TELSEY CUTS Q3 AND 2014 CASINO REVENUE FORECASTS

2014/8/8

From：Macau Business

Telsey Advisory Group has reduced its forecast of annual growth in Macau’s casino gross gaming revenue in the third quarter of this year to between 4 percent and 6 percent, in view of the recent decline in revenue.

Its analysts have reduced their forecast of growth in gaming revenue for the whole year to between 8 percent and 10 percent.

A Telsey Advisory Group note says: “While the choppiness in VIP [gaming revenue] is expected at this point, the bigger disappointment is clearly the deceleration in mass-market [gaming revenue] growth to 17.3 percent compared with 26.9 percent in June and 32.5 percent in all of the second quarter.”

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