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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

Chui staff deny election shenanigans allegation

May sue HK magazine over report about favours for electoral college members

Fraud suspect’s brother sued over gambling debts

Singapore casino operator demands S$1.88 mln from sibling of Chen Jihong

Gaming websites poach Galaxy Entertainment brand

Casino operator tells the public it has no online gaming business at all

Vietnamese may soon be allowed to play in casinos

Draft decree to this effect due to be given to prime minister in October

July domestic exports grow 6 pct to MOP192 mln

Help total exports to reach MOP759 mln while imports grow to MOP7.24 bln

Ways to pare migrant labour force on Chui agenda

Chief executive promises Macau people priority in labour market in future

Grand Lisboa croupiers threaten industrial action

SJM Holdings staff intend to refuse to open chip floats, so preventing play

Marchers demand higher pay for working in casinos

Forefront of Macau Gaming calls for all six casino operators to improve pay

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