Macau casino revenue to grow by single-digits in 4Q
Head of the local gaming regulatory body, Manuel Joaquim das Neves, told Business Daily that Macau’s casino gross gaming revenue would grow between 10 percent and 15 percent for full 2012.
“The director of Macau’s gaming regulatory body has forecasted full year 2012 gross gaming revenue growth in a range of 10-15 percent. On a year-to-date basis through September, gaming gross revenue is up 14.9 percent. This would therefore imply 4Q12 growth in a range of -3% to +15%,” Grant Govertsen said in a note.
The analyst added that Union Gaming’s forecasts are biased towards the mid/high government’s full-year forecast. He believes that gaming gross revenue growth should reach the low teens this year and the mid-single digits in the fourth quarter of this year.
Last year, the city’s casinos posted a gaming revenue rise of 42.2 percent to us$ 33.5 billion.
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