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Deutsche Bank’s 2015 gaming revenue gloom deepens
- 2015-03-02
2015/3/2
From:Macau Business
Deutsche Bank now forecasts that annual gross gaming revenue in Macau’s casinos will shrink to US$34.6 billion (MOP276.39 billion) this year, 21.4 per cent less than last year.
The bank previously forecast a contraction of 8.4 per cent.
“We believe the ambiguity stemming from the Chinese New Year calendar shift, coupled with the run in stocks over the last several weeks, has clouded what truly has been a continuation of well-below-trend results,” a Deutsche Bank note says.
Copyright@Macau Business