Casino revenue plunge yet to hit bottom, bank says

2015-07-13

2015/7/9

From：Macau Business

Morgan Stanley says the decline in gaming revenue in Macau’s casinos has yet to reach its trough.

The investment bank says in a note that it has increased its forecast of the decline in casino gross gaming revenue this year to 34 per cent from 26 per cent.

The note says Macau’s casino industry in general and VIP gaming in particular are threatened by the narrowing of profit margins and increases in costs.

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