Meta Keywords：Dip in gaming revenue forecast during festival,Gaming

2013-8-28

From：Macau Business

Wells Fargo has revised downwards its estimate of this month’s gaming revenue growth to between 17 percent and 19 percent in year-on-year terms.

In yesterday’s note to investors, Wells Fargo senior analyst Cameron McKnight said growth had eased from between 17 percent and 20 percent, based on trends up to Sunday.

Last week’s average daily revenue was MOP954 million (US$119.41 million), a decrease of 12 percent from the week before.

Revenue is predicted to fall to about MOP 875 million for the rest of this week.

Mr McKnight said average daily revenue would soften ahead of the Mid-Autumn Festival period from September 19.

Copyright@Macau Business