Expect 12 pct growth in gaming revenue: Fitch

2013-12-18

From：Macau Business

Fitch Ratings Inc expects gaming revenue to grow by 12 percent in Macau next year – the highest forecast for any major Asia-Pacific gaming destination assessed by the firm.

The ratings agency says it expects Macau’s gaming companies to maintain their credit profiles, underpinned by strong free cash flow.

But the development of casino resorts elsewhere in Asia could threaten revenues at companies that focus on Macau.

“The broader Southeast Asian market is deep enough to absorb some additional market capacity without a significant negative impact,” Fitch says

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