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ISSUE 118 - Feb 2014
 
 
The Macau property market is changing. Vote. What is your opinion on likely price fluctuations for the second half of this year?
Decline below -10 percent
Decline from 0 to -10 percent
Growth from 0 to 10 percent
Growth above 10 percent
 
 

Mass-market growth twice that of VIP: Wells Fargo


Posted: 12/9/2013 12:19:01 PM
Rating:     0% ( votes)
  

Mass-market gaming revenue grew faster than VIP gaming revenue in the first 11 months of this year, Wells Fargo Securities says.

The firm says mass-market revenue has grown by 34.8 percent so far this year and VIP revenue by 13.2 percent.

Slot machine revenue has grown by 8.4 percent.

November mass-market revenue rose by 39.4 percent compared to the same time last year, with VIP revenue up by 14.8 percent.



Headlines

Govt aiming to change budget law by 2017

Amendments would let lawmakers scrutinise capital spending more closely

Smoking ban cuts bank’s casino revenue forecast

Takings to drop US$3.4 bln if smoking banned in casinos, Deutsche Bank says

Gambling junket operators play the job loss card

Say smoking ban threatens the livelihoods of 3,000-5,000 of their employees

Drops in shop and factory prices forecast for H2

But estate agent sees more interest in opening shops in residential areas
Other Macau Latest News

Lisbon flights a good proposition, academics say

Study finds growing demand for air services between China and Portugal

Banks rake in more deposits in year to May

Bank loans as a proportion of their deposits grow to 86.6 pct at month-end

Milan Station expecting smaller H1 loss in 2015

Retailer predicts results will show benefit of importing handbags direct

Govt lets airlines put on more flights over summer

Air Macau and Tigerair Taiwan add 127 return flights to their schedules

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1. Gambling junket operators play the job loss card
2. Proportion of hotel bookings for junkets shrivels
3. Galaxy Entertainment boss questions smoking ban
4. Venetian Macao rips up sporting event contract
5. EIU raises 2015 GDP shrinkage forecast to 24 pct
 
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