Macau Casinos Awaiting For New China Era

Posted: July 20, 2012 in Uncategorized

Special commentary by Professional Ground Decoder

Macau casinos seem to be in still water now, amidst China economy slowing down.

Premier Wen of China continues to supress internal property market prices, only allowing credit flow onto productive business investments.

The trends would be towards a tight but slow credit environment to persist on capital market until end of 2012, after the 18th Congress to be organized. Leadership changes will take place during the sensitive period in November this year.

It is envisaged that Macau casino business will revive after the 18th Congress meeting, with more open credit flow allowed when new leaderships are in place.

In the mean time, Macau gaming revenues will achieve 15% growth on average.

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