Bloomberg (March 1)
Macau’s going through a bit of a slump. “Players failed to materialize during what is traditionally one of the busiest weeks of the year…. Casino revenue is now projected to plunge 53.5 percent for the month” of February, with annual gambling revenue forecast to decrease nearly 10% for the year. Nevertheless, Macau “remains way ahead of its closest global competitor in Las Vegas.” In 2014, Macau took in nearly seven times more gaming revenue than Las Vegas.
Euromoney (September Issue)
“There is nothing understated or stumbling about the recovery in Japanese markets since the Abe government took power last December with a pledge to lift the country out of a prolonged slump. The overvalued yen has plummeted giving a massive boost to beleaguered Japanese exporters, while the Tokyo stock market has gone from global backwater to top performer.”
Tags: Abe government, Global backwater, Japan, Japanese exporters, Recovery, Slump, Tokyo, Top performer, Yen
