AERL: That post is correct that the Casino's probably know what the company makes in revenue from the tables in their casino -- But nothing indicates that the number the Casino verifies is what is reported to the SEC.
Not saying there is any problem with what they report, just saying that this 'verification' means very litte since its not like the Casino's will spend time checking their SEC filings. As long as the Casino gets its cut of the true revenue, what reason would they have to do anything else? Why would the casino, in Macau, care what a client-public-company reports to its regulator in some other country? I suppose it does raise the risk of any 'fraud' being revealed since more people would know the true numbers -- But even if one Casino knows what the company makes from its tables, it will have no idea what is earned in the other Casinos... AFAIK, the company does not break down revenues per casino -- Does it?
I get alot more reassurance from a dividend and actual buyback than from something like that personally.
-Fernando
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