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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

Govt in the dark about LRT project cost, duration

Transport secretary says sorry for keeping lawmakers equally in the dark

Govt expects Pac On terminal to open in mid-2016

Transport secretary tells Legislative Assembly work will finish this year

Jewellery shop chains report big dips in Q1 sales

Chow Tai Fook, Luk Fook say rich shoppers from mainland bypassing Macau

Tourist price inflation slows to 3.63 pct in Q1

Hotels curb the pace of increase in room rates, govt statisticians say
Headlines

It wasn’t me, boss of app developer tells court

Charlie Choi says he’s baffled by accusation he broke data protection law

Galaxy Entertainment Q1 earnings fall steeply

EBITDA drops 40 pct to HK$2.3 bln as revenue slides 32 pct to HK$13.7 bln

Banks estimate big falls in Q1 casino earnings

Credit Suisse sees 40 pct drop from year earlier, Morgan Stanley 37-41 pct

Govt aims to limit visitors from mainland for now

Plan is to accept more than 21 million a year once infrastructure can cope

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