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<p>[QUOTE="10gary22, post: 998845, member: 23626"]We get an awful lot of gaming news being in Las Vegas. With Wynn having such a financial stake in Macau and possibly moving his headquarters there within the next two years, we often get information through that sector. As to whether the Chinese government needs to convert Gold to Cash to maintain is't social programs required to keep the stability there. Who really knows. But if the rumor has come through the channels I suspect it has, it is something that should be kept on the back burner. The Gaming Industry may be in a slump, but the billions of dollars they have lost has not truly affected the operation of hotels here to the extent they would have you believe. Restructured debt loads and tax liability waivers seem to be the biggest benefit.</p><p> </p><p>No, China would not broadcast their future moves. That is why it is a "rumor". lol</p><p> </p><p>Certainly, information like this may be leaked just to move the Gaming stocks. Like everything else, they need to move for profits and brokerage fees to happen. Up-Down, it doesn't matter, as long as they move. I believe most of the players straddle them. So the greater the violatility, the more money made.</p><p> </p><p>Gary[/QUOTE]</p><p><br /></p>
[QUOTE="10gary22, post: 998845, member: 23626"]We get an awful lot of gaming news being in Las Vegas. With Wynn having such a financial stake in Macau and possibly moving his headquarters there within the next two years, we often get information through that sector. As to whether the Chinese government needs to convert Gold to Cash to maintain is't social programs required to keep the stability there. Who really knows. But if the rumor has come through the channels I suspect it has, it is something that should be kept on the back burner. The Gaming Industry may be in a slump, but the billions of dollars they have lost has not truly affected the operation of hotels here to the extent they would have you believe. Restructured debt loads and tax liability waivers seem to be the biggest benefit. No, China would not broadcast their future moves. That is why it is a "rumor". lol Certainly, information like this may be leaked just to move the Gaming stocks. Like everything else, they need to move for profits and brokerage fees to happen. Up-Down, it doesn't matter, as long as they move. I believe most of the players straddle them. So the greater the violatility, the more money made. Gary[/QUOTE]
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