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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.This small sample should corelate directly to 2014 profit or loss if the drop is solely attributable to VIP gamblers, but it doesn’t.1 million and VIP (rolling chip) revenue of 2 million....
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. But the overall economic downturn in the Chinese economy may well be more of a force in the year-end numbers. Whereas in 2013 Melco Crown Entertainment Ltd....
Sands China LTD had a January 6, 2014 stock price of ., MGM China Holdings Ltd. The complicated Chinese economy is set to miss the government’s 7....
And although all indications are that the rich are getting richer (precise numbers are impossible to come by because China’s elite do not disclose details to government statisticians) the top 1% are not the only contributors to the VIP tables. The government’s aggressive crack-down on corruption, including increased oversight of mass market favorite UnionPay cards certainly had an overall effect. 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....
Anti-smoking measures may have hurt the push to mass market, but numbers were still up in that area. 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. The Venetian Macau showed the best mass market to VIP balance of any Macanese concessionaires in Q3-2012 with mass market (table games only) revenue of 7....
