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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

Gold-buying binge gives jewellers sales hangover

Fast sales when gold was cheap last year means this year’s sales look slow

Macau has growing taste for HK dollars, renminbi

September’s external currency deposits 18.4 pct bigger than a year earlier

Macao Gaming Show draws interest around the world

Organisers now look ahead to the 2015 show, to be held on November 17-19

Govt fines restaurants for breaking pricing rules

Civic and Municipal Affairs Bureau to keep policing greedy restaurateurs
Headlines

Border Gate to be open two hours longer each day

Other border crossings will be open to some travellers around the clock

Q3 visitor spending rises 4.6 pct to MOP15.5 bln

But each average tourist spends less, most notably each average mainlander

Tam Pak Yuen expects sufficient gaming tax in 2015

Economy Secretary says lower direct tax take will just mean smaller surplus

Attendance of 10,000 expected at Macau Gaming Show

The three-day exhibition and conference begins today at the Venetian Macao

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