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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

Chief Executive says welfare measures sacrosanct

Fernando Chui seeks to reassure public about any cuts in govt spending

Jobless rate steady in trimester ended June

Gaming and construction have fewer employees, but hotel workforce grows

Economy secretary floats govt spending cut balloon

Says gaming takings may be under MOP18 bln, triggering fiscal austerity

Operator to announce Studio City opening date soon

Melco Crown Entertainment boss says the resort is coming along smoothly
Other Macau Latest News

Studio City opening date to be announced next week

Announcement will accompany release of Melco Crown’s Q2 financial results

Broker raises forecast of July gaming revenue drop

Sterne Agee CRT now predicts Macau’s casinos will take in about MOP18.4 bln

Hengqin to be less choosy about Macau investment

Authorities to cut to 90 the number of fields closed to Macau investors

Govt to present vehicle tax law amendments in Q3

Official says bill would remove exemption of tourist vehicles from tax

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1. Make gaming legal in mainland, academics suggest
2. Casinos to feel stock crash impact, bank predicts
3. Employees of Wynn Macau to pocket summer bonus
4. Operator to announce Studio City opening date soon
5. Smoking ban U-turn unlikely, Sterne Agee says
 
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