Wells Fargo predicts flat casino revenue in August

2014-08-21

2014/8/21

From：Macau Business

Wells Fargo Securities estimates that Macau’s casino gaming revenue averaged MOP983 million (US$123.14 million) a day in the week ended Sunday, or 1 percent less than the week before.

The stockbroker says its estimates for the first 17 days of August point to gaming revenue being about the same this month as a year ago, with VIP market revenue falling by 7 percent and mass-market revenue rising by 10 percent.

Wells Fargo says trends in the Macau gaming market have turned from “choppy” to ”rocky”.

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