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| ISSUE 96 - Apr 2012 |
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Gaming revenue expected to grow over 25 percent
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Posted: 1/31/2012 4:06:15 PM
Gross gaming revenues are expected to surpass MOP23 billion (US$2.9 billion) in the month of January alone, up by 25 percent compared to the same month in 2011.
According to Lusa News Agency, casino companies expect the number to be between MOP23 billion and MOP24 billion, mainly due to the Chinese New Year holidays.
Wells Fargo analysts foresee a total gross gaming revenue for January of MOP23.4 billion.
Cameron McKnight, an analyst at Wells Fargo, adds that February revenues may fall as much as 14 percent year-over-year due to the timing of Chinese New Year.
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| Other Macau Latest News |
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| MGM is still waiting for Cotai approval, but Grant Bowie reiterates that it will go beyond just gaming |
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| Wynn’s lawyers accuse the Japanese businessman of trying to find improper acts, which they say never happened |
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| The gaming operator is again backing the Macau stage of the FIVB Volleyball World Grand Prix |
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| Property experts say prices in Ilha Verde area could go up 10-fold |
| Headlines |
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| The company’s president and CEO has had his contract extended until August next year |
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| Gov’t authorisation is “just a formality”, English-language newspaper Business Daily reports |
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| Less informal lending in Wenzhou may lead to VIP slowdown in Macau’s casinos, says Macquarie |
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| The casino mogul dismisses rumours about connections between Tien Chiao and any government officials |
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| US |
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| DJIA |
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| Nasdaq |
2,874.04 |
0.00 |
| S&P 500 |
1,324.80 |
-5.86 |
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| Europe |
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| DJ Stoxx 50 |
2,155.48 |
-19.86 |
| DAX |
6,355.83 |
-28.43 |
| FTSE 100 |
5,354.47 |
-50.78 |
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| Asia |
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| Nikkei 225 |
8,876.59 |
+75.42 |
| Hang Seng |
19,200.93 |
-58.90 |
| STRAITS TIMES INDEX |
2,822.61 |
-8.54 |
| S&P/ASX 200 |
4,157.40 |
-8.100 |
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| 2012-5-17 |  | | 24°C ~ 30°C |
| | 2012-5-18 | | | 24°C ~ 30°C |
| | 2012-5-19 | | | 24°C ~ 30°C |
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