Casinos start 2014 strongly, estimates suggest

2014-01-10

2014-1-7

From：Macau Buisness

The casinos have had a strong start to the month, with analysts estimating that gaming revenue so far is 5.6 percent higher than a year earlier, Barron’s reports.

The average daily take had been MOP1.1 billion by Sunday, the news website said.

Wells Fargo analyst Cameron McKnight said revenue growth could accelerate before Lunar New Year because of a positive economic outlook in the mainland and greater tourist numbers.

Wells Fargo forecasts annual growth in revenue this month of 14 percent to 18 percent. RBC Capital Markets predicts growth of 24 percent.

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