In 2012
Fitch Ratings forecasts 12 % gaming growth for Macau
2012-10-03
Reading time 21 seg
(Macau).- Fitch Ratings announced last week that it has tightened its 2012 growth forecast for Macau’s gross gaming revenue to 12 %. In July, the rating agency had revised its full-year growth rate projection to an interval of between 10 to 12 /, from the previous estimate of 15 percent.
Fitch now says it believes “the near-term VIP demand softening has been stabilising”.
The rating agency says that growth should continue to slow next year, “as we are currently looking for an increase of 7 percent to 8 percent in 2013”.
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