Melco targets mass market growth of 25 percent in 2014

    Melco Crown expects industry mass segment growth of at least 25 percent in 2014, and VIP growth of at least 5-10 percent, UBS said in a note. That’s in line with UBS forecasts of 25 percent for the mass market and 9 percent for VIPs. 

    The company expects City of Dreams Manila (CoDM) to open before the end of 2014, with local growth underpinning the market. However, UBS says the company says it has been encouraged by strong interest by their Macau junkets in operating there. Melco reiterates a mid-2015 opening for Studio City, saying it is well ahead of rivals. Though UBS notes it has yet to present final designs for the project to the market.