FALL OF 13 PCT IN CASINO REVENUE FORECAST FOR 2015

2014/11/11

From:Macau Business

JL Warren Capital LLC estimates that average daily gaming revenue in Macau’s casinos has steadied between MOP820 million (US$102.67 million) and MOP870 million, indicating that gross gaming revenue will be 13 percent lower next year than this year.

The research house predicts that weaker economic growth in the mainland and the campaign against corruption there will continue to weigh on a recovery in the Macau casino business.

It says this is because players in the VIP market and the premium mass market, who together generate 76 percent of casino revenue, have similar patterns of spending, and so are similarly susceptible to deterrents in the mainland to gambling in Macau.

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