Analysts are forecasting Macau gaming revenues to grow up to 17 per cent in January.
Phoebe Tse of Barclays said table game revenue is on track to grow 17 per cent this month to $3.95bn, based on the first 12 days of the month.
Cameron McKnight of Wells Fargo said growth is trending between 13 and 17 per cent, down from his initial estimate of 14 to 18 per cent. His updated estimate assumes six to nine per cent growth in VIP and 30 to 35 per cent growth in mass-market revenue.
John Kempf of RBC Capital is forecasting 15 to 17 per cent growth in January. However, he said that may prove to be a conservative estimate given the timing of Chinese New Year, which starts on January 30 this year as against February 10 last.
Source: Fantini’s Gaming Report
