this country is really marina bay and macao based company, that's singapore and macao i think everybodyknows that macao in particular, you've had a lot of restrictions and that has hurt their business. i would like to offer the following. number one, they have a good amount of cash right now available because they had some periods of negative cash flow, but they've got over 6 billion bucks in cash net debt around 9 billion. here's something to think about. the company right now, round numbers. it's actually slightly lower than enterprise value around 40 billion versus an all-time peak of around 60 this was a company that was able to generate north of $3.7 $3.7 billion annually in free cash flow at its peak, and if you're making a bullish bet here, what you're planning on is that we're going to start seeing people return to the tables. you can't really look to the last couple of years to represent how you think this company is going to do going forward, and when we take a look at it in that sense, i think that there's -- believe it or not, over the course of the next couple years, as muc

macao in particular, everybody knows you have a lot of restrictions and that hurt their business i wouldlike to just offer the following. number one, they have a good amount of cash right now available because they had some periods of negative cash flow, but they have over 6 billion bucks, net/debt around 9 billion. the company right now, round numbers, actually slower, enterprise value 40 billion versus an all-time peak of 60. this was a company that was able to generate north of $3.7 billion annually in free cash flow at its peak. if you are making a bullish bet here, what you are planning on is that we're going to start seeing people return to the tables you can't really look to the last couple of years to represent how you think this company is going to do going forward. when we take a look at it in that sense, i think that there is, believe it or not, over the course of the next couple years as much as 50% potential upside. in this market environment it's hard to look a couple years out. we are really looking at a couple days, weeks or months out. this is a company where the situati

neighboring visitors to travel to macao and there will be the gradual resumption of group tours.nment tourism official predicts as many as 40,000 daily visitors next month. still well off prepandemic levels of 113,000 visitors per day, according to official tallies. but this is a real improvement on tourism this year which has been down 86% from 2019. jeffries has just upgraded wynn and las vegas sands to a buy and increased the price target but, of course, there's still a lot of headwinds here. they have a surprise competitor, and you have also these questions about whether covid restrictions will still follow that zero-infection policy >> contessa, appreciate that lindsay, i wonder what you make of this theme. trying to read china industrial policy has been confounding this year >> yeah, you know what, this is a positive news story for these companies, especially like a wynn and a las vegas sands it gives some clarity to what is a very complex story the news does benefit these companies and i think what investors need to think about is this is a longer-term trajectory it will b

not a single country in europe has any states, there are only chinese cities ahead of us, mainly macaoore chinese cities. that's digital literacy. we have now carried out a study in the second place. denmark got ahead, but we will try. moscow healthcare is the second in a maybe the first in terms of the level of criticism is that all of us are bad, the doctors do not get through and the ambulance. it doesn't work that way for us. fifth tenth. so, when there was covid , it suddenly turned out that moscow healthcare was the most accessible. that when, especially the first wave was in new york, people paid more than 100,000 dollars to get into intensive care, just in case, free and fast, and in general, there was no restriction at least, well, it was difficult, but that’s not less the system withstood. well, here's an example. how bad it is for us, and how it is for them ok. waiting for scheduled outpatient appointments with insurance doctors berlin the coolest healthcare in the world the coolest it doesn't happen 28 days we have three the coolest london almost 100 days i'm not talking ab

stocks trying to hold on to gains this morning, especially those with significant exposure to the macaoves really come as local media reports that the chinese government is studying strategies to further support tourism in that gambling hub of macao, so you can see big moves higher, about 4% to 6% for the big guys now back to you. >> dom, see you in a bit coming up, a big show on "tech check. tony shue talking everything from inflation to the stock, down over 70% in the last full year of trading. in the meantime, "squawk on the street" is back in a moment. ♪♪ you know real chili never has beans. you know which pizza is eaten with a fork and a knife... and which one is definitely not. you know a cappuccino is for the morning and an espresso is for the afternoon. you know how to answer "sparking or still" in over 12 different languages. you'll try anything that's not currently alive... unless of course it's highly recommended. the delta skymiles® american express card. if you travel, you know. >>> welcome back corporate board diversity has seen a big jump over the last two years and berth

starting to look at are there other entertainment possibilities, like should there be a theme park in macao when people come like las vegas, yes, grandma can gamble but you also have things for children to do and a more diversified economy. >> interesting stuff. >>> let's get to bertha coombs with our cnbc news update. >> here's what's happening at this hour. former u.s. secretary security contractor edward snowden has been granted russian citizenship. snowdon has been living in russia since 2013 to escape prosecution in the u.s. for having leaked secrets about american surveillance programs. >>> in rio three people have died during a police operation against drug gangs traffic on some main roads ground to a halt as commuters reportedly left their cars to take cover from bullets flying overhead. >>> and back here at the white house, president biden welcomed the atlanta braves to celebrate their world series win from last year he called their come-from-behind victory one of history's greatest turn-arounds. >> you made the playoffs and beat the brewers and dodgers, and then you beat the astro

money circulating the league, both internally and externally >> plus, one of the big six casinos in macaorisk of losing its spot. that name when "power lunch" returns. contessa's here to tell you about it - yieldstreet presents: alternative investing with kal penn and older kal penn. - oh, the stock market is doing that fun thing again. - hey news from the future, you're going to live through that about 10 more times. (laughs) - oh, it's no stress. i just discovered yieldstreet. they vet investments that don't ride the stock market rollercoaster. - ooh. i think some of my gray hairs just reversed. - yeah. you're welcome. - [narrator] become an investor today. yieldstreet: private market investing. this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. >>> ju

macao is now going to allow tour groups through for the first time in almost three years >> it's certainlyotable. and you can see right there, now that the -- we did get the opening bell, we do have some pretty big jumps in those names, despite the fact that for the s&p, we're trading lower, fractionally lower, down about a third of a percent right now but every sector in the s&p is in the red, mike. >> yeah. and you know, some of the sort of more beaten down and heavily shorted areas of the market do get a lift you got to kind of, basically, as many one-month highs on friday's close in the s&p 500 or across the market as you had any time in the last couple of years, so a lot of stuff was punished pretty hard clearly the indexes themselves are still getting down near not quite toward where we were friday's lows. real estate has been a real struggle, real estate stocks i noticed some of them are near the lows these are dead financed assets, long duration assets, real yields are much higher and for all the reasons that you say that, you know, the fed has to do this for the economy, real esta

in the right direction again it's fascinating because the underperformers of the last couple days, macaoaming, online travel, airlines, lodging, maybe there's worries about even that shift in danger now. and by the way, oil below $80 today for the first time since january. >> and i will say, anecdotally, i am starting to pick up the plans for more layoffs in many companies. we'll see how much they follow through on, but the preparation for cutting costs in anticipation of weakness, sort of can have a self-fulfilling effect as well and there are many companies, at least based on my understanding, they're coming >> coming up after the break, an exclusive with robin hood's vlad tenev santoli points out, four of the last fridays have been down. and we'll see if this one's any different. back in a minute power e*trade's easy-to-use tools like dynamic charting and risk-reward analysis help make trading feel effortless and its customizable scans with social sentiment help you find and unlock opportunities in the market with powerful, easy-to-use tools power e*trade makes complex trading easier