China's Economic Crimes Investigation Bureau will reportedly begin electronically monitoring all money transfers that use the China UnionPay payment system, according to the South China Sea Post. A casino insider reportedly told the publication the new monitoring will be the "new normal" in Macau.
"This seems directed at the junkets more than the mass floors," a Macau-based analyst told the paper. "But I think the casinos' own VIP marketing teams ought to be cautious, too. If the Public Security Ministry is involved, this is most likely part of Fox Hunt. They are looking for big guys, not the rank and file."
TheStreet Ratings team rates LAS VEGAS SANDS CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate LAS VEGAS SANDS CORP (LVS) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."