Morgan Stanley raises 2014 casino revenue forecast

2014-1-8

From:Macau Business

Morgan Stanley has increased its growth forecasts for gross gaming revenue for this year to 18 percent from 13 percent.

The investment bank says the casinos in Macau will take US$53 billion (MOP424 billion) this year.

It forecasts VIP gaming revenue to grow by 13 percent and mass-market gaming revenue to grow by 28 percent.

Morgan Stanley says Sands China Ltd could increase its market share this year on the strength of its operations at Sands Cotai Central.

Copyright@Macau Business