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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. 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.Las Vegas Sands Corporation seems to have stopped reporting breakout numbers but we can look at 2012 for guidance....
But the overall economic downturn in the Chinese economy may well be more of a force in the year-end numbers. Anti-smoking measures may have hurt the push to mass market, but numbers were still up in that area. But the overall economic downturn in the Chinese economy may well be more of a force in the year-end numbers....
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The icons for the game are colorful glowing dragon eggs.Here are the dismal numbers – The stocks of the six casino concessionaires in Macau saw an average drop of 40% in 2014.Sands China LTD had a January 6, 2014 stock price of ....
