According to Morgan Stanley

Smoking ban to hit Macau’s casino revenue growth

(Macau).- Investment bank Morgan Stanley says that Macau’s casino gross gaming revenue growth rate in 2013 may be 2.8 % age points “lower than normal” due to the forthcoming partial ban on smoking in casinos.
2012-12-21
Reading time 35 seg
(Macau).- Investment bank Morgan Stanley says that Macau’s casino gross gaming revenue growth rate in 2013 may be 2.8 % age points “lower than normal” due to the forthcoming partial ban on smoking in casinos.

Morgan Stanley analysts led by Praveen Choudhary wrote earlier this week that the current consensus estimate for revenue growth next year is 11 %, but that the ban on smoking for half of Macau’s casino floor areas, could push growth to a “single-digit” rate.

The partial ban on smoking in casinos comes into effect on January 1. Casinos can designate up to half of their gaming floors as smoking areas. In contrast, smoking is not allowed anywhere in restaurants and cafes.

Casinos are allowed smoking areas because the authorities were persuaded that a complete ban on smoking would be bad for the gaming business in particular and the economy in general.

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