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China – Macau tipped for growth in 2017
S&P Global Ratings and Deutsche Bank are among the analysts who have joined Macau Chief Executive Fernando Chui in predicting that the Macau economy will recover to grow in the low single-digits in 2017. The 2017 recovery will be driven by Macau’s gaming industry with gross gaming revenue (GGR) tipped to grow by as much…
US – Deutsche Bank to sell shares in Red Rock Resorts
Deutsche Bank is looking to sell off its US$400m share in Red Rock Resorts, formerly known as Station Casinos, an operator of more than a dozen casinos across Nevada and California. The German bank wants to offload its 16.9 per cent holding in the company that runs Red Rock Casino, Green Valley Ranch, , Palace…
