.”

The Airplane

When air travel resumes in earnest, it’s likely that hand sanitizers, face masks and thermometers will become standard at most major airports, said David Powell, medical adviser for the International Air Transport Association, a trade group. All three have shortcomings, but can also reassure passengers, he said.
The International Civil Aviation Organization, which sets global flying standards, wants to establish a “public health corridor concept.” Under such a plan, major airlines, airports, public authorities and other parties would adopt common protocols for screening, boarding, in-flight procedures, arrivals, customs and baggage.
“We cannot all just stop flying,” Ansa Jordaan, the group’s chief of aviation medicine, said during an April 15 webcast.
Emirates Airline said this week it was the first to conduct rapid Covid-19 blood tests, with results available in 10 minutes for passengers flying Wednesday from Dubai to Tunisia. It plans to extend the procedure to other flights, according to Chief Operating Officer Adel Al Redha.
Other carriers are attempting less invasive measures. Etihad Airways, another major airline in the United Arab Emirates, plans to deploy touchless self-service devices at its hub airport in Abu Dhabi to identify travelers with medical conditions, including the early stages of coronavirus.
In the U.S., American Airlines Group Inc. plans to continue spacing customers apart during boarding and flights, conducting extensive cleanings of aircraft and reducing food and beverage service to limit contact, CEO Doug Parker said in an April 15 video message.
“When you do fly, aircraft cleanliness and social distancing matter greatly,” he said.

The Store

In China, it’s become standard to have your temperature taken any time you want to go shopping. Visitors to the Wuhan International Plaza luxury mall are checked for a fever at the door, before they queue up to be served one at a time at Louis Vuitton.
Levi Strauss & Co. disinfects its Chinese stores three times a day and requires temperature checks for customers, who are expected to wear masks before entering the store. Fitting rooms and products that have been tried on are disinfected each time they’re used.
It’s unclear whether practices implemented in China will make their way to other parts of the world, though several companies said they’ll learn from their experience in Asia.

Drive-Thru Shopping

Another technique is to keep shoppers out of the store altogether. Dixons Carphone Plc, the electronics retailer, is considering plans for contact-free “drive-thru” style stores to limit the risk of coronavirus for staff and customers. Shoppers would park outside, call the store to select items to buy, use a contactless system to pay and then open their trunks so staff could deliver the products.
Salespeople at luxury retailers in China were already using social media to engage with customers before the outbreak, but they’ve stepped up the effort since, adding clients on WeChat and sending them information about the latest trends. Louis Vuitton tried showcasing its summer product line in a livestream show on March 26 featuring a social-media star, but was ridiculed for the quality of the video. Sometimes there’s no substitute for personal contact.

The Restaurant

Buffets and salad bars will be re-thought, and self-serve drink stations may be “a thing of the past,” said Taco John’s CEO Jim Creel, who added that other changes are afoot at the 387-store chain. Taco John’s popular salsa bar — around for the past 15 years — may be removed.
“We hope we don’t have to take them out — that we’ll be able to figure out a way to make them still work — but I’m afraid the fear factor our there will force us to go to a pre-packaged option.”
A test of self-ordering kiosks may also get pulled back. “It was a good idea three months ago, but not so good today,” Creel said.

Phone Pay

In China, restaurants and even bars have opened back up in Shanghai, with varying limits on seating arrangements – some allow six to a table, others only one. In Beijing, restaurants are doing temperature checks. In Wuhan, most places are still delivery-only.
“In the short run, as dining rooms open back up again, you’ll probably see many restaurants space their tables a little bit further apart,” said Jack Li, CEO of menu researcher Datassential. “You’ll see more restaurants try to adopt phone pay. So not having to hand your money or card to anyone. You’re certainly going to see more places continue to do things like contactless delivery.”
Starbucks Corp. is taking a store-by-store approach to resuming business activities in the U.S., with services limited to drive-thru, delivery and takeout via mobile orders and contactless pickup.
“As we experienced in China, this will be a journey,” CEO Kevin Johnson wrote in a memo to staff on Thursday.

The Menu

Chains are cutting back menus, focusing on products that sell best and are easy to make. Romano’s Macaroni Grill has pared down its menu to 70% of what it used to be, saying goodbye to pizzas and calzones recently. McDonald’s all-day breakfast menu is gone.
Fazoli’s Italian restaurant chain is trying to secure Purell sanitizing stations – four for each store — along with “millions” of alcohol-based wipes for re-opening the dining rooms of its 216 locations. The company is also re-thinking bathrooms and looking into touch-less soap dispensers. It’s an investment, but a worthwhile one, says CEO Carl Howard.
“I want to let the consumer know I’m doing everything I can to keep them as safe as possible,” Howard said in an interview.

The Arena

Large public gatherings aren’t top of mind yet in China, but Trump and the people who run the U.S.’s biggest sports leagues appear aligned in their thinking that live games, at least in some form, are a critical part of helping the country recover.
“The progression needs to be open outdoor sports first, golf, tennis, swimming so that we can start to test the waters — that I’m fine with,” said billionaire Mark Cuban, who owns the NBA’s Dallas Mavericks.
One obstacle may be local politicians. When UFC floated plans to host an event this weekend on tribal land in California without spectators, it was pressure from politicians, including Governor Gavin Newsom, that led to its cancellation. Los Angeles Mayor Eric Garcetti has reportedly discussed the possibility of prohibiting large gatherings like concerts and sporting events in the city for another year.

The Movies

That said, there’s billions on the line for sports leagues, sponsors and media networks if the games don’t resume soon. Anthony Fauci, the nation’s leading infectious-disease expert, has said that that the only way to do that this summer is to close venues to fans and keep all the players, coaches and referees isolated from society.
Cinema owners are also waiting to see when health officials give them clearance to open up. Cinemark Holdings Inc., the third-largest U.S. movie chain, has been in discussions with major film studios about when to release blockbusters again. The chain’s management thinks they could begin bringing back staff starting in late June, then build up a marketing campaign for a broader re-opening on July 1.
The experience won’t be like it was before coronavirus hit. The chain will either have to limit the available tickets for each showing, leaving about half its seats open. Or it may eliminate reserved seating, so customers can voluntarily spread themselves out when they arrive. Cleaning will have to be ramped up, and opening hours may be limited to accommodate the changes.
“How long that will take? We’re not completely certain,” said Mark Zoradi, Cinemark’s CEO, on a call with analysts and investors on Wednesday. “But we’re planning on anywhere from one to three months to light up that engine again and then to begin with higher profile, new product.”

The Casino

Las Vegas casino executives have discussed opening with as little as one-third of their rooms available, with limited entrances where guests’ temperatures could be checked. Casino employees would wear masks and gloves, and gamblers would sit at least a chair apart at blackjack tables.
The moves are similar to what is already occurring in Macau, the world’s largest gambling market, where casinos closed for 15 days in February and reopened under tight restrictions.
The companies are also discussing enhanced cleaning techniques, something unions have requested.

Fun Parks

The $19.3 billion U.S. theme park industry is also making plans, though no one knows when gates will reopen.
When they do, employees may be wearing masks and temperatures may be checked not only at the entrances but inside as well, said Dennis Speigel, a theme park consultant in Cincinnati. Operators may also institute virtual queues, where guests snag a place in line through an app and come to ride when it’s their turn.
“The theme park of the future is going to have to take a much different turn, from distancing to wanding to cleaning,” Speigel said. “I’ve never heard the fear in the voices that I’ve heard. Nobody knows what they’re going to be doing.”
Bloomberg News - With assistance from Thomas Buckley, Thomas Seal, Dana Hull, Natalie Wong, Julie Johnsson, Charlotte Ryan, Christoph Rauwald, Kyunghee Park, Gabrielle Coppola, Shiho Takezawa, Tian Ying, Chunying Zhang, Keith Naughton, Mary Schlangenstein, Justin Bachman, Layan Odeh, Jordyn Holman, Deirdre Hipwell, Robert Williams, Kim Bhasin, Jinshan Hong, Claire Che, Leslie Patton, Kelly Gilblom and Christopher Palmeri.
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[the day HK saw its first coronavirus death] 😾Daily Recat😾 – TUESDAY 2/4

[the day HK saw its first coronavirus death] 😾Daily Recat😾 – TUESDAY 2/4
(DAILY RECATTM) [TUESDAY 2/4]
See list of prior RecatsTM here. Please visit the Hong Kong Protest Live Feed for up-to-the-moment news sourced from Hong Kong.
[NEW as of 2/21] Recommended English translation of article entitled, “K Kwong develops 100% locally produced masks with changeable filter as a challenge to N95” (courtesy u/Vectorial1024).
150,000 masks for Wuhan; 0 masks for Hong Kong. (Photo: Razven)

Recommended Viewing

* Razven thread re 9000 HKers queuing for masks, while the HK Commercial & Industry Association donated 150,000 masks to Wuhan via China’s Red Cross.
* Richard Pyne thread re poll results on what HKers want.
* HK Free Press article on how mainland China increased bus services to the port entries that Carrie Lam left open.
* Cezanne video of woman taken by police, kidnap-style.
* Real Time News posts first and second re woman from Wuhan.

New Laws, Legal Challenges, and Elections

* (Arrests and Trials) Part-time mall security guard arrested for “sending false messages with mobile phone” when he texted that some staff had fevers and called in sick (see RTHK article). Tuen Mun locals getting arrested for having gloves, umbrellas, and masks (see Bohemian post, Panda post).
* (IPCC) Lisa Lau Man-man, IPCC member, urges IPCC to release report.

Wuhan Coronavirus (COVID) | Hong Kong

* (Confirmed Cases) 1st death (39yo man who visited Wuhan and had diabetes; death referred to coroner’s court; see Xinqi Su thread). 16th and 17th cases confirmed (no travel, can’t track sources, 64yo female who was sick but kept working at clothing store, 60yo man with breathing difficulty); Director of Communicable Disease Branch of the Centre for Health Protection Dr. Chiang Shuk-kwan says new confirmed cases show there is invisible spread in HK.
* (Healthcare Providers) 7 medical staff at Queen Elizabeth quarantined after treating 68yo woman confirmed case in non-isolation ward.
* (Masks) Carrie Lam restricts coworkers from wearing masks (see Elaine Yu thread; RTHK article). Pro-Beijing DAB party urges Carrie Lam to distribute masks from government warehouses (RTHK article). Self-Help: Indonesia distributes masks to Indonesian helpers in HK. A shop announces 6,000 boxes of masks for sale; queue (see Razven thread with 9000 in queue).
* (Self-Help) Tin Shui Wai Connection (Stand News, Nikki thread). App for virus trail; hygiene workshops.
* (Miscellaneous) Eaton Hotel’s humanitarian mission re international university students from mainland. PolyU suspends in person classes.

Pro-Establishment

* (Border) Still not closed. Open Ports: Mainland increases bus crossings into HK over HK-Macau-ZH bridge that Lam left open. Crowds at Shenzhen Bay to get into HK. See HK Free Press article.
* (Masks) OldeWeaker prisoners are made to “volunteer” to work swing shift to make masks. See Elson Tong post; Aaron Mc Nicholas post. While HK is facing a massive mask shortage, the HK Commercial and Industry Association donates 150,000 masks to Wuhan via China’s Red Cross amid news that the Red Cross has been distributing masks to officials instead of the populace who need the masks.
* (Miscellaneous) Lam urges government workers to not use masks if not necessary (see RTHK article).

Protestors (Anti-ELAB and Coronavirus)

* (Healthcare Workers Strike—Day 1) First day of a full strike. The striking workers personally sign in to log how many have walked out on strike. Thousands attend and queue to hand deliver their letters to the Hospital Authority. Representatives of other unions attend in support. Over 7,000 (almost 10%) Hospital Authority workers participated in the strike. HAEA union leaders bow and apologize to affected patients. HAEA goes to visit Carrie Lam. See Kong Tsung-gan thread; Chris Lau thread; Damon Pang thread; RTHK article; second RTHK article.
* (Lunch With You—Landmark Mall, Central) Crowd gathers in support of the healthcare workers on strike. See Ryan Ho Kilpatrick thread.
* (Tuen Mun Temp Check) See Telegram posts here, here.
* (District Council) Southern District passed measure to create permanent Lennon Wall.
* (Kowloon Bay Health Centre) Locals object to location of a dedicated coronavirus clinic nearby. See Razven thread;
* (General Protests) Protests were held in various locations across the city to protest government’s failure to close the borders and its quarantine decisions: Tin Shui Wai (see Panda thread; Daniel Suen post; “I’m from Wuhan!”, “Ten years ago!”; Cezanne thread); Tseung Kwan O (see Panda thread; Real Time News post); Tai Po (see Real Time News post); Mong Kok (Passion Times posts here, here); Lai Chi Kok (toilet bomb; Xinqi Su post).

International and Mainland Reactions / Adjacent Sectors

* (US) Congress nominates HK pro-Democracy movement for Nobel Peace Prize.
* (Mainland China) Re Wuhan/Hubei: Pop-up hospital begins admitting patients. Red Cross punished. Re information blackout: China-controlled countries react quietly to coronavirus.
* (Macau) All casinos shut down for 2 weeks (see Xinqi Su thread). Will continue to buy masks from other countries (Carrie Lam asking CCP for masks).
* (Taiwan) Health Minister corrects WHO’s reporting of 13 cases; Taiwan has only 10 confirmed cases.
* (International Border Closings) North Korea; Thailand.
* (United Nations) A group hacked the UN website.
* (Australia) Mainland Chinese student lies about being from HK to Australia customs, then brags online. See Daily Mail article.
submitted by NonnyNu to HKGLounge [link] [comments]

Problem Gambling: An Interplay Between Law and Medicine and A Platform to an Interdisciplinary Approach to This Mental Health Disease- Juniper Publishers

Juniper Publishers- Journal of Physical Fitness, Medicine & Treatment in Sports

Introduction

Gaming and betting contracts are a practical expression of homo ludens: they symbolize a desire for entertainment, a ludic desire. That ludic desire of the player, symbolizing an eminently personal need, does not have enough material foundation to merit the right to legal protection, because it lacks economic interest [1]. This consideration is no small one. Governments worldwide are not keen to legalize the gambling activity. Social costs inextricably linked with gaming leisure industry underpin this widespread hesitation. Efforts concerning the creation of a sound responsible gaming model that strives to achieve the deemed harm-minimization is a definitely the goal that one ought to tirelessly pursue in this realm. This cannot be achieved without an interdisciplinary engagement between the knowledge creators (scholars, researchers, medical doctors) and the end-users (casinos, public entities, lawyers, psychiatrists, whose main purpose is to curb problem gambling).
As far as the aforementioned goes, there are not many papers that proficiently combine the legal side with the other side (medical, psychologic, psychiatric, neurological, sociological, social policy), aiming to curtail the issue of problem gambling. To shape a proper responsible gambling model it is crucially important to address the problem gambling in an interdisciplinary way. Needless to say, this is the main aim of this paper.

Background - What is Problem Gambling?

First things first. How can one outline an accurate definition of problem gambling or problem gambler? [2] Despite the existence of problem gambling, there have been ongoing difficulties with grasping a widely accepted definition of this mental health disease. Conversely, despite being often used, the legal taxonomy «responsible gambling» and «responsible provision» are also scarcely defined. «Although, differences in definition are quite important because they impact on solutions provided to overcome the problem» [3].
«For instance, the Australian Productivity Commission (1999), included a vast range of definitions of problem gambling that variously emphasized either symptoms (e.g., loss of control, chasing debts) or effects (e.g., disruption and damage to personal, family or work life). One widely accepted definition is that adopted by the Victorian Casino and Gaming Authority (VCGA) which states that problem gambling occurs “where a person´s gambling activity gives rise to harm to the individual player, and/or to his or her family, and may extended into the community» [4]. On the other hand, «Problem Gambler», as far as the Canadian doctrine is concerned, is widely carved out as any person whose ability to resist the impulse to gamble has been impaired, or whose gambling has compromised, disrupted, or damaged personal family, or vocational pursuits [5].
While gambling may be portrayed by the vast majority of gamblers as a dazzling form of entertainment and an enjoyable leisure pursuit, its very nature means that there are staggering risks involved in this activity [6]. «Problem gambling (PG) behaviours (as a reminder, problem gambling is a mental disease) occur when an individual gamble in a manner that exceeds their means, for money than they can afford and spending excessive time gambling, both which can cause deleterious effects on the lives of the gambler. Such effects may include neglecting family, health, hygiene, and even employment, as well financial obligations, which highlights PG as not only an issue at the individual level, but also for wider society. Indeed, for every PG there is potential for a multitude of individuals to be negatively impacted» [7].
Background - Problem Gambling, an Overall Shift of Perspective in Relation to Research and Theory?
«Over the last 15 years or so, the field of responsible gambling (RG) has developed from a basic interest in minimising gambling problems, to a fast-growing field of research, theory, and practice covering all aspects of the gambling experience. Even in the recent past, RG was typically the remit of perhaps one or two individuals in an organisation, maybe just a minor part of the primary role. However, over the last few years and in many gaming companies, RG has become a concept embraced at all levels from the CEO down to the point-of-sale retailer, and all those in between. Whilst some of this focus has been driven through regulatory policy and an increased awareness of problem gambling across many jurisdictions, much of the interest stems from a realisation that problem-free players make for a better business. That is, long term customers are going to be those who continue to play, without problems, primarily for reasons of leisure. In short, proactive gaming companies have developed socially responsible business models, that are based on increasing the number of moderate-spending, long-term repeat customers and, that strive to avoid custom from players with gambling problems» [8].
The burgeoning growth of Responsible Gaming practice has been accompanied by an overall shift of perspective in relation to research and theory. «Previously, RG was largely influenced by a view of gambling problems that primarily adopted a medical and/or disease model, with little control or power attributed to those that were most negatively affected. However, increasing support for individual autonomy has become the main issue. This position was outlined in detail by the «Reno Model» [9] which argues that responsible gambling should be based upon two fundamental principles: « (1) decisions to gamble reside with individual and represent a choice, and (2) in order to make good decisions, individuals need to be well informed. This shift in perspective also reflects wider social and cultural changes that have seen more of an emphasis on the importance of consumers making informed purchase choices across a variety of products and services. On the other hand, technological developments have become a driving force, for both the design of games and gambling environments, as well as for tools and services that can assist players to play responsibly» [10].
However, whilst there has been a significant development in research and technological breakthroughs in the Responsible Gaming realm, the translation of valid research into wide-spread practice has sometimes been slower to take effect than initially expected [11].
This portrays a huge gap between the above-mentioned knowledge creators and end-users. This gap surely needs to be bridged. But how?
By engaging in an interdisciplinary path that ought to connect both sides of the gambling industry (medical doctors, gambling leisure industry, lawyers) that would significantly boost the benefits of the global innovation in gaming leisure industry. There is no other way. This particular issue will be addressed later and its concretes features will be also thoroughly carved out.
Background - Problem Gambling as a Repository of Interdisciplinary Contributes: The Cardinal Importance of Empirical Evidence in the Context of Electronic Gambling Machines (EGMs)
Electronic Gambling Machines (EGMs) represent a sweeping part of the gambling leisure industry. It is widely accepted that EGMs are the core of gambling leisure industry, except in the casinos of Macau, where the table games, namely the Baccarat, heavily outweigh EGMs. That´s the reason why Knowledge Creators focus have been driven towards the empirical evidence for the differential impact of gambling outcome on behaviour in electronic gambling [12]. The research undertaken in this specific field has achieved a major breakthrough: EGM´s are the realm of addictive patterns of gambling behaviour as they enhance the illusion of control of the players about the outcome of the game. Furthermore, EGM´s are markedly the domain of the loss-chasing behaviour, the core characteristic of Problem Gambling, which can be thoroughly explained because:
Ǥ Approximately 13 % of EGM gamblers meet diagnostic criteria for problem gambling (PG) which is one of the highest rates of among all other forms of gambling. EGMs are interactive, computerised gambling platforms found in many licensed betting offices, casinos, and other leisure facilities.
§ They adopt variable ratio schedules of reinforcement that subject a player to addictive patterns of gambling behaviour. EGMs have been shown to instil and maintain irrational and superstitious beliefs, as well as distort concepts of randomness and probability that can contribute to illusions of control. Such features may act in maintain or indeed contribute to the onset of PG behaviours. § In addition, EGMs offer high maximum stake and prize sizes, where an individual can bet up to £ 100 on a gambling event and win jackpots equalling £ 500 and the fact that accessibility of EGMs are abundant on the high-street, means even inexperienced and leisure gamblers are at risk of increased rate and volume of loss, irrespective of whether they would be classed as PG or not. A rapid speed of play provided by EGMs offer fewer opportunities between bets to break trancelike dissociative states gamblers experience, as well as less time to consider one’s decisions in an informed and controlled manner.
§ The rapid event cycle in EGM play also allows for a high rate and volume of loss, which is allowed to further exacerbate if ones engage in loss-chasing behaviour – as stated above, a core characteristic of PG. Loss chasing may not however, be limited to PGs, and there is potential for the fast-paced characteristic of EGM play to negatively impact on» [13]. In this regard, a recent research (conducted by renowned scientists) has investigated how these EGM characteristics interact with winning and losing outcomes and the resulting gambling behaviour, «as there is wide body of evidence outside of gambling research that suggests gains and losses have an asymmetrical impact on affect and arousal, as well as cognitive capacity and decision makingessential components to controlled and rational gambling decisions [14].
Conversely, losses squarely compared to the bulk of wins, have a larger effect on physiological arousal. Hochman and Yechiam (2011) reported significantly larger pupil diameter and increased heart beat in response to losses compared to equivalent sized wins» [15]. On another hand, if losses lead to a greater increase in psychological arousal, this may result in the gambler´s optimal level of arousal being surpassed, which may be detrimental to rational decision making (crucially important when it comes to cease immediately the gambling endeavours) and lead to a loss of control during gambling, «where the fastpaced and high stakes features of EGM play may exacerbate the harm caused by a loss of control» [16].
Having this body of evidence very firmly in mind, it is very important to implement strategies that enable the gambler to remain in control during the gambling session so that gamblingrelated decision are made in a rational manner. Moreover, that assortment of measures embodies the deemed harmminimisation strategies that the legal side of gaming leisure industry should not forsake.
Background - The Importance of Empirical Evidence in the Context of Electronic Gambling Machines (EGMs) and The Harm Minimisation Strategies: The Pop-Up Messages and The Personalised Feedback
If wins and losses do indeed result in an asymmetrical impact on a gambler´s behaviour during EGM gambling, it is important to implement harm minimisation strategies in a timely manner before harmful behaviour augment or escalate. As a consequence, prior to the implementation of any harm minimisation strategies whatsoever there is a major paradigm shift yet to be undertaken: the problem gambling should be approached in a proactive manner rather than a purely reactive one. Meaning, knowledge creators (medical doctors and scientists) and end-users (gaming leisure industry, governments, lawyers) ought to synergetically contribute to the creation of healthy gambling environments in a timely manner.
Alongside the technological developments, research into cognitive psychology of gambling has shown that irrational gambling-related cognitions and misunderstandings inextricably connected to randomness and probabilities represent some of the key ingredients contributing to the initiation and maintenance of problem gambling in general, and in electronic (or online) gambling specifically [17]. «More importantly, it has been shown that problematic gambling behaviour can be decreased in response to cognitive-behavioural therapy and other cognitive interventions. As a consequence, some organisations and gaming operators are beginning to offer players information about common gambling myths and erroneous beliefs. Furthermore, players can now access general advice on healthy and responsible gambling» [18].
«A small body of empirical research has shown that educational programs about erroneous beliefs can successfully help change the targeted cognitions. For instance, Wohl developed an animation-based educational video regarding the function of slot machines, their results demonstrated that the animation was effective in promoting responsible play as demonstrated by those viewing the video staying within their pre-set limits. The study also showed that animated educational information on slot machines can be an effective to increase user adherence to pre-set limits» [19].
Research conducted in this realm have also shown that the way the information is presented to problem gambler has a significant impact. Several studies have duly investigated the effects of interactive pop-up messages during gambling sessions either taken online or in a simple brick-and-mortar casino. Static (and colourless) messages do not appear to be as effective, whereas interactive pop-up messages and «attractive and coloured» (say animated) information can thoroughly quash both irrational beliefs and behavior [20]. Stewart and Wohl (2013) highlighted that gamblers who have received a monetary limit pop-up reminder were more prone to adhere to monetary limits than participants who did not [21].
Increasingly arising on the horizon of the gambling field is the personalised feedback, developed for responsible gambling purposes. In sum, personalised feedback is a behavioural tracking tool, for responsible gambling purposes. There are several programs that constitute a striking example of it, such as Playscan, mentor, Bet Buddy [22]. Eulogized scholars emphasized that gamblers receiving carefully tailored feedback about their online gambling behaviour are far more prone to swiftly alter their gambling behaviour (as gauged by the amount of time and money spent gambling online or in a brick-and-mortar casino) compared to those who do not receive a tailored feedback [23].
«A recent study investigated the behavioural change in 279 online gamblers that received personalized feedback after they had signed up to a voluntary service (i.e. mentor) at a European online gaming website. Those signing up to use the personalized feedback system were compared with 65, 423 matched controls. The preliminary results of that study show that personalized behavioural feedback within a motivational framework appears to be an effective way of changing gambling behaviour in a positive way (i.e., players significantly reduced the amount of time and/or money they spent gambling after receiving personalized feedback). For instance, if a player significantly increases the amount of money they have deposited over a half year time period, they received the following message: “Over the last 6 months the amount of money deposited into your account has increased. Are you spending more money than you intended? You can check the account you have spent gambling on your account page and use our helpful tools to set a daily/ weekly/monthly limit» [24].
The aforementioned example conspicuously portrays that the messages are non-confrontational, attractive, colorful, personal, and motivational. Additionally, the often-emphasized interactive aspect was taken into account through the use of a pop-up window that has been carved out into the casino operator´s gambling site [25]. Overall, the personalization approaches outlined above strive to significantly alter a person´s behaviour via behavioural feedback. Such approaches are underpinned on both the «Stages of Change”» model (Prochaska & DiClemente, 1983) and «motivational interviewing». Specifically asserted the paramount importance of carefully tailored information. In their study they have summarized a vast array of motivational psychology literature to develop a motivational framework based on the Transtheoretical (i.e. States of Behaviour Change), «which states that individuals attempting to change their behaviour in some way go through a series of stages (i.e., pre-contemplation, contemplation, preparation, action, maintenance, and relapse)» [26]. For each stage, they highlighted the motivational goal (s), and recommendation (s) as to how technologies can motivate sustainable energy usage behaviours by people [27]. In sum, behavioural feedback systems enable an optimistic approach of responsible gambling, as they achieve the targeted goal of helping the players sensibly limit the amount of time and money spent gambling [28].

Discussion

The implementation of a responsible gaming model does not override an interdisciplinary approach. Quite the opposite, the foundation of a proper and sound responsible gaming model cannot be successfully applied without an interdisciplinary approach. Conversely, in order to embrace such a challenge, a collaborative approach between the knowledge creators (e.g., researchers, medical doctors and academics who effortlessly study the social and medical phenomenon of problem gambling) and end-users [29] (e.g., policy makers, lawyers, gambling industry, regulators, gamblers) is now needed more than ever. A collaborative problem-solving between knowledge creators and end-users ought to be based not only in a science-based empirical approach, as emphasized by the Reno Model, but be shaped through linkage and exchange of knowledge between both sides of gaming leisure industry.
As far as an interdisciplinary approach goes, mutual learning in the gaming industry requires the input of a wide range of stakeholders, as the aforesaid mutual learning has multiple stages such as planning, producing, and applying existing empirical research, and its concrete implementation in practice should not disregard the input of any the end-users or decision makers. An interdisciplinary approach of responsible gaming is a two-way street: researchers produce and gather empirical research and decision makers tend to apply existing or new research in decision-making. Researchers do not successfully transfer their empirical findings without the input of the decision makers; conversely, decision makers cannot benefit from an evidence-into-practice approach if they not successfully engage with the researchers.
An effective knowledge exchange involves, oftentimes (if not always) the interaction of both sides of the gambling industry aimed at accelerating the benefits of global innovation in this realm. Therefore, knowledge creators and decision makers, as they are planted itself squarely in the middle of the gambling industry, play a pivotal role both in the creation and implementation of harm minimizing strategies and, ultimately, in the construction of a functional problem gambling model.
Because of that they are the key players of the process of taking knowledge and converting it into practice; they are the protagonists of a strategic framework that intends to bridge the gap between theory and practice.
The guidelines for the implementation of an interdisciplinary approach of responsible gaming, can be summarized as follows:
a) The deemed Knowledge Exchange (KE) is a process of taking knowledge and converting it into practice;
b) KE is a form of interdisciplinary engagement between the knowledge creators and decision makers;
c) To ensure mutual learning, knowledge creators and decision makers should arrange regular meetings and issue joint statements about the major priorities of problem gambling;
d) Knowledge creators and end-users should provide guidelines and recommendations in implementing harm minimization strategies;
e) The creation of a task-force of specialists in psychology, psychiatry, sociology, law, that should jointly operate inside the casino facilities;
f) This task-force should be primarily responsible for the implementation of harm minimization strategies and complementarily should be also responsible for training the casino staff, as far as spotting, tracking down, identifying and handling the problem gamblers is concerned;
g) The needs of the end-users should be timely identified by the knowledge creators;
h) To facilitate the aforementioned goal, an atmosphere of trust between the knowledge creators and the end-users is needed;
i) To facilitate that reciprocal approach, regular briefings should be held in order to discuss preliminary results of the implementation of harm-minimization strategies, such as the aforesaid, personalized feedback, loss-limits, win limits, pop-up messages;
j) The communication channel between the researchers and the end-users should always be open, as their relationship should be strengthened through linkage, exchange and joint production;
k) The public entities, or governments, should play a pivotal role as well in establishing priorities, preferences, and goals related with the problem gambling;
l) Moreover, governments should create joint structures that, symbiotically, address the issue of problem gambling;
m) Those joint government structures should have an interdependent relationship, and they should hold meetings and briefings in a regular basis with the casino operators and their interdisciplinary teams;
n) In a regular basis, that joint structures should issue joint guidelines, and should issue joint statements in which they set up harm-minimization strategies to curb problem gambling;
o) Governments who depends heavily on the gaming revenue, for instance Macau, should take the problem gaming seriously;
p) As a consequence, a responsible gaming model should be embraced by the government of Macau, and its focus should be geared not only towards the problem gamblers but, likewise, the positive players, those who just play for fun – in the long run, those are the ones that will keep going to the casinos and not the problem gamblers;
q) Therefore, positive play should be, more than ever, an axiom that the government of Macau should take into account.
r) Focus groups constituted by decision makers from the casino industry and the problem gamblers should take place in a regular basis, in order to assess and appraise ongoing harm-minimization strategies.
s) Problem gamblers input should be taken into account; as far as setting up feasible responsible gaming features, their insight is invaluable.
t) Problem gamblers family should also participate in the process of creation of harm-minimization strategies - they are the core of the personal structure of the problem gambler, and they are the ones who can provide the muchneeded guidance and support throughout the whole process of dealing with the problem gambling.

Conclusion

Problem Gambling is now so ingrained in the culture of gaming industry as a whole that it will not cease to be a part of service industries anytime in the foreseeable future. For this very reason, an interdisciplinary approach to problem gambling poses a considerable challenge to the casino industry as a whole. For the sake of long-term sustainability of gaming industry as a whole, such a challenge should be timely embraced.
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Today's Pre-Market News [Monday, June 3rd, 2019]

Good morning traders and investors of the wallstreetbets sub! Welcome to a new trading month and a fresh start! Here are your pre-market news this AM-

Today's Top Headlines for Monday, June 3rd, 2019

STOCK FUTURES CURRENTLY:

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LAST WEEK'S MARKET MAP:

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TODAY'S MARKET MAP:

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LAST WEEK'S S&P SECTORS:

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TODAY'S ECONOMIC CALENDAR:

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THIS WEEK'S ECONOMIC CALENDAR:

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THIS WEEK'S UPCOMING IPO'S:

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THIS WEEK'S EARNINGS CALENDAR:

$CRM $GES $CLDR $SFIX $BOX $MDB $TIF $CIEN $COUP $FIVE $CBRL $AEO $DOCU $CPB $SMAR $GME $APPS $CTK $ZM $NAV $AMBA$DOMO $DCI $UNFI $GWRE $SJM $CAL $SAIC $PVTL $SIG $CSWC $HOME $OESX $GIII $VRA $CMD $ESTC $BYND $KIRK $OLLI $HQY)
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THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:

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THIS AFTERNOON'S POST-MARKET EARNINGS CALENDAR:

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T.B.A.

EARNINGS RELEASES BEFORE THE OPEN TODAY:

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EARNINGS RELEASES AFTER THE CLOSE TODAY:

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FRIDAY'S ANALYST UPGRADES/DOWNGRADES:

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FRIDAY'S INSIDER TRADING FILINGS:

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TODAY'S DIVIDEND CALENDAR:

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THIS MORNING'S MOST ACTIVE TRENDING TICKERS:

  • GNCA
  • GOOGL
  • CY
  • LK
  • T
  • BA
  • EE
  • VZ
  • TEVA

THIS MORNING'S STOCK NEWS MOVERS:

(source: cnbc.com)
Apple – Apple holds its Worldwide Developers Conference Monday and is reportedly set to announce the end of its iTunes store. Bloomberg reports that iTunes functions will be divided among three newly developed applications.

STOCK SYMBOL: AAPL

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Alphabet – Alphabet’s Google unit is the subject of an upcoming antitrust probe by the Justice Department, according to multiple reports. The probe will focus on Google’s search and other businesses.

STOCK SYMBOL: GOOGL

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Cypress Semiconductor – The chipmaker will be bought by Germany’s Infineon for $23.85 per share in cash, a 34 percent premium over Friday’s close. The deal is valued at $10.1 billion including assumed debt.

STOCK SYMBOL: CY

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FedEx – China is launching a probe of FedEx following accusations that packages intended for telecom giant Huawei were diverted.

STOCK SYMBOL: FDX

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Humana – In an SEC filing, Humana said it did not intend to make a proposal to combine with health insurer Centene as an alternative to Centene’s planned acquisition of WellCare Health Plans. Humana said this statement was a one-time exception to its policy of not commenting on market rumors.

STOCK SYMBOL: HUM

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Goldman Sachs – Goldman is buying Capital Vision Services – manager of the MyEyeDr optometry practices – from a private equity firm and a Canadian pension fund. Goldman did not reveal financial details but the Wall Street Journal reports that the deal is worth $2.7 billion.

STOCK SYMBOL: GS

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Blackstone Group – Blackstone is buying industrial warehouse assets from Singapore logistics provider GLP For $18.7 billion, in what Blackstone said is the largest-ever private real estate transaction.

STOCK SYMBOL: BX

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Boeing - Some of Boeing’s 737 MAX jets may have faulty parts, according to the FAA. Boeing said it has identified 20 jets that most likely to have faulty parts and plans to check another 159 for the same parts.

STOCK SYMBOL: BA

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Facebook – Facebook has been in contact with the Commodity Futures Trading Commission about rolling out a digital currency, according to the Financial Times.

STOCK SYMBOL: FB

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Fiat Chrysler – Fiat Chrysler is discussing an improved bid for French carmaker Renault, according to Reuters, in order to win backing from the French government for a deal.

STOCK SYMBOL: FCAU

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Merck, AstraZeneca – The drug makers reported upbeat study results involving their Lynparza drug. The treatment successfully stalled the advance of pancreatic cancer in certain patients.

STOCK SYMBOL: MRK

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Wynn Resorts, Las Vegas Sands – These and other casino operators in Macau may see their stocks benefit after gaming revenue in Macau hit a five month high in May.

STOCK SYMBOL: WYNN

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Waste Management – Waste Management was upgraded to “outperform” from “sector perform” at RBC Capital, which cited the company’s unique positioning within its sector.

STOCK SYMBOL: WM

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Salesforce.com – J.P. Morgan Securities removed the stock from its “Analyst Focus List”, based on current valuation following a 2½ year gain of 121 percent.

STOCK SYMBOL: CRM

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DISCUSS!

What is on everyone's radar for today's trading day ahead here at wallstreetbets?

I hope you all have an excellent trading day ahead today on this Monday, June 3rd, 2019! :)

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macau casino industry report video

Tony Tong on Protecting Macau gambling through transparency Sic Bo Macau's leader warns of over-reliance on casino industry ... Crown Macau Casino Operations - James Packer, Junkets and ... The Asian Casino and Gaming Congress 2011 Foxconn Ordered To Remain Closed, Ralph Lauren Store Closures, Casino's, & Supply Chain Disruptions Macau Happy New Year! Walking Macau: Main Street before the Coronavirus Vivo Gaming - Sun Macau Live Dealer Studio Wynn: Nightclub Industry

Macau Casinos Report Strong Bookings for Golden Week, Five Hotels Say, ‘No Vacancy’ Posted on: September 15, 2020, 01:39h. Last updated on: September 16, 2020, 08 Macau junket executives said while China was not targeting the Macau casino industry itself, the focus on money laundering and illegal transactions put pressure on liquidity. Macao, the world’s casino capital, had 41 casinos as of 2019. In 2019, the city generated gross revenue of 36.7 billion U.S. dollars from gaming and gambling. As the only part of China where Macau Casino Stocks Drop Following Poor August Gaming Revenue Report, Hong Kong Turmoil. Posted on: September 3, 2019, 09:20h. Last updated on: September 3, 2019, 10:45h. Macau casino operators expected to report over $800 M quarterly loss Macau's casino industry has seen gaming revenue plunge by no less than 90% for six straight months as the coronavirus pandemic forced countries to shut borders. Macau Casino Industry Reveals 2Q20 Financial Results. by Muhammad Gregory, 11 July 2020. The complete and unprecedented halt of business for the Macau casino industry since late February 2020 is one of the biggest existential threats the prosperous city has faced since it established itself as the ‘Las Vegas of the East’. This report analyzes the Global Casinos & Gambling Industry in its report Analyzing the Global Casinos and Gambling Industry 2020. M.5 Rio Casino Resort M.6 MGM Macau M.7 Sands Macao In 2019, the casinos in Macao contributed a revenue of around 36.73 billion U.S. dollars, over three times of the casino gaming revenue in Nevada. As of 2019, there were 41 casinos located in Macao. Although Macau continues to face challenges since late 2014, the prospect of Macau gambling industry is still optimistic in the long term, as there are emerging positive catalysts which will boost The future of the Macau casino industry reportedly remains positive with aggregate gross gaming revenues likely to rise over the course of 2018 despite the sector facing the dual challenges of combating organized crime and potential terrorist attacks.. According to a report from Asia Gaming Brief, this prediction came from specialist risk mitigation firm Steve Vickers and Associates Limited

macau casino industry report top

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Tony Tong on Protecting Macau gambling through transparency

Vivo Gaming is an innovative company specializing in bringing emerging technologies into the online gaming industry with 15+ years of live dealer and B2B experience. We are a software supplier ... Story filed in 2009 for Australian Current Affairs program Today Tonight. This investigation how the James Packer owned Crown Macau became the casino with th... Ralph Lauren announced they would be closing half their stores in China and the luxury industry is expected to take a heavy hit. The Casino's in Macau have also been closed for two weeks. Sign in to report inappropriate content. Sign in. Add translations. 36,419 views. 28. ... How to play Casino big small electronic table sicbo game - Duration: 0:20. alice pang 21,550 views. Macau Chief Executive Ho Iat Seng has warned of the territory's over-reliance on gambling, in the wake of the COVID-19 pandemic. The government will spend mo... 2017 in the Galaxy Casino they knew how to celebrate the year of the rooster! ... Macau Happy New Year! Kay Gillett. Loading ... Top 12 Fastest Growing Industries In The World - Duration: ... This is what Macau was looking like JUST BEFORE the coronavirus hit the city. Footage from January 3, 2020. The Asian Casino & Gaming Congress (ACGC) incorporates the 3rd Annual Asian Gaming & Regulation & Investment Summit, plus two specially focused days on Operations & Strategy and Marketing & CRM ... Originally published on May 17, 2016 Tony Tong of MGIA and He tells us about the newly established organization and the role to the gambling industry. Visit:... Steve Wynn discusses changes in the nightclub industry in Vegas during an interview with Robin Leach.

macau casino industry report

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