Barclays sees 19 pct December casino revenue jump

2013-12-17

From:Macau Business

Barclays Bank says Macau’s casino gross gaming revenue could be 18.5 percent higher this month than a year earlier.

The bank predicts in a note that average daily table revenue will “stay strong” in the second half of this month, a holiday period.

Sterne Agee is less bullish, forecasting gross gaming revenue of MOP31.7 billion (US$3.96 billion) this month, 12 percent more than a year earlier.

Wells Fargo Securities LLC now estimates annual growth this month will be between 12 percent and 15 percent, having previously estimated growth of between 10 percent and 14 percent.

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