Judging from his first four months performance, I don't think...

Judging from his first four months performance, I don't think the management is really a big factor. You can see there is deterioration of financial performance from his first month to October. The first month looks good probably because he ups the price for everything. But that's at the expense of traffic. VIP turnover is much lower now. SV number looks a touch better compared to last year because win rate is above theoretical win rate.

At best first half EBITDA should be about 15-16 mil. That 5-6 mil better than last year mainly because of Aristo reverting back to normal trend. He also probably think that his job might not be there anyway since people who brought him in are all gone. He might as well resigned than getting kicked out. Stay in the casino and order room service and enjoy his vacation pocketing couple of hundred grands.

So all these are noise. The critical factor is the arbitration result.