According to JL Warren Capital report
Possible 13 percent drop in revenue for Macau in 2015
2014-11-13
Reading time 33 seg
(Macau).- Macau Casinos could see a 13% drop in revenue for 2015 compared to this year. Research company JL Warren Capital informed that weaker economic growth in mainland China as well as the central government's corruption campaign continue to weigh down a recovery in the Macau casino industry.
The firm says that daily revenues in Macau are now steady at US$ 102.67 million on average, which would indicate a 13% decline in revenue for 2015.
It says this is because players in the VIP market as well as the premium mass market, who together generate 76% of casino revenue, have similar patterns of spending, and as such are similarly susceptible to mainland deterrents to gambling in Macau.
However the firm is unable to factor in new casino openings which will occur in the second part of 2015, which may help boost revenues for Macau.
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