International edition
August 04, 2021

They expect a double digit growth

Analysts optimistic on 2013 Macau’s casino revenue

(Macau).- Investment banks Citigroup and Goldman Sachs expect Macau’s casino gross gaming revenue to grow by double digits in 2013. Citi forecasts casino revenue will go up by 10 % year-on-year to nearly US$41.7 billion, Bloomberg reports.

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oldman Sachs is more bullish. It estimates a 16%t gross gaming revenue growth in 2013, with VIP revenue up by 13 % and mass market expanding at a rate of 23 %.

Backing Goldman Sachs’ estimates are forecasts of a 7% increase in tourist visitation and 16 % jump in per-visitor gaming spending.

It says that the recent completion of the last stations on the Guangzhou-Zhuhai railway link should drive stronger visitation growth here.

The investment bank expects a strong recovery on the VIP side, driven by better macro-economic data and wealth creation from the mainland’s property market.

Offsetting these positives are the potential impact of the partial ban on smoking inside casinos, enacted on Tuesday, and anti-corruption initiatives by Beijing, Goldman Sachs says.

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