Macau 2015 to be a year of two halves, Bloomberg

    Published in: Latest IntelligenceAs Macau limps towards the end of what promises to be the worst year for revenue since the gambling market opened up in the early 2000s, analysts are struggling to predict what may lie in store for 2015.The general consensus is that the early part of the year is likely to bring little respite from the contraction that began in June. It’s on what happens beyond, that views begin to diverge.For Bloomberg senior analyst for gaming and lodging and director of Asian research, Tim Craighead, next year will again be a year of two halves — through a mirror image.Speaking at the Bloomberg Intelligence annual luncheon at the Conrad hotel in Hong Kong, Craighead charted the litany of factors that reversed an early surge in revenue in 2014 into the current contraction. Casino operator stocks are now some 40 percent lower and gaming revenue down 20...

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