I knew it would be bad, but even I didn't expect this horrid of a performance. But then again I say that each time a report comes out.

<<MPEL lost market share falling to 13% from 18% in September. We
believe that MPEL was negatively affected by poor hold at City of Dreams in
September.>>

<<Commission Caps Potentially Delayed — According to Ambrose So, SJM’s CEO, the
implementation of Junket commission caps has been postponed by one month,
according to the Macau Daily today. Since September, operators have apparently
found it difficult to define or account for "soft commission dollars" (e.g. different
hotel room rates given different quality of the rooms and whether they are
accounted for at costs or market value). As a result the casinos and junkets
reached a consensus that for the time being they will be self-disciplined which>>


They just can't do anything right!