he was raising red flags over at macao. i remember saying and joking with him, sitting in the casino having that conversation, and he's talking about what's going on over in macao. not talking about the names he's short, but raising the signs maybe it's time to worry that the boom times there may be coming to an end. >> i would say this, macao is obviously the gaming hub of the world. but to me that japan story, i don't know, there could be some possibilities if they really do -- you're not talking about a country that's really all that much exposed to gambling right now in any legalized format. if this happens, could it be a massive demographic play? >> depends. look at singapore slowing. the expectations were tremendous, hot start, now slowing as well. so dr. j., what do you make of the singapore news, the macao disappointment, relatively speaking, up almost 10%, but below expectations. >> and i think you guys are putting it in perspective. but it was up nearly 10%, as you say. it's up 15.8% from the beginning of the year

it's the life blood of macao. brings in seven times the revenue that vegas does.nd some volatility in some of the casino stocks. the hottest calls were at mgm, which some analysts call the best way to play a vegas resurgence. i don't know about you, baccarat, i can only see james bond and you, melissa, playing. >> i don't gamble at all. >> and we had a big event, the floyd mayweather fight, that probably accounts for some of the uptick we're seeing in baccarat. but i've also been there a couple of times each year over the last couple of years. looks like foot traffic is up, and seems like they're on the mend. he spoke to mgm. they have ties to china. also are awaiting approval of a new casino in massachusetts. so, another potential area of growth. i would go with this one. >> and you have a call calendar. walk us through. >> i'm just looking at the july to january 26 call spread. you can buy them for about $2.50. i just don't see a whole lot going on throughout the month of july. because of the holiday and people are going to be waiting on earnings. >> and just te

>> i just don't -- i don't like macao.me out and said the chinese visa, only stay there five days now instead of seven. really focused on it and the only way to get cash out of china, and with foreign investment now really starting to take a hit in china, i think the folks will see it more. i do like the japan play but that's years down the road. that's going to be expensive up front. stay away from them. overvalued still. >> murph, own any casino names? >> i don't. i'm looking. there's a rub on them there's going to be some legislation or something slowing down somewhere. look at the history, judge. >> i got two guys sitting at the pai table, afraid to put chips down. having the drinks, enjoying the free drinks and, dealer says, are you guys in? you're like, no, i'm not in. >> scott, you got to know when to hold them and know when to fold them. i'd wait for a better entry point. looking at a win, doc pointed out. down $50 off its recent high. sets up to be interesting, in my opinion. >> scott, if i'm a little offbeat here

. >> nobody should be surprised about this, we just got this report out of macao a week ago where it cited a slow down of vip gaming customers. >> absolutely. >> you didn't have to wait until today to see the stock fall. >> you really didn't. wonder if the downgrade today a capitulation. i don't like these names. i wouldn't be in them right now. that maccould neacao news could normally see a pull back like this from the high 80s to low 70s look at it you don't need to jump into las vegas sands yet. if you want to own it, i think it goes lower. >> a late call. nice to get the call before the data not two weeks after. >> but zero catalyst at this point. if the government is focussing on core flunks general that's a big, big headwind they have to get through. >> talk best buy, increasing the dividend more than 11%, steph. >> this guy this ceo and this board, they are working their tails off in terms of trying to deliver, trying to improve margins doing what they can for share holders in the face of ridiculous competition and i think the stock can continue to work 'cause they are going t

macao.2014 hasn't been great for casinos so far but a new report from bloomberg industries says that is set to change next year. we are joined now. tim. good to see you. take a look at the second half of the year. remind us how the first half has gone. >> it is tough. we have gone from elation to epression. there are a number of obstacles hat caused pressure on growth. slowing capacity expansion. a shift from v.i.p. to mass market which makes a ton of strategic sense but has a negative impact on top line revenue growth. >> it is hard to turn things around. you have to slow down into the curve or you go off the rail. >> there is no doubt. another big aspect of what has transpired are comparisons. it is very difficult year over year comparisons that actually get more difficult over the course of the third quarter than we have even been in the second quarter. all of this has brought the stocks down significantly. we have gone from sort of elation to depression. not quite depression yet. but you