October’s gaming plunge forecast to be shallower

2015-10-14

2015/10/14

From:Macau Business

Credit Suisse and Wells Fargo Securities both think the annual rate of decline in monthly gross gaming revenue in Macau’s casinos will be slower this month than in months gone by.

Notes by the investment bank and the stockbroker say their predictions are based on indications that casino business was better than expected in the first 11 days of the month, which encompassed the National Day golden week of holidays in the mainland.

Both estimate that average daily gross gaming revenue was MOP827 million (about US$103.38 million) in the first 11 days.

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