ast year, Macau raked in a total of us$ 23.54 billion. For 2012, CLSA estimates that casino gross gaming revenue may increase 25 % to us$ 38 billion, Bloomberg reported.
“Improvements in the macro environment as well as China’s tourism push should result in higher average spending and hence revenues,” Fischer and Ng said.
CLSA also upgraded SJM Holdings shares to “buy” from “outperform” with a new price target of us$ 2.36. Sands China, Wynn Macau and Melco Crown Entertainment also saw their share-price estimates increased to us$ 3.70, us$ 3.76 and us$ 12.20 respectively.