Macau experts analyse the future

Financial experts of Macau have released an official analysis of upcoming operations in the city.

Macau.- Fitch Ratings Inc financial experts have shared an analysis on casino operations in Macau, revealing that the market-wide growth rate of gross gaming revenue (GGR) in Macau will decelerate to 11 percent in 2018, as reported by GGRAsia. However, the region’s gross gaming revenue went up 36.4 per cent in January to €2.58 billion.

“For 2018, we are forecasting 11 percent gross gaming revenue growth for Macau, which is a deceleration from 19 percent that we saw last year,” said Fitch Ratings director Colin Mansfield. “The market will continue to benefit from a healthy China economy and the opening of new resorts and ramp-up of existing properties.”

And the statement continued: “Fitch’s cautious position on VIP reflects inherent volatility and the potential for an economic slowdown on mainland China. The housing market [in mainland China] continues to show signs of deceleration, with housing sales turning negative year-on-year for three consecutive months in fourth quarter 2017. In addition, credit conditions are tightening.”

Furthermore, local authorities have confirmed that the gross gaming revenue in the gaming hub reached €1.7 billion during the first three weeks of January 2018 – an increase of around 21 percent year-on-year.