Surely, one week doesn’t make a summer but some analysts, especially those called the “China Bears” were worried Monday that Macau’s gaming business was slowing down.
The opinion resulted from the report that last week’s table game totals had declined from the previous week when analysts hailed the numbers as rising some 21 percent when compared to last year’s July experience.
But, for the week ended July 21, analysts reported business had fallen off by nearly 12 percent with some blaming credit tightening in China as the cause.
The general feeling, however, seemed to be that for the entire year, Macau will see revenues climb between 13 and 18 percent over last year.
Ray Poirier is the longtime executive editor at GamingToday.
Contact Ray at [email protected].