JL Warren expects flat 2014 casino gaming revenue

2014/10/20

From:Macau Business

JL Warren Capital LLC now thinks gross gaming revenue in Macau’s casinos will probably be about the same this year as last year.

The research house attributes the expected absence of growth to the campaign against corruption in the mainland; sluggishness in the secondary market there for property, a common source of collateral for borrowing by VIP gamblers; the credit crunch for junket operators; the dimming of prospects for global economic growth; the political demonstrations  in Hong Kong, which are curbing the flow of visitors from the mainland to Macau; and new restrictions on smoking in Macau casinos.

JL Warren forecasts that gross gaming revenue this month will be 20 percent lower than a year ago.

Copyright@Macau Business