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ISSUE 141 - Jan  2014
 
 
The Macau property market is changing. Vote. What is your opinion on likely price fluctuations for the second half of this year?
Decline below -10 percent
Decline from 0 to -10 percent
Growth from 0 to 10 percent
Growth above 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.



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Wynn Resorts Q4 Macau EBITDA drops to US$160.1 mln

Gaming company’s worldwide earnings fall as revenue slows to US$946.9 mln

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Headlines

A-Ma Temple restoration predicted to take a year

How much it will cost to repair the fire damage has yet to be worked out

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Damaged portion of tourist draw closed to the public, but rest remains open

Top court upholds govt repossession of land

Rejects challenges by former holders of a plot on Taipa and two other plots

Galaxy Entertainment to top-up employee bonuses

Gaming company giving what it calls a special gift to mollify grumpy staff

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1. Galaxy Entertainment to pay performance bonuses
2. SJM Hldgs reportedly seeks loan for Lisboa Palace
3. Central govt aid promised if visitor tally plunges
4. Wynn Macau in effort to buy from Macau SMEs
5. Economy to shrink 13.6 pct in 2016, academics say
 
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