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ISSUE 118 - Feb 2014
 
 
What are your expectations for the gross gaming revenue growth of Macau’s gaming industry in 2014?
Decline
Growth above 10 percent
Growth from 0 to 10 percent
Stagnation
 
 

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

Galaxy Entertainment scraps apartment hotel plan

The expanded Galaxy Macau is set to have a bigger five-star hotel instead

Analysts envisage mass-market gaming predominating

Predict mass market will soon contribute over half of casino gaming revenue

Jimei boss fails to buy all of Sinogreen Energy

Owners of 0.005 pct of Sinogreen Energy stock accept mandatory cash offer

Analyst predicts US$100 bln casino market in 2020

But Wells Fargo’s Cameron McKnight says Macau must first deal with ‘issues’
Other Macau Latest News

Taiwan expects open skies deal to take effect soon

Representative says the island’s legislature is considering the agreement

Govt business fund doles out MOP22.9 mln in Q3

Gives two-fifths of total to Macau Convention and Exhibition Association

Property managers rake in MOP1.05 bln in 2013

Their industry’s contribution to the economy grows by 8 pct to MOP606 mln

Restaurant takings increase to MOP8.5 bln in 2013

Receipts grow by 23 pct as tally of establishments rises by 240 to 1,918

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