Quote of the Day

“We believe sentiment has recently benefitted from comments made earlier this month by Li Gang, the director of the Liaison Office between Macau and Mainland China, where he stated that the central government is going to release more measures to support Macau’s economy and that most of these measures (no details were given) will relate to the gaming industry.” — from a report by J.P. Morgan analyst Joseph Greff. Like, duh, Mr. Li. Eighty percent of Macao’s economy is gaming. What else are you going to prop up?