April casino revenue to grow by at least 12 pct

2013-4-17

From:Macau Business

Nomura and Wells Fargo have just revised upward their forecasts for Macau’s casino gross gaming revenue for April.

Both companies cited sources noting that the first 14 days of April delivered MOP13.5 billion (US$1.7 billion) of gaming revenue in Macau, implying a month-to-date run rate of MOP964 million per day.

Nomura lifted its full month estimate to a range between MOP28 billion and MOP29 billion, representing a year-on-year increase somewhere between 12 and 16 percent.

The Japanese firm’s initial forecast was for a growth rate between 8 and 12 percent.

Wells Fargo also revised its estimate to a range between 12 and 14 percent, versus its prior estimate of 9 to 12 percent growth.

Copyright@Macau Business