May casino gross revenues are likely to climb below analysts’ forecasts. Royal Bank of Canada (RBC) analyst John Kempf wrote in note that gross gaming revenues are expected to increase by between 12 percent and 13 percent, below earlier estimates of 15 percent to 16 percent. Mr Kempf said May month-to-date is trending up 15 percent, Bloomberg reports. Wells Fargo analyst Cameron McKnight says casino revenues may rise 13 percent to 15 percent versus earlier estimates of a 13 percent to 17 percent increase this month. Nomura says that the bad weather in May is to blame. Even so, the Japanese brokerage house continues to expect the full month to be in the range of MOP30 billion to 31 billion (US$3.75 billion), up by between 15 percent and 19 percent year-on-year. “Given the impact of the bad weather, the month of May may track closer to the lower end of the range,” it says.
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