Macau casinos have declared this year "bad". Failure of income dynamics is expected. True, the signs of ruin are still far away. The reasons for the change in the "paradigm" of the financial model are discussed by experts.
The enclave of casinos, equipped by the operators of Wynn Resorts, international MGM Resorts, Las Vegas Sands, awaits difficult times - the habit, at the end of the year, to publish the dynamics of income, represented by double-digit numbers, will sink into oblivion. The current year in the casino reports will be characterized by a 3% increase in income. The 14% figure, which characterized the income growth of the average gambling site, will become a dream.
Analysts, commenting on the situation, state: Macau was squeezed like an orange. The period of youth is over. The two decades marked by the return of Macau to China's patronage have been a period of explosive growth for casinos. The next stage is restrained maturity: the financial models of gambling zones will be close to competitors of the distant Las Vegas, Atlantic City.
The global crisis, affecting the Chinese economy, caused a drop in the flow of high rollers - the only players that ensured the prosperity of the casino. Today, VIP players have moved to southeastern casinos, following operators promising loans.
Development strategies, we note, have already been announced by several casino owners. For example, the Suncity holding is preparing to open a Vietnamese resort. The London resort is operated by Las Vegas Sands, and Wynn Resorts, while staying in Macau, is implementing a $ 3 billion non-gaming project.
Note that the greatest harm to Macau casinos is promised by the Japanese gambling miracle - the planned construction of casino resorts with a $ 20 billion profit, will suck in a fair number of gambling fans there.
Михаил Слотчевский | Last update: 10.12.2019
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