Several operators we spoke with over the past few days said that their sequential VIP volumes have been increasing over the last six weeks,\u201d they said. “VIP growth has decelerated, but to a more measured rate, which has a silver lining in that excessive growth attracts the attention of Beijing.\u201d<\/p><\/blockquote>\n
Macau and its casinos are more resilient than they were in 2014, more diversified, and less reliant on the VIP segment. Recent figures released by the enclave\u2019s Statistics and Census Service suggest Chinese visitor numbers are up and the enclave\u2019s retail sector is booming. Spending on non-gaming increased 20 percent year-on-year in Q2.<\/p>\n
The Macao Government Tourism Office has developed a blueprint for the tourism industry over the next 15 years that involves consistent investment in non-gaming amenities.<\/p>\n","protected":false},"excerpt":{"rendered":"
Macau casino stocks took a hit on Tuesday as Deutsche Bank revised its growth forecast for the gambling hub over concerns that a slowing Chinese economy is impacting on its VIP yield. MGM China was worst affected, falling as much as 8.8 percent — its biggest 24-hour drop in almost two years. Galaxy Entertainment and […]<\/p>\n","protected":false},"author":36,"featured_media":87795,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18,61],"tags":[],"acf":[],"yoast_head":"\n
Macau Casino Stocks Tumble Over Concerns of China Slowdown<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n