International edition
July 27, 2021

Forecasts regulator Manuel Joaquim das Neves

Macau casino revenue to grow up to 15 % in 2012

(Macau).- The head of the Gaming Inspection and Coordination Bureau, Manuel Joaquim das Neves, forecasts Macau’s casino gross gaming revenue to “to grow between 10 and 15 %” for full 2012. Last year, the city’s casinos posted a gaming revenue rise of 42.2 % to us$ 33.5 billion.

We have a much higher base of comparison from 2011, especially during the second half of the year,” Mr Neves told our sister publication Business Daily. “Taking into consideration the global economic downturn, to achieve such growth would be a very good result,” he added. Mr Neves opted not to comment on the industry’s results during the National Day Golden Week. “But based on the first week, we expect this October to be a good month,” he said.

Bank of America Merrill Lynch said this week that it forecasts Macau’s October casino gross gaming revenue to rise by 1 percent year-on-year, to us$ 3.32 billion. Wells Fargo is estimating a growth rate between zero and 5 percent for October. This means a new monthly record is likely to be set.

Macau’s current record for monthly casino gross gaming revenue stands at us• 3.30 billion and was set in October last year.

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