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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?
Decline below -10 percent
Decline from 0 to -10 percent
Growth from 0 to 10 percent
Growth above 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

June hotel occupancy rate falls to 73.9 pct

Three-star hotels fill 75.7 pct of their rooms, five-star hotels 75.3 pct

June package tourists decrease 17.5 pct to 707,000

Govt statisticians say contraction reflects MERS outbreak in South Korea

Cecil Chao's Coloane development may abut LRT

Public works official outlines plan to accommodate both in Seac Pai Van

Court shuts door on further La Scala appeals

Joseph Lau and Steven Lo will have to live with their bribery convictions
Headlines

Greying of Macau tipped to worsen labour mismatch

Policy official says 16.3 per cent of population will be elderly in 2025

Wynn Resorts Q2 earnings in Macau US$173.4 mln

Gaming slump depresses EBITDA 43.5 pct and cuts net revenue to US$617 mln

Wynn Resorts Q2 earnings in Macau US$173.4 mln

Gaming slump depresses EBITDA 43.5 pct and cuts net revenue to US$617 mln

Chief Executive says welfare measures sacrosanct

Fernando Chui seeks to reassure public about any cuts in govt spending

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