2015 drop of 34-35 pct in casino takings predicted

2015/12/9

From:Macau Business

Fitch Ratings now forecasts that gross gaming revenue in Macau’s casinos will be 34 per cent or 35 per cent lower this year than last.

A report by the rating agency forecasts an annual contraction in gaming revenue of roughly 5 per cent next year.

“Fitch’s 2016 forecast assumes stabilisation in the mass-market segment; continued, albeit moderating, declines in the VIP segment; and modest growth driven by the new capacity coming online on Cotai,” the report says.

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