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1 million and VIP (rolling chip) revenue of 2 million. 2014 factory output for December expanded at its slowest rate in 18 months, and new home prices are still stagnant or falling in more than 90% of the 70 most important cities in the country. Although efforts have been made to attract middle class gamblers across almost all properties from 2012 to 2014 (gambler visits were up from the mainland and down from Hong Kong in 2014) the wide gap in mass market revenue to VIP revenue has not shifted enough to account for the losses seen on the 2014 year....
Whereas in 2013 Melco Crown Entertainment Ltd.5% growth target for the first time since 1999 – when China shined like a star in the dark night of the Asian financial crisis.1 million and VIP (rolling chip) revenue of 2 million....
Wynn Macau was the extreme exception and saw a Q3-2014 mass gaming revenue increase year to year of nearly 40% while VIP revenue on drop was 17.3 million to 0 million, and City of Dreams made 3. Whereas in 2013 Melco Crown Entertainment Ltd....
The government crackdown on corruption, which may be rampant in many elements of Chinese business, has definitely driven high stakes players from the tables, giving operators more than a nudge to diversify their top-heavy VIP dependent business model. The volatility of the game is low, meaning players will most often pick up a lot of smaller wins to keep feeding their bankroll in hopes of the bigger feature wins, which can be substantial. Anti-smoking measures may have hurt the push to mass market, but numbers were still up in that area....
8.We might conclude along with other information that while the turmoil in Hong Kong drove down visitor numbers, a total increase in mass market gaming occurred in 2014 due to more visits from the mainland.We have to keep in mind the government motto of, “One Country Two Systems” because the money that flows into Macau comes from the mainland....
