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Deutsche Bank gloomier about 2014 gaming revenue
- 2014-09-23
2014/9/22
From:Macau Business
Deutsche Bank has reduced its forecast of growth this year in gross gaming revenue in Macau’s casinos to 1 percent from 10 percent.
The bank predicts that the slowing of the flow of revenue from VIP gaming will be accompanied by a slower flow of revenue from mass-market gaming.
And it has given a warning that the increase in supply in the gaming market as the first of the new casino-resorts in Cotai open next year may fail to spur new demand.
Copyright@Macau Business