港股-博 彩业-澳门博 彩业：机会越来越大.docxVIP

Credit SuisseEquity ResearchAsia Pacific | Hong Kong Credit Suisse 1 网顿1电ecto「 Research Analysts Actual New estimates Previous estimates Kenneth Fong 852 2101 6395 MOP mn 2018 2019E 2020E 2021E 2019E 2020E 2021E VIP win rate 3.1% 3.3% 3.4% 3.5% 3.2% 3.1% 3.1% YoYchg -0.1% 0.2% 0.1% 0.1% 0.1% -0.1% 0.0% VIP 138,981 115,134 117,421 126,332 125,691 133,500 141,428 Lok Kan Chan YoY chg 10% -17% 2% 8% -10% 6% 6% Mass-market 144,841 162,946 185,759 209,908 165,119 186,585 208,975 852 2101 6390 YoY chg 17% 13% 14% 13% 14% 13% 12% Slot 16,937 17,276 18,485 19,779 17,615 19,376 21,314 Rebecca Law 铀拈3