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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?
Growth above 10 percent
Growth from 0 to 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

Macau’s intl tourism receipts world’s 5th-biggest

UN body says first four months bode well for intl tourism’s peak season

Mainland lottery blunts urge to gamble in Macau

Betting on the World Cup curbs flow of mainland money into city’s casinos

Trade unions becoming vocal about Sands China

Casino operator irritates Forefront of Macau Gaming, Gaming Employees Club

Annual consumer price inflation 5.99 pct in June

Macau people pay more for roofs over their heads and food in their bellies

Water utility sees no sign of increase in its fee

Macao Water Supply suspects govt will deny the company the amount it wants

Union Gaming Research differs on MGM Resorts

Thinks market is wrong about relative performance in Las Vegas and Macau

Govt halts building work on Parisian casino-resort

Says developer has permission only to undertake earthworks on the site

Sands China Q2 profit jumps 27 pct to US$620.2 mln

Revenue rises 15 pct to US$2.38 bln, EBITDA rises 22 pct to US$800.6 mln

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