Wells Fargo analyst forecasts
Macau casino market to be worth USD 100 B by 2020
2014-10-22
Reading time 22 seg
(Macau).- Cameron McKnight, Wells Fargo Securities Senior Gaming Analyst and Managing Director, forecasts Macau’s casino gaming market to be worth USD 100 B by 2020. The newspaper quotes McKnight as saying in an interview that mass-market gaming will lead the growth, and that VIP gaming and junkets will account for smaller proportions of casino gaming revenue than they do now.
But he added: “Like all great growth stories, nothing occurs in a straight line and there are some issues that have to be worked out before growth resumes and that longer-term target is achieved.”
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