April casino revenue to go up 16 pct: Analyst

2013-4-12

From:Macau Business

Bank of America Merrill Lynch says that Macau’s April casino gross gaming revenue is on track to grow between 7 and 14 percent year-on-year, based on the run rate for the first seven days of the month.

That means the city’s casinos could report gross gaming revenue in the range of MOP26.8 billion (US$3.4 billion) to MOP28.5 billion.

The range is below Bank of America Merrill Lynch’s expectations, which stand at MOP29 billion, up by 16 percent year-on-year, however the investment bank mentions a recent strong revenue trend.

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