November gaming revenue forecast to fall 29 pct

2015/11/3

From:Macau Business

Deutsche Bank forecasts that gross gaming revenue in Macau’s casinos will be 29 per cent lower this month than a year ago.

The investment bank’s forecast is contained in a note which warns that the performance of the newly opened Studio City casino-resort in Cotai may throw its calculations out.

“Over the last four years, November, on average, has been down roughly 10.9 per cent from October on a win-per-day basis. Should the average sequential trend hold firm, which would imply no market growth from Studio City, November would fall around 29 per cent year-on-year,” the note says.

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