In September 2010, casinos raked in us$ 1.87 billion
Macau: Deutsche Bank expecting new gaming record in October
2011-09-30
Reading time 39 seg
(Macau).- Deutsche Bank gaming analysts Carlo Santarelli and Kelly Knybel are expecting a new monthly casino gross gaming revenue record to be achieved in Macau in October. As for September, the two analysts say the results for the month are “largely in line with investor expectations”, tracking at around us$ 92.25 million per day until September 26.
“We would not be surprised to see the daily run rate slip a bit into the end of the month as junket operators curtail capital to prepare for the upcoming Golden Week holiday,” they wrote.
Deutsche Bank expects year-on-year gross gaming revenue growth for September to come in within the 40 percent to 45 percent range. In September 2010, local casinos raked in us$ 1.87 billion.
While the us$ 90.3 million daily run rate in September is down around 8 percent from August, the two analysts do not believe there to be any softness in the market and attribute the decline to some VIP hold issues.
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