May 27, 2015,
  CEO Profile
  Economy & finance
  Greater China
  MB Report
  News in brief
  Pearl River Delta
  Politics & diplomacy
  Sponsored Articles
ISSUE 118 - Feb 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.

Other Macau Latest News

Q1 retail sales fall 11 pct to MOP16.41 bln

Value of sales of luxuries such as watches, clocks and jewellery declines

I.T.’s annual sales in Macau rise to HK$221.3 mln

Clothes retailer’s operating profit in the city grows 0.3 pct HK$75.6 mln

Tod's registers weak Q1 sales in Macau, Hong Kong

Italian shoemaker laments sharp decreases in shoppers and amount they spend

Mainlanders press demand for more severance pay

Workers laid off from Parisian building site march to central govt office

Premium mass market the focus of newest casinos

Gets the lion's share of new tables in the extension of Galaxy Macau resort

Second phase of Galaxy Macau opens tomorrow

Casino-resort extension will have 150 new gaming tables, two new hotels

Junket operators say smoking rooms still in favour

Survey results show almost unanimous opposition to complete ban on smoking

Govt gives casino operator nod for 150 new tables

But omits to say which operator and which casino-resort will get the tables

No Comments

No comments yet.

Sorry, the comment form is closed at this time.

1. Govt gets 636 more opinions on height of new hotel
2. Hotel Management Summit Returns to Bangkok to Drive Hospitality Revenue and Profitability to New Heights
3. Aristocrat showcases the region's leading portfolio at G2E Asia
4. Govt gives casino operator nod for 150 new tables
5. IAGA Announces 2015 International Gaming Summit: from East to West, the Changing Global Gaming Landscape
Nasdaq 5,032.75 N/A
S&P 500 2,104.20 N/A
DJ Stoxx 50 3,634.26 N/A
DAX 11,651.41 N/A
FTSE 100 6,976.96 N/A
Nikkei 225 20,472.58 N/A
Hang Seng 28,054.54 N/A
S&P/ASX 200 5,725.30 N/A
More >>
  Home The Magazine Subscribe Advertising Events MB Specials Contact Us  
Copyright © Macau Business 2010. All rights reserved.