According to HSBC bank analyst
January casino revenue to reach us$ 3.5 billion in Macau
(Macau).- Macau casinos will post close to us$ 3.5 billion in gross gaming revenue this month, analysts say. HSBC bank analyst Sean Monaghan forecasts January gross gaming revenue to hit us$ 3.43 billion up by 11 % year-on-year.
2013-01-31
Reading time 39 seg
(Macau).- Macau casinos will post close to us$ 3.5 billion in gross gaming revenue this month, analysts say. HSBC bank analyst Sean Monaghan forecasts January gross gaming revenue to hit us$ 3.43 billion up by 11 % year-on-year.
Sean Monaghan cited checks for the first 27 days of January showing the city’s casinos have recorded us$ 3 billion in revenue, which gives an average daily run rate of us$ 111.5 million. “This average daily running rate is down two percent from the last week’s figure of us$ 113.9 million (first 20 days) and up 0.3 percent year-on-year on January 2012,” he says.
David Bain from U.S.-based brokerage firm Sterne Agee wrote in a note that Macau table-only gross gaming revenue is us$ 2.85 billion through to January 27. “The slot inclusive gross gaming revenue run-rate puts January at around us$ 3.39 billion, approximately 10 percent year-on-year growth, or two percent below monthly record territory set in December 2012,” the analyst wrote.
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