Casino revenue heads for 18-22 pct growth: analyst

2013-9-11

From:Macau Business

Casino gaming revenue is on track to finish this month between 18 percent and 22 percent higher than a year ago, Wells Fargo senior analyst Cameron McKnight says.

The financial services company says gross gaming revenue reached MOP1 billion (US$125.2 million) in the week ended Sunday, 10 percent more than in the last week of August.

That rate of growth is expected to slow during the Mid-Autumn Festival.

Wells Fargo says economic growth is now the priority for Beijing, with subsidies designed to increase consumer spending.

Copyright@Macau Business