As investors await the final January revenue numbers out of the Macau gaming industry, Morgan Stanley has released a new report claiming that revenue growth could return to Macau as soon as June 2016.
Analyst Praveen Choudhary believes that December’s -22 percent revenue number is a further indication that year-over-year revenue declines in Macau have already reached an inflection point and will cross back into positive territory by mid-year.
“We believe this will be driven by increase in overnight visitors, stable competition, better cost management and limited increases in staff salary,” Choudhary explained.
In addition, Morgan Stanley is projecting…
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