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Asia Entertainment & Resources Message Board

  • drjackcar drjackcar Feb 13, 2013 8:18 AM Flag

    ran across this yesterday

    "Meanwhile, investment analysts at Jefferies Group said in a note to investors that the signs coming from the mainland economy are still far from hinting a VIP gaming rebound in Macau.

    The firm believes Macau’s gross gaming revenue will grow by 8 percent this year, which would be slower than the 13.5 percent recorded last year, our sister publication Business Daily reports."

    Estimates for overall Macau revenue growth range pretty widely as do predictions for VIP growth. Janney's analyst sees zero growth for VIP in 2013, Sterne Agee's sees something like 12% growth based on the historical GDP/VIP correlation, both cover AERL.

    The point of all of this is as far as I know nobody, not any analysts anyway, attributes their VIP calls to anything the government has done or is doing regarding a policy change that would effect VIP. They base what they're saying on economic conditions.

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