It also reduced its estimates for 2013 to 11 % from 16 %
Japanese brokerage house Nomura cuts Macau forecast
(Macau / Japan).- Japanese brokerage house Nomura has cut its 2012 forecast for Macau’s casino gross gaming revenue. In an investors’ note published last week, Nomura analyst Harry Curtis cut the forecast to 15 % from 19 %.
2012-06-13
Reading time 31 seg
(Macau / Japan).- Japanese brokerage house Nomura has cut its 2012 forecast for Macau’s casino gross gaming revenue. In an investors’ note published last week, Nomura analyst Harry Curtis cut the forecast to 15 % from 19 %.
Nomura also reduced its estimates for 2013 to 11 percent from 16 percent.
Macquarie Capital Securities analysts Gary Pinge and Elaine Lai wrote in a research note on Wednesday that “while the market has come to terms with the slowdown in VIP, we think that there may be over-optimism on mass market – which we believe started to show cracks in May.”
The two analysts retain their 15 percent market growth for Macau’s casino industry for full-2012. “We think growth expectations in Macau are going to undergo an uncomfortable adjustment phase – driving volatility,” they said.
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