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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

Beijing tightens stranglehold on dirty money flow

Authorities to snoop on all China UnionPay money transfers through Macau

MGM China to put money into project on Hengqin

But chief executive is reticent about the nature of the non-gaming project

Direct tax take rises in first nine months of 2014

Slump in gaming business seems unable to curb rise in govt tax revenue

Survey’s shock finding: Money can’t buy happiness

Traffic jams, inflation, housing make life a misery for Macau’s top earners
Other Macau Latest News

Few casino workers content with their employers

Insufficient pay and smoky working conditions among the chief complaints

Border ready to remain open longer, officials say

Gongbei crossing gets more e-channels, Lotus Bridge gets more policemen

Graft blitz worse than 2008, says Lawrence Ho

Melco Crown boss says the financial crisis was less damaging to VIP gaming

Safer conditions on Pearl estuary bridge demanded

Worker’s death shows danger of using plant mounted on barges, union says

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