Goldman Sachs keeps 2014 gaming revenue forecast

2014-4-11

From：Macau Business

Goldman Sachs still expects Macau’s gross gaming revenue to be 16 percent higher this year than last, despite its recent weakness, Street Insider reports.

The investment bank describes first-quarter revenue as “solid”, having been 20 percent higher than a year earlier.

It says annual growth in first-quarter revenue from mass-market gaming was “resilient”, at 39 percent.

But it says growth in first-quarter revenue from VIP gaming, at 12 percent, was slower than in the preceding quarter because junket operators were less keen to lend gamblers money, and because casinos allocated more resources to the mass market.

Goldman Sachs expects these trends to continue.

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