April casino revenue growth could reach 15 pct

2013-4-24

From:Macau Business

Macau’s April casino gross gaming revenue could grow between 8 percent and 15 percent year-on-year, according to the latest estimates.

CLSA Asia Pacific Markets is among those at the top end of the range.

The Hong Kong-based brokerage firm expects casino gross gaming revenue for full-April to grow between 10 to 15 percent.

Citigroup is less bullish. Hong Kong-based analyst Anil Daswani wrote in a note quoted by our sister publication Business Daily that he now forecasts revenue to grow by 12 percent in April, to MOP28 billion (US$3.5 billion), down from a previous estimate of MOP28.5 billion.

Nomura also adjusted downwards its estimated full-month forecast. The Japanese brokerage firm now estimates casino gross gaming revenue to grow to MOP27 billion-MOP28 billion in April, which represents a year-on-year growth rate of 8 percent to 12 percent.

Nomura’s previous forecast stood at MOP28 billion-MOP29 billion.

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