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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?
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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.

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Govt acts to save MOP1.4 bln in 2015 fiscal year

Less revenue means depts ordered to save 5 pct of budgeted current spending

Galaxy Entertainment makes Kevin Kelley Macau COO

Kelley to oversee business development in present and future casino-resorts

Merc dealer floats atop falling tide of car market

Zung Fu Motors Macau boss says fall in his sales smaller than general drop

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Newspaper says market leader had over one-quarter of gross gaming revenue

July hotel occupancy rate falls to 80.6 pct

Average length of each hotel guest’s stay increases slightly to 1.4 nights

Success Universe swings into the red in H1

But casino operator detects signs of greater stability in the gaming market

Current account surplus MOP169.5 bln in 2014

Surplus slightly smaller than in 2013, but services trade surplus grows

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