Macao reborn (or not?)
For the first time in two years (starting June, 2014) Macao casinos showed positive economical results. In comparison with August, 2015 gambling facilities earned 1.1% more – $2.36 billion total. This fact may seem insignificant but in reality, things get better than it seems. Wynn Palace casino opened in the region Cotai, and Parisian Macao (Las Vegas Sands) will open its doors in the middle of September.
“Macao economics is now in the period of spreading cost and increased competition in conditions of aggressive macro environment“, says Jaime Suh, Daiwa Capital Markets analytic.