Casino earnings tipped to plunge 43 pct in 2015

2015-09-11

2015/9/11

From:Macau Business

Deutsche Bank estimates that annual property-level earnings before interest, tax, depreciation and amortisation in Macau’s casinos will contract by about 43 per cent this year, expand by about 2 per cent next year and contract by about 11 per cent in 2017.

The investment bank says in a note that its estimates are based on its latest forecasts of gross gaming revenue.

The estimates are also based on the assumption that the cost base will rise by 4 per cent this year, by 8 per cent next year and by 20 per cent in 2017.

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