Macau’s casinos have had a strong start to the month, with analysts estimating that gaming revenue so far is 5.6 per cent higher than a year earlier.
The average daily take had been US$134.9m by last Sunday. Analysts are now racing to raise their price targets for the Macau stocks. In December, Macau gaming revenue increased 18.6 per cent from a year ago to $4.2bn, the second highest month on record.
Mass table segment, the revenue growth driver, grew at 35.1per cent. VIP revenue growth registered a 12 per cent increase, thanks to a robust junket volume growth of 23.5 per cent.
“2014 is the first year since 2005 with no major casino opening to drain growth and will be a year with excess demand given the largest hotel property on the mainland is opening up across the border in Hengqin,” analysts at Citi wrote in a report this week.
source : www.intergameonline.com
