Revenue growth slowing at casinos, say analysts

2014-1-28

From：Macau Business

The annual rate of growth in gross gaming revenue is set to slow for a third consecutive month, according to forecasts by three analysts.

Wells Fargo Securities LLC analyst Cameron McKnight has reduced his estimate of growth this month to between 11 percent and 13 percent from between 13 percent and 17 percent.

Sterne Agee analyst David Bain has cut his estimate to between 14 percent and 17 percent from between 18 percent to 21 percent.

Barclays Bank’s growth forecast is capped at 11 percent.

Annual growth in gross gaming revenue peaked at 31.7 percent in October before slowing to 21.3 percent in November and 18.5 percent last month.

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