For a third consecutive month

Macau’s casino revenue growth slowing

2014-01-31
Reading time 25 seg
(Macau).- The annual rate of growth in gross gaming revenue is set to slow for a third consecutive month, according to forecasts by three analysts. Wells Fargo Securities analyst Cameron McKnight has reduced his estimate of growth this month to between 11 percent and 13 percent from between 13 percent and 17 percent.

Sterne Agee analyst David Bain has cut his estimate to between 14 percent and 17 percent from between 18 percent to 21 percent.
Barclays Bank’s growth forecast is capped at 11 percent.
 
Annual growth in gross gaming revenue peaked at 31.7 percent in October before slowing to 21.3 percent in November and 18.5 percent last month

Leave your comment
Subscribe to our newsletter
Enter your email to receive the latest news
By entering your email address, you agree to Yogonet's Terms of use and Privacy Policies. You understand Yogonet may use your address to send updates and marketing emails. Use the Unsubscribe link in those emails to opt out at any time.
Unsubscribe
EVENTS CALENDAR