For the whole of 2012
Macau on track for 20 % plus growth
2012-04-17
Reading time 29 seg
(Macau).- Union Gaming Research analysts say Macau casinos continue on track to post a year-on-year gross gaming revenue growth above 20 percent for the whole of 2012. In a note to investors, analysts Grant Govertsen and Felicity Chiang said that in the first quarter casino gross gaming revenue was up 27 % year-on-year.
In order to achieve 20 percent-plus growth for the year, monthly gaming gross revenue will need to average at least us$ 3.4 billion for the balance of the year.
“This is 11 percent higher than the average year-to-date gaming gross revenue, which we think is achievable based on historical trends … and backstopped by new supply (Cotai Central) that should grow the market,” said analysts Grant Govertsen and Felicity Chiang.
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