International edition
June 23, 2021

According to Sterne Agee’s analyst

Macau could post new gaming record in August

(Macau).- Macau’s casinos could post a new monthly gross gaming revenue record this month if the current run-rate holds steady, two brokerage houses say. Sterne Agee’s analyst David Bain wrote this week in a note to investors that, according to the brokerage firm’s checks, Macau’s table-only gross gaming revenue reached us$ 2 billion in the first 19 days of August.

I

ncluding slot machines, Bain says that August’s full run-rate could potentially reach us$ 3.33 billion, or up by 9 percent year-on-year. That would also set a new all-time high for the industry; Macau’s current record for monthly casino gross gaming revenue stands at us$ 3.30 billion and was set in October last year.

For now, Sterne Agee’s estimates still stay below that – the brokerage house yesterday raised its August gross gaming revenue forecast to near us$ 3.2 billion from us$ 3.1 billion.

“From there, we anticipate September to end close to a positive 9-percent [growth] year-on-year, which could be boosted higher with the Phase 2 opening of Cotai Central. Subsequently, Macau benefits from [the] National Day Golden Week, which kicks off the seasonally strongest quarter of the year,” Bain wrote.

Also this week, Wells Fargo released a report stating Macau casino revenues were likely to be up 5 to 10 percent in August based on the first 19 days of the month, and were on track to reach a monthly record.

What is your opinion about this article?
  • I like it
    %
    0 votos
  • I don't like it
    %
    0 votos
  • I have not thought about it
    %
    0 votos
Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.
Follow us on Facebook