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Can Genting Singapore survive shrinking global VIP revenue?

Jude Chan
Jude Chan9/20/2016 09:27 AM GMT+08  • 2 min read
Can Genting Singapore survive shrinking global VIP revenue?
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.
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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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