Fitch forecasts bigger 2015 gaming revenue plunge

2015/9/23

From:Macau Business

Fitch Ratings now forecasts that gross gaming revenue in Macau’s casinos will be between 33 per cent and 34 per cent lower this year than last.

The rating agency previously forecast a decline in revenue of 29 per cent.

Fitch says it is forecasting a bigger contraction because it has lower

expectations that new casinos opening this year will generate much more business.

It expects next year to be a relatively steady year for Macau’s casinos.

Copyright@Macau Business