Shifting expectations for casino growth in Macau
Shifting expectations for casino growth in Macau. Kevin Bertoli from PM Capital shares his views on the growth prospects for the casino business in Macau. He says investors have focused heavily on the shift from VIP to mass market players. What this has resulted in is the growth forecasts for these businesses have now been scales back from double digit to high single digit expectations. He is taking a longer term view when looking at the industry and specifically points out the next round of capacity expansion that should come on during 2016 and 2017. He says the market is treating these businesses as ex-growth, he on the other hand is comfortable with the longer term growth profile. He shares his view on Crown in this video:
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