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| ISSUE 93 - Jan 2012 |
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Scholar predicts gaming revenue to reach MOP300bn
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Posted: 1/27/2012 3:37:46 PM
Academic Davis Fong says that gross gaming revenue could reach up to MOP300 billion (US$37.5 billion) this year.
In an interview with TDM, Mr Fong said that he expects the global financial crisis to bring more foreign capital into Macau.
He added that “based on last year’s MOP268 billion patacas, we think in 2012 the overall gross gaming revenue will reach MOP300 million.”
According to the academic, gaming revenue will also grow more once lots 5 and 6 (Sands Cotai Central) in Cotai open.
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| Other Macau Latest News |
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| Philippines’ gaming regulator says Galaxy Entertainment is also looking to invest in the city |
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| A construction worker at Sands Cotai Central was found dead after a work accident |
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| Macau operations reported an operating profit of HK$42 million |
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| Launched in 2010, the property’s occupancy rate now stands at 70 percent |
| Headlines |
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| Lawsuit was filed on Tuesday in Las Vegas |
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| Gaming Inspection and Coordination Bureau asks Wynn Macau for more details about compulsive buyout |
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| Wynn Resorts buys out its largest shareholder and asks him to quit the board of directors |
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| Home sales dropped by 4.5 percent to below 17,200 |
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| US |
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| DJIA |
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| Nasdaq |
2,932.70 |
-15.87 |
| S&P 500 |
1,357.40 |
-4.81 |
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| Europe |
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| DJ Stoxx 50 |
2,519.00 |
-22.60 |
| DAX |
6,843.87 |
-64.31 |
| FTSE 100 |
5,916.55 |
-11.65 |
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| Asia |
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| Nikkei 225 |
9,554.00 |
+90.98 |
| Hang Seng |
21,549.28 |
+70.559 |
| STRAITS TIMES INDEX |
2,995.59 |
-29.48 |
| S&P/ASX 200 |
4,293.10 |
0.000 |
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| 2012-2-22 |  | | 18°C ~ 23°C |
| | 2012-2-23 |  | | 16°C ~ 21°C |
| | 2012-2-24 | | | 16°C ~ 19°C |
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