According to JP Morgan
Macau expects strong Q1 profit growth
(Macau).- Macau gaming companiesprofitsin the first quarter are expected to be 31 percent higher than last year and 4 percent higher than in the preceding quarter, Barron’s reports.
2014-04-16
Reading time 17 seg
(Macau).- Macau gaming companiesprofitsin the first quarter are expected to be 31 percent higher than last year and 4 percent higher than in the preceding quarter, Barron’s reports.
JP Morgan expects first-quarter gaming revenue in Macau to be 20 percent higher than last year.
JP Morgan says Macau companies can deliver stronger profit growth because mass-market gaming, which has a wider profit margin, now makes up a greater proportion of their business.
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