International edition
September 19, 2020

That compares with a growth rate of 7.3 % in May

Macau: Forecasts hint double-digit growth rate in June

(Macau).- Several analysts are forecasting Macau’s casino sector will post a double-digit gross gaming revenue growth rate this month, Business Daily reports. Kenneth Fong of J.P. Morgan in Hong Kong expects June revenue to reach us$ 3.1 billion, up by 20 percent year-on-year, based on information available until June 17.

T

hat compares with a growth rate of 7.3 percent in May, the slowest in almost three years.

Cameron McKnight of Wells Fargo in New York estimates a casino gross gaming revenue growth rate of 19 percent year-on-year for June, based on the performance of the first 17 days of the month.

Jon Oh of CLSA Asia-Pacific Markets in New York expects growth in June to “rebound to the mid- to high-teens.”

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