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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.



Other Macau Latest News

Economy secretary acknowledges recession looming

GDP probably shrank in 2014Q4, may shrink more in 2015Q1, Lionel Leong says

Banking assets grow 19 pct to MOP117 bln in 2014

Combined annual profits of Macau’s banks increase by 26 pct to MOP9.6 bln

Consultants put Macau among best places-as-brands

Bloom Consulting ranks city eighth in the world from branding point of view

January consumer price inflation slows to 4.7 pct

Owing to slower rises in costs of food and housing, and cheaper transport
Headlines

Govt secretary denies cap set on mainland tourists

Alexis Tam says any measures against overcrowding will be applied gradually

SJM Holdings earnings shrink to HK$7.8 bln in 2014

Gaming revenue drops to HK$79.3 bln as betting by high-rollers shrivels

Q4 visitor spending drops 13.9 pct to MOP14.05 bln

Spending per visitor falls by 20.2 pct as mainlanders tighten purse strings

BoC reportedly has lion’s share of Macau deposits

Newspaper reckons Macau branch has 42.4 pct and its nearest rival 18.4 pct

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