Casino revenue may surge 72 percent in July: analysts

Casino gross gaming revenues in Macau may rise as much as 72 percent this month from a year earlier, according to CLSA Ltd. and Deutsche Bank AG. The rise is caused by the end of the Word Cup period and the return of gamblers to the gaming tables. The beginning of the summer holidays also helped to boost the results. Both CLSA’s Aaron Fischer and Huei Suen Ng, and Deutsche’s Karen Tang say that casino gross gaming revenue in Macau may increase to about MOP16 billion in July. A “strong increase” in the size of bets placed by VIP players was the main driver of the 80 percent increase in casino revenue in the first 19 days of July, Tang said in a note to clients. “July is on track for around MOP16.5 billion in gaming revenue,” she said.