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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
 
 

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.



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Performance assessments of officials in the offing

Govt secretary says scheme will make officials accountable for their deeds

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Headlines

ICBC putting another US$360 mln into Macau unit

Parent bank expects to maintain its stake in its Macau arm at 89.33 pct

Dairy Farm acquires Macau’s San Miu Supermarket

New owner sees chain complementing businesses it already has in the city

Dairy Farm acquires Macau’s San Miu Supermarket

New owner sees chain complementing businesses it already has in the city

Govt suing Border Gate LRT station contractor

Chief executive, in answering lawmaker’s question, mentions suit in passing

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