Every year, I forecast key trends and events for the next 12 months then grade those predictions at the end of year. Here are forecasts for 2019.
Reports of Macau’s demise are greatly exaggerated: Like mediocre military strategists, Macau casino investors are determined not to lose the last war. The 2014-16 gaming revenue meltdown took analysts by surprise, and they will not let that happen again. But the 2014 crash is far different from the closing months of 2018 showing slow, steady growth, led by mass gaming, a pattern likely to continue in 2019.