International edition
June 20, 2021

According to CLSA

Macau casino revenue may go up by 30 % in 2011

(Macau).- CLSA has revised its projections for the growth of Macau’s gaming industry in 2011. According to a note to clients from Hong Kong-based analysts Aaron Fischer and Huei Suen Ng, the forecast for the full year casino gross gaming revenue was upgraded to 30 % from the previous 20 % estimates.

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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.

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