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4% lower than the same quarter in 2013.Here are the dismal numbers – The stocks of the six casino concessionaires in Macau saw an average drop of 40% in 2014. A shrinking, or less robust economy will certainly drive the numbers at the casinos....

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Whereas in 2013 Melco Crown Entertainment Ltd., MGM China Holdings Ltd.4% lower than the same quarter in 2013....

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The Chinese economy is vast and complicated, and as far as we can know the part of the corruption crackdown that stymied the junkets could be a shakedown that will mysteriously evaporate as soon as the Big 6 in Macau show some interest in neighboring Hengqin. The government’s aggressive crack-down on corruption, including increased oversight of mass market favorite UnionPay cards certainly had an overall effect.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....

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Although efforts have been madestar casino kitchen bar netk 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. Complete financials for 2014 are not available yet, so we will need to speculate a bit based on overall numbers, and we’ll leave it to readers to form their own opinions., and Galaxy saw their stock prices double....

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