I thought it's going to be ROCK or another relatively smaller player like ALPHA, BHI, ELI, but the Antonio's apparently entered the picture and closed with Okada.
Congrats to all who tenaciously held on to CPG.
This will gap up tomorrow and increase in double figures, although you must impute in your expectations the fact that there were already people who received advanced word last Thursday (prompting CPG to increase 5%+). I will also look for a possible daytrade play. Why not long-term? Well, we need to read-up more on construction timeline of the casino, the resort that will be attached, and their uniqueness compared to Belle/Dreams and Solaire. Does Okada, for example, have an existing junket system with a customer portfolio of rich mainland Chinese (similar to MCP and BEL's advantage that they are bragging about)? Also, the Antonios will need to raise more cash. We need to know where and at what terms will they get fresh funds.
In any case, it was a nice play for Robbie da Pogi and his dad.
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