Macau set for record-breaking October

Early indications are pointing to a record-breaking month for Macau gaming revenue in October, with both the mass market and VIP segments performing strongly during Golden Week, analysts say. Nomura Securities says gaming revenues in the first six days of October imply MOP 32.5-33.5 billion (US $4.06 billion- $4.19 billion) for the month, topping the record of MOP 31.1 billion set in March. Growth has been set between 18 and 22 percent year-over-year, beating the consensus forecast of 16-21 percent, Nomura said. J.P. Morgan is looking at an estimate for a 22 percent gain to MOP 33.7 billion, while Sterne Agee is even more bullish, with forecasts for a 26 percent gain to MOP 34.8 billion The average daily table win for the Golden week period ended October 6 was HK$ 1.679 billion (US $216.5 million) vs. the prior year period’s HK$ 1.22 billion, a 30 percent increase, Nomura states. Wells Fargo put this month’s revenue growth at between 17 percent and 23 percent.