Fitch revises its Macau 2013 gaming forecast

2013-4-8

From:Macau Business

Fitch Ratings has revised upward its gaming estimate for Macau’s 2013 casino gross gaming revenue.

In a note issued on Friday, the rating agency increased its total Macau casino gaming revenue growth to over 11 percent year-on-year, up from over 8 percent.

Fitch mentioned the rebound in VIP growth since the fourth quarter of last year as a positive catalyst.

The ratings agency expects the VIP segment to grow 4 to 5 percent in 2013 and the mass market to go up 20 to 25 percent.

In the first quarter of 2013, Macau’s casino gross gaming revenue grew by nearly 15 percent year-on-year.

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