las vegas sands brought this here to macao.t took a couple of years and it was unveiled in phasing during the covid period now that everything is reopened, there is an official unveiling today with the arrival of robert goldstein, the chairman of las vegas sands. he is joining the wife of the late sheldon adelston. this is what they are calling the triumverate. first the canals and the eiffel tower and now the lands an markf the uk italy, france and now england. i was talking about the return of tourists post covid how fast does he expect things to go back to pre-covid levels >> you have to dissect macao you had a large segment gone that segment created high numbers in terms of revenues, but less success in terms of bottom line and ebita income we live in a new world today i don't know if you will reach the same levels of top line. i think you can exceed the ebitda numbers of 2019 i don't know if it was 2024 or 2025 all i know the revenue and profitability is through the roof everyone is happy with numbers the may numbers will

. >>> ahead on "worldwide exchange," betting big on macao.s live with the latest look and interview. >> reporter: thank you, frank. i'm on the red carpet live on the macao londoner the latest integrated resort opening post covid i sadot wn with rob goldstein. we'll have more when "worldwide exchange" comes back what if you could make analyzing a big bank's data... no big deal? go on... well, what if you partner with ibm and red hat, use a hybrid cloud solution to connect data across multiple systems globally, then analyze all that data with watson. okay, but this needs to meet our... security standards? yup. compliance standards? mm-hmm. so they get the insights they need... yup. in real time... check. . ..to make quick decisions? check. aaaand check. that's the hybrid cloud solution ibm and a global bank created. what will you create? ibm. let's create. (vo) if you've had thyroid eye disease for years and you can't get any shut eye what will you create? because you can't shut your eyes, it's not too late for another treatment option. to lear

throughout the entire period and can be renewed afterwards. the agreements took their toll and macaot it is now i am sure what do you know about the us department of human rights in macao tool 2022 which mentions significant human rights violations in particular it is about serious restrictions on the freedom of journalists and significant restrictions on the right to peaceful assembly, what do you think about this , the issues that we managed to discuss with the macao authorities, that we need to look at the global picture of what is happening on the island, what is the reality of china, the effect and others, we really have one country and the two systems have obviously benefited enormously from this basic law in particular from the fact that it is part of a different type of system in the context of chinese sovereignty and we are working with the chinese authorities in macau on with specific issues with which problems have arisen, you are really balancing on the edge, because when you obviously want to have smooth relations with china through macau, and it is president ivan who sa

like i said before, macao is the key market here and this quarter wynn's results for the macao regionmendous numbers from the wynn palace property with 126% revenue growth china's key gambling game is already on the mend which can mean quarter after quarter earnings wynn's flagship las vegas property remains red hot 33% revenue growth we also got a record adjusted property ebitda, add the rent thing thanks to a higher than normal hold which is the money they make. there's still room for improvement as wynn had 88.8% occupancy. that's up from 77% from the year before it's not back from the 99% number they put-back when they were the premiere of the premiere how about this new property encore boston harbor wynn's boston casino had 13% revenue growth with properties seeing record gaming revenue in 21% growth in non-gaming revenue. think hotel and drink business i lived in the boston metro area and can definitely use the casino you can't bet on it because they demolished the racetracks. you can go to encore boston harbor the best reason for this quarter is their casinos were distraught mo

we got gross gaming revenue from macao as a whole we heard betmgm reporting the earnings some news wasicipated. >> we have a big week of earnings with gaming give us a sense of what you expect >> we will get another view on the strip. it may just reinforce. caesars is disciplined on the cost margins analysts want to know how they are doing on the digital side. they are in fourth place in sports betting we should hear from penn it made a deal with barstool the market leader is fanduel which reports tomorrow peter jackson will join me for an interview after the earnings call we want to hear what they are doing about market share and how they are investing that money and if they see the customer acquisition cost pulling back. >> contessa, thank you >>> st >>> straight ahead here on "worldwide exchange," folks are growing ncnecoerd with big blue's a.i. impact the full story in a moment here on "wex. (swords clashing) -had enough? -no... arthritis. here. aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the asperc

i don't know if i want to own a name like this just for macao, especially when we see how the chinese how they might react to some sort of dustup with taiwan, i mean, this would be -- this would be ground zero in your portfolio for any sort of, you know, invasion or anything that, you know, china and taiwan, so, it's not for me. >>> new concerns rising about the rising tensions between china and taiwan and tchina and the u.s. elon musk says it needs to be taken more seriously >> the official policy of china is that taiwan should be integrated one does not need to read between the lines, one can certainly read the lines >> do you think -- >> so, i think there's some inavoidability to this situation. >> that would not be good for tesla, conceivably, or for any company in the world, frankly -- >> yes for any company in the world i think most -- almost no one realizes that the chinese economy and the rest of the global economy are like conjoined twins. it would be like trying to separate conjoined twins that's the severity of the situation. it's actually worse for -- for a lot of other co

the numbers out of macao, though, gross gaming revenue came out last night, 449% year of year.ize china was closed, but up 15% from march. anything that's got core exposure, this is, to me, probably the sands, how i've been playing it a long time, and i bought tosome melco crown we have vip, all the things that i think build into that story, and i think that's up. >> so, i am in mgm and, you know, when i got into it, i liked it for its not being so heavily weighed in china, and getting into the online and las vegas would come backened and however, what's happening in china now, that's -- it's not anal ba tros, it's great they have exposure there and really doing well, but if, you want to be turbo charged, you have to be where tim is >> vegas sands, yeah >> the only thing negative about this -- obviously las vegas sands and wynn have an outsized dependency towards macao mgm is leveraged here and building that leverage they are dipping into online more and more, because it's tougher to build out the footprint of what's already there. tougher to get the licenses. everywhere where

getting cut in half and came back up with the numbers reported in the last few days with mgm and m macaointerested about the wynn moving forward. >> i like it we held on to it we had tough ones, too, though not just good ones roland in louisiana. >> caller: how you doing >> well, how about you >> caller: excited first time calling >> thanks for calling. >> caller: there was a stock you brought up a while back. i believe it's number one cloud-based security company in the world. >> i think you're right. but remember it's a tech stock, i don't expect apple to do well tomorrow the stock ran. you can buy palo alto lower. we have some but i think it can go down more, even though the company is good, it doesn't mean the stock can't go down. we've got eventual viable groups thanks to the fed, but you can't pull the trigger until we go through three more hurdles in this endless and difficult steeplechase on "mad money," wing stop, how the stock continues to fly with the top brass. last year, boush and loem, first days on the job. and the company behind -- fell, the investors getting a chance may

meanwhile, in macao, let's show you this footage, hundreds of thousands of chinese tourists have crowdingnown, of course, for its glitz ziy casin but also shopping. this surge comes after the pandemic restrictions lifted in january, in effect, opening the door wide for visitors for the first time in three years. according to people on the streets, whether tourists or business owners, they're saying the buzz is back. take a listen. >> translator: now the customers' flow has recovered to 60% to 70% of prepandemic levels so we're very busy. compared to during the pandemic, it's much more fulfilling and there is less worry. >> translator: to be honest, i feel that the vitality of the prepandemic period has really been restored with the crowds and bustling atmosphere. i haven't seen this for a long time. >> reporter: you know, and it's not just macaw and beijing, many places are seeing a record number of passenger trips by air and by rail as well. and we'll show you footage of what railway stations look like across china, just crammed with domestic travelers. according to state media, over 240

china opened, but not for everything it opened for macao, but it did not open for some parts of exportwe've seen that, some portarts of tourism. why did the tourism not come back was it because everything was booked up? we don't know, but the travel, cons duty-free was very poor. it's a principal outlet for him, and he blew it, but i don't know how much he blew versus the customers got involved >> you heard it here not happening with e.l we're going to have an opening bell four minutes from now don't go anywhere. our customers don't do what they do for likes or followers. their path isn't for the casually curious. and that's what makes it matter the most when they find it. the exact thing that can change the world. some say it's what they were born to do... it's what they live to do... trinet serves small and medium sized businesses... so they can do more of what matters. benefits. payroll. compliance. trinet. people matter. what if buildings could tell you how they could be more efficient? i'm listening. well, with ibm, you can use software to help you connect and analyze data— from h

macao set a new post pandemic record, welcomed 133,000 visitors on sunday, sunday alone. why? second week of chinese may day golden week poll day period. manufacturing sector contracting. services slowing. can may day, this holiday reverse it as the chinese spend more money because they're on holiday? stuart: casino stocks are nicely higher. lordstown motors. lauren: down big. make endurance ev pup. which they delivered what, six? they say their funding is in crisis as their main investor, foxconn may pull it, lordstown might have to file for bankruptcy. stuart: okay. perilously close. 39 cents a share. uber is up again. 4%. lauren: no news except for earnings coming out of tomorrow. speaking of service spending here in the u.s., are we opening wallets wider taking ubers more often? indication of the strength of consumer. stuart: lyft is going sideways. uber is taking off. lauren: they have more plays, diversity, meal delivery. stuart: seems like it. lauren, thank you. this, new york city mayor adams, he has a new solution to addressing the crime surge in the city. handing out

interesting she has decided to take the profits now from wynn because just now is when we're starting to see macao reopening and they're still not back to pre-pandemic levels. there you see the stock today. the other thing i want to point out wynn is saying we're not content just with what we're doing in the united states and in china we're also going to make a play on the middle east and they're putting a lot of eggs in this basket of co-developing integrated casino resort in the arab emirates. it's interesting what happens not just in three months when there may be covid disruptions and things like that in china but what happens over the next year or two. >> sorry for throwing you in the producers a curveball. when i saw it was you, oh, i have to get contessa's take on this so, please >> i appreciate that thanks for the opportunity to talk a little bit about gaming >>> let's talk about the news. florida governor ron desantis said if he's elected president he would consider pardoning people involved in the january 6 attack on the capitol. desantis, who officially announced his candidacy earlier t

the guidance going forward, first off, record results in las vegas and boston, fabulous results in macao see great advanced bookings. their pricing is really high why is the stock down? it could be up 70% on the year that could be part of it actually i think this is the macro call people think maybe the next quarter will be as management says pretty darned good, after that we'll get into the recession. this is the macro call, why it's down i have to point this out, guys this is four quarters in a row that management has come out and said, listen, we hear the macro talk, but things look really good in our business going forward. four quarters in a row at some point we have to believe them >> as we head next to the west coast, google is gearing up for its annual developers conference our deirdre bosa joins us ahead that have kickoff. they're getting set, there it is conventional thinking delivers conventional results. at allspring, we break away with purpose. harnessing data-driven insights and boundless curiosity. we dissect the market from every angle. helping to build portfolios that re

relative basis, there's no question about where we're going here and we're hearing this out of ma macao, the improvement. i look at alibaba and really not necessarily about the chinese consumer they are about the chinese government so, baba is going to announce, they are expected, their gmv, to be down about two points from where they were about a year ago. none of this is a major surprise i do think that the second half of the macro story in china is going to be a lot better than expected not going to be 9%, but not going to be 5% i think it's going to be on the higher end of expectations but i still don't think chinese stocks are trading on that sentiment. i think baba is very interesting. they announced the spin-offs of the business units, those will be catalysts when they happen, but we're still waiting. >> eunice is talking about price sensitivity, to the point of consumers buying nearly expired food for massive discounts, and we heard from all of the luxury reta retailers that reported very good sales, and -- >> killing it. >> yeah, they're doing very well, thanks to the china reo

target 135 they cite the continued recovery, at least in macao, and that new target does imply upside of 30%. n'gowa dot ay. ♪♪ choosing miracle-ear was a great decision. like when i decided to host family movie nights. miracle-ear made it easy. i just booked an appointment and a certified hearing care professional evaluated my hearing loss and helped me find the right device calibrated to my unique hearing needs. now i enjoy every moment. the quiet ones and the loud ones. make a sound decision. call 1-800 miracle now, and book your free hearing evaluation. ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ start-up it brings in $200 million in annual recurring revenue, all of this occurring in a market where fund-raising has been a struggle and getting tougher as the banking woes continue to play out. how are they doing it? joining us here at post nine, wiz ceo and cofounder, as.aath rapport, also named number five disrupter on the list just out >> thank you for

and macao results here tenant retail sales increasing 60% against the first quarteese doing. just last week, on the golden week holiday, wynn got double the vip turnover that's the amount of money the casino takes in. double from golden week 2019 vegas and boston also trouncing expec expectations billings acknowledged there are macro issues high inflation, bank failures, increasingly difficult year over year costs, but still, las vegas set an all-time record in adjusted property ebita. that is the most important metric of profitability in gaming b billi ings expects to set a recd for group business this year, remember, karen, guy, you guys were talking about that and if that would hold true and all of that before international visitation fully rebounds they are still waiting to see if the chinese tourists come back >> contessa, thank you guy, what do you make of wyn reports and what it might say about the global consumer? >> tim has thoughts on this without question, and we've been talking about wynn being cheap i want to say now the better part of 15 months. so, this, to me,

they were going in trouble, husbanded their cash and is now going all out in boston, in vegas, in macaoit totally right. airbnb did it totally wrong. and so, some managers are better, even though the wynn -- the wynn team is extraordinary that quarter was incredible. they got it right, and brian, whom i respect so much, and has been on "mad money" all the time, his outlook was just really abysmal >> yeah. we'll talk to him at 11:00, see what that's all about. >>> we'll get cramer's "mad dash," countdown to the opening bell take another look at futures, still in the green after that cpi came in at least no worse than feared and that 4% ar.9ye on year number getting outsized attention. ♪♪ choosing miracle-ear was a great decision. like when i decided to host family movie nights. miracle-ear made it easy. i just booked an appointment and a certified hearing care professional evaluated my hearing loss and helped me find the right device calibrated to my unique hearing needs. now i enjoy every moment. the quiet ones and the loud ones. make a sound decision. call 1-800 miracle now, and book y

upgraded to overweight from equal weight by analysts at barclays they cited better tailwinds from macao optimism over its planned dubai project. that is helping things wynn resorts up 2.5% back over to you, joe, with my pick and i'm going to keep going with rory mcilroy and -- >> oh, my god. he's in a drought. >> i know. i still like him. >> jordan spieth, how much does he want this >> i think he does but, listen -- >> maybe too much. >> if jason day can come out, yes, with an at&t byron nelson and his first win since maybe 2018 i got to feel like you can get something from rickie fowler and maybe rory mcilroy i would like to see rickie do it so he can get one. >> the putts he used to bury without looking at the ball, remember that? he used to look at the hole on the short putts, which is -- that's all i need to do. maybe that works. >> justin thomas seems to do really well at p&g chamga championships. >> i tried everything, right-hand low, left hand low, claw, medium putter -- putting is sort of i can get by. it is the chipping you start one handing or clawing on chips, you know you go