Wells Fargo sees fall in June gaming revenue

2014/6/23

From:Macau Business

Wells Fargo now forecasts that gaming revenue in Macau’s casinos will be up to 2 percent less this month than it was a year ago.

The stockbroker previously forecast that this month’s gaming revenue would be between 1 percent and 5 percent greater than a year ago.

It says average daily revenue last week was 15 percent lower than the week before as gamblers were distracted by the football World Cup.

The broker expects volatility to continue over the summer.

Copyright@Macau Business