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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?
Growth above 10 percent
Growth from 0 to 10 percent

Wells Fargo still positive on Macau in short term

Posted: 12/31/2013 12:32:57 PM
Rating:     100% (1 votes)

Wells Fargo says the outlook for Macau in the short run remains positive.

A note by Wells Fargo gaming analyst Cameron McKnight says deceleration of credit growth could weigh on growth in Macau in the middle of next year, but that the consensus is that growth next year will be about 10 percent.

Mr McKnight says concern about another credit crunch in the mainland is overdone.

He says that while the number of visitors may rise by only 5 percent next year, the increase can still support revenue growth as the city focuses on attracting higher-spending, longer-staying tourists.

Other Macau Latest News

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But survey finds that more and more Chinese are going to casinos elsewhere

Trade unionists urge police to drop charges

Forefront of Macau Gaming figures deny aggravated disobedience allegation

Proposed investment in Pacific island increased

Macau company means to put US$300 mln into Northern Marianas casino-resort

Pearl estuary bridge border post to cost MOP71 mln

Consortium comprising three companies awarded contract to build the post

Xi Jinping tells Chui Sai On: must do better

President instructs Macau chief executive to improve the work of his govt

Deutsche Bank gloomier about 2014 gaming revenue

Gives warning that new Cotai casinos may fail to spur gaming demand in 2015

Holiday reform tipped to benefit Macau tourism

Research house says annual leave for mainlanders would make visiting easier

Sterne Agee expecting flat gaming revenue in 2014

Stockbroker increases its forecast of shrinkage in September gaming revenue

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