Deutsche Bank cuts Macau estimates

2013-6-26

From：Macau Business

Deutsche Bank has just revised downward its estimates for the Macau gaming industry.

The investment bank’s analyst Karen Tang said in a note to clients that Macau gross gaming revenues will likely accelerate from 15 percent year-to-date to 20 percent in the next three to four months, on a low base.

However, she cut her fourth-quarter growth estimate from 16 percent to 12 percent, and the 2014 growth forecast from 11 percent to 8 percent.

Nonetheless, Ms Tang stressed that she continues to be “long-term bullish” on Macau.

Copyright@Macau Business