According to KES forecast
Gaming to grow by 7.5 percent in 2013 in Macau
(Macau).- Securities and investment broker Kim Eng Securities (KES) forecasts a 7.5-percent growth rate for Macau’s gaming industry in 2013, which will be driven by a 25 percent jump in the mass-market segment.
2012-11-29
Reading time 28 seg
(Macau).- Securities and investment broker Kim Eng Securities (KES) forecasts a 7.5-percent growth rate for Macau’s gaming industry in 2013, which will be driven by a 25 percent jump in the mass-market segment.
The broker wrote in a note that the mass market will be the next driver of growth in Macau as VIP gross gaming revenue approached negative territory in the third quarter of this year, Bloomberg reported.
KES also forecasts the gaming industry’s centre of gravity will shift towards the Cotai area, brought about by the infrastructural developments to increase mass market products, visitation and ease checkpoint bottlenecks. “We are optimistic on the mass market segment growth as Cotai transforms into a world class tourism destination,” KES wrote.
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