Gaming
Not quite as bad as investors feared. But still a staggering drop from any perspective. February gaming revenues recorded the biggest fall ever in Macau.
Property
Some developers have it, most don’t. Looks like it doesn’t matter in Hengqin. Permits for pre-sold flats. The deputy director of the District Management Committee of Hengqin New Area, Wang Rui Sen, has confirmed local fears.
Business
In 4Q 2014, 2,000 more hotel rooms were being built in Cotai. By four hotels. Currently, nine hotel projects are ongoing in the area. Possibly providing more than 13,900 rooms.
Gaming
Visa restrictions plus the anti-corruption crackdown in China. Mainland high-rollers are sidestepping Macau. And junket operators are struggling with disappointing results.
Gaming
February GGR was always expected to disappoint. But the freefall in gross gaming revenue was not anticipated to last so long or so deep. Deutsche Bank has thus revisited its original estimates for 2015.
Property
Both SARs made statements on housing policy on Friday. Hong Kong announced further cooling measures. While Macau CE Chui Sai On adopted a non-committal approach.
Economy
Macau's banks registered double-digit growth in profits for 2014. Thanks largely to cross-border finance business. Assets reached MOP1170 billion (US$147 billion) in 2014. Representing a 19pct increase on 2013
Gaming
Market leader SJM Holdings has announced its audited results for 2014. Gaming revenues reached HK$79.3 billion, down 8.8 pct on 2013. The decline was more than three times the industry average.
Syndicate content