Tag Archives: Fitch
China – Fitch pitches Macau growth to be at 13 per cent in 2018
Fitch Ratings believes Macau’s gaming revenue growth will come in at a solid 13 per cent this year, down from 19 per cent in 2017, driven by 16 per cent growth in the mass market segment and 10 per cent in VIP. Fitch said that the market is about equally weighted to each of these…
China – Macau to remain relatively unaffected by birth of Japan’s casinos
Japan’s future casino industry, which should be worth between US$3bn and US$9bn a year in gross gaming revenue, won’t impact Macau but more likely integrated resorts in Russia and Korea. Analytical group Fitch has made the predictions of up to US$9bn annually depending on the number of casinos allowed. Fitch said: “We expect cannibalisation to…
South-East Asia – Mass market to drive Macau, Singapore and Malaysia
Fitch ratings believes that Chinese tourism will continue to drive the mass market in South East Asia with high single digit growth predicted for Macau in 2018. Alex Bumazhny, Senior Director at Fitch said: “Fitch believes Chinese tourism expenditure is a key driver of gaming performance in Southeast Asia. Chinese visitors were the largest segment…
Japan – Fitch lowers estimated revenues for Japan’s casino industry to $5bn to $10bn
Fitch Ratings has revalued its predicted annual gaming revenue in Japan, forecasting that it will range between $5bn to $10bn per year, falling far short of earlier predictions from CLSA that it will generate revenues of $20bn a year. As a yard stick, Macau’s casino sector is being tipped to generate $25bn in 2017. Fitch…
US – East coast expansion facing uphill battle
Large East Coast states’ legislatures have potential to expand gaming in their respective states; however, large-scale expansions in the US face uphill battles, according to Fitch Ratings. Fitch said: “Possible expansions will have uneven credit consequences for gaming issuers, but we believe most casino operators should be able to weather competitive impacts since the expansions…
