Fitch lowers 2015 Macau gaming revenue forecast

2015/5/19

From：Macau Business

Fitch Ratings has increased its forecast of the annual fall in Macau’s casino gaming revenue this year to 29 per cent from 22 per cent.

“Our new forecast, which sees 2015 gross gaming revenue falling to US$31 billion [about US$3.88 billion, assumes daily gross gaming revenue of MOP650 million to MOP680 million for the balance of the year, with the higher end of the range occurring towards the end of the year,” a note by the credit rating agency says.

“The second-half-of-2015 improvement takes into account our opinion that the market is near the trough and that Galaxy Macau's Phase II opening on May 27, as well as Melco's Studio City opening in the third quarter, will drive some incremental [sic], albeit limited, growth,” the note says.

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