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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

MGM China’s project in Cotai faces slight delay

Co-chairman says costs, lack of labour may hinder opening of casino-resort

JL Warren expects flat 2014 casino gaming revenue

Research house forecasts annual fall of 20 pct in October casino takings

Gaming takings show quarterly decrease of 8.9 pct

But revenue from slot machines rises by MOP100 mln in Q3 to MOP3.7 bln

Nightspots cannot postpone smoking ban, govt says

Health official bemoans smokers sneakily puffing away in casino toilets
Headlines

Analyst predicts US$100 bln casino market in 2020

But Wells Fargo’s Cameron McKnight says Macau must first deal with ‘issues’

Baccarat no longer quite the money-spinner it was

Casino takings from the VIP and mass markets for the game dwindle in Q3

Sands China Q3 net profit ticks up to US$644.6 mln

But, in a sign of the times, the casino operator’s revenue drops slightly

Telsey regards Macau gaming stocks as good bets

As Q3 earnings reporting season looms, says margins are the main unknown

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