Macau’s gambling market is growing: it will reach USD 146 billion in 2020

Macau’s gambling market is growing: it will reach USD 146 billion in 2020

Macau’s gambling market is growing: it will reach USD 146 billion in 2020
According to Morgan Stanley analysts, the Macau market will reach $146 billion by 2020 due to an annual profit growth rate of 13%.
However, there are a number of risks that may not meet expectations. For example, the process of re-applying for a license in Macau, as well as competition from Japan and the Chinese province of Hainan.
“Updating the license may have negative financial consequences or even lead to a complete loss of gaming profits. Due to the potential opening of the market in Japan and Hainan Province, Macau’s share may decrease significantly,” the analysts noted.
Morgan Stanley emphasized that the shares of US gambling companies are better protected from the negative effects of these phenomena, and added that Galaxy and Sands China are the two companies that will suffer the least due to their scale and higher profit levels.
Last month, Macau’s gambling regulator banned casino employees from visiting gambling establishments after hours.
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