Drop between 11 and 13 percent
Macau VIP gaming remains weak
(Macau).-Macau’s casinos are continuing to post weak VIP gross gaming revenue results, says Japanese brokerage Nomura.
2014-06-18
Reading time 29 seg
(Macau).-Macau’s casinos are continuing to post weak VIP gross gaming revenue results, says Japanese brokerage Nomura.
The firm estimated on Monday VIP revenue could be down between 11% and 13% on year-on-year terms for full-June.
The good news is that Nomura’s checks indicate mass headcount “remains strong”. Analysts Louise Cheung and Harry C. Curtis said mass-market GGR could be up between 34% and 38% from last year for the full month.
June GGR could stand atUS$3.6 billion, increasing by 1% to 4% on year-on-year terms, the two analysts estimated.
U.S.-based brokerage firm Sterne Agee said also on Monday its June GGR outlook for Macau’s casinos remains between a drop of 2% and growth of 3% from last year, “with a bias toward the low-end of our range”.
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