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About last time we talked but I.
I was all the rage and now people are talking about Euro Vegas to tell us about it.
Billionaire -- Natal.
And is making a big fat and Madrid and -- saying seventeen.
And building theater convention -- where three golf courses six had a talent and 36000 Rwanda has calling eight Euro bay -- I find it very ironic that a country that's been decimated by -- real estate.
Speculative real estate market is making another big real estate speculation and -- recover from the financial crisis.
Dad kind of a -- little -- there mean LBS his says stock is down 10% or so in the past year also Philippines making a push.
For gambling what's going on there.
Well tomorrow they'll -- his opening.
Their first casino that could possibly rival Macau it's a one point two billion dollar project.
And they're going to be competing for the same BI TBI he.
Client how that Macau is competing for.
-- not dissimilar to compete quite you know what throughout -- been invited people ask questions on Twitter let's check in with with this one.
Disney junior 22 my protege says -- with the -- Passing a fully legal online gambling in the US -- the casino revenues a large amount to Smart question what do you think.
The ball online gambling could be up to a twelve billion dollar.
Industry -- and I think that there is room for both.
GAAP of course -- New Jersey this state lawmakers there have ensured that.
To be allowed to do legal online poker playing in Jersey you gotta have a casino license -- favors the incumbents got another Twitter follower -- -- Coles who asked us.
What is the best -- and that -- invested in this is good too familiar firm doesn't want to recommend specific stocks but you know you are the grave dancer tier clients you do look at.
Jails guns gambling alcohol liquor what's the best -- raven.
Well I think that the casino gambling industry is by far the best industry to invest -- I think it's not the greatest growth potential.
I think that the Macau story is very much intact.
And I think that it's gonna be the best long term secular investment.
The best long term secular investment OK now let's look at some gambling -- -- Las Vegas Sands.
-- -- down 10% faster but this one -- hadn't heard of much of Mel -- -- up 50% in the past years I'm not asking you recommend that I'm just asking you why that lesser known brand is up 50% when the other two big brands are down 10%.
Another candidate came -- -- care plan mad -- I'm the cow revenues have ban astronomical.
Over the last.
A couple of years you're you're looking at any area of the world where.
It's a 38 billion dollar gambling market and -- it will not announcing a lot of mass market gamblers come into.
Mad -- and the profit margins are just so much greater for mass market you're looking at 40%.
Margins compared to 10% for VIP -- I'm alright and one last Twitter question -- -- -- Joseph Coleman now wants to know.
There'll always be a large market for such vices of the question then becomes.
Is it an ethical.
I thought his longest of the legal it definitely -- set.
Well I think that's it up to every person to judge for themselves I will say.
I gambling perspective -- look at the various territories Singapore's grappling with this very issue right now.
Because of the rise of problem gambling and Singapore's one of those countries where they care about the social costs of gambling.
And broken families and that being two of those cost and are doing things to curve to those effects.
Other countries they don't really concern themselves with that because the cultures are deeply rooted and in gambling and other -- you know casino gaming in particular.
-- Singaporean they did once outlawed chewing gum so there's that all right thank you very much for being -- today rabies shot -- time Kim okay.
All right coming up.
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