Analyst predicts US$100 bln casino market in 2020

2014/10/20

From:Macau Business

Wells Fargo Securities LLC senior gaming analyst and managing director Cameron McKnight says he expects Macau’s casino gaming market to grow to be worth US$100 billion (about MOP800 billion) a year by 2020, Business Daily reports.

The newspaper quotes Mr McKnight as saying in an interview that mass-market gaming will lead the growth, and that VIP gaming and junkets will account for smaller proportions of casino gaming revenue than they do now.

But he added: “Like all great growth stories, nothing occurs in a straight line and there are some issues that have to be worked through before growth resumes and that longer-term target is achieved.”

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