Macau 2013 gaming revenue to grow 17 pct: DB

2013-4-26

From:Macau Business

Deutsche Bank has just increased its estimate for Macau’s casino gross gaming revenue growth for 2013 to 17 percent, up from an earlier forecast of 11 percent, our sister publication Business Dailyreports.

“Junkets said VIP growth has finally returned to double-digit, as they start to extend more credit on [the] back of China’s gross domestic product recovery,” Hong Kong-based research analyst Karen Tang wrote in a report released earlier this week.

“Incorporating this pick up in VIP demand we raise Macau’s 2013 VIP growth from 5 percent to 13 percent year-on-year,” she said.

“We also slightly raise mass table revenue growth forecast from 27 percent year-on-year to 28 percent year-on-year.”

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