Fitch Ratings and Barclays have both cut their estimates for full-year gaming revenue growth in Macau to 10% because of the diminished spending among VIPs, reports Tiffany Ap for South China Morning Post.
“A lot of people are revising down,” Standard & Poor’s credit analyst Joe Poon said in the article. “At the beginning of the year people were seeking high double-digit but now it’s fallen to low double-digit.”
Market Vectors Gaming ETF
For more information on the gambling industry, visit our gaming category.