The days of 40 percent to 50 percent growth in gaming are long gone, in the opinion of SJM Holdings Ltd., the company founded by gaming guru Stanley Ho that now operates the most casinos in Macau.
In fact, for 2013, CEO Ambrose So believes gaming growth “will be in the low teens.”
For the month of February, Macau officials said gaming revenue grew 11.5 percent year-over-year.
Still, So said, “low teens” is very good.
Analysts have advised that China’s economy is not improving . One analyst said he doesn’t see “demand on the VIP side recovering from last year.”
In 2011, gambling in the Chinese enclave soared 42 percent over the previous year.
Ray Poirier is the longtime executive editor at GamingToday.
Contact Ray at [email protected].