October casino takings expected to hit new record

2013-10-8

From：Macau Business

Analysts expect Macau’s casino gross gaming revenue to rise to a new record this month.

Sterne Agee analyst David Bain said revenue could be MOP34.8 billion (US$4.35 billion), 26 percent more than a year earlier.

Wells Fargo’s Cameron McKnight estimates this month’s revenue growth is trending between 17 per cent and 23 per cent.

“Economic momentum remains strong. High-end Chinese economic sentiment rebounded sharply in September. The property market remains robust and should help support player confidence,” he said.

Barclays analyst Phoebe Lee also expects this month’s revenue to break the record of MOP31.3 billion set in March, Bloomberg reports.

Copyright@Macau Business