Macau’s casino gross gaming revenue showed some sequential improvements in the past week, three analysts say.
Investment bank Wells Fargo announced it was revising its May Macau casino gross gaming revenue growth estimate to 15% from 13% compared to the same period a year ago, based on improved earnings. Previous estimates pointed to growth between 10% and 14%.
Total gaming revenue for casinos in Macau reached 133.5 billion MOPs ($16.7 billion) in the four months from January this year, up 17.5% from a year earlier, according to data from the gaming regulator. Casinos recorded 29.6 billion MOPs in May last year.
Analysts at brokerage firm Nomura also noted that Macau’s table total game sales improved last week from the previous week. That led to May’s utilization rate expected to grow between 14% and 16% annually, helped by strong results from the popular market.
The U.S.-based Sterne Agee brokerage said in a note to clients on Monday that its May outlook continues to suggest gross gaming revenue growth between 12% and 17%. However, analyst David Bain noted the positive trend for the week that ended Sunday, saying average daily table gaming gross sales rose 12% from the previous week (May 11 to May 18) to 1.03 billion MOPs.
BY: 파워볼사이트