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MarketFoolery

MarketFoolery: 06.01.2011

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 1 June 2011

⏱️ 16 minutes

🧾️ Download transcript

Summary

Gambling revenue in Macau hits a record high. Marathon Oil makes a big deal for big oil and gas reserves. And Yahoo! works on resolving its dispute with Alipay.

Transcript

Click on a timestamp to play from that location

0:00.0

It's Wednesday, June 1st, and this is Market Fullery.

0:05.0

I'm Chris Hill and joining me in studio today from Motley Fool Asset Management, Bill Mann.

0:09.0

That's true.

0:10.0

From Income Investor James Early, and from Motley Fool Global Gaines, Tim Hanson.

0:15.0

I didn't know what the talk in the middle.

0:16.4

I thought we had to wait for you to finish.

0:17.8

No, you can jump in whatever.

0:18.8

Come on.

0:19.8

This is, this is, this is, this is great.

0:21.8

It's a new regime, Tim.

0:23.0

What do we just meet?

0:24.0

You feel so free now.

0:25.0

We're like family.

0:26.0

Jump in whenever.

0:27.0

All right guys, we've got marathon oil buying some land in Texas.

0:31.0

We've got Yahoo, resolving a dispute in China. We'll get to those stories in a moment,

0:35.4

but first we will head to Macau, where gambling revenue in May hit a record high rising 42% compared to a year ago.

0:44.0

Bill, it's the fourth month in a row that gambling revenue has hit a record high.

0:50.0

What is going on in Macau?

0:52.0

So, I... high what is going on in Macau? So a lot of people might not know this but in

0:56.9

2006 Macau passed Las Vegas is the largest gambling place in the world by by revenues and it is now four times that of Las

1:06.0

Vegas and they expect by the end of this year it will be five times that of

...

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