itigroup’s analysts led by Anil Daswani, also cut gaming revenue estimates for June to us$ 3.5 billion, down from us$ 3.48 billion. This revised figure is still up by 20 % year-on-year.
U.S.-based brokerage firm Sterne Agee’s analyst David Bain adds that June is typically down 12 % from May. However, the firm’s June gross gaming revenue forecast calls for just a 6 % month-on-month decline.
Bain also forecasts June gross gaming revenues to end at us$ 3.42 billion, up by 20 % year-on-year. According to the analyst, this is explained by increased infrastructure and access, visa policy loosening and new supply, while May visitation hit its best growth (+9.1%) since January 2012.