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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

Survey finds casino service improved in Q2

Gaming staff are more proactive and tolerant, but their smiles need work

James Packer envisages new casino in Las Vegas

The gaming mogul is negotiating for possession of site of new casino-resort

Average housing price climbs to MOP97,406 in June

While prices rise, the number of homes sold falls everywhere except Coloane

H1 trade deficit widens by 15 pct to MOP38.42 bln

Exports climb 10 pct but their value is dwarfed by imports that jump 14 pct
Headlines

Hamstrung Russians may try to raise money in Macau

Russian banks, companies seek to get round Western sanctions over Ukraine

Wynn Resorts boss says Wynn Palace to open on time

Steve Wynn aims to open the Cotai casino-resort at Lunar New Year in 2016

Wynn Resorts Q2 EBITDA in Macau US$307 mln

Casino operator’s VIP business dips while its mass-market business leaps

Nomura detects strong mass-market gaming trends

But thinks below-average win rate curbed VIP revenue in week ended July 27

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