Stockbroker sees two more years of gaming slump

2015/9/30

From：Macau Business

Macquarie Securities thinks Macau’s gaming industry faces another two difficult years.

The stockbroker forecasts in a report that the slump in gross gaming revenue will persist until 2017.

Macquarie Securities predicts that new capacity in the gaming market will curb the profits of casinos.

“Macau is adding as much as 65 per cent new hotel room capacity, 75 per cent additional slots and 21 per cent additional tables over the fourth quarter of 2015 to 2019, which we think will put enormous pressure on the margins/returns of the casino operators,” the report says.

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