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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

May package tourists decrease 1.1 pct to 688,000

Fewer come from mainland, Hong Kong or Taiwan, but more South Koreans visit

Macau eases rules for mainlanders passing through

Travellers in transit now allowed to linger for seven days instead of five

Average price of housing drops 12.6 pct in May

Fewer homes are sold as market cools, most noticeably on Coloane and Taipa

Casinos giving more weight to promotion, bank says

Deutsche Bank infers one-tenth of Q1 mass-market takings spent on promotion
Headlines

Govt to table catch-all anti-smoking bill

Measure may harm economy, but public health takes priority, official says

Commerce, industry to get 17 ha of reclaimed land

All reclamation zones will have land for tourism and leisure industries

One Oasis marketing man forecasts housing recovery

Predicts prices will rise 10-15 pct in H2, and more sales in 2015 than 2014

Galaxy Entertainment boss questions smoking ban

Francis Lui urges more imaginative way to protect health of casino staff

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