Mass-market table gaming revenue is estimated to grow by 15 percent
Fitch slashes Macau gaming revenue forecast for 2014
(Macau).- Fitch Ratings has reduced its forecast of annual growth in gaming revenue in Macau this year to 4 percent from 10 percent. The rating agency says the reduction is due to continuing weakness in revenue from VIP gaming.
2014-09-15
Reading time 18 seg
(Macau).- Fitch Ratings has reduced its forecast of annual growth in gaming revenue in Macau this year to 4 percent from 10 percent. The rating agency says the reduction is due to continuing weakness in revenue from VIP gaming.
It forecasts that mass-market table gaming revenue will grow by 15 percent and slot machine gaming revenue by 5 percent, but that VIP gaming revenue will shrink by 15 percent.
“But we note that long-term fundamentals remain strong,” Fitch says in a report.
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