Macau Casino Revenue, China PMI May Be at Potential Inflection

With wealthy Chinese driving Macau’s VIP business and the mass-market segment relying on the growing Chinese middle class, a relationship between gaming revenue growth and the China PMI leading indicator makes fundamental sense. Both have improved in recent months, with Macau revenue at a new record in October, though growth remains less than robust.

macau casinos and china pmi

Source: Bloomberg

 

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