JP Morgan sees strong Q1 profit growth in Macau

2014-4-15

From：Macau Business

JP Morgan expects the profits of Macau gaming companies in the first quarter of this year to be 31 percent high than a year earlier and 4 percent higher than in the preceding quarter, Barron’s reports.

The magazine quotes the investment bank as saying it expects first-quarter gaming revenue in Macau to be 20 percent higher than a year earlier.

JP Morgan says Macau companies can deliver stronger profit growth because mass-market gaming, which has a wider profit margin, now makes up a greater proportion of their business.

Copyright@Macau Business