Deutsche Bank/Goldman Sachs sponsored the Gaming Investment Forum on November 13-14 as part of G2E. Many of the presentations are available for rebroadcast and are well worth the time to listen to them.
One very good presentation was made by Galaxy about Macau. It was refreshing to get a different perspective than one gets from WYNN and LVS. Some key points:
* The infrastructure won't be sufficient on Cotai until 2012. Even today, Galaxy provides 130 round trip buses a day to move people to and from its Grand Waldo. When Venetian opens, 50,000 people/day will have to be transported. The government better get moving on the light rail system.
* The Chinese middle market is still ten years in the future.
* Will Cotai get sufficient convention business considering Hong Kong, with its 8 million people and its position as Asia's financial capital, isn't overburdened?
* I liked one comment he made, to the effect that there is a great dichotomy between Macau and Vegas operators on the future market. Maybe, I'd better start saving up to pay off my bet with Hunter.
To listen to any of the presentations, go to the following link which has two pages, one for each of the two days:
Gaming Investment Forum Presentations