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2024-04-29 04:55:15
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That number plumetted to . Wynn Macau was the extreme exception and saw a Q3-2014 mass gaming revenue increase year to year of nearly 40% while VIP revenue on drop was 17.5% growth target for the first time since 1999 – when China shined like a star in the dark night of the Asian financial crisis....
Whereas Wynn Macau reported a disparity of 1. Whereas Wynn Macau reported a disparity of 1.This small sample should corelate directly to 2014 profit or loss if the drop is solely attributable to VIP gamblers, but it doesn’t....
So let’s take a look at some numbers – specifically to compare the mass gaming market, which by all indicatorbitstarz reviewss should be shrinking, with the VIP, or “rolling chip” market. A shrinking, or less robust economy will certainly drive the numbers at the casinos. Complete financials for 2014 are not available yet, so we will need to speculate a bit based on overall numbers, and we’ll leave it to readers to form their own opinions....
We have to keep in mind the government motto of, “One Country Two Systems” because the money that flows into Macau comes from the mainland. The government’s aggressive crack-down on corruption, including increased oversight of mass market favorite UnionPay cards certainly had an overall effect. 2014 factory output for December expanded at its slowest rate in 18 months, and new home prices are still stagnant or falling in more than 90% of the 70 most important cities in the country....
And although all indications are that the rich are getting richer (precise numbers are impossible to come by because China’s elite do not disclose details to government statisticians) the top 1% are not the only contributors to the VIP tables. Although efforts have been made to attract middle class gamblers across almost all properties from 2012 to 2014 (gambler visits were up from the mainland and down from Hong Kong in 2014) the wide gap in mass market revenue to VIP revenue has not shifted enough to account for the losses seen on the 2014 year. The complicated Chinese economy is set to miss the government’s 7....
