According to latest report from Deutsche Bank
Slowdown warning alert for Macau casinos
(Macau).- Deutsche Bank´s latest report on Macau’s casino industry says the sector growth could slow down if there is a reduction of Chinese consumer spending.
2011-08-24
Reading time 24 seg
(Macau).- Deutsche Bank´s latest report on Macau’s casino industry says the sector growth could slow down if there is a reduction of Chinese consumer spending.
“While not our base case, if EU/US goes into a recession and China GDP drops to 7.9 %, Macau’s growth may fall from YTD run-rate of 45 % to 10-20 %,” Deutsche Bank analyst Karen Tang wrote in an investors note released late last week.
Tang pointed out that Macau is very dependent on the VIP segment; with luxury car, gold and jewellery sales easing in China, Deutsche Bank expects a similar impact on gaming in Macau.
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