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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

Nobel laureate tells Macau to diversify investment

Economist Robert Engle says investing in China is the city’s biggest risk

Sing Hou Entertainment aims to float shares in HK

Junket operator goes in search of capital as the VIP gaming market shrinks

Louis XIII casino-hotel due to open mid-2016

Developer expecting strong cash flow once the business is fully operational

Border Gate to be open two hours longer each day

Other border crossings will be open to some travellers around the clock
Other Macau Latest News

Bank says gaming revenue slowing in November

Broker thinks casino gaming revenue will be 20 pct lower than a year ago

Q3’s 240 MICE events attract 725,000 people

Some 29,000 people take part in meetings and 695,000 attend exhibitions

Macau companies to be offered some Ilha Verde work

But govt says state-run company will be main contractor for new border post

Academic advises more cooperation in RMB business

Says profitability depends on Macau and Pearl River Delta working together

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