Revenue could reach us$ 4.35 billion
October casino takings expected to hit new record in Macau
2013-10-08
Reading time 23 seg
(Macau).- Analysts expect Macau’s casino gross gaming revenue to rise to a new record this month. Sterne Agee analyst David Bain said revenue could be us$ 4.35 billion, 26 % more than a year earlier. Wells Fargo’s Cameron McKnight estimates this month’s revenue growth is trending between 17 % and 23 %.
“Economic momentum remains strong. High-end Chinese economic sentiment rebounded sharply in September. The property market remains robust and should help support player confidence,” he said.
Barclays analyst Phoebe Lee also expects this month’s revenue to break the record of us$ 3.84 billion set in March, Bloomberg reports.
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