According to analyst Cameron McKnight
June casino revenue could grow up to 12 % in Macau
2013-06-12
Reading time 33 seg
(Macau).- Casino gross gaming revenue could go up by 8 to 12 % year-on-year in June, Wells Fargo says in a note released this week. That means gross gaming revenue could reach up to us$ 3.3 million this month. Analyst Cameron McKnight says that is based on early trends through June 9.
According to McKnight, month-to-month average daily revenue, including slot machines, stood at us$ 104.6 million. He wrote that Macau’s casino sector performance is expected to accelerate in the upcoming months due to additional infrastructure, hotel and table supply.
Other positive factors mentioned by McKnight include an increasing share of high spending, longer staying, northern mainland Chinese, and year-on-year comparisons which continue to ease through the third quarter of 2013.
Earlier this month, Japanese brokerage firm Nomura also forecast that June’s casino gross gaming revenue could increase by 12 % year-on-year.
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