August 2008 Reconsidered
It's amazing how compelling thoughts enter the brain while doing mundane tasks... in this case "doing the dishes."
While thinking about the August 2008 drop in RCV as reported by AMAX and their assumption that it was caused by visa restrictions from the Chinese government, I had a gold medal of an observation : what about the Olympics?
I'm sure that the 2008 Beijing Olympic Games had a serious impact on travel to Macau, 08-08-08 or not.
Pardon me if the following observation is a little 'tin foil hat' - I just can't help myself. Follow me here... AMAX' (MPEL by proxy) pinpointing the drop in RCV and other revenue on Chinese visa restrictions (when it was really caused by the Olympics) could be - if true - a phenomenally astute bait-n-switch political move. I wouldn't be surprised if we see other gaming companies raising the ante along with AMAX/MPEL's RCV 'bluff' that in the hopes to throw a curveball to those who administer the visa restrictions. The potential outcome would be for the restrictions to be loosened or removed altogether.
Paranoid? Conspiracy theory? Standard business practices? What do you think?