Macau profitability analysts were not justified in 2019 – in comparison with last year, experts fix a decrease in the level of profitability from the gembling industry. The forecast for the last quarter of 2019 and the prospects for its extremely irrelevant.
In each next month, income will continue to shrink, comparing with the previous. Open access results Published Analysts Morgan Stanley. According to their expectations, the main indicators will continue to decline and, which is likely to reduce the profitability that the premium segment demonstrates. It is reported that low indicators are due to a decrease in economic growth, as well as a decrease in the number of visitors in the dark.
According to the latest forecasts, over October, the GGR level is able to decrease by 6%, and in each of the following months – by 9%. A huge role in this is playing a limited offer of the hotel segment.
Previously reported that the VIP segment is to demonstrate growth in the 3rd quarter and keep his own position until the end of this year. Nevertheless, the mass segment continues to decline – according to the results of the 3rd quarter of the GGR of the gambling market reached 8.8 billion dollars, 3% lower, if compared with the same period of 2018.
Macau’s performance fell for several reasons and the key role in this was played by the so-called shopping war between the US and China and the changes in China’s economic policy.