Sign in

    Vitaly Umansky • Seaport Research Partners

    Vitaly Umansky's questions to Melco Resorts & Entertainment Ltd (MLCO) leadership

    Vitaly Umansky's questions to Melco Resorts & Entertainment Ltd (MLCO) leadership • Q2 2025

    Question

    Vitaly Umansky of Seaport Research Partners highlighted the divergent trend of lower player reinvestment at City of Dreams despite high-end growth, asking for an explanation. He also asked what was driving the strength in the higher-end customer base.

    Answer

    President & Director Evan Winkler explained that the company is using better data and analytics to be more strategic and targeted with reinvestment dollars, rewarding the most valuable customers. Regarding the high-end strength, Winkler attributed it to a dissipation of economic concerns in China, leading to increased consumer confidence in travel and spending.

    Ask Fintool Equity Research AI

    Vitaly Umansky's questions to Las Vegas Sands Corp (LVS) leadership

    Vitaly Umansky's questions to Las Vegas Sands Corp (LVS) leadership • Q3 2024

    Question

    Vitaly Umansky asked a multi-part question covering Sands China's capital return policy, the financing plan for MBS Phase 2, and the company's current perspective on the New York gaming license process.

    Answer

    President and COO Patrick Dumont expressed hope for Sands China to resume dividends and repay its intercompany note. He outlined a plan to finance MBS IR2 with cost-efficient debt and equity. Chairman and CEO Robert Goldstein addressed the New York opportunity, noting a potential decision in early 2026 but raising new concerns about the long-term impact of online gaming on large-scale, land-based investments.

    Ask Fintool Equity Research AI