Analysts differ on gaming estimates for April

2013-4-23

From：Macau Business

Wells Fargo and Sterne Agee analysts have different estimates for April’s full-month gross gaming revenue.

While Wells Fargo senior analyst Cameron McKnight forecasts growth will be between 13 and 15 percent year-on-year, Sterne Agee’s David Bain says it will be around just eight percent.

In a note issued yesterday, Mr McKnight wrote that average daily revenue through April 21, including slots, was around MOP964 million (US$120.5 million), up by 16 percent year-on-year.

Mr Bain is less bullish and wrote yesterday that there has been a slowdown in growth in recent days, likely related to the upcoming May 1 Golden Week holiday period, in which many workers in the mainland get one week off, some of whom come to Macau to gamble.

Copyright@Macau Business