SINGAPORE (Sept 20): Morgan Stanley Research says its 2017 growth estimate of 4% y-o-y for global VIP gambling revenue is at risk, amid a “shrinking VIP world” despite better profitability outside Macau.
The risks are elevated by slowing macro-economic growth in China – the major source of VIP demand, Morgan Stanley says in a report on Sept 12.
Global VIP revenue fell sequentially by 3% in 2Q16, after being flat for the last two quarters, it said.
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