ref: https://www.marketwatch.com/story/dubai-woes-roil-financial-markets-2009-11-26

"LONDON (MarketWatch) -- Fears of a potential default in Dubai sent shock waves through financial markets Thursday, weighing on European and Asian equities, lifting government bond prices and pulling the U.S. dollar off of recent lows as investors sought out safe havens.

Dubai late Wednesday said it would restructure Dubai World and announced a six-month "standstill" on repayments of the state-run wide-ranging conglomerate's debt. Ports operator DP World and its debt is excluded from the standstill plan."

how perfectly timed is this for the Bears? going into one of the slowest trading days of the year where a few traders can push the market around? I will be interested to see how MGM is effected because Dubai World is a major investor as a 50-50 partner in City Center.

European shares tumble amid Dubai debt worries

Lenders HSBC Holdings, Deutsche Bank, ING Group slide

LONDON (MarketWatch) -- European shares recorded their biggest one-day drop since April on Thursday, with banks leading a broad tumble for markets amid worries about exposure to Dubai debt.

ref: https://www.marketwatch.com/story/banks-miners-lead-broad-retreat-in-europe-2009-11-26

European banks may have $40 billion Dubai exposure

ref: https://www.marketwatch.com/story/european-banks-may-have-40-bln-exposure-to-dubai-2009-11-26

after an initial sell off in MGM to below $10 (9.93), it's bounced back to 10.76 only down 0.25.

have to see how this shakes out over the weekend. right now it looks like the "Goodby World" rags have the market bullshitted with their Bud Light penguin "nothing to worry about, every things fine"

can't find the CNBC article BUT yesterday they were talking about "the cost of Dubai default insurance" going up 4 times it's previous cost. another round of "credit default swaps"? I would think that would really clip the financials because you KNOW these bastards are STILL running an unregulated, undercapitalized casino.

MGM grand also doing the "Bud Light Penguin"......

https://www.seattlepi.com/business/1310ap_us_mgm_mirage_dubai.html?source=rss

excuse me? they own half of City Center. IF they stop making payments for their share of the debt, where does that leave MGM?

and then there's THIS about MGM.....

https://www.cnbc.com/id/34173091?__source=RSS*tag*&par=RSS

"Dubai is a large holder in MGM shares," said Susquehanna Financial Group analyst Robert LaFleur. "If they're in a position where they're seeking liquidity, you have to wonder whether they'll look to those shares as a source of potential liquidity."

LeRinkRat u think its worth buying MGM if the stock goes below $10 upcoming this week or you think if it goes below again it stays below?

I wouldn't fool with ANY of the gamers right now. not LVS, MGM, WYNN, BYD or ANY of them with Las Vegas exposure. I wouldn't even fool with a "Macau Monster" like MPEL which is a pure China play BUT has been looking like shit (and a ChiCom scam) lately.

I haven't been able to explain the stock's runs since early July. everything I hear out here is that it's going to take YEARS for Las Vegas to recover and we are SO overbuilt that new operations like City Center, as I said in another thread, will only cannibalize from other MGM properties like the MGM Grand, Belagio, Mirage and Mandalay Bay. Boyd has completly shut down construction on the Echelon project and isn't expected to restart for years IF EVER.

Any other macau stocks that are good to look at and also any options plays that you think are worth playing. 

don't really play options. IF the Dubia thing gets out of hand the FAZ is probably worth a trade BUT the Fed and Treasury will just throw more money at the NY banks and AIG IF they get in trouble so THAT could backfire.

as for Macau, IF MPEL really gets beat down, it might be worth a long play BUT, like I said, it's starting to look like a scam stock. see all kinds of "pure Macau play" recommendations on sites like Motley Fool BUT doesn't move up.

Sheldon Adelson's Sands China, the Macau unit of US casino-operator Las Vegas Sands, layed an egg Monday dropping 10% in their trading debut in Hong Kong on Monday and the "mother ship" LVS is down below $15 on the NYSE.

MPEL got somewhat of a "dead cat bounce" of an early low of $4.03 to a current 4.23 +0.11 going into the last hour of trading BUT still looks shaky.

They want this market higher..the selloffs are pathetic and buyers are chomping at the bit to keep the market from gaining any selling pressure.

looks like the "Goodby World" rags are going to get away with it. all I heard over the week end from the financial yackers on Bloomberg and CNBC was a bunch of Bud Light Penguin "nothing to worry about, everythings fine" happy talk.

the one interesting selloff today was AIG. it took an almost 5 point hit, which was just short of -15%, to 28.40 which is a 3 1/2 month low. could it be those greedy bastards wrote a bunch of Dubia debt credit default swaps? wouldn't suprise me in the least.

the fuckers will never learn. Paulson should have NEVER bailed those pricks out in the first place.

AIG will not be around in the future bro, and I say that because they use an insurance mortgage back securities BS method to as a way to insure finances.

Decades later I doubt in the financial game such company will be around.  Lehman Bros